Insurance Is Important Because. It provides an income to help pay bills, it provides medical coverage to take care of the cost of recovering, and it opens up the door to other programs that can help an injured employee until they can get back to work. Arguably, the most important car insurance coverage is the kind you need at the time of loss, but we can never be certain what that coverage will be because each accident is different.
Your view of insurance, particularly if you have recently gone into business, may be that it is a luxury that big, thriving companies can afford. Insurance provides security against risk and uncertainty. Insurance ensures family’s financial stability no matter how much you have managed to save or what your monthly income is, an unexpected event can burn a huge hole in your pocket or can simply jeopardize your family’s financial future.