Business insurance, also called commercial insurance is an insurance policy that protects a business owner from any event that may cause disastrous consequences to the business, monetarily and/or physically.
The short answer is yes, you need small business insurance, basically any business insurance that will cover your business contents and operations. If you have employees you definitely need some sort of insurance, as you are required to pay into Workers Compensation.
Business insurance is vital in running a prosperous business. It protects the company or small business against risks that may arise, whether it be fire, accident or computer malfunctioning. Most small businesses don’t have adequate business and liability insurance coverage as they are not aware of the options available.