There is no single policy that protects against all business risks. Different types of business insurance protect against customer injuries, property damage, cyber attacks and other threats to your business. Commercial insurance coverage protects companies from losses due to events that may occur during the normal course of the business. There are many types of insurance for businesses, including coverage for property damage, legal liability, and employee-related risks.
Professional liability insurance insures against negligence claims that result from errors or lack of performance. Once you find the right policy for your business insurance needs, you can start covering it in less than 24 hours. Property insurance also protects against theft and theft, two of the most common small business claims. Your company may be responsible for accidents involving personal vehicles that are used for commercial purposes.
You can get a list of authorized agents in your state through your state's insurance department or the National Association of Insurance Commissioners. Many Insureon customers are eligible for a Business Owners (BOP) policy, which includes property insurance and general liability. Business interruption (or continuation) policies are a type of insurance that applies especially to companies that require a physical location to do business, such as retail stores or manufacturing facilities. For that reason, small business owners often purchase commercial property insurance, especially if they own specialized or valuable commercial properties.
The good news is that there are several business insurance policies that help manage the risks posed by customers and the public.