(The Network Journal) — Sufficient business insurance minimizes your risks as a small business owner in the event that you are sued. An adequate amount of insurance will also protect you during a natural disaster or in the event that someone slips, falls or gets injured on your property. Your state’s Department of Insurance sets minimum insurance levels that you are required to keep as a business owner. Limits, similar to state required auto liability insurance limits, are set in place to protect you and your customers. However, state required minimum insurance levels might not provide you enough coverage.
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