However, the minute you add an employee, get that in place--pronto!
Some states do allow you to "opt in" as a self-employed business person, but the rules about whether you can opt in vary from state to state.
A good business insurance broker should also be able to answer a lot of your questions about which insurances you need, what insurance limits you'd be wise to have, and what makes most sense for your particular industry in your state.
Nina L. Kaufman, Esq. is an award-winning New York City attorney, edutainer and author. Under her Ask The Business Lawyer brand, she reaches thousands of entrepreneurs and small business owners with her legal services, professional speaking, information products, and LexAppeal weekly ezine. She also writes the Making It Legal blog.