---
title: What types of insurance do I need as a small business owner?
description: Legal Faqs answers all your queries about what types of insurance are necessary for small business owners. Learn what policies can protect your business and assets at Legal Faqs.
image: https://www.legalfaq.ai/hubfs/LegalFAQ/insurance-legal-faqs.jpg
---

[Skip to content](https://www.legalfaq.ai/faqs/what-types-of-insurance-do-i-need-as-a-small-business-owner#main-content)

[LegalFAQ.ai](https://www.legalfaq.ai/)

- [Home](https://www.legalfaq.ai)
- [Blog](https://www.legalfaq.ai/blog)
- [FAQ Library](https://www.legalfaq.ai/faqs/all)

Open main navigation

Close main navigation

- [Home](https://www.legalfaq.ai)
- [Blog](https://www.legalfaq.ai/blog)
- [FAQ Library](https://www.legalfaq.ai/faqs/all)
- [Ask a question](https://www.legalfaq.ai/ask)

[Ask a question](https://www.legalfaq.ai/ask)

[All posts](https://www.legalfaq.ai/faqs/all)

 March 31, 2023

# What types of insurance do I need as a small business owner?

![Picture of Chris Battis](https://www.legalfaq.ai/hs-fs/hubfs/battis-mug.jpg?width=50&name=battis-mug.jpg) By  [Chris Battis](https://www.legalfaq.ai/faqs/author/chris-battis)  ·   1 minute read

As a small business owner, it is important to protect your business from risks and liabilities by having certain types of insurance. While the specific types of insurance you need may vary depending on your business operations, here are some common types of insurance to consider:

1. General Liability Insurance: This type of insurance protects your business from claims of bodily injury, property damage, or advertising injury that may arise from your business operations. It covers legal costs, settlements, and judgments up to the limit of your policy.
2. Property Insurance: This type of insurance covers damage or loss to your business property, such as buildings, equipment, inventory, and supplies. It can provide coverage for events such as fire, theft, vandalism, or natural disasters.
3. Business Interruption Insurance: This type of insurance covers lost income and expenses if your business operations are interrupted due to a covered event, such as a fire or natural disaster.
4. Workers' Compensation Insurance: If you have employees, you may be required to have workers' compensation insurance to cover medical expenses and lost wages if an employee is injured on the job.
5. Professional Liability Insurance: If you provide professional services, such as accounting or legal services, you may need professional liability insurance to protect against claims of negligence or errors and omissions.
6. Cyber Liability Insurance: If your business stores sensitive information, such as personal or financial data, you may want to consider cyber liability insurance to protect against data breaches and cyber attacks.

It is important to note that the specific types of insurance your business needs may vary based on your industry, location, and size of your business. It is also important to review your insurance policies regularly to ensure you have adequate coverage for potential risks and liabilities.

In addition to having insurance, it is also important to have proper risk management practices in place, such as implementing safety procedures and having a crisis response plan. Working with an experienced insurance broker or attorney can help you identify potential risks and liabilities and develop a comprehensive insurance and risk management plan for your business.

Share: [facebook-f icon](http://www.facebook.com/share.php?u=https://www.legalfaq.ai/faqs/what-types-of-insurance-do-i-need-as-a-small-business-owner) [linkedin-in icon](http://www.linkedin.com/shareArticle?mini=true&url=https://www.legalfaq.ai/faqs/what-types-of-insurance-do-i-need-as-a-small-business-owner) [twitter icon](https://twitter.com/intent/tweet?url=https://www.legalfaq.ai/faqs/what-types-of-insurance-do-i-need-as-a-small-business-owner) [pinterest-p icon](http://pinterest.com/pin/create/link/?url=https://www.legalfaq.ai/faqs/what-types-of-insurance-do-i-need-as-a-small-business-owner) [envelope icon](mailto:?body=https://www.legalfaq.ai/faqs/what-types-of-insurance-do-i-need-as-a-small-business-owner)

## Related posts

[![](https://www.legalfaq.ai/hubfs/LegalFAQ/ohio-legal-faqs.jpg)](https://www.legalfaq.ai/faqs/what-legal-documents-do-i-need-to-start-a-small-business-in-ohio)

[Ohio](https://www.legalfaq.ai/faqs/tag/ohio)

### [What legal documents do I need to start a small business in Ohio?](https://www.legalfaq.ai/faqs/what-legal-documents-do-i-need-to-start-a-small-business-in-ohio)

[![](https://www.legalfaq.ai/hubfs/LegalFAQ/ohio-legal-faqs.jpg)](https://www.legalfaq.ai/faqs/what-legal-steps-should-i-take-as-a-small-business-owner-in-ohio-to-protect-against-liability-issues)

[Ohio](https://www.legalfaq.ai/faqs/tag/ohio)

### [What legal steps should I take as a small business owner in Ohio to protect against liability issues?](https://www.legalfaq.ai/faqs/what-legal-steps-should-i-take-as-a-small-business-owner-in-ohio-to-protect-against-liability-issues)

[![](https://www.legalfaq.ai/hubfs/LegalFAQ/insurance-legal-faqs.jpg)](https://www.legalfaq.ai/faqs/what-is-a-liability-insurance-and-why-do-i-need-it-for-my-business)

[Insurance Law](https://www.legalfaq.ai/faqs/tag/insurance-law)

### [What is a liability insurance and why do I need it for my business?](https://www.legalfaq.ai/faqs/what-is-a-liability-insurance-and-why-do-i-need-it-for-my-business)

```json
{
  "@context" : "https://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Chris Battis",
    "url" : "https://www.legalfaq.ai/faqs/author/chris-battis"
  },
  "datePublished" : "1970-01-01T00:00:00.000Z",
  "headline" : "What types of insurance do I need as a small business owner?",
  "image" : [ "https://www.legalfaq.ai/hubfs/LegalFAQ/insurance-legal-faqs.jpg" ],
  "mainEntityOfPage" : {
    "@id" : "https://www.legalfaq.ai/faqs/what-types-of-insurance-do-i-need-as-a-small-business-owner",
    "@type" : "WebPage"
  },
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject"
    },
    "name" : "LegalFAQ.ai"
  }
}
```

```json
{
  "@context" : "http://schema.org",
  "@type" : "Article",
  "author" : {
    "@type" : "Person",
    "name" : [ "Chris Battis" ],
    "url" : "https://www.legalfaq.ai/faqs/author/chris-battis"
  },
  "datePublished" : "1970-01-01T00:00:00+0000",
  "description" : "Legal Faqs answers all your queries about what types of insurance are necessary for small business owners. Learn what policies can protect your business and assets at Legal Faqs.",
  "headline" : "What types of insurance do I need as a small business owner?",
  "image" : "https://www.legalfaq.ai/hubfs/LegalFAQ/insurance-legal-faqs.jpg",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "url" : ""
    },
    "name" : "LegalFAQ.ai"
  },
  "url" : "https://www.legalfaq.ai/faqs/what-types-of-insurance-do-i-need-as-a-small-business-owner"
}
```