What are the compliance requirements for small business insurance?

By
David Senawi
Compliance
2
min read
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Small businesses must adhere to specific insurance compliance requirements, which vary based on location, industry, and business size. These may include workers' compensation insurance, general liability insurance, and commercial property insurance. Understanding and maintaining compliance with these requirements is essential to avoid legal issues and financial penalties. It is also crucial to stay updated on changes in insurance laws that could affect your business.

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BOI Compliance, LLC (“BOI Comp”) is not affiliated with the US Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) directly. FinCEN permits third-party service providers to assist business owners in submitting reports through FinCEN’s BOI E-filing website or an Application Programming Interface. Once BOI Comp submits your report to FinCEN, you will receive confirmation. FinCEN does not charge a fee if you wish to navigate the government’s reporting application process yourself and submit your company’s BOI report directly to FinCEN.