That depends on the kind of business you engage in. All business need
basic liability to protect them against acts of owners or employees for
which the business might be considered legally liable. Professional
service providers soften need special liability protection. Examples
might be professional liability protection for lawyers, doctors,
architects or software designers. Another example are businesses that
manufacture or distribute a product; they typically need product
liability protection. It's always a good idea to review the kinds of
liability exposures your business might have when updating or
initiating an insurance program.
Businesses that own autos or use non-owned autos in the conduct of their business will probably need a business auto policy.
All
businesses have property which can be divided up into several
categories: office or other equipment, inventory, real property, etc.
and it is a good idea to think about your ability to replace any
damaged or lost property in these categories. If the possible amount of
loss exceeds your comfort level then insurance might be a good
altenative.
You need to think about how long you could afford to be
out of business. Insurance, known as business interruption insurance,
can pay suppliers, salaries and other costs you might incur even if
your business income were to be interrupted by a covered cause of loss.
