General Business Insurance

Property Coverage: This typically includes coverage for your business property, such as buildings, equipment, inventory, and furniture, against risks like fire, theft, vandalism, or natural disasters.

Liability Coverage: This protects your business against legal claims and expenses arising from bodily injury, property damage, or personal injury caused by your products, services, or business operations.

Business Interruption Coverage: This covers the loss of income and ongoing expenses during a period of business interruption or downtime caused by events like fire, natural disasters, or other covered perils. It helps you maintain cash flow and cover necessary expenses until you can resume normal operations.

Workers’ Compensation Coverage: If you have employees, workers’ compensation insurance covers medical expenses, lost wages, and rehabilitation costs for work-related injuries or illnesses suffered by your employees.

Professional Liability Coverage: Also known as errors and omissions (E&O) insurance, professional liability coverage protects your business against claims of negligence, errors, or omissions related to the professional services or advice you provide.

Intentional Acts: Most insurance policies exclude coverage for intentional acts or deliberate misconduct by the insured or employees.

Employee Dishonesty: Coverage for losses due to theft or dishonest acts committed by your employees may be excluded, though you can often purchase separate coverage for this specific risk.

Certain Natural Disasters: While general property coverage typically includes protection against common perils like fire, theft, and vandalism, coverage for specific natural disasters like earthquakes or floods may require separate policies or endorsements.

Cybersecurity and Data Breaches: Standard general business insurance may not cover losses or liabilities arising from cybersecurity incidents or data breaches. Separate cyber liability insurance is typically needed to address these risks.

Specific Excluded Activities: Certain high-risk activities or industries may be excluded or have limited coverage in general business insurance policies. Examples include hazardous materials handling, aviation, or professional sports.

Employment Practices: Claims related to employment practices such as wrongful termination, discrimination, or harassment may require specialized employment practices liability insurance and may not be covered under a standard general business insurance policy.