There are many steps that you need to take if you are planning on opening a business. One of the steps that people sometimes overlook is creating a business action plan. This plan outlines some of the specifics of starting your business and helping it and yourself stay afloat while you are building it up.
When you think about those mandatory minimum coverage amounts, you can probably see why they might not be a good idea. Some catastrophic injuries, such as brain injuries or spinal cord injuries, can likely cost more than $25,000 just for the initial care, not to mention the long term care costs.