Frequently asked questions about business insurance
We’ve compiled the most frequently asked questions to help you compare policies and decide which insurance is right for your small business.
Business insurance requirements and coverage
What is business liability insurance?
Business liability insurance is any commercial insurance that involves a business’s responsibility for losses, injuries, or damages. Types of liability insurance include:
Business insurance, also called commercial insurance, provides crucial protection for any small business. If there’s an accident at your business, you could face a lawsuit. The high cost of litigation, medical bills, and property damage claims is the primary reason businesses need insurance.
There are several situations in which businesses are required to obtain commercial insurance. For example, most states require businesses with employees to purchase workers’ compensation insurance. Business-owned vehicles must be covered by commercial auto insurance.
Business insurance costs vary based on the policies you purchase and your coverage limits. Other factors include your industry, number of employees, revenue, and location. Small, low-risk businesses – especially those that qualify for a business owner’s policy – pay less for insurance than larger companies.
Every business can save money on insurance. One of the best ways is to explore what different providers are offering. You can contact insurance companies directly and request rates, but you’ll have to provide your business details each time you apply.
It’s easy to get small business insurance if you have your business information on hand. An insurance application will ask for basic facts about your business, such as revenue and number of employees. With Insureon, you can complete one application to receive multiple quotes from top U.S. carriers. You can buy small business insurance policies for a wide range of risks.
How do I get a certificate of liability insurance?
After you purchase an insurance policy, you can request a certificate of insurance from the insurer. When you buy insurance through Insureon, you can usually download the certificate from your Insureon account as soon as the policy is issued.
Other frequently asked policy questions
Do you have questions about a specific policy? You can find answers here: