Anyone who has an item or service to sell can say they are in business.  Once the items sold or the services multiply, then they become a real business – be it as a sole trader or a huge conglomerate.  Business is Business.   One everyday item that so many traders and businessmen overlook is insurance.  For some, this happens because they are just so busy getting their product out to the buyers, they just don’t see the extent of protection a good business insurance can provide.   For many folk the jargon and paperwork is all too complicated for them to look at and they soon become overwhelmed and never make any decisions.  Once you realise you fit into one of these categories, then learning about the benefits of business insurance cover will probably help to make the rest of the jargon seem easier to digest – safeguarding your company, your asset, should be paramount.   Some business insurance will be compulsory – but for the non-compulsory, it will rest on which section your operation falls under to determine what risks it could come with.  Something to be considered for sure is the typical size of possible claims.  It will harm  your business in the future if you are not adequately covered if something catestrophic happens.  In many circumstanes, operating without business insurance is illegal.  Advice from a business federation or association can often help you to identify your needs.