Choose from a variety of commercial business insurance options
Business insurance 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 business insurance
Get the best combination of coverages for each stage of your business's development. From basic protection to specialized coverage, our experts can connect you with the right commercial insurance policy for you.
Business insurance cost
In 2024, the national median cost of business insurance for new Progressive customers ranged from $42 per month for professional liability to $80 per month for workers' compensation.
Your cost is based on various factors, including the industry you're in and the specific types of jobs you do. For example, one landscaping company might only mow lawns, while another offers additional services, such as tree trimming. They're both landscapers, but their risk exposure is different and will be reflected in their rates.
Discover more factors that influence business insurance cost and what you can do to get the coverage you need at the best price.
Customized coverage
We offer customized coverage that matches your business's level of exposure to certain risks. A customized policy includes the coverages you need, with limits that match your specific requirements. Customized coverage is flexible, so if your situation changes — or you simply change your mind — you can update your policy anytime.
Be wary of "one-size-fits-all" policies. They can have gaps in coverage that leave you exposed. For example, you might assume general liability covers any type of business liability, but it doesn't. Learn the differences between general liability and professional liability insurance.
We focus on customizing your policy upfront to avoid these types of problems and so you can feel confident you're getting the right insurance the first time.
What does business insurance cover?
Business insurance describes individual coverages that can protect a small business. Your level of protection depends on the specific coverages you choose to carry.
For example, "business insurance" can refer to a single coverage, such as general liability, but it can include many more, like professional liability and workers' compensation.
Which business insurance coverages do I need?
The coverages you need depend on your unique situation, but nearly all businesses should consider general liability. It's the most common coverage and protects against various claims involving third-party injuries or property damage (e.g., slip and falls, broken windows).
Additionally, you'll probably need commercial auto insurance if you or your employees drive for work-related tasks. Most states also require you to carry workers' compensation if you have employees.
Not sure what you need? Answer five simple questions to find which coverages you should consider for your small business.
Why do I need business insurance?
You need business insurance to protect against financial loss if there's an accident. For example, say you're legally responsible for a customer's injury. Without insurance, the medical bills and legal fees could become difficult to afford. Business insurance can help prevent this type of damage.
Does business insurance cover lawsuits?
Do I need business insurance if I'm a sole proprietor?
Yes. Business insurance is important for sole proprietors because they're responsible for their business's debts. In other words, their personal assets, such as bank accounts or property, might be targeted to satisfy a business debt. No matter how small your business is, you should plan for the financial impact accidents can cause.
Should online businesses have business insurance?
Business insurance isn't required for all online businesses, but most should consider coverage to protect against liability. For example, cyber insurance can cover businesses that process customer payment information or store sensitive data from damages if there's a security breach.
Business insurance isn't required for all online businesses, but most involved in e-commerce should consider coverage to protect against liability.
Does my homeowners insurance cover my business if my office is at my home?
No. Homeowners insurance won't cover tools, equipment, and inventory used for business purposes. You can get coverage for these items with a business owners policy (BOP).
Can Progressive help me get business insurance in my state?
Yes. Progressive can help you find a variety of business insurance coverages, including general liability and professional liability, in all states except Hawaii. We also offer workers' compensation and business owners policies in select states. Browse by state to see your options.
Let us help you with a business insurance quote
We want you to feel confident and secure with your small business insurance. Here's just a few of the many reasons you should choose us to help you find the best insurance for your business:
Flexibility
We can help you secure coverage at any stage of your business's development and offer the flexibility to adjust coverages as your business grows. Our agents will work with you to make sure you're getting protection that meets both your needs and budget.
Convenience
We offer several ways to get customized business insurance. You can start a quote online, by phone, or through a local agent. Updating your policy is easy, and we can usually activate your request the same day you make it.
Expert Support
As an experienced business insurance provider and the #1 commercial auto insurer in America*, you can be confident in our support. Our team of specially trained, in-house agents can help you every step of the way to make sure you're getting the best coverage for your business today and tomorrow.
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