7 Types of Small Business Insurance in 2022

(This guide is for entrepreneurs who are looking to get their business insurance.)

This type of coverage protects against physical loss or damage to your building or its contents. This includes fire, theft, water damage etc.

1. Property Insurance Coverage

2. General Liability Insurance Coverage

This type of insurance pays for business-related expenses such as advertising, meals and lodging, office tools, etc.

3. Workers’ compensation insurance

This will include medical care, disability, and death benefits in the event of an employee’s injury or death as a result of working for this company.

4. Home-based businesses

Unfortunately, home insurance policies do not cover home business businesses like commercial property insurance

5. Product liability insurance

Product liability insurance protects businesses in such a case, with coverage available, tailored specifically to a particular type of product.

6. Vehicle insurance

If company vehicles are used, these must be fully insured to protect the company from liability in the event of an accident.

7. Business interruption insurance

Business interruption insurance indemnifies a business for lost revenue during these events.