With so many kinds of insurance policies available, a new business owner can get overwhelmed. Here is a primer on business insurance to help orient you. Keep in mind that securing policies through the same company could lead to insurance discounts that make a difference, and that premiums are tax deductible as a legitimate business expense. In a nutshell, business insurance policies exist to cover one or more of these things: property, liability, people or income. For true peace of mind, you will want to have all these bases covered, since serious issues with regard to just one of these factors could wipe out your business overnight.