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.
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.
Basic business insurance
Two common types of business insurance are:
General Liability - Most small businesses, old and new, need this liability coverage. It guards against things like bodily injury, property damage, completed operations and advertising injury that arise from your business.
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.
Specialized commercial insurance
It’s likely that your insurance needs will expand beyond basic liability and commercial auto coverage as your business grows. Certain professions also need specific insurance depending on the services they offer or the contracts they enter.
Professional Liability – Liability protection for businesses who offer a professional service or advice. It’s also known as Errors and Omissions (E&O).
Business Owners Policy (BOP) – This coverage packages liability and property coverage into one policy. Common for small businesses with commercial buildings or personal property.
Workers' Compensation – Helps pay for things like medical costs and lost wages of employees who become injured or ill on the job.
Business insurance rates
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.
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.