Commercial business insurance options

Small business insurance is designed to protect your company from financial damage that may come about due to risks your business could face. It could be accidents, property damage, errors in professional work, workers comp claims, liability issues and more. When you have a solid business insurance policy in place it will minimize the financial loss you could endure.

What types of commercial business insurance are there?

At Eugene C Yates Insurance Agency we offer many different forms of business insurance coverage. We have found it best for small businesses to combine various forms of business insurance to create the plan that protects their business most. Below are a few of the different ways we can help to cover your business:

General liability insurance

The majority of businesses can benefit from having a general liability insurance policy in place. It can help protect your company against property damage, injury, and advertising injury. This coverage is often referred to as business insurance. 

Commercial auto insurance

If you use vehicles for business there is a good chance you will need commercial auto insurance coverage. Especially if your company makes deliveries, visits job sites, transports tools or clients. Commercial auto insurance will provide coverage for liability, damage, and more for your business vehicles. Start auto insurance will not provide the same amount of coverage as business auto insurance. 

Commercial property insurance

If your rent, own or lease the building your company is in, it’s a great idea to carry commercial property insurance. Commercial property insurance will provide protection for commercial buildings and other property the business may own. 

Professional liability insurance / Errors and Omissions (E & O)

Professional liability insurance is designed to protect a business that offers professional services. It will help to cover the business against claims of professional negligence. This form of business insurance is often referred to as errors and omissions insurance (E&O). 

Cyber liability insurance

Cyber insurance will help to protect your company from data breaches, hacking and more. If your company stores valuable customer data, cyber liability insurance is a must. 

Business owners policy (BOP)

A BOP is a combination of commercial property insurance, general liability insurance and business interruption insurance. Business owner policies are common amongst small businesses due to it being easy to get so many forms of coverage in one easy to use package. 

Workers compensation insurance

Workers comp insurance is one of the only business insurance products that is mandatory. If you have at least one employee there is a good chance you will need to carry workers compensation insurance. Workers comp is designed to protect you, your business and your employees. It will help to pay for medical expenses, lost wages and more, if an employee becomes sick or injured on the job. 

Liquor Liability Insurance

Liquor liability insurance coverage is designed for businesses that may make, sell or serve alcohol. This form of business insurance is also known as dram shop insurance.

Inland Marine Insurance

Inland marine insurance coverage is for moveable property, like equipment, tools, and other things. It can help to protect your company items as they are in transit over land and away from your business. 

Employment Practices Liability Insurance (EPLI)

This form of business insurance will protect your company against claims associated with employee discrimination, wrongful termination and sexual harassment. 

Rideshare Insurance

Rideshare insurance is commercial insurance used to fill the gaps between ridesharing companies such as Lyft and Uber. It will provide protection for the drivers and their personal policies. 

If you would like a free commercial business insurance quote, please give us a call today at 916 313 6100