Business Insurance FAQ

Some types of commercial insurance may be required by law, contract, lease agreement, lender, or industry regulation. Workers compensation, commercial auto, liquor liability, and certain professional liability coverages may be required depending on your business.

A Business Owners Policy, often called a BOP, typically combines general liability and commercial property coverage into one package. It is commonly used by small and medium-sized businesses, although eligibility depends on the type of business and carrier guidelines.

General liability insurance may help protect your business from claims involving bodily injury, property damage, personal injury, advertising injury, and related legal defense costs, subject to policy terms, limits, and exclusions.

Commercial property insurance may help protect buildings, business personal property, equipment, inventory, furniture, tools, and other covered property from losses such as fire, theft, wind, vandalism, or other covered causes of loss.

If your business has employees, workers compensation may be required. Requirements vary by state and business type. Workers compensation can help provide benefits for employees who suffer covered work-related injuries or illnesses.

You may need commercial auto insurance if your business owns vehicles, employees drive for business purposes, vehicles are used for deliveries, hauling tools or equipment, or transporting goods. Personal auto policies may not cover business use.

Professional liability insurance, sometimes called errors and omissions coverage, may help protect businesses that provide advice, professional services, designs, consulting, or specialized expertise if a client alleges financial harm due to a professional mistake.

Many businesses should consider cyber liability coverage, especially if they collect customer information, accept electronic payments, use email, store employee records, or rely on computer systems. Cyber coverage may help with certain data breach, ransomware, and cyber incident expenses.

Coverage needs depend on your industry, operations, property, contracts, employees, vehicles, revenue, and risk exposures. A contractor, restaurant, retail shop, professional office, farm, and landlord may all need different coverage.

Yes. Insurance Center Group can help with farm policy options for agricultural operations, farm structures, equipment, liability, dwellings, and related exposures. Farm insurance needs can vary widely, so it is best to speak with our team directly.

At minimum, business insurance should be reviewed annually. You should also review coverage when you hire employees, buy equipment, add vehicles, change locations, sign contracts, introduce new services, increase revenue, or make major operational changes.

Because business insurance can be complex, Insurance Center Group does not offer a basic online business quote tool. Please contact our office so we can learn about your operations and help gather the information needed for an accurate quote.