Every business needs insurance. The types of insurance coverage you need and the amounts of coverage will vary depending on the type of business, the size of the business and the amount of risk the business is willing to assume. If your business provides personal services or if you are operating the business without a corporate structure, you must consider your personal risks as well. You may want to work with an insurance professional to make sure you have the protection you need.
Here are seven types of insurance—along with their corresponding issues—that you may want to consider.