Business Insurance

Customized to meet your specific business needs

Choose from a variety of commercial business insurance options

Business insurance is coverage that protects your small business from financial damages that can result from accidents, property damage, professional errors, workers compensation claims and other situations. Having accurate coverage is critical in minimizing the negative impact of claims against your business.

Types of Coverage

From basic coverage to specialized protection, the Progressive Advantage® Business Program offers several types of commercial insurance to allow you to get the right coverage for each stage of your business’s development.

General Liability

Most small businesses need this coverage. It guards against things like bodily injury, property damage, completed operations and advertising injury that arise from your business. Sometimes people refer to this coverage as "business insurance".

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Commercial Auto

You probably need this coverage if you use your vehicles for your business. This can include traveling between job sites, making deliveries, or transporting tools and equipment. It provides liability and physical damage protection for your business vehicles and trailers.

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Professional Liability

Liability protection for businesses who offer a professional service or advice. It protects against claims of negligence like giving incorrect advice or failing to deliver a service. It’s also known as Errors and Omissions (E&O).

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Cyber Insurance

Protects against electronic threats, such as data breaches and cyber attacks. Businesses that store or process sensitive data like credit card information or client records should consider this coverage.

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Business Owners Policy (BOP)

This coverage packages liability and property coverage into one policy. Common for small businesses with commercial buildings or personal property.

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Workers' Compensation

This protects you and your employees. It helps pay for things like medical costs and lost wages of employees who become injured or ill on the job.

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Not sure what you need?

Learn in seconds which types of insurance match your business.

What it costs

In 2017, the national average cost of a new 12-month business insurance policy through the Progressive Advantage® Business Program ranged from $50 a month for professional liability to $192 a month for workers’ compensation.

Your rate is based on the specific types of coverage you need, and that depends on the type of work you do and the risk involved. Each business is different, and so is their exposure to risk. Discover the differences in cost among business insurance products and what you can do to secure adequate coverage at a low cost.

Common questions

Business insurance isn’t a specific coverage. It’s a term used to describe one or more individual coverages that protect a small business. The range of protection depends on the specific coverages a business carries. For example, “business insurance” can refer to a single coverage, such as general liability, but it can also include many more.

Each business has unique needs, but nearly all should consider general liability. It’s the most common coverage, protecting businesses against a wide variety of situations involving third-party injuries or property damage (e.g. slip and falls, broken windows).

If you or your employees drive for work-related tasks, you’ll probably need commercial auto insurance. Most states require that you carry workers’ compensation if you have employees.

You need it to protect against severe financial loss. Without it, your business could be crippled by a single incident. For example, a customer was injured and you’re legally responsible. Without insurance, the medical bills and legal fees could become impossible to afford. Don’t let this happen to you.

Yes. As a matter of fact, sole proprietors are personally responsible for their business’s debts. This means their personal assets, such as bank accounts or property, might be targeted to satisfy an outstanding business debt. Accidents are unavoidable, but the financial impact they can cause is something you should plan for no matter how small your business is.

Progressive can help you get business insurance in the following states:

  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Get your business insurance quote today

We want you to feel confident and secure with your small business insurance. Our team of experts will discuss your coverage options and help you find the protection that best fits your needs and budget. Start a quote online or call us today.

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