Liability wise 100%! Our claims have been for a hairdresser burning someone’s scalp - $125,000. A slip and fall at a rental property - $50,000 paid. A gas company meter reader falling down basement stairs at a landlord’s property - $75,000. A broken tooth at a restaurant - $14,000 paid out. Would you want to pay these in cash if they were your business without insurance? Actual claims paid through my insurance agency.
I would not own a business without business insurance.