That may be a matter for the owner or you to decide for basically it is first required by law. Next, you or the business owner is the only person who can say if it is indeed needed. In today’s unstable financial market is giving a lot of businessowners a runaround for it can be worth it or almost nothing is the economy sinks any deeper. Insurance is one of the major costs of a business for it must have enough value to cover most situations that would allow the business to continue should the need arise. Eliminating costs is a way of ensuring the money spent there can go to something else that is more urgent. Having it is like a net, but the slow economy might leave that net a bit tad full of holes. Be aware of current trends so you could adjust the parameters of the business to cope.