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Liability and Workmans comp insurance usually represents 5% to 10% of overall bid. Any time a company doesn't carry workmans comp and general liability insurance they shave another 5% to 10% over the price. Just because they say they carry the insurance plans are not acceptable. You better check make certain. Many companies say they carry it and please do not.
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Another example would be if you rent or lease your property. While you are renting several one of your employees puts a lit cigarette in the garbage can causing the total office building to burn down. In the event it happened your commercial insurance would protect you.
It is to smart to chat to an expert insurance agent before purchasing insurance. Make sure that understand and are snug with your policy a person decide to sign any thing. Always read fresh policy in it's whole. This will save you a associated with money in the event on a lawsuit.