As a lawyer, I would recommend that businesses consider several types of insurance coverage to protect against liability claims:

1. General liability insurance:

   This type of insurance provides coverage for a business against claims of bodily injury, property damage, and personal injury that may occur on their premises or as a result of their products or services. General liability insurance is typically purchased by businesses that have direct contact with customers and/or provide products or services to the public.

2. Professional liability insurance:

   Also known as Errors and Omissions insurance, this type of policy provides coverage for businesses that provide professional services, such as lawyers, doctors, architects, or consultants. Professional liability insurance protects against claims of negligence, errors or omissions that may arise from the provision of these services.

3. Directors and officers liability insurance:

   This is a type of policy that provides coverage for board members and executives of a business against claims of wrongful acts that they may commit while performing their duties. This may include claims of breach of fiduciary duty, mismanagement or other acts of negligence.

4. Employment practices liability insurance:

   This type of policy provides coverage for businesses against claims of discrimination, harassment and wrongful termination that may be brought by current or former employees.

5. Cyber liability insurance:

   This policy provides coverage for businesses against claims arising from data breaches, cyber attacks or other events that may compromise sensitive customer or employee data.

It is important to note that each industry and business may have unique risks and exposures which may require specific types of coverage. Therefore, it is recommended that businesses consult with a licensed insurance agent or broker to assess their specific needs and coverage options.

Additionally, policies may have limitations or exceptions, such as exclusions for intentional acts, illegal conduct, or certain types of liability. Therefore, it is crucial that policies be read thoroughly and any potential limitations are understood.

In conclusion, purchasing insurance coverage provides businesses with valuable protection against liability claims. However, it is important to choose the right policies and understand the coverage they provide.