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In some instances, you might be legally required to purchase certain types of business insurance. The federal government requires every business with employees. Opinion, cricket phone insurance opinion you arecommercial insurance policy 7 Types of Insurance You Need to Protect Your Business In a typical commercial property insurance policy, a coinsurance clause ensures that you carry adequate coverage to protect your possessions. Say your office building is valued at 200,000. To protect that property for its value, you would need at least 200,000 in property insurance coverage.
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