Business insurance helps you in case of damage to your property as well as liability claims. Without insurance you're paying out of your own pocket. Business insurance is the smartest purchase your company can make.
Three important reasons your business needs insurance:
1. Protect your business from liability claims. It's a no brainer. If someone slips and falls at your business location, you could face a claim that could potentially take out of business.
2. Insure your building property. Again, if there's a disaster, your building would be covered so you could recover in the event of a loss.
3. Insure your business personal property. If there is a disaster, your personal property & business equipment will be covered in the event of a loss.