If you’re a creative agency owner or key decision-maker, you’ve got to ensure that your company is protected financially from the many types of business risks you face. There are several steps you should take, but perhaps the most important is obtaining insurance.

General liability insurance is coverage that protects your business from the costs of lawsuits filed against it by customers, clients, and other third parties. Because it’s common for companies to be sued, every business should learn about general liability insurance and consider purchasing a policy.

If you own properties (other than your primary residence) that you rent out to residents or occupants, that business, like all businesses, comes with risks. Consequently, having insurance for landlords is essential.

One of the most important types of insurance a small business can have is workers’ compensation (also called workers’ comp or workman’s comp). That’s because workers’ comp covers medical bills and lost wages for employees who are hurt in on-the-job accidents—and incidents can and do occur in any type of setting in every industry. Workers’ comp coverage benefits the employee, of course, but also the company since assisting employees with their healthcare expenses builds goodwill and helps the employee return to work sooner.

If you own a restaurant, it’s crucial to have restaurant business insurance. That’s a term encompassing multiple policies, each designed to cover a particular type of risk.

Bakery insurance (sometimes called insurance for bakers or bakery cover) is a term for the various types of small business insurance that a bakery might need. Rather than one policy to cover all risks, bakers purchase different policies to protect themselves financially from the types of incidents they’re most likely to encounter.

Technology companies and information technology (IT) professionals are more important than ever in today’s digital world. However, there are many business risks associated with their work. That’s why insurance for tech companies and IT pros is essential.

Lawyers and law firms face many types of risks. These include being sued for alleged mistakes, damage to an office or other business property, bodily injuries to clients and other office visitors, etc. Consequently, business insurance for lawyers is essential. It can cover a wide variety of claims, so you or your firm doesn’t have to pay them out of pocket.

From lawsuits to property damage, costly incidents can occur at any time. Fortunately, you can protect yourself financially by having consulting business insurance. “Consulting business insurance” is a term that encompasses several different types of small business insurance. Policies exist to cover different kinds of incidents. That way, you can purchase the coverage you need without paying for coverage you don’t.