Research, identify, and describe appropriate insurance plans for your small business by discussing the following. Note that I am not referring to employee insurance here, I'm referring to business insurance policies.

1. Describe the type/types of policy/policies that may be considered a "must" for all small businesses.Note that if you plan to get a business loan, such policies may be required.
2. Describe any company-specific risks a small company such as yours needs to mitigate.Would such risks be covered with the policy/policies discussed in #1?
3. While considering the coverage needs for your small business, research the cost of insurance and share your findings.This cost of insurance is generally paid annually and will become an expense on your company's projected income statement.