Financial Coverage as Small Business Owner

I have had discussions with 2 separate small business owners in the last week that do not have health insurance. Each says the same thing “I am healthy and that I’ll pay cash price if needed”. The two business owners are in similar situations, employing around 5 employees and having your typical business expenses. I try to explain to these individuals the risk they are taking by not simply having health insurance. A car accident, falling off a ladder, small surgery, serious illness could bankrupt their business. And is that worth simply paying around $400 a month for high deductible plan.

Mainly wanted to vent, but what are other coverages you believe are a must for small business owner?

Thanks.