Business Tools Downloadable checklists, model business plans, forms and other documents. Our small business online advice columnist. A tornado may drop a bag of money on your driveway, although it's more likely to drop a tree limb on your roof. As a business owner, you're going to have to weigh the cost of insuring against a variety of risks against the economic impact of an uninsured loss.
Insurance premiums can make a substantial dent in any business's budget.
Insurance takes on a new dimension of importance when you go into business. Determine which types of insurance you need. To avoid spending money on coverage you don't need, we suggest that you review the various types of insurance customarily available to small businesses. Then evaluate which of these types of coverage you can, and cannot, live without. Determine how much protection you need.