Your business will require general commercial insurance that is inexpensive, and errors and omissions (malpractice or professional liability insurance). Errors and omissions insurance can be costly. As an independent consultant or contractor, you will need to get your own health insurance. It will cost more for individual health insurance than group insurance you may have had when working in someone else’s business.
Some people deal with this by using a higher deductible. Visit eHealthInsurance to get an idea of health insurance costs. You can enter your date of birth, the state where you live, and other information about the insurance you are seeking to get instant quotes. Through this you can, for example, get an idea of medical, dental, and vision insurance for yourself, your spouse, partner or family. The quotes cover a number of insurance providers.
You may also consider getting your own life insurance. Term life insurance is relatively inexpensive.