Business Lines

Business insurance, commonly referred to as commercial insurance, is a type of insurance that protects your business from financial losses due to accidents, damage to property, errors in business, workers compensation claims, and many other situations. Making sure your business has the right type of business insurance is crucial to decreasing the impact of a claim against it.

There are many different coverages that can be added to a business insurance policy. The three most common business insurance forms are:  commercial property, general liability, and commercial auto. Commercial property insurance is a coverage that protects commercial property from damages due to fire, theft, and natural disaster. General liability protects against cases like bodily injury, property damage, and operation losses. Commercial auto refers to insurance for vehicles that are used for business. Commercial auto can cover travel between job sites, deliveries, and transporting equipment and tools. It generally covers liability and physical damage to your business vehicles and trailers.

In many cases, business insurance policies will need to be expanded beyond the basics. Depending on the services you offer, extended coverage may be necessary. Some of these coverages include professional liability, businessowners policy (BOP), and workers’ compensation.

Types of business insurance include: