Insurance is a fixed expense. Make wise choices before adding an additional expense to the business. Insurance is a complex and detailed subject. Seek out a reputable and qualified broker agent or consultant to explain insurance options. A qualified professional will recommend coverage options and help you avoid financial loss.
Insurance is a protection.
Evaluate what kind of protection and what level of insurance coverage is needed for your business. Before purchasing insurance, consider all the possible ways of holding down the costs. Maybe it's not reasonable to cover all perils. Cover the most risky and largest peril first, then work down your list of priorities. Don't get needless coverage, but don't try to save money by under-insuring or by not covering risks that could cause significant loss.