One of the areas that the newbie business man often overlooks is the small matter of insurance.  You can imagine can’t you, that excitement of deciding your goods or services are now up to the quality that you want for your sales enterprise.  so you start that much prized business venture.  Let’s say you are a bakery, you have your kitchens and that side all sorted legally etc. and you are employing one person to help.  You are therefore an employer.  The minimum cover you need here is Employers’ liability insurance which covers you if an employee becomes ill or injured whilst working (for you).  This is a legal requirement.  Public liability insurance is needed to cover you in case your services or product causes injury or damage to a customer or someone who is not one of your employees.    Business contents insurance covers any equipment and tools you have against theft; fire or damage of other sorts.  It is also very advisable to check if your prospective policy covers for perishable stock such as food and ingredients.    Legal expenses cover would pay legal costs associated with your business.  Product liability insurnace is another very necessary one these days as it covers you if someone becomes ill or injured by a product you have supplied i.e. in food and drink.    Lastly, personal accident insurance protcts you or anyone you name in the policy in case of accident both in and out of working hours.