The importance of business insurance (ow.ly/​4aJUP ) is often forgotten by new business owners. Many start-ups don’t feel like they can justify the cost. But it really is vital that your business is properly insured. It will give you much-needed peace of mind – and, more importantly, it will help you to persuade potential clients that your business is trust-worthy. There are three particularly common types of business insurance. Professional Indemnity insurance offers protection against situations in which you make a mistake in your work, or you are negligent in the advice that you give to a client. If the client suffers financial loss, you will be faced with a claim for compensation – and claims of this sort are often large enough to cripple a business. Professional Indemnity insurance can cover these costs, and help to keep your business stable. Public Liability Insurance is equally important. If your business comes into contact with a member of the public, or a customer or supplier, Public Liability Insurance is vital. It will help to cover you against claims arising from an accident that causes injury to a third party, or damage to their property. Finally, Employers’ Liability Insurance protects you against compensation claims arising from an injury or illness sustained by an employee during the course of their work. Again, claims of this sort can be financially devastating, so it is important that you are covered. Even more importantly, Employers’ Liability Insurance …