Business Category
Business insurance protects your company from financial losses due to liability claims, property damage, employee injuries, and professional errors. Common policies include general liability, professional liability (E&O), workers comp, and commercial property insurance.
Business insurance includes several policy types that protect against different risks: general liability covers third-party bodily injury and property damage; professional liability (errors and omissions) covers claims of negligence or inadequate work; workers compensation covers employee injuries; commercial property covers your building and equipment; and cyber liability covers data breaches.
A single lawsuit or property loss can bankrupt an uninsured business. Most states require workers compensation if you have employees, and many contracts and leases require general liability. The right coverage protects your assets and gives you peace of mind to focus on growth.
| Service Type | Price Range |
|---|---|
| General liability | $400 – $1,500/year |
| Professional liability (E&O) | $500 – $3,000/year |
| Workers compensation | $0.75 – $2.30 per $100 payroll |
| Commercial property | $500 – $2,500/year |
| BOP (business owner policy) | $300 – $3,000/year |
General liability covers third-party claims for bodily injury, property damage, and personal/advertising injury. It does not cover your own property, employee injuries, or professional errors — those need separate policies.
A general liability policy for a small business typically costs $400–$1,500 per year. A business owner policy (BOP) that bundles general liability and property coverage ranges from $300–$3,000 per year depending on your industry and location.
Yes, in most states. If you have even one employee, most states require workers compensation insurance. Sole proprietors with no employees are usually exempt but can still purchase coverage for themselves.
A BOP bundles general liability and commercial property insurance into one affordable policy. It is designed for small and mid-sized businesses and typically costs less than buying the coverages separately.
Business Insurance
Chubb provides commercial insurance for small and mid-sized businesses from Philadelphia, PA.
Business Insurance
CNA provides commercial property & casualty for small and mid-sized businesses from Chicago, IL.
Business Insurance
Frank Winston Crum Insurance provides workers compensation for small and mid-sized businesses from Fort Lauderdale, FL.
Business Insurance
Joyn Insurance provides small business insurance for small and mid-sized businesses across the United States.
Business Insurance
BizInsure provides general liability for small and mid-sized businesses across the United States.