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Sources: NFIB, Entrepreneur NFIB.com/BizInsurance
Small Biz Insurance GuideK�p your company protected �th the right coverage.
Commercial Au� InsuranceCoverage for vehicles used in the course of business to transport employees, goods, or equipment
Protection for accidents while using a company vehicle
Businesses that regularly use vehicles to carry out daily work
Cyber LiabilityCoverage in case of a data-breach
Protects from legal fees, �nancial settlements, credit monitoring, and business interruption
Any business handling customer data
Professional LiabilityProtection from legal claims of malpractice, including errors, omissions, and negligence
Covers portion of defense costs and judgments
Service oriented business like a doctors of�ce or law �rm
Property InsuranceCommercial insurance for property used to conduct business
Protects from property damage and loss due to uncontrollable events
Any business operating at home or in a commercial space that could suffer a business loss due to an unexpected event
Business Interruption InsuranceCoverage for loss due to a disaster or catastrophic event
Compensates for loss due to suspended business operation
Any business with a physical location
Workers’ Compensation InsuranceCoverage for work-related accidents to employees
Helps cover medical treatment, disability, and death bene�ts
Any business with employees (as required by some state laws)
Key Person InsuranceLife insurance policy on owners and key players
Protects from loss of income in case of the death of a key player
Businesses that can’t withstand the death of someone in the company
General Liability
Product Liability
Covers legal and medical costs of a customer accident on company property
Protects businesses from high claims costs and lawsuits
Any business that has a physical location open to customers (retailer, restaurant, etc.)
WhatCoverage for customer harm caused by a defect in a product
WhyProtects business from lawsuit and economic loss
WhoRetailers, wholesalers, distributors, resellers
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Remember• Hire a good broker to help you decide what
insurance is right for you
• Revisit your insurance policies regularly to stay up to date with coverage needs
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