{"id":1544,"date":"2020-08-13T10:00:00","date_gmt":"2020-08-13T10:00:00","guid":{"rendered":"http:\/\/itcblog.zywaveinternal.wpengine.com\/itc-syndicate\/\/\/\/what-happens-to-businesses-without-insurance\/"},"modified":"2020-08-13T10:00:00","modified_gmt":"2020-08-13T10:00:00","slug":"what-happens-to-businesses-without-insurance","status":"publish","type":"post","link":"https:\/\/www.ayalainsurance.com\/es\/blog\/what-happens-to-businesses-without-insurance\/","title":{"rendered":"What Happens to Businesses Without Insurance?"},"content":{"rendered":"<p>        <span id=\"litH1\" style=\"text-align: left;font-family: Helvetica, Arial, sans-serif, 'Ubuntu';font-size: 20px;color: #363636;line-height: 24px;font-weight: 600\">What Happens to Businesses Without Insurance? <\/span><\/p>\n<p>        <span id=\"litContent\" style=\"text-align: left;font-family: Helvetica, Arial, sans-serif, 'Ubuntu';font-size: 14px;color: #808080;line-height: 24px;font-weight: 400\"><\/p>\n<div class=\"OutlineElement Ltr SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;overflow: visible;cursor: text;clear: both;direction: ltr;color: #000000;font-family: 'Segoe UI', 'Segoe UI Web', Arial, Verdana, sans-serif;font-size: 12px\">\n<p class=\"Paragraph SCXW20205124 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">Business insurance is used in order to protect businesses from lawsuits and other losses that could have a large financial impact&nbsp;<\/span><\/span><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">otherwise.<\/span><\/span><span class=\"EOP SCXW20205124 BCX0\" data-ccp-props=\"{'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\"><\/span><\/p>\n<p class=\"Paragraph SCXW20205124 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span class=\"EOP SCXW20205124 BCX0\" data-ccp-props=\"{'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\">&nbsp;<\/span><\/p>\n<\/div>\n<div class=\"OutlineElement Ltr SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;overflow: visible;cursor: text;clear: both;direction: ltr;color: #000000;font-family: 'Segoe UI', 'Segoe UI Web', Arial, Verdana, sans-serif;font-size: 12px\">\n<p class=\"Paragraph SCXW20205124 BCX0\" role=\"heading\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: #1f3763\"><span data-contrast=\"none\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 12pt;font-family: 'Calibri Light', 'Calibri Light_EmbeddedFont', 'Calibri Light_MSFontService', sans-serif;line-height: 20.5042px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" data-ccp-parastyle=\"heading 3\" style=\"margin: 0px;padding: 0px;background-color: inherit\"><strong>Required Business Insurance and Penalties<\/strong><\/span><\/span><span class=\"EOP SCXW20205124 BCX0\" data-ccp-props=\"{'201341983':0,'335559738':40,'335559739':0,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 12pt;line-height: 20.5042px;font-family: 'Calibri Light', 'Calibri Light_EmbeddedFont', 'Calibri Light_MSFontService', sans-serif\">&nbsp;<\/span><\/p>\n<\/div>\n<div class=\"OutlineElement Ltr SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;overflow: visible;cursor: text;clear: both;direction: ltr;color: #000000;font-family: 'Segoe UI', 'Segoe UI Web', Arial, Verdana, sans-serif;font-size: 12px\">\n<p class=\"Paragraph SCXW20205124 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">Business insurance requirements vary by state. Most states require businesses to carry a minimum amount of:<\/span><\/span><span class=\"EOP SCXW20205124 BCX0\" data-ccp-props=\"{'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\">&nbsp;<\/span><\/p>\n<\/div>\n<div class=\"SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;color: #000000;font-family: 'Segoe UI', 'Segoe UI Web', Arial, Verdana, sans-serif;font-size: 12px\">\n<div class=\"ListContainerWrapper SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px\">\n<ul class=\"BulletListStyle1 SCXW20205124 BCX0\" role=\"list\" style=\"margin-right: 0px;margin-bottom: 0px;margin-left: 0px;padding-top: 0px;padding-right: 0px;padding-bottom: 0px;overflow: visible;cursor: text;font-family: verdana\">\n<li data-leveltext=\"?\" data-font=\"Symbol\" data-listid=\"1\" data-aria-posinset=\"1\" role=\"listitem\" data-aria-level=\"1\" class=\"OutlineElement Ltr SCXW20205124 BCX0\" style=\"margin: 0px 0px 0px 24px;padding: 0px;overflow: visible;cursor: text;clear: both;direction: ltr;font-size: 11pt;font-family: Calibri, Calibri_MSFontService, sans-serif;vertical-align: baseline\">\n<ul>\n<li class=\"Paragraph SCXW20205124 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-weight: bold;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">Workers Compensation<\/span><\/span><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-weight: bold;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">:<\/span><\/span><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">&nbsp;Workers compensation provides financial assistance for employees that are injured on the job.<\/span><\/span><span class=\"EOP SCXW20205124 BCX0\" data-ccp-props=\"{'134233279':true,'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\">&nbsp;<\/span><\/li>\n<\/ul>\n<\/li>\n<li data-leveltext=\"?