What’s Business Insurance?
Business insurance keeps your business rolling smoothly and minimizes your financial exposure through ensuring your firm and employees are properly covered. Purchasing the right types of business insurance could help protect your company’s assets against damage and legal claims. Check out our choices for the best insurance coverage for small business owners.
Why Small Business Owners Need It?
Certain business insurances are required by law. You should check yours on our state business requirement page.
You might find it easier when raising money from investors, getting a business loan, or connecting with a business partner if you have basic business insurance like commercial general liability insurance.
Small businesses can be fragile and may need a bit more protection in efforts to help them grow steadily.
Best Insurance for Small Business Owners
As a small business owner, purchasing business insurance looks like a confusing and daunting process to go through. There are many types of small business insurance on the market for you to pick up.
- General liability insurance
- Workers compensation insurance
- Directors and officers insurance
- Errors and Omissions insurance
- Disability insurance
- Commercial property insurance
- Commercial vehicles insurance
- Commercial umbrella insurance
- Group health insurance
However, if you are just starting out and want comprehensive, basic insurance coverage; we recommend business owners policy insurance (also known as BOP). It covers property and liability losses from unexpected risks, and allows business owners to focus on the expected challenges and rewards of running their small business. BOPs also cover business interruptions costs.