Yes
If you do not offer health insurance through your business, your employees can buy coverage through the individual Marketplace. And they may qualify for a tax credit to help them cover the cost. The other Marketplace, called SHOP (Small Business Health Options Program), is for small-business owners like you. Product liability coverage: If your company manufactures or sells a product, this type of coverage may come in handy. It protects you in case your product is defective and causes injury or damage. Through business insurance, you can cover your property and business vehicles, insure against legal claims against the business such as liability or workers' compensation, and also provide health insurance for your employees, among other things. 2. In fact, your business may be legally required to have certain kinds of insurance. For example, if you have employees, your state may mandate that you carry workers' compensation coverage, or you may have to prove you have specific types of coverage in order to get a state or local business license. Liability Insurance – If you have clients or other visitors come to your house for business purposes, then liability insurance is necessary. Liability insurance protects you and your business from being liable for damages caused to another person or property. The property coverage in a business insurance policy can help protect the physical property of your business against certain causes (they vary and are specified in your policy). Regardless of what your company does, every business in the United Kingdom that employs one member of staff or more is required by law to have an active Employers' Liability Insurance policy in place according to the Employers' Liability Insurance Act 1969. Professional liability coverage: Businesses that provide services often purchase this type of coverage, which protects against errors and negligence. One example, according to the SBA, is the malpractice insurance that doctors are required to carry. Perhaps the most obvious reason to purchase small business insurance is to protect your tangible investment—from your merchandise to the tools you use to make your business work. Depending on the number of employees you have, as well as other factors, there may be additional insurance considerations. Employment practices liability coverage, for example, helps protect you in case a former employee files a groundless claim against your company.
http://www.webmd.com/health-insurance/insurance-marketplace/health-care-marketplace-for-small-businesses https://www.allstate.com/tools-and-resources/business-insurance/small-business-insurance-need.aspx https://www.legalzoom.com/articles/insuring-your-business-5-questions-and-answers-about-business-insurance http://www.nytimes.com/ref/open/finance/OPEN-INSURANCE-FAQ.html https://www.legalzoom.com/articles/does-your-home-based-business-need-business-insurance https://www.allstate.com/tools-and-resources/business-insurance/small-business-insurance-need.aspx http://www.confused.com/small-business-insurance/guides/what-kind-of-insurance-does-your-small-business-require https://www.allstate.com/tools-and-resources/business-insurance/small-business-insurance-need.aspx https://www.allstate.com/tools-and-resources/business-insurance/small-business-insurance-need.aspx https://www.allstate.com/tools-and-resources/business-insurance/small-business-insurance-need.aspx
does a business have to have insurance