Small Business Essentials – What Insurance Should My Business Have?

Transcribed from video.

What insurance does your small business need? The answer is not always simple. It depends on a variety of factors, including what industry you work in, what services or products you provide, and more.

All businesses need the proper insurance to protect themselves, and different states require different minimum coverages. The most commonly used business insurance types include:

Workers Compensation – Protect your business when one of your employees suffers an injury or industrial illness.

General Liability – protects against liability for property damage and injury claims.

Professional Liability – protects against many types of claims arising out of the rendering of professional opinions.

Business Income Coverage – protects against lost income if your business temporarily shuts down because of a covered property loss.

Commercial Property Insurance – protects businesses with brick-and-mortar locations, equipment, or inventory.

Cyber Liability Insurance – protects against data breaches and other cybersecurity issues.

Certain types of businesses that operate in specialized industries may need additional insurance.

To offer options for your needs, speak with a local trusted choice independent insurance agent who understands the world of business coverage and your local area. They can help guide you through the challenging decisions of choosing an insurance plan that works for your small business.

Be independent. Go independent.

Content provided by Trusted Choice.

Held Insurance Agency, located at 200 E Evergreen Ave Ste 105, Mount Prospect, Illinois 60056, is your trusted partner for comprehensive insurance solutions. We offer a wide range of coverage options, including auto, home, renters, business, and more. Get a free quote today and protect what matters most. We proudly serve Illinois, Wisconsin, and Arizona.