Business insurance isn't one policy — it's a portfolio of coverages that work together to protect your business, employees, and assets. Here's every major coverage type you should know.
Core Business Coverages
🏢 General Liability (GL)
Bodily injury + property damage caused by your business
Most businesses need this
🔒 Commercial Property
Buildings, equipment, inventory you own or lease
Any business with physical assets
📋 BOP (Bundle)
GL + Property bundled — usually cheaper
Small-mid size businesses
👔 Professional Liability (E&O)
Claims from errors in your professional services
Consultants, advisors, services
👷 Workers Compensation
Employee injuries and illness on the job
Required in most states if you have employees
🚚 Commercial Auto
Vehicles used for business purposes
Any vehicle used for work
The Most Dangerous Coverage Gaps
- Cyber liability: Standard GL excludes data breaches. Any business handling customer data needs cyber coverage.
- Business interruption: If a covered event forces you to close temporarily, business interruption pays your lost income and ongoing expenses.
- Employment practices liability (EPLI): Covers claims from employees (wrongful termination, harassment, discrimination). Not included in standard GL.
- Umbrella/excess: Extends your liability limits across multiple policies when a major claim exceeds your primary coverage.