Small Business Insurance
What Is the Definition of Small Business Insurance?
Whether you work in retail, construction, or finance, most small business owners require small business insurance. It can help you protect the livelihood you’ve worked so hard to establish. The right small business insurance can help cover costly damage and lawsuits caused by:
Accidents
Natural catastrophes
Professional blunders
Workers’ compensation claims
More Details on Small Business Insurance
What Is the Purpose of Small Business Insurance?
Most states require small business owners to have insurance. Accidents can happen no matter how careful you are. When they do, having the right types of coverage can mean the difference between life and death. Learn more about the insurance requirements for small businesses.
What is Small Business Insurance?
There is no such thing as a one-size-fits-all small business insurance policy that covers all claims. The best small business liability insurance policy for one company may not be the best policy for yours. Because it includes liability and property coverage, many small business owners begin with a BOP. A BOP can help protect your company from the following threats:
Claims that it caused bodily harm or property damage to the property of others
Do I Need Small Business Insurance for my LLC? Damage to the owned or rented building and equipment used to operate Do I Need Small Business Insurance for my LLC?
Registering your company as a limited liability company (LLC) does not protect it from risks. Our LLC insurance was designed specifically for small business owners. It can help protect you from potentially devastating financial losses.
When Starting a Small Business, Do You Need Insurance?
When starting a small business, you may require three types of business insurance:
Insurance against general liability
Commercial property insurance
Business income protection insurance
Our BOP combines these three types of business insurance to make it easier to protect your business.
Income loss if you are unable to work due to covered property damage