Business Insurance

How to Start a Business stresses the importance of having business insurance. A small business requires at least a minimal level of business insurance to protect against business risks to which all organizations are, to some extent, vulnerable. The types of business insurance that an organization may require vary by its activities, revenues, size of workforce, risk experience, and other factors.

business insurance is a very specialized field. Consult with a business insurance agent or business insurance broker about what types of business insurance are right for you and the costs involved.
Six broad areas of exposure include:

• Liability business insurance
• Automobile business insurance
• Worker's Compensation business insurance
• Crime Insurance business insurance
• Directors and Officers business insurance
• Personal or Real Property business insurance

When you start your own business, you should take the time to assess whether your organization may have exposure in any of the above areas. At a minimum, almost all organizations will require commercial general liability business insurance coverage, which provides coverage for negligent acts performed by the organization or its employees.

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