Running any business comes with risks. So it's important that you protect both your business and your personal assets. That protection, however, comes in many different forms, which can be confusing for any business owner. For instance, the form of doing business you choose, such as a corporation, partnership or sole proprietorship, can affect your protection and liability.

Of course, one very important tool for protecting your business is insurance. With insurance, comes a plethora of issues to consider: what type you need, the appropriate amount of coverage, and the deductible and the premium. Then there's the matter of which insurance company offers the best products for your particular business. In the beginning, you may need to consult several professionals, including a lawyer, accountant, banker and for assistance.

This guide helps you decide what types of insurance are best for your needs.