If you unexpectedly have to close your firm, what happens to your employees? With an unemployment insurance policy, they’ll receive a partial replacement of their earnings, allowing them to get back on their feet.
Unemployment insurance is mandatory for all businesses. It’s an employer-funded program required by both state and federal law, and it’s pretty hands-off. You’ll pay taxes towards your state’s unemployment fund, which pays benefits for eligible workers.
More Money Now for Protection in the Future
After examining this list, it’s easy to think about how the cost of insurance will impact your bottom line. Just remember that spending some money on insurance now may just save your firm in the future.
Although law firm insurance costs vary per plan and carrier, we guarantee that there’s no comparison between your monthly premium and the costs associated with being caught without a plan at all.
Thankfully, you don’t have to manage the insurance maze alone. There are insurance agents out there who are ready to answer your questions and provide you with a portfolio that fits your specific needs. All you have to do now is call.
Ok, let’s move onto taxes.