Business Insurance Policies

State Specific Info: Always review what's mandatory for your specific state. Whether you operate your business in one or multiple states, it's important to determine what's required, prior to getting business insurance.

Industry Specific Coverage: Some companies may require coverage that is industry specific. The agent you work with, will likely be already familiar with determining which policy types you will need. Get educated, no matter the industry you're in.

Home-Business Insurance: This type of insurance is great  for home-based entrepreneurs to prevent the risk of a large financial loss. Things like lawsuits, theft,  loss of inventory, or property damage, can wipe you out without warning.

Business Owners Policy (BOP): BOP is one of the most common business insurance policies for small to medium-sized businesses. This enhanced policy bundles general liability insurance, and commercial property insurance. The protection covers liability claims made against your company, and risks towards any of your physical assets.

General Liability Insurance: This is Insurance to protect your business from becoming liable against lawsuits. If someone tries to file a claim for negligence due to a personal injury or property damage, this is the type of insurance you'll want to have.

Commercial Property Insurance: This type of business insurance is used to cover a company's physical commercial assets.  Having this type of coverage removes or lowers your risks towards your property, ensuring that it's either repaired or replaced. ie:  Real estate, Machinery, Inventory, Equipment, and More

Workers Comp Insurance: If operating a business with employees, you will likely need this type of insurance. In the event of any work-related injury or illness, it's purpose is intended to cover things like: medical expenses, lost wages, physical therapy, and more. This insurance is mandatory in many states, and prevents lawsuits in most cases.

Unemployment Insurance: This type of insurance is for businesses with employees, and is used to  help  provide financial assistance to anyone who files for unemployment. The money is automatically deducted  through payroll taxes.

Disability Insurance: This insurance is designed to replace the loss of income in the event someone becomes disabled for a period of time. If you have a high annual income that your household relies on, don't hesitate to consider getting this insurance.

Management Liability Insurance: This form of coverage is used to shield both the company and high-level managers from the costs associated with legal defense during a lawsuit. These are your directors, officers, and other positions that are at or near the executive management level.

Commercial Auto Insurance: If your company owns vehicles that are used for business purposes, you will need to ensure they are covered with this type of insurance. Coverage may include various expenses, resulting from a liable or non-liable accident, in which your vehicle was involved.

Key Employee Insurance: A type of life insurance used to cover the most important people running your company. This is anyone who makes such an impact,  it's possible the company may fail without their leadership. Very common for large-scale operations, and the funds are used to attract new talent to fill that key role.

Professional Liability Insurance: This policy type is commonly known as Errors and Omissions (E&O) or Idemnity Insurance, and is used to protect companies that offer professional services, in the event of claims filed for negligence.

Product Liability Insurance: If you offer a product of any sort, you should consider getting this insurance. It offers protection against legal claims made against your company. More specifically, you'll have that needed coverage should somebody decide to sue you for your product being the cause of personal injury or property damage.

Employee Benefits Liability: This policy type is commonly referred to as (EBL) Employee Benefits Liability Insurance, and is used to  protect the business in the event of claims made for negligence involving the Employee Benefits Program.

Business Interruption Insurance: If you experience a catastrophic loss which causes your business to shut down for a period of time, you'll be glad to have this type of business insurance. It replaces any lost income, and covers your normal operating expenses.

Cyber Liability Insurance: This type of insurance protects your business from most computer or internet related crimes and losses. Some of the most common dangers are things like data breaches, malicious cyber attacks, cyber extortion, and more.

Employment Practices Liability (EPLI): If you have employees, you'll want this insurance. This coverage helps to protect your business from costly litigation claims made by anyone you employ. These claims fall into the category of lawsuits involving alleged wrongful acts or serious violation of employee rights.

Short-Term Liability Insurance: This type of insurance covers seasonal businesses, and one-time special events. The time period covered is short in duration, ranging from hours, to days, weeks, or months; and protects from claims for bodily injury or property damage.

Bond Insurance: This type of insurance is offered to businesses or professionals which requires them to operate within the licensing laws and regulations of their industry. It acts as an extra layer of added security to supplement your coverage, in the event a claim is made for failure to perform within those guidelines.

Crime Insurance Coverage: This type of business insurance is used to cover losses in the event you experience crimes against your company.  The criminal acts are  intentional, from internal or external sources, and range in the various types, ie:  employee dishonesty, embezzlement, theft,  vandalism, forgery, fraud, and more.

Environmental Liability Coverage: Also known as pollution liability insurance, this coverage helps to protect companies where there's potetial risk for incidents involving toxic environmental exposures. Policies may include coverage for claims involving bodily injury, property damage, or cost cleanup.

Equipment Breakdown Insurance: Used to cover the financial loss for repairing or replacement of equipment that is not working due to electrical or mechanical malfunction or damage. If you have equipment, you'll be glad to had this coverage.

Miscellaneous Insurance Coverage: If searching for business insurance that  does not fall into one of the other categories, it is likely listed on this page. The types of policies covered or not common, nor industry-specific.