Liberty Mutual Business Insurance

A business owner's policy, or BOP, is the policy most often recommended by Insureon's licensed agents. It combines general liability insurance and commercial property insurance at a discount to protect against common liability and property risks.

Commercial auto insurance covers legal fees, medical bills, and property repairs for accidents involving your business vehicle. State laws usually require this coverage for vehicles owned by a business.

General liability insurance is typically the first policy purchased by small business owners. It covers the cost of common accidents involving customers, such as someone who trips and suffers an injury in your office.

Commercial property insurance is essential for businesses that own a building, valuable equipment, or inventory. This policy helps cover the cost of a burglary, vandalism, or storm damage.

Liberty also offers specialized forms of property insurance, including:

• Equipment breakdown insurance for equipment and machinery
• Inland marine insurance for items in transit or stored off-site

Commercial property insurance has exclusions for items stored off-site and mobile property, which is where inland marine insurance steps in. This policy covers equipment that moves to different worksites, inventory stored at a storage unit, and products in transit.

Commercial umbrella insurance boosts coverage on an underlying policy, such as general liability insurance or commercial auto insurance, once the policy limits are reached. It helps pay for the most expensive lawsuits.

Workers' compensation insurance covers the cost of medical treatment and disability benefits for employee injuries and occupational diseases.

Each state has its own laws for when a business must carry this coverage. Typically, you need it as soon as you hire your first employee.