Bangalore: Are you planning to start your own business? Starting a small business requires zeal, hard work, and commitment. It also involves proper planning, taking important financial decisions, obtaining a series of legal permissions and, most important, insurance policies. Risk is a part of every business, be it big or small. Before starting a new business make sure that you discuss business risks and the insurance coverage with your insurance agent. Here is a list of seven business insurance covers that will help your business from all possible risks, reports Chandralekha Mukerji of Economictimes.com.

1. Professional liability Insurance

Any professional firm for instance accountants, lawyers, consultants, notaries, hair salons, insurance agents, and technology providers can have professional liability insurance. This insurance is beneficial for businesses that provide professional services. Professional liability insurance, also known as Errors and Omissions insurance, protects your business against errors, malpractice, or negligence in the services that you provide to your customers. No other policy can provide you all the protection that professional liability insurance includes.

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