Type of Commercial Policies:

What Are the Types of Business Insurance? 

Depending on your organization’s needs and state requirements, your agent may recommend the following:

General liability insurance may help pay for third-party claims of property damage, advertising injuries, personal injuries or bodily harm.

Commercial property insurance may cover damage to your office, tools, machinery and equipment.

Commercial auto insurance may cover your liability for third-party accident-related property damage and injuries. Depending on your chosen coverage, it may also help cover the repair or replacement of company vehicles after a covered event.
Workers’ compensation insurance may help pay for employees’ medical expenses and lost income if they are injured or become ill in a job-related accident.
Professional liability insurance may provide coverage if your business is sued for negligence, incomplete work or lapsed deadlines.

Cyber insurance may cover damage caused by a data breach or a cyberattack.
How Much Does Business Insurance Cost?  
The cost of business insurance varies due to numerous factors, including the following:

Location
Industry
Number of employees
Claims history
Business assets (e.g., vehicles, properties, equipment, etc.)
Policy specifics (e.g., deductible, coverage limit)