Liability insurance and property insurance provide different forms of protection, and both types of coverage are necessary to protect a small business.
Business property insurance can pay for repair or replacement of stolen, damaged, or destroyed business property.
Property damage involves the harm, breaking, or impairment of something your business owns. This can include your work vehicles, business property, and items they contain—such as office equipment and merchandise.
Employee dishonesty coverage insures business owners or their clients against employee theft.
Installation floater insurance covers materials and other commercial property while they are being transported, stored, or installed at a job site or other temporary location.
Premises liability insurance covers the cost of third-party injuries and damage claims related to your work, such as accidents that happen at your business or at a customer’s property.
Equipment floater insurance covers portable equipment and tools that are taken from one place to another, such as a worksite.