If you run a food-services business, you likely know that you need to get insurance coverage. This is important because you invest a ton of money in the equipment that you need to prepare the food and package it safely. If this machinery were to stop functioning, you would lose a ton of money because you would not be able to produce the product that you need to sell. In many cases with food services, you can't even prepare food ahead of time to build a buffer in case the machinery does break down because the food would spoil if you did.
Anyone who owns a home should understand the importance of having homeowners' insurance. The last thing you want is to forgo having insurance on your home. It could end up costing you far more in the long run than what it would cost to pay the premium every month. However, there are things you need to know when choosing a homeowners' insurance policy. You don't want to end up choosing the first policy you come across.