FAQ - Business Insurance Basics

The basic purpose of business insurance is to protect the owner of the business, be it individual, partnership, corporation or LLC from claims arising out of bodily injury or property damage to others caused by the actions of products of a business.

Even though all policies have their limitations and exclusions, each of the various types of business insurance take part in meeting this purpose. General liability, commercial auto, and workers compensation are three of the most common policies purchased by businesses. Other types of policies are available depending on the specific needs of a business. This information is general in nature. Talk to your insurance agent to determine the needs of your business.