There are certain insurance types that any business owner is required, by law, to obtain. These include:
UIF: the Unemployment Insurance Fund is for every employee that works for a business. Although this usually comes out of the employees’ wages, business owners must make sure that it is paid to the correct channels.
Workmans Compensation: This covers anyone working for the business against death or disability occurring in the workplace.
Public Liability: As mentioned above, this cover businesses against claims by any third party.