Types of Small Business Insurance
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Professional Liability Insurance
Professional Liability insurance, also referred to as Errors and Omissions insurance or E&O , is insurance to protect you and your company in the event a client alleges they have suffered a financial loss as a result of an error or an omission committed by you.
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Workers’ Compensation Insurance
Workers Compensation insurance provides medical and disability coverage for your company employees in the event of a work related illness or injury. The employers’ liability portion of most Workers’ Compensation policies protects your company in the event that an employee files suit claiming that your company’s negligence.
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Business Liability Insurance Package Policy
Often referred to as a Business Owners Policy (BOP), a General Liability package policy protects your company in the event that a client is injured on your premises or if you or one of your employees injures someone or damages property at a client’s location.
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Umbrella Liability Insurance
An Umbrella Liability (more accurately Excess Liability) provides coverage for claims that exceed the amount of coverage on your General Liability policy and may also add coverage to your Commercial Auto coverage as well as the Employers’ Liability coverage on your Workers’ Compensation policy.
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