What types of business insurance do I need?

What types of business insurance do I need?

It depends on your business type, but common types include general liability, property, and workers' compensation insurance.

Can you explain what general liability insurance covers?

General liability insurance covers claims of bodily injury, property damage, and personal injury that occur on your business premises.

How much does business insurance typically cost?

The cost varies widely based on factors like business size, industry, and coverage needs, but small businesses might pay between $500 to $3,000 annually.

Is business insurance mandatory?

While not all types are mandatory, certain insurances like workers' compensation are required by law in many states.

What should I consider when choosing a business insurance policy?

Consider your business risks, the types of coverage you need, your budget, and the reputation of the insurance provider.