Review 13 Types of Insurance a Small Business Owner Should Have

Lexi managed to save the business. She realized that she needs to run the shop more as a business and less like a side interest.

She takes several actions:

1. She moves the shop to a more visible storefront on High Street in the Hamilton downtown business district;
2. She begins taking orders online (including having customers pay online);
3. She purchases a company car and begins delivering supplies; and
4. She reviews her insurance needs.

Considering her business operations, which five types of business policies should she purchase before all others? State your reasoning. Why? (Note that the Business Owner's Policy is not an acceptable answer here. It would be in real life, but not for the purposes of this assignment.)