Commercial insurance is essential for all businesses. New enterprises and start-ups in particular stand to lose the most if things go wrong.  It’s critical to safeguard yourself in the greatest possible way, which includes purchasing commercial insurance. This form of insurance is not required in all states, but if you want to run a successful business, it is important coverage.

For start-ups, general liability insurance is essential. General Liability covers damages resulting from settlements, claims, or litigation that your startup may face as a result of third-party injuries or property damage.

Professional Liability Insurance is another type of liability insurance that protects professionals for a client’s claim of damages due to the insured’s performance, mistakes and other charges of negligence.   

Property Insurance for New Businesses. This coverage is specific to the physical assets of the startup and covers items such as inventory, structures and equipment due to wind, fire, and other types of damages.

Flood insurance is a type of coverage that protects your building and its contents from damage caused by flood.  Business Property Insurance does not cover flood damage. Keep in mind that flooding can happen anywhere and at any time.

Workers’ Compensation Insurance (WCI) is a type of insurance that you are required to carry if you have employees. Your staff are crucial to the success of your company and this coverage applies in the case of a work-related injury or illness.