Business insurance is of vital importance in times where business liability is forced by law. Millions of people have a car, many of them escape insurance and think to save a few hundred dollars per year; until an accident happens and they are held liable for their actions. Do you know a few people like that?Business Liability For LifeWell in business it is not different. Many thousands of businesses are opened all around the United States, and many flying under the radar without any form of proper insurance. They do not have a third party liability insurance for their business practices. They do not own a liability insurance for their staff and workers. It is all good, until something hits the fan and then all hell breaks loose.Business Insurance Just Common SenseThe company is sued for damages. And if they manage to keep their heads above water it might still be okay. However a company without proper insurance is a sinking ship. Too much energy goes in keeping the enterprise afloat, as damages can run into the thousands and even hundreds-of-thousands of dollars. I neat insurance portfolio can keep the company away from all the hustle and bustle which goes into a lawsuit; headache after headache if the company is not properly insured. Companies need to do what they are good at – making money. Companies should ensure a solid and stable platform for their staff to work from.The Insurance World Is ChangingInsurance Companies are aware of these problems and have changed their policies accordingly – which in terms means the small print has even become smaller. And everyone who pays their yearly dues pays more because of the extra costs involved.The Lawyer And Solicitor Landscape Is Changing TooNot sure if you are aware, but there is still an economic crisis out there. Not just in the USA but in every country around the globe. Companies go bust and they will be held responsible for damages. On the other hand the revenues at law firms also have been shrinking, meaning that were before a law firm would not handle cases under $50.000 they now handle cases as small as $5.000 or even less. Business liability these days is big business.The Consumer Landscape Is Changing TooConsumers have access to more knowledge, and are aware of their consumer rights. Meaning they know when they are able to sue a company for business liability and they do; often backed up by a team of lawyers backing up their claims. They find each other online, and team up against any company.The advice about business insurance here is to get ready before it is too late. You could be sued tomorrow and declared bankrupt a few days later. Insure your business against unwanted claims. There are many ways to do this but it all starts with a sturdy insurance portfolio.