Your insurance needs will depend completely on the size and nature of your
business. If you're a small sole proprietorship, you may only need health
insurance for you and your spouse. But if you start a corporation with
employees, machinery, and inventory, you'll need to consider much more
coverage. Consult a professional to determine what your needs are.
For more information about insurance for small businesses, visit the
Insurance Information Institute.
One rule of thumb when deciding on a policy: shop around. When it comes to
small businesses, different insurers can charge very different premiums within
the same industry. It all depends on how many claims that individual insurance
company has had to pay to companies within the industry.
Here are some types of insurance to consider.
Employee health and life