If you decide to form your business as a sole proprietor or a partnership you will be putting your personal assets at risk for your business activities. Try to find an insurance professional that can work with you for all areas of coverage. Expertise as well as policy coverage at time of loss are valuable.
Insurance is a way to transfer risk of loss to the insurance company.
In some cases you might decide to retain the risk or self-insure your risk. You should consider additional ways to control loss through safety training and awareness programs. Be sure to get advice from the resources listed in this document, your accountant or an attorney about this important matter. Install safety devices, train staff. Obtain certificates of insurance from contract workers.