What insurance policy should I choose for my small business with a single employee?

I totally understand your concerns about finding the right insurance policy for your small business. As a home-based business with only one employee, you're right to worry about over-insuring yourself. From what you've told me, I think a basic liability insurance policy would be a good starting point. This type of policy would protect you and your business in case someone gets injured or their property is damaged as a result of your business operations.

When it comes to choosing the right policy coverage and limits, I'd recommend considering the specific risks associated with your business. For example, if you're working with clients in your home, you may want to consider a policy that covers accidents or injuries on your premises. It's also a good idea to think about the value of your business assets, such as equipment or inventory, and make sure you have enough coverage to replace them if they're lost or damaged.

I'm not sure that business continuity insurance or cyber insurance would be necessary for a small business like yours, at least not right away. However, it's definitely worth considering these options if you rely heavily on technology or have a lot of sensitive customer data. You may also want to look into other types of insurance, such as business interruption insurance, which could help you cover expenses if you're unable to operate your business due to unforeseen circumstances.

Ultimately, the best way to determine which insurance policy is right for your business is to shop around and compare different options. I'd recommend talking to a licensed insurance agent or broker who can help you assess your risks and find a policy that meets your needs. They can also help you navigate the process of applying for insurance and make sure you're getting the best possible rate. Good luck with your insurance search, and I hope you find a policy that gives you peace of mind and protects your business from potential risks.