What types of insurance policies should my business obtain to protect against liability claims?

As a lawyer, I would advise your business to obtain liability insurance, which is specifically designed to protect against liability claims. Liability insurance can help cover the costs associated with defending against lawsuits brought by third parties, as well as any settlements or judgments that may be awarded against your business.

There are several different types of liability insurance policies that your business may want to consider, depending on the nature of your business and the potential risks you face. These may include:

1. General liability insurance - this type of policy can provide coverage for a wide range of liability claims, including bodily injury, property damage, and advertising injury claims.
2. Professional liability insurance - also known as errors and omissions insurance, this type of policy is designed to protect businesses that provide professional services, such as doctors, lawyers, and accountants, against claims of negligence, errors, or omissions.
3. Product liability insurance - if your business manufactures or sells products, this type of policy can provide coverage for claims of injury or damage caused by your products.
4. Directors and officers liability insurance - this type of policy can protect the personal assets of your business's directors and officers in the event they are sued for alleged wrongful acts committed in the course of their duties.

It is important to review the terms and conditions of each policy carefully to ensure that it provides the appropriate level of coverage for your business's unique needs. Additionally, it may be necessary to obtain additional insurance coverage for specific risks or circumstances not covered by these policies.

Finally, it is important to note that insurance policies typically have limitations and exceptions to coverage. It is important to work with an experienced insurance broker or attorney to identify any potential gaps in coverage and take steps to address them, such as obtaining additional coverage or implementing risk management practices to reduce your business's exposure to liability.