General Liability Insurance (CGL)
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Protects Against:
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Lawsuits and legal costs.
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Injuries or property damage caused by business activities.
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Claims related to advertising or copyright issues.
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Why It’s Essential:
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Shields your business from known and unforeseen risks.
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Often bundled with Business Personal Property (BPP) in a Business Owners Policy (BOP).
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Commercial Property Insurance
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Covers:
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Buildings, contents, and equipment.
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Lost income and business interruptions.
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Damages from fire, theft, and vandalism.
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Why It’s Essential:
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Protects your physical assets and ensures continuity after unexpected events.
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Workers Compensation Insurance
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Covers:
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Coverage for medical expenses and lost wages from work-related injuries.
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Recovery services to help employees return to work.
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Why It’s Essential:
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Mandatory in most states.
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Rates vary by location, workforce size, and job risk level.
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Commercial Auto Insurance
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Covers:
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Business vehicles (cars, vans, trucks) for accidents, injuries, and property damage.
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Additional options: roadside assistance, towing, and rental replacement.
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Why It’s Essential:
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Protects your company’s vehicles and drivers during business operations.
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Professional Liability Insurance (E&O)
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Covers:
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Legal defense and settlements for errors, omissions, or advice leading to financial loss.
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Why It’s Essential:
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Protects businesses offering professional services or advice.
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Commercial Umbrella Insurance
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Covers:
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Additional liability coverage beyond standard policy limits.
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Legal defense costs for catastrophic events.
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Why It’s Essential:
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Acts as a safety net for high-cost claims, protecting your business assets.
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