Whenever you start a business, you need to make sure you have proper insurances in place to cover the risks.
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Many of our clients in China, Hong Kong, and Singapore have difficulty understanding the difference between product liability and product recall. These are two very different insurances meant for covering specific risks. Let’s take a look.
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It’s a fact that insurance and business growth are closely associated. However, the topic of insurance for startups or small business owners in Singapore, Hong Kong or China always brings conflicted interest.
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All businesses open to customers or to the general public should be aware of risks and find ways to reduce public liability claims.
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