\" data-font=\"Symbol\" data-listid=\"1\" data-aria-posinset=\"2\" role=\"listitem\" data-aria-level=\"1\" class=\"OutlineElement Ltr SCXW20205124 BCX0\" style=\"margin: 0px 0px 0px 24px;padding: 0px;overflow: visible;cursor: text;clear: both;direction: ltr;font-size: 11pt;font-family: Calibri, Calibri_MSFontService, sans-serif;vertical-align: baseline\">\n<ul>\n<li class=\"Paragraph SCXW20205124 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-weight: bold;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">Commercial Auto Insurance<\/span><\/span><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-weight: bold;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">:<\/span><\/span><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">&nbsp;Commercial auto insurance covers vehicles used or owned by a business for work purposes.<\/span><\/span><span class=\"EOP SCXW20205124 BCX0\" data-ccp-props=\"{'134233279':true,'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\">&nbsp;<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div>\n<div class=\"OutlineElement Ltr SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;overflow: visible;cursor: text;clear: both;direction: ltr\">\n<p class=\"Paragraph SCXW20205124 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">&nbsp;<\/span><\/span><\/p>\n<p class=\"Paragraph SCXW20205124 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">Operating a business without workers compensation can result in legal action such as fines or jail time. Even in states that don\u2019t require workers compensation, operating without this insurance can lead to lawsuits from employees due to injuries obtained at work.<\/span><\/span><span class=\"EOP SCXW20205124 BCX0\" data-ccp-props=\"{'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\"><\/span><\/p>\n<p class=\"Paragraph SCXW20205124 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span class=\"EOP SCXW20205124 BCX0\" data-ccp-props=\"{'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\">&nbsp;<\/span><\/p>\n<\/div>\n<div class=\"OutlineElement Ltr SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;overflow: visible;cursor: text;clear: both;direction: ltr\">\n<p class=\"Paragraph SCXW20205124 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">Legal action can also be taken against businesses that fail to carry the proper commercial auto insurance.&nbsp;<\/span><\/span><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">Most states require a minimum amount of liability insurance.<\/span><\/span><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">&nbsp;In Texas, for example, businesses must carry:<\/span><\/span><span class=\"EOP SCXW20205124 BCX0\" data-ccp-props=\"{'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\">&nbsp;<\/span><\/p>\n<\/div>\n<div class=\"ListContainerWrapper SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px\">\n<ul class=\"BulletListStyle1 SCXW20205124 BCX0\" role=\"list\" style=\"margin-right: 0px;margin-bottom: 0px;margin-left: 0px;padding-top: 0px;padding-right: 0px;padding-bottom: 0px;overflow: visible;cursor: text;font-family: verdana\">\n<li data-leveltext=\"?\" data-font=\"Symbol\" data-listid=\"2\" data-aria-posinset=\"3\" role=\"listitem\" data-aria-level=\"1\" class=\"OutlineElement Ltr SCXW20205124 BCX0\" style=\"margin: 0px 0px 0px 24px;padding: 0px;overflow: visible;cursor: text;clear: both;direction: ltr;font-size: 11pt;font-family: Calibri, Calibri_MSFontService, sans-serif;vertical-align: baseline\">\n<ul>\n<li class=\"Paragraph SCXW20205124 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">$30,000<\/span><\/span><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">&nbsp;in bodily injury liability per person<\/span><\/span><span class=\"EOP SCXW20205124 BCX0\" data-ccp-props=\"{'134233279':true,'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\"><\/span><\/li>\n<li class=\"Paragraph SCXW20205124 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span class=\"EOP SCXW20205124 BCX0\" data-ccp-props=\"{'134233279':true,'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\">&nbsp;<\/span><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">$60,000 in bodily injury liability per accident<\/span><span class=\"EOP SCXW20205124 BCX0\" data-ccp-props=\"{'134233279':true,'201341983':0,'335559739':160,'335559740':259}\" style=\"background-color: transparent;color: windowtext;font-size: 11pt;margin: 0px;padding: 0px;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\"><\/span><\/li>\n<li data-leveltext=\"?