What is small business insurance?

Small business insurance protects you and your business from financial loss, including on-site accidents, property damage or any other unexpected bumps along the way. Think of small business insurance as a safety net that protects the assets, property and income of your business. The most common policy is a Business Owners Policy (BOP) that offers basic coverage types, including property, general liability and business interruption.

What does small business insurance cover?

A Business Owners Policy (BOP) combines multiple coverages that help protect businesses and their owners into one convenient business insurance policy.
  • Property insurance

    Provides valuable protection for property owned by your business.
  • Liability insurance

    Helps cover legal expenses due to customer injuries and other liability claims.
  • Business interruption insurance

    Helps cover lost income and extra expenses resulting from a covered claim.
  • Equipment breakdown coverage

    Helps pay to repair equipment damaged by a power surge or other covered risk.

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Do I need small business insurance?

In most cases, small business insurance helps protect your investment. You'll have peace of mind knowing you're covered from unforeseen events, including property damage or financial losses. Small business insurance can protect your business from:

  • Fire
  • Customer injury
  • Damage from weather events, like hail or high winds
  • Employee theft

Need more protection for your small business?

Stay on top of your business insurance by learning what's covered and what isn't. If you need extra coverage, you may be able to purchase add-ons to your policy or a separate policy. Coverages may not be available in all states and limits may vary.

Small business insurance FAQs

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