[header] How to calculate business liability insurance needs [title] Identify potential risks. [step] You should spend some time thinking about the risks your business is exposed to. For example, damage by fire, flooding, or theft are obvious risks. 
However, your business might also face other risks : [substeps] You might harm consumers. For example, your business might harm people physically (if you create products) or it may harm their reputations (if you publish information).