Business owners should be aware of all of the different types of insurance coverage they may need. General liability insurance is important in the event that someone is injured while on your premises. If you are a professional, such as a physician, lawyer or other type of professional, you may also require professional liability insurance to protect you in the event you are sued. Additional protection for your business may include fire and theft insurance. Finally, if you have any employees, all states require that you carry workers' compensation insurance to protect your workers in the event they are injured while working on the job.
