Before you open your business, it is imperative that you have the proper coverage. A single lawsuit or catastrophic event can easily wipe out a company before it has a chance to get off the ground. That being said, there are many types of insurance out there, and some policies can be extraordinarily expensive. Therefore, it is critical that your company is prepared for any risks you may face and have the insurance to cover those risks.The following insurance types are among the most-often needed for practically every business, no matter how big or small.