Business Insurance for Market Research Analysts

A general liability policy covers basic third-party risks, such as a client who trips and suffers an injury in a market researcher’s office. It’s often required for a commercial lease.

This policy helps cover legal expenses if a market research analyst is sued for unsatisfactory work, such as negligent research. It’s also called errors and omissions insurance (E&O).

Most states require workers’ comp for market research businesses that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.

A business owner’s policy, or BOP, combines general liability coverage with commercial property insurance, typically at a lower rate than if the policies were purchased separately.

Fidelity bonds, also called employee dishonesty bonds, provide reimbursement if one of your employees steals from a client. They are often required by client contracts.

This policy helps market research analysts survive data breaches and cyberattacks. It’s strongly recommended for small businesses that handle sensitive data.