Insurance Agents and Brokers hold positions of great responsibility. The public and businesses look to insurance agency and brokers for accurate, reliable information on how to get solid, trustworthy risk protection. Accordingly, states regulate the insurance industry and require firms to register and in some cases, obtain several regulatory licenses.
Although most of Malibu is an independent, incorporated city, it leaves most of its licensing and regulation to the County of Los Angeles. The county does not have a general business license, but requires special licenses for more than 110 different lines of business. Entrepreneurs must comply with all applicable county regulations which may require several licenses and a combination of fees. Although Malibu is largely a very pretty bedroom community, it is home to HRL Laboratories, the research arm of the former Hughes Aircraft Company. Additionally, Pepperdine University's main campus adjacent to Malibu Canyon overlooks the ocean. Most of Maibu's business community is composed of small, independent retail businesses.