I would agree, general liability insurance is a must. However, I would speak
with your insurance agent to determine what else you may need. Will you have
employees? Are you setting up a brick-and-mortar office? Are you the sole
owner, or will it be a partnership? Think through all of these questions and
then speak with a reputable insurance agent to determine the coverage that
best fits your needs.

I am a small business owner myself, and I know starting out can be tough. Use
your friends and mentors when you have questions. There are a ton of people
who have already worked through issues you may face as a new business owner,
and they can help you avoid some of the pitfalls that many new business
owners face.

Terrence, When starting a new business General Liability Insurance is a must
have. It is very important to make sure your business is properly protected.
When looking into General Liability Insurance it is important to find out
what it doesn't cover. The two coverages that are overlooked are Professional
Services and Employee Injury. You might also want to look into Professional
Liability Insurance and Workers Compensation Insurance depending on what type
of business you are starting.

If you are looking to create a website or other marketing materials inhouse
or outsource I would highly recommend also purchasing intellectual property
insurance since the company I work for hired a company to build their website
and a few month later an image provider sent them a letter for using a
copyrighted image without buying a license for it. The web company that
developed the site dissapeared and the insurance company had to pay over
$1000 to settle the claim.

You need General Liabilty coverage for your business. Your rates depend on
experience and type of exposure. I would contact the agent you have your home
and auto with. And ask suggestions for the type of business you are starting
and where you should go to get it.

Hi JGabriel, We are also starting a new business and we are new to the US way
of things, the link was a real help, thank you.

Hi Terrence, check out this blog on General Business Liability Insurance to see if it's right for you.