As a business owner, there are an extremely wide array of commercial insurance options available to you. Selecting the right policy or policies will depend on the specific nature of your business and on your personal objectives. Below we have listed some of the most popular commercial insurance options.
Commercial auto insurance protects businesses that use vehicles for work purposes, covering accidents, property damage, and liability costs. This coverage helps pay for repairs, medical expenses, and legal fees if your business vehicle is involved in an accident.
It also offers protection against theft, vandalism, and uninsured motorists. If your business relies on vehicles for deliveries, client visits, or transporting goods, commercial auto insurance is essential.
Commercial General Liability (CGL) insurance safeguards your business from financial losses due to third-party bodily injury, property damage, and advertising-related claims. Whether a customer slips and falls at your storefront, a lawsuit arises from a marketing campaign, or any number of other unforeseen events occur, a CGL can help cover legal fees, medical expenses, and settlements.
It’s a foundational policy for businesses of all sizes, providing essential protection against everyday risks that could otherwise result in costly claims or legal battles.
Commercial property insurance protects your business’s physical assets, including buildings, equipment, inventory, and furniture, against damage from fire, theft, vandalism, and natural disasters.
Commercial property insurance can also cover business interruption costs, helping you stay afloat while repairs are made. For any business with valuable physical assets, this is a crucial investment in long-term security.
Workers’ compensation insurance provides financial protection for employees injured on the job, covering medical expenses, lost wages, and rehabilitation costs. It also helps businesses comply with legal requirements and avoid costly lawsuits.
Whether your employees work in an office, on a construction site, or in a warehouse, accidents can happen. This coverage ensures that injured workers receive the care they need while protecting your business from potential legal and financial risks.
A Business Owner’s Policy (BOP) combines essential coverages—such as general liability and commercial property insurance—into one cost-effective package. Designed for small and medium-sized businesses, a BOP protects against property damage, lawsuits, and business interruptions.
BOPs are an efficient way to secure comprehensive coverage without purchasing multiple policies separately. For many different business types, a BOP simplifies insurance management while offering strong financial protection against common business risks.
