Here’s a tip for anyone hoping to start a startup: there are going to be all sorts of upfront costs, no matter what you do about it.

There will be required permits and paperwork. There could be computers, office equipment, and software subscriptions. There could be lease fees and payroll and more.

Of course, there are ways to save money, trim your budget, or defer some costs, but many financial experts say that you would be making a serious money mistake if you were to avoid getting business insurance.

Purchasing a policy is a smart thing to do – it protects you and your company from anything your employees due to any other actions related to your business.

For instance, a money mistake could be avoided if someone breaks into your new business and steals your computers. If you have business insurance, a claim can be filed and you’ll be back in business fairly quickly. If you don’t have insurance, you’ll have to replace these out of pocket and add more to your startup expenses.

The same would be true if an employee wrecked a company car and injured a client. Though your auto insurance would get involved and possibly his or her health insurance, business insurance can help with some of the company’s liability and any lost business due to this incident.

Even if you don’t know a lot about business insurance, it’s important to learn about it quickly, starting by getting quotes and learning what it can and can’t cover. For instance, some policies may cover actual equipment and property but others may cover cyber attacks too, a growing threat in the digital age. This means if you get hacked, your records taken, or worse, the financial information of any clients or customers, you may be eligible to receive some relief, and any money mistakes avoided.

Doing your homework also will give you time to find a broker. Maybe he or she is someone you’ve dealt with for other coverage, or maybe they are someone who specializes in this protection.

For more useful insurance strategies visit Green Leaf Capital.