Even if you are just getting your business started, you are a candidate for small business owner insurance. This is because there is a chance that you could suffer a loss right with the first day of business! No insurance company will be able to help you if you are uncovered and the damage has already been done. Therefore, you must be prepared for all risks that are inherent in any small business, and the sometimes catastrophic losses these unforeseen events can cause.
In addition, several states and local jurisdictions require that business of all sizes and types be insured in order to begin operating. Also, if you lease space for your business, your landlord most likely requires that you be adequately covered with small business owner insurance as well.