Business Auto Insurance protects vehicles owned, leased, or used by a business for work-related activities. This includes coverage for liability if the driver causes injury or property damage, as well as physical damage to the vehicle itself. It ensures that businesses are financially protected against accidents involving company vehicles or employees driving for business purposes. The policy can be customized for fleets, personal vehicles used for work, or specialized commercial vehicles.

Key Features:

• Liability coverage for bodily injury and property damage.
• Covers collision and comprehensive damage to business vehicles.
• Hired and non-owned auto protection for employee-owned or rented vehicles.
• Medical payments or personal injury protection.
• Uninsured/underinsured motorist coverage.
• Customizable for fleets or individual vehicles.
• Often required by law or lenders.

A Business Owner’s Policy is a bundled insurance package designed for small to medium-sized businesses that combines general liability and commercial property insurance. It simplifies coverage and offers cost savings by including core protections in one policy. A BOP often includes business interruption insurance and can be enhanced with endorsements like cyber liability or equipment breakdown. It’s ideal for businesses with physical locations and moderate risk exposures.

Key Features:

• Combines general liability and property coverage.
• Includes business interruption protection.
• Can be customized with optional endorsements.
• Typically less expensive than buying coverages separately.
• Designed for small to mid-sized, low-risk businesses.
• Excludes auto and workers compensation.
• May meet lease or client contract requirements.

A Commercial Package Policy offers broader, customizable insurance protection for mid-sized to large or higher-risk businesses. Unlike a BOP, it allows businesses to combine multiple lines of coverage such as general liability, property, inland marine, and crime insurance under one policy. This approach provides more flexibility and higher coverage limits, tailored to industry-specific risks. It’s ideal for companies that require more comprehensive and scalable insurance solutions.

Key Features:

• Modular format includes multiple coverages in one policy.
• Higher policy limits and flexible deductibles.
• Suitable for more complex or larger businesses.
• Does not include workers comp, health, or auto coverage.
• Can be tailored to industry-specific risks.
• May include specialized coverages like equipment breakdown or inland marine.
• Potential for premium savings through bundling.

General Liability Insurance protects a business from third-party claims of bodily injury, property damage, or personal and advertising injury. It is often the foundation of a business’s risk management strategy and may be required for leases, licenses, or client contracts. This coverage pays for legal defense, settlements, and judgments if your business is found liable. It does not cover employee injuries, professional services, or damage to your own property.

Key Features:

• Covers injury and property damage to others.
• Includes product and completed operations liability.
• Pays legal defense costs even if not at fault.
• Covers personal and advertising injury.
• Often required by landlords or clients.
• Does not cover employees or professional errors.
• Limits and endorsements can be tailored to your industry.

Commercial Umbrella Insurance provides extra liability coverage beyond the limits of primary policies like general liability, commercial auto, and employers liability. It acts as a financial safety net for large or catastrophic claims that could otherwise exceed your standard policy limits. This type of policy is especially important for businesses facing high-exposure risks or operating in litigious industries. It is not a standalone policy and requires underlying policies to be in place.

Key Features:

• Adds additional limits above existing liability policies.
• Covers multiple types of underlying policies (GL, auto, EPLI, etc.).
• Helps satisfy contract or client requirements for high liability limits.
• More affordable than increasing limits on each individual policy.
• Required underlying coverage must be maintained.
• May offer global coverage with appropriate endorsements.
• Does not replace primary policies—works as excess coverage only.

Cyber Liability Insurance protects businesses from the financial consequences of data breaches, cyberattacks, and other digital threats. It helps cover costs such as data restoration, breach notification, legal expenses, regulatory fines, and even ransomware payments. As cyber threats become more sophisticated and common, this coverage is increasingly essential for businesses of all sizes that handle sensitive data or rely on technology. Policies can be tailored to industry risks and data types.

Key Features:

• First-party coverage for business interruption and data recovery.
• Third-party coverage for customer or client lawsuits.
• Covers breach notification, legal defense, and public relations.
• May include coverage for ransomware attacks and cyber extortion.
• Increasingly required by partners, vendors, or contracts.
• Can include security audits or staff training tools.
• Suitable for any business handling customer data or online services.

Employment Practices Liability Insurance protects businesses from claims made by employees regarding employment-related issues such as discrimination, harassment, wrongful termination, and retaliation. This coverage helps pay for legal defense, settlements, and judgments whether the business is at fault or not. EPLI is increasingly important as workplace lawsuits become more frequent and costly. The policy can be extended to include claims from third parties such as vendors or customers.

Key Features:

• Covers wrongful termination, discrimination, harassment, and more.
• Pays for legal defense costs and settlements.
• Protects management decisions and HR practices.
• Optional third-party coverage for non-employee claims.
• Does not cover intentional misconduct or criminal acts.
• Often includes employee handbook or policy review services.
• Claims-made policy—must be active when the claim is made.

Key Person Life Insurance provides financial protection to a business if a critical employee, executive, or owner dies or becomes disabled. The business purchases the policy, pays the premium, and is the beneficiary of the death benefit. This coverage helps with lost revenue, debt repayment, or finding a replacement for the individual. It is commonly used in succession planning and to ensure business continuity in the face of unexpected loss.

Key Features:

• Death benefit paid directly to the business.
• Used to cover recruitment, transition, or debt obligations.
• Helps maintain stability with creditors and investors.
• Often part of a buy-sell agreement among business partners.
• May include disability or critical illness riders.
• Not taxable as income to the business in most cases.
• Owned and funded by the business—not a personal benefit.