Some forms of commercial insurance are mandatory, with high penalties if you are found to be without them. Others are just smart to have. Some will be irrelevant to your business. The trick is knowing which is which.

It’s a fair bet to say that you will need some commercial insurance as a business owner. However, you will need to establish 1) What you don’t have any choice about, 2) What you really ought to have, 3) What it might be nice to have but you can manage without, and 4) What is unnecessary.