Business & Commercial Insurance

Commercial property insurance—This coverage helps you if your business experiences a loss such as a fire, explosion, burst pipe, storm or theft. This insurance compensates you for losses or damage to your building, leased or owned equipment and other property on the premises.

General liabilityinsurance—This covers expenses and attorney fees resulting from injuries or property damage claims for which your business may be legally responsible.General liability insurance may cover costs that accrue if an injured third party decides to sue your business. General liability insurance policies typically have four coverage elements:

Premises liability covers you if a person not employed at your business becomes injured on your property.

Products liability covers you if a product or service causes injury to someone’s body or inflicts damage on a consumer’s personal property. 

A personal injury is when your business inflicts physical, financial or mental damage to a third party.

Advertisement injuries are caused by alleged misinformation, copyright infringement or slander made by your business.

Employment practices liability insurance—This covers wrongful acts that occur during the employment process, such as claims of discrimination, wrongful termination, sexual harassment and retaliation. This coverage also reimburses you forthe costs of defending a lawsuit in court and for judgments and settlements.

Workers’ compensation—This type of insurance is required in most states and is used to cover medical bills or wage replacement for employees who experience a work-related injury.

Cyber liability insurance—This can protect your business from a cyberattack or interruption that can cause a loss in data, revenue and trust between you and your customers.

Commercial auto—This type of insurance helps cover the costs of an auto accident if you or an employee is at fault. This coverage can help pay for damaged property and medical expenses.

Professional liability insurance—Also known as errors and omissions (E&O) insurance, this can protect your business against claims that a service you provided caused a client to suffer due to a mistake on your part or because you failed to perform a service.