Should I insure my small business against computer damage and data risks?

You could potentially purchase insurance to cover you against computer damage and other data risks, but it may not necessarily be your best course of action. In general, it is more cost effective to use foresight and prevention to avoid any problems with your computers. For example, you can generally subscribe to an online service that backs up all of your data for a nominal fee every year. This way, if your computers or hard drives are damaged, you can easily gain access to the information that you had. If your computers are damaged, buying new ones may be cheaper.