6. INSURANCE IMPORTANT FOR BUSINESS: Someone who knows how you do business, where, why and what you do can help you be protected properly in case of emergencies. If you’re creating products and selling to customers, you’ll want to look into liability insurance. If you are working in a physical plant or location you own or lease, or you have equipment that is expensive, property insurance is appropriate. Then there are your employees – you’ll want to look into workers compensation rules at a minimum. And health insurance is important to many employers and employees.