Your first line of defense is a solid insurance policy with appropriate coverage, which will both pay a claim and defend you against any liability exposures.
Liability exposures have many sources. The vast majority deal with bodily injury or property damage that may be caused by your company operations or the products you produce or sell.
You also want to protect your own property, including buildings, contents, inventory and mobile equipment. Other special forms of property include money, property of others, electronic data processing equipment, data and employee property, such as tools. Most property exposures can be covered by insurance.