If you are not covered by insurance that protects you from claims made against the work you do, then you are leaving yourself open for a lawsuit. If you think having insurance just gives someone access to the deep pockets of your insurance carrier, think again. Without insurance you can be personally sued for future earnings, and anything you might own. Although you may be innocent, you may still be put out of business. If you do not have the proper legal assistance to fight a claim, or the reserves to pay a successful claim, you are very vulnerable.
Insurance is protection against both false and real claims.
If you rent, lease or are paying for space in a building, you can be held liable for accidents or damage even if your landlord has premises liability insurance. If you are working out of your home, you are liable for damages if someone falls going to or coming from your house or apartment. If someone is bitten by a dog or scratched by a cat while at your place of business, even if it isn't yours, your are liable. Insurance protects you in case someone is injured. Insurance protects your peace of mind.