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Business Insurance Essentials – Protect Your Success

We’ve curated a comprehensive set of recommended basic coverage options to safeguard your business from unforeseen challenges. 

Protection that every business should have.

While all industries present different risk challenges, this list is recommended to all business owners and operators. See something your business might not have covered? Contact your broker to ensure your coverages are up to date.

There are some insurance coverages that all business need to minimize risk.

Commercial General Liability Insurance

Coverage: Protects against claims of bodily injury, property damage, and personal injury (such as slander or libel) that may occur during business operations.

Importance: Essential for businesses to safeguard against common accidents or lawsuits that may arise in the course of their operations.

Property Insurance

Coverage: Protects physical assets, such as buildings, equipment, inventory, and furniture, against damage or loss due to events like fire, theft, vandalism, or natural disasters.

Importance: Helps businesses recover financially and rebuild after property damage, ensuring continuity of operations.

Business interruption can carry significant financial risks for companies who don't have insurance.

Business Interruption Insurance

Coverage: Provides financial support to a business in the event of a covered peril that interrupts normal business operations, leading to a loss of income.

Importance: Helps businesses cover ongoing expenses and loss of income during the period of interruption, allowing for a smoother recovery.

Commercial Auto Insurance

Coverage: Provides coverage for vehicles used for business purposes, including company-owned vehicles and those used for transporting goods, employees, or clients. Coverage may include liability, collision, comprehensive, and uninsured/underinsured motorist protection.

Importance: Essential for businesses with a fleet of vehicles or employees who use their personal vehicles for work-related purposes. It helps protect against the financial consequences of accidents, theft, or damage involving company vehicles.

Cyber liability insurance helps a business protect itself in the case of a cyber incident.

Cyber Liability Insurance

Coverage: Protects businesses from the financial losses and liabilities associated with data breaches, cyberattacks, and other cyber threats. This may include coverage for legal fees, notification costs, and expenses related to restoring data or systems.

Importance: With the increasing frequency and sophistication of cyber threats, businesses that handle sensitive customer information or rely heavily on technology should consider this coverage to mitigate the risks associated with data breaches and cyber incidents.

You have questions. We have answers.

Get in touch with our expert team today for any questions you may have. Our commercial insurance teams have specialists from dozens of different industries who are well-equipped to best serve your specific needs. We’ll be happy to show you why working with Insurance Store is better!

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