Do you think it's useful for all employees to understand business law?

That's a tough question. Business law and other areas of the law are very complicated. Attorney's spend years learning about the various areas of the law and stay updated on recent changes. It would be difficult for employees to understand business law if it is not a part of their daily responsibility.   

No it's not necessary for employees. It's important for the business owner to have a general understanding of business law, but even more important for them to have access to affordable, convenient, and competent legal counsel. Employees need that access too!

Yes it is important for employees to understand what types of law they are investing in. 

LegalShield offers employees the knowledge as far as a membership what different types of law they may have issues with. This is part of what kinds of business law the law firm have to help all employees. 

No. It would be useful for them to have access to affordable legal counsel.

Depends upon your business,but in my experience employees who understand the significance of their roles make less errors and take more ownership and pride in what they do.

I think it is useful to have a basic understanding of business law, but it can be an encompassing topic and may not be applicable to an employee's position.  Employees need to be informed regarding their rights and respective legal obligations regarding their position responsibilities (i.e., manager, bookkeeper, driver, etc.). A lack of knowledge pertaining to their personal liability and result in serious complications for themselves and their employers.

Ideally, it may be desirable for employees to have a basic understanding of business law as a context in which they make decisions affecting the business.  This seems impractical for most businesses.  That being said, managers, many supervisors, and the businesses that employ them would definitely benefit from their basic understanding of business law that impacts the business.

It is my humble opinion that all people - not just employees - should find some form of usefulness in knowing and understanding business law. Simply put, over the course of 30 years in the legal business, I have found a large majority of business managers or owners (here in L.A.) tend to take advantage - however slight - of any person who does not know as much as the manager or owner does within a specific area or industry. I say this in light of the fact I assist most business owners and not employees. This is why the phrase "Ignorantia juris non excusat," which roughly translates to "Ignorance of the law excuses not" has been around for a millennium or more. This tenent (or doctrine) of law applies to both criminal and civil matters.

I would have to say "NO." Also, I have read over some of the answers posted and a few of them keep referring to attorneys. There is a big difference between the overview of what is taught in "business law" and the legality and application of a "JD Degree" as held by an attorney.

I would highly recommend that any individual who owns or who is considering operating their own business to take a "business law" course.

Just to refresh, a basic "business law" course basically covers:

            the legal system and how it can influence the way a business is structured and operated

            Contracts and sales

            Contemporary workplace issues 

           Intellectual property laws 

            Real estate laws 

            Business ethics and corporate responsibility 

            Labor and employment laws 

These are the subjects that I would strongly advise any individual who is considering opening or starting their own business to take and have at least a basic awareness of.

No, but they should understand their rights as employees (employment law).