Business insurance can also help cover the cost of any losses or repairs to your business that are the result of any number of causes. These include:

• Theft of your business equipment and other business-related property
• Structural damage to your place of business
• Products or services cause harm to one or more of your customers
• Professional mistakes that cause distress to your customers

Filing a claim with your insurance company when you encounter one or more of these circumstances can help you to stay in business.

There are several types of insurance that you can choose from depending on the type of business you operate. The three basic types of insurance every business should have include:

• General liability – This protects against bodily or property damage to a third party that is caused by your employees, products, or services.
• Property – This protects against damage to your building and business equipment that is caused by inclement weather, fire, vandalism, and theft.
• Errors and omissions – This insurance against your failure to properly provide your professional services.

Other types of insurance that you may consider for your business include:

• Commercial auto
• Cybercrime
• Worker’s compensation
• Business interruption,
• and many other types of insurance.

If you are concerned about the cost of having different types of insurance, then you can choose a business owner’s policy. This type of policy bundles several types of insurance into one policy, which helps to keep the cost down. You can also pick and choose the types of policies you want to have in a business owner’s policy.

Choosing the right type of policy for your business can be confusing. Be sure to talk to an insurance agent who knows about insurance for businesses. They will take the time to understand the needs of your business and provide you the right type of insurance you need.