\" data-font=\"Symbol\" data-listid=\"2\" data-aria-posinset=\"2\" role=\"listitem\" data-aria-level=\"1\" class=\"OutlineElement Ltr SCXW20205124 BCX0\" style=\"margin: 0px 0px 0px 24px;padding: 0px;overflow: visible;cursor: text;clear: both;direction: ltr;font-size: 11pt;font-family: Calibri, Calibri_MSFontService, sans-serif;vertical-align: baseline\"><\/li>\n<li class=\"Paragraph SCXW20205124 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">$25,000 in property damage liability<\/span><\/span><span class=\"EOP SCXW20205124 BCX0\" data-ccp-props=\"{'134233279':true,'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\">&nbsp;<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;color: #000000;font-family: 'Segoe UI', 'Segoe UI Web', Arial, Verdana, sans-serif;font-size: 12px\">\n<div class=\"ListContainerWrapper SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px\">&nbsp;<\/div>\n<div class=\"OutlineElement Ltr SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;overflow: visible;cursor: text;clear: both;direction: ltr\">\n<p class=\"Paragraph SCXW20205124 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">&nbsp;<\/span><\/span><\/p>\n<p class=\"Paragraph SCXW20205124 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">This is the minimum amount required and not the only insurance available. If a commercial vehicle is covered with personal auto insurance instead of commercial auto insurance, an accident while the vehicle is being used for work will not be covered.&nbsp;<\/span><\/span><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">In fact, an insurance provider may&nbsp;<\/span><\/span><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">cancel a policy if they discover a commercial vehicle is insured with personal auto insurance and vice versa.<\/span><\/span><span class=\"EOP SCXW20205124 BCX0\" data-ccp-props=\"{'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\"><\/span><\/p>\n<p class=\"Paragraph SCXW20205124 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span class=\"EOP SCXW20205124 BCX0\" data-ccp-props=\"{'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\">&nbsp;<\/span><\/p>\n<\/div>\n<div class=\"OutlineElement Ltr SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;overflow: visible;cursor: text;clear: both;direction: ltr\">\n<p class=\"Paragraph SCXW20205124 BCX0\" role=\"heading\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: #1f3763\"><span data-contrast=\"none\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 12pt;font-family: 'Calibri Light', 'Calibri Light_EmbeddedFont', 'Calibri Light_MSFontService', sans-serif;line-height: 20.5042px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" data-ccp-parastyle=\"heading 3\" style=\"margin: 0px;padding: 0px;background-color: inherit\"><strong>Industry Requirements<\/strong><\/span><\/span><span class=\"EOP SCXW20205124 BCX0\" data-ccp-props=\"{'201341983':0,'335559738':40,'335559739':0,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 12pt;line-height: 20.5042px;font-family: 'Calibri Light', 'Calibri Light_EmbeddedFont', 'Calibri Light_MSFontService', sans-serif\"><strong>&nbsp;<\/strong><\/span><\/p>\n<\/div>\n<div class=\"OutlineElement Ltr SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;overflow: visible;cursor: text;clear: both;direction: ltr\">\n<p class=\"Paragraph SCXW20205124 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">Business insurance can also be required depending on the industry. In some cases, insurance can be required in order to obtain a license or purchase a location. Without the proper insurance, a business&nbsp;<\/span><\/span><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">may not<\/span><\/span><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">&nbsp;be able to open a physical<\/span><\/span><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">&nbsp;location or receive the necessary license for their practice.<\/span><\/span><span class=\"EOP SCXW20205124 BCX0\" data-ccp-props=\"{'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\"><\/span><\/p>\n<p class=\"Paragraph SCXW20205124 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span class=\"EOP SCXW20205124 BCX0\" data-ccp-props=\"{'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\">&nbsp;<\/span><\/p>\n<\/div>\n<\/div>\n<div class=\"OutlineElement Ltr SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;overflow: visible;cursor: text;clear: both;direction: ltr;color: #000000;font-family: 'Segoe UI', 'Segoe UI Web', Arial, Verdana, sans-serif;font-size: 12px\">\n<p class=\"Paragraph SCXW20205124 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">Essentially every industry has some insurance requirements. Insurance requirements for industries can also vary depending on the state. Some industries are excluded from workers compensation depending on the state, for example.<\/span><\/span><span class=\"EOP SCXW20205124 BCX0\" data-ccp-props=\"{'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\"><\/span><\/p>\n<p class=\"Paragraph SCXW20205124 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span class=\"EOP SCXW20205124 BCX0\" data-ccp-props=\"{'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\">&nbsp;<\/span><\/p>\n<\/div>\n<div class=\"OutlineElement Ltr SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;overflow: visible;cursor: text;clear: both;direction: ltr;color: #000000;font-family: 'Segoe UI', 'Segoe UI Web', Arial, Verdana, sans-serif;font-size: 12px\">\n<p class=\"Paragraph SCXW20205124 BCX0\" role=\"heading\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: #1f3763\"><span data-contrast=\"none\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 12pt;font-family: 'Calibri Light', 'Calibri Light_EmbeddedFont', 'Calibri Light_MSFontService', sans-serif;line-height: 20.5042px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" data-ccp-parastyle=\"heading 3\" style=\"margin: 0px;padding: 0px;background-color: