Securing the right types of insurance for your small business is crucial to protect your venture from various risks. Several key insurance policies are recommended.

1. Public Liability Insurance: This covers legal costs and compensation if a third party gets injured or their property is damaged due to your business activities.
2. Employers' Liability Insurance: If you have employees, this is mandatory. It covers compensation claims if employees get injured or fall ill while working.
3. Professional Indemnity Insurance: If your business provides advice or services, this covers you against claims of negligence or mistakes in your work.
4. Product Liability Insurance: If your business manufactures or sells products, this insurance provides coverage in case your products cause harm or damage.
5. Business Property Insurance: This covers your physical assets like buildings, equipment, and inventory against events like fire, theft, or vandalism.
6. Cyber Liability Insurance: In today's digital age, this protects your business from cyber-attacks and data breaches.

It's advisable to consult with an insurance professional to tailor coverage to your unique circumstances.

Original Source: https://www.quora.com/What-types-of-insurance-do-you-need-for-your-small-business/answer/Ranjit-Singh-3890