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Protecting your new business

Congratulations! You’ve started a new business. Now you need to be sure you have the right protection to protect your business. For most new businesses, insurance should be considered as essential to survival as basic utilities. Some types of insurance are required by law while others may be required by your business associates or investors. But business insurance is really about protecting your employees and your investment in your business.

As a startup you should consider a few types of insurance. First, if you have employees, and to comply with state laws, you need Workers Compensation insurance. You need protection for your space (whether leased or owned) and for your stuff. You need General Liability insurance in the event of an accident involving customers and/or employees and you need to be protected if claims of negligence are made by customers or even employees.

Need more information? Speak with one of our insurance experts to find the right coverage for your business.

The policies you need

General Liability
You’re covered in case of customer lawsuits, such as “slip and fall” cases.
Learn more.

Commercial Property
This policy covers your business for many kinds of property damage.
Learn more.

Workers’ Compensation
Covers you and your employees in the case of an employee injury.
Learn more.

A BOP could be a good fit

A Business Owner’s Policy (BOP) is a packaged insurance policy that contains all of the essentials most startup businesses need. A BOP combines the two primary commercial coverage types – General Liability and Property Insurance – into one, affordable policy. This packaged policy covers the widest range of risks that the average business owner faces: protection from lawsuits, damage to their business space and property loss.

There are also many add-ons that can be included in a Business Owner’s Policy to protect the unique needs and risks inherent in any small business. For example, Business Interruption, a coverage that pays an insured if business operations are suspended due to a loss, is included in most BOPs.

Business insurance for new small businesses

Additional coverages we recommend

Business Interruption
Coverage for lost income if a business must close temporarily.
Learn more.

Professional Liability
This policy protects your business from lawsuits over your services.
Learn more.

Cyber Liability
Coverage for your digital assets and the systems of your clients.
Learn more.

Connect Workers' Comp to your payroll and start
Paying As You Go.