inherit\"><strong>Business Lawsuit Risks<\/strong><\/span><\/span><span class=\"EOP SCXW20205124 BCX0\" data-ccp-props=\"{'201341983':0,'335559738':40,'335559739':0,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 12pt;line-height: 20.5042px;font-family: 'Calibri Light', 'Calibri Light_EmbeddedFont', 'Calibri Light_MSFontService', sans-serif\"><strong>&nbsp;<\/strong><\/span><\/p>\n<\/div>\n<div class=\"OutlineElement Ltr SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;overflow: visible;cursor: text;clear: both;direction: ltr;color: #000000;font-family: 'Segoe UI', 'Segoe UI Web', Arial, Verdana, sans-serif;font-size: 12px\">\n<p class=\"Paragraph SCXW20205124 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">Aside from legal repercussions, lawsuits can be a&nbsp;<\/span><\/span><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">large repercussion for not carrying insurance.<\/span><\/span><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">&nbsp;Lawsuits can come from a range of incidents from general liability property damage and injuries to professional negligence, directors and&nbsp;<\/span><\/span><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2 SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-position: left bottom;border-bottom: 1px solid transparent;background-color: inherit\">officers<\/span><\/span><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">&nbsp;lawsuits and employee claims.<\/span><\/span><span class=\"EOP SCXW20205124 BCX0\" data-ccp-props=\"{'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\"><\/span><\/p>\n<p class=\"Paragraph SCXW20205124 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span class=\"EOP SCXW20205124 BCX0\" data-ccp-props=\"{'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\">&nbsp;<\/span><\/p>\n<\/div>\n<div class=\"OutlineElement Ltr SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;overflow: visible;cursor: text;clear: both;direction: ltr;color: #000000;font-family: 'Segoe UI', 'Segoe UI Web', Arial, Verdana, sans-serif;font-size: 12px\">\n<p class=\"Paragraph SCXW20205124 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun AdvancedProofingIssueV2 SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-position: left bottom;base64,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');border-bottom: 1px solid transparent;background-color: inherit\">The majority of<\/span><\/span><span data-contrast=\"auto\" class=\"TextRun SCXW20205124 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW20205124 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">&nbsp;businesses that fail within their first 5 years of operation is due to a lack of funds. A single uninsured lawsuit can ruin a business not only in reputation, but with the expensive costs of court fees, defense costs and payouts.<\/span><\/span><span class=\"EOP SCXW20205124 BCX0\" data-ccp-props=\"{'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\">&nbsp;<\/span><\/p>\n<\/div>\n<p><\/span><\/p>\n<div id=\"pnlSource\" style=\"margin-top: 20px\">\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td width=\"auto\" align=\"center\" height=\"40\" bgcolor=\"#d52728\" style=\"padding-left: 20px;padding-right: 20px;font-family: Helvetica, Arial, sans-serif, 'Ubuntu';color: #ffffff;font-weight: 400\">\n\t\t\t<a href=\"#\" style=\"color: #ffffff;font-size: 16px;text-decoration: none;line-height: 34px;width: 100%\">SOURCE<\/a><\/p>\n<\/td>\n<td width=\"10px\"><\/td>\n<td width=\"auto\" align=\"center\" height=\"40\" bgcolor=\"#999999\" style=\"padding-left: 20px;padding-right: 20px;font-family: Helvetica, Arial, sans-serif, 'Ubuntu';color: #ffffff;font-weight: 400\">\n      <a id=\"lnkSource\" style=\"color: #ffffff;font-size: 16px;text-decoration: none;line-height: 34px;width: 100%\">INSURANCE TECHNOLOGIES CORPORATION<\/a>\n\t\t<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>What Happens to Businesses Without Insurance? Business insurance is used in order to protect businesses from lawsuits and other losses [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":null,"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_analytify_skip_tracking":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1544","post","type-post","status-publish","format-standard","hentry","category-blog"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.ayalainsurance.com\/es\/wp-json\/wp\/v2\/posts\/1544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ayalainsurance.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ayalainsurance.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ayalainsurance.com\/es\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ayalainsurance.com\/es\/wp-json\/wp\/v2\/comments?post=1544"}],"version-history":[{"count":0,"href":"https:\/\/www.ayalainsurance.com\/es\/wp-json\/wp\/v2\/posts\/1544\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ayalainsurance.com\/es\/wp-json\/wp\/v2\/media?parent=1544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ayalainsurance.com\/es\/wp-json\/wp\/v2\/categories?post=1544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ayalainsurance.com\/es\/wp-json\/wp\/v2\/tags?post=1544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}