Starting a Business in Berlin

76 77 Starting a Business in Berlin A Beginner’s Guide CHAPTER 7 When you become self-employed, you leave behind the soci- al network you experienced as an employee. This is why you should waste no time in ensuring that you have personal and social protection. But don’t forget that there may be unfore- seeable events ahead for your business, too. This is why it is also advisable to insure against incidents that might damage your business. The type and level of cover you should purchase will depend on your personal and business circumstances. Take an objective look at your actual insuran- ce needs, and beware of underinsuring, or you may find that you are paid nothing at all if you do claim. The most im- portant thing is to cover the greatest risks first, and to avoid double insurance. What sort of insurance do I need?