The most common types include: General Liability Insurance, Professional Liability Insurance, Commercial Auto Insurance, Employers Liability Insurance
This will cover your business in case any damages resulting from injury or loss are levied against your company.
This will cover for repairs or replacements to any damaged or stolen property, as well as to any damages to buildings or land that the company owns.
Yes, business insurance is tax deductible in almost every scenario, though there may be some cases where this does not apply.