{"id":8780,"date":"2022-05-20T06:43:21","date_gmt":"2022-05-20T10:43:21","guid":{"rendered":"https:\/\/revistacampus.uandes.cl\/2021\/?p=8780"},"modified":"2024-06-12T03:05:00","modified_gmt":"2024-06-12T07:05:00","slug":"insurance-expense-understanding-the-cost-of","status":"publish","type":"post","link":"https:\/\/revistacampus.uandes.cl\/2021\/insurance-expense-understanding-the-cost-of\/","title":{"rendered":"Insurance Expense: Understanding the Cost of Protection"},"content":{"rendered":"

\"insurance<\/p>\n

Most business owners would rather stay out of court and avoid having to pay lawyers for hundreds of billable hours (and many thousands of dollars). If your business gets sued, general liability insurance can cover the costs of your legal defense — and can even help pay for costs like lawsuit settlement bonds or court judgments. The type of business you run impacts the type of expenses you\u2019ll incur. For example, an electrician might have to factor in costs such as tools and vehicles, whereas an accountant might need to pay for computer equipment and office rent. Both businesses could also share common expenses such as insurance, staff wages, and marketing and advertising costs. Anything you spend money on to operate your business and generate revenue counts as a business expense.<\/p>\n<\/p>\n