You can't insure against failure, but there are insurance policies for almost every other eventuality from accidentally killing a customer to a supplier accidentally killing you. How do you decide which risks you can live with, and what cover you can't live without?
WHAT'S COMPULSORY? Under UK law, you must have employers' liability cover; you also need third party insurance on any vehicles you put on the road.
THINK ARMAGEDDON. 'First think of those risks which would wipe out your business,' says Joe Clowes, regional chief executive for broker Marsh.