What types of business insurance do you need?

The types of business insurance you need depend on specific features of your business, such as your industry, operations, property, and employees. Whether you’re a new or experienced business owner, choosing the right coverages to stay protected can be challenging.

Progressive makes it easy to get personalized insurance. Use this tool to learn what types of insurance you should consider for your small business.

Find the right coverages for your small business

  • Do you rent or own commercial property such as an office, warehouse, or storefront?

  • Do you have any employees?

  • Do you own or lease vehicles that are used in your business?

  • Does your business sell professional advice or services to clients?

  • Does your business process or store sensitive information?

Recommended coverages*

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Now that you've seen the options, select a product and get a quote from Progressive Commercial in minutes. You can start a quote online or call us at 1-888-806-9598.

This tool is intended to be informational and serves as a starting point as you select your insurance products. It does not generate an insurance quote, nor is it intended to recommend specific insurance coverages or limits. You are responsible for selecting your products and Progressive makes no warranty as to their adequacy for the needs of your business.

Types of insurance for small businesses

There are several types of insurance that small businesses should consider. Your profession, location, number of employees, and other factors can influence your coverage needs. Depending on your situation, you might need more than one type of coverage.

Progressive provides a range of commercial insurance options. You can customize your policy and select the best combination of coverages for your business.

The most common business insurance types are:

General liability

Most businesses carry general liability insurance, which protects against a variety of third-party claims, including bodily injury and property damage.

Business owners policy (BOP)

A business owners policy packages liability and property coverages into a single policy. Many small businesses that rent or own commercial buildings or have business personal property could benefit from a BOP.

Commercial auto insurance

You should consider commercial auto insurance if vehicles are essential to running your business. Truckers, contractors, delivery drivers, livery services, and more can get the protection they need with a commercial auto policy.

Workers’ compensation

Workers’ compensation insurance is a good option for businesses with employees. It covers medical expenses and a portion of lost wages for employees who become injured or ill on the job. Each state sets requirements for workers’ comp. Browse business insurance by state to learn more.

Professional liability

If your business provides advice or services, you could use professional liability insurance. This coverage protects against claims of negligence or other mistakes.

Cyber insurance

Cyber insurance protects against data breaches and electronic threats. It can be a helpful choice for businesses that store and process sensitive information, such as customer names, addresses, and credit card numbers.

Get the types of business insurance you need

Our insurance experts can help you find the right types of business insurance coverage. Call us today to discuss your options. You can also start an online quote.

More information

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