Small Business Insurance Basics
No matter what the size is of your business you will need some level of insurance to protect you and your business. For small businesses, insurers often combine a number of insurance policies into a package sold as a single contract. The most common policy for small businesses is the Business Owners Policy (BOP).
Most small businesses need to purchase at least the following four types of insurance.
Business Auto Insurance
Workers Compensation Insurance
Other Types of Business Coverages
Errors and Omissions Insurance/Professional Liability
Employment Practices Liability Insurance
Key Employee Insurance