What Insurance Do I Need For My Business?
Some types of insurance are legally required, depending on the state your business operates in. These required insurances typically include workers’ compensation, disability insurance, and unemployment insurance.
Other insurances may be required by vendors, investors, partners, and are otherwise a good idea. Some of the most common types of small business insurance include:
- General liability insurance
- Professional liability insurance
- Commercial Property Insurance
- Commercial auto insurance
- And others
A Business Owners Policy (BOP) combines multiple types of insurance into one package through a single insurance agency. These policies are typically simpler to manage and can come at a discounted rate.