Insuring your success C utting corners isn't a good policy for business, and certainly not when it comes to insurance, especially for start-ups. Not having the right policy could put paid to your plans before they've even got off the ground. Getting to grips with the intricacies of insurance cover can seem daunting, but it's worth doing this in the initial stages of your business development. Not only will it spare you any nasty shocks down the line, it will also allow you to integrate the costs into your business plan. With such a vast array of cover and packages to choose from, start by 108 prioritising your company's needs. Understanding the risks your business could face is essential. Demonstrating that you're aware of these is also something that will make your enterprise more attractive to potential investors and lenders. It's a good idea to contact several insurance companies when you are setting up your business. They will be able to give you some insight as to the risks your business could face - issues that may well influence your choice of commercial premises, for example. Give yourself time to search for the right policies, too. Rushing the process means you may not get the best deals. GO COMPARE The internet is an indispensable resource for hunting down the best insurance deal. There is a multitude of comparison sites to help you research your options. Moneysupermarket.com, for example, has a helpful guide to start-up business insurance. Important factors to consider include: ■ Can you increase your cover as and when your business grows? WORDS: TRISH LESSLIE | PHOTOGRAPHY: SHUTTERSTOCK Not getting the right insurance cover for your business could be a costly mistake. Here's all you need to know for full protectionhttp://www.Moneysupermarket.com