Just found out how to generate insert statements in SQL Server Management Studio 2008. I had done it before, but this will be as a reminder.

1. Right click on the database and go to Tasks -> Generate Scripts
2. Select the tables (or object) that you want to generate the script against.
3. Go to Set scripting options and click on the Advanced button.
4. In the General category, go to Type of data to script
5. There are 3 options: Schema Only, Data Only, and Schema and Data. Select the appropriate option and click on OK.