Affordable Business Insurance Quotes
Get a quick business insurance quote online
Protect Your Business for Peace of Mind
Congratulations for taking big risks to follow your dreams of becoming a small- to mid-sized business owner. Whether you are just starting out or you are already established, you likely don’t have bandwidth to worry about protecting your growing organization or enterprise, which is why InsureOne Insurance is so simple and affordable. Our small business insurance saves you money on comprehensive coverage options for business owners by doing the research for you and providing the best options out there. Safeguarding your business from liability and damages gives you more time and energy to succeed!
What is Business Insurance?
Business insurance is a customizable policy that specifically addresses and protects certain parts of your small business. There are different types of coverage and, depending on your unique company, you may need a variety of coverage.
Do I Need Small Business Insurance?
Yes, you need small business insurance if you want to protect your business. Not only is it required in some cases (worker’s compensation), but most people also cannot afford to cover a property loss or lawsuit out of pocket. You probably also depend on an income stream from your business that you may not be able to live without. Your small business insurance will help you stay in business and protect your assets.
How Much is Business Insurance?
On average, business owners pay $300 per month for a basic business insurance policy. Your cost will depend on many factors, such as how many employees you have, the nature of your business, the location, the value of equipment and more. If you have a business where employees are responsible for handling dangerous equipment, you’ll pay more than a business where employees mainly stock low shelves and run a cash register. Here’s a look at the average cost for typical business insurance components.
|Type of Policy
|Average Monthly Cost
What Does Business Insurance Cover?
Depending on the types of insurance you choose, business insurance covers everything from your building, your equipment and your employees to data security, court costs and legal fees and loss of income should you need to shut down for a time period. Since no two businesses are exactly the same, you’ll work closely with your independent InsureOne agent to build a flexible and customizable policy that fits you just right.
What are the Types of Business Insurance Available?
At InsureOne, we offer all the different types of business insurance you may need to protect your dream. We have 30 years of experience to help you find the right combination for your specific small to medium-size business.
Protection you need for any vehicles used for business.
Your coverage for a variety of claims including liability, medical and advertising injuries.
Most states require this employee protection that covers your workers if they are injured or ill.
Guarantees your small business will be able to fulfill projects and duties.
Bundle coverage to protect your business together for a cost savings.
Keeping the building that houses your company, plus everything in it so you can keep going.
The total protection you need if you suffer a lawsuit for bodily and property damage.
A range of protection to cover you in the event of a lawsuit or legal claim.
How Can Business Insurance Help Me?
It can protect what you’ve worked so hard to build. You may not think it can happen to you, but you may be just one step away from financial disaster if you don’t take the right steps to protect your dream. For example, a simple busted pipe could cause major damage to expensive equipment that you’ll need to replace in order to keep the doors open. Likewise, if someone slips and falls while in your business, you could be sued.
In many cases, resulting costs from rebuilding after property damage or coming up with the cash to defend yourself in court are too much for many small- and mid-sized entrepreneurs. This is why having the right protection is vital to your success. Here are a few examples of types of insurance you may need.
Small Business Insurance
Depending on your assets (such as building ownership, inventory and equipment) you may need a business owner’s policy (BOP) which includes property and liability coverage, a commercial liability umbrella policy (CLUP) to protect you against lawsuits and worker’s compensation (typically required by law in every state).
Medium Size Companies
For medium-sized companies, you’ll need to take a look at your accumulated assets (are you renting or do you own your building?) for a BOP policy, the number of employees and state and federal regulations, plus a commercial liability umbrella policy for lawsuit protection. You may also need to consider adding some form of stakeholder insurance, in case a major player or investor suddenly leaves.
Contracting or Trade Business
Depending on your assets (such as building ownership, inventory and equipment, plus vehicles) you need a business owner’s policy (BOP) which includes property and liability coverage. You may also want a policy that includes surety and fidelity bonds as a guarantee for contracts, a commercial liability umbrella policy (CLUP) for lawsuits and contractual requirements, commercial auto insurance for business vehicles (and employees who drive their own vehicles for business) and workers comp.
Food Service Business
Whether you own a donut shop, a specialty coffee café or a full-sized restaurant, you’ll need to make sure your assets are covered. After all, you’ve purchased or are leasing some expensive equipment. Along with the regular coverages (BOP, CLUP), you’ll want something to protect you from losses due to food contamination, spoilage and equipment breakdown.
Retail shop coverage should include the regular BOP and CLUP, but you’ll also want to consider loss of income, employee dishonesty, data compromise and more coverages tailored specifically to retail shop owners. As with all policies, your InsureOne agent will help you customize your business insurance to fit your needs.
No Matter the Size & Type, We Can Help You Get Insured
Your specific company will need specific protections. Business insurance is not a one size fits all, so you want professionals who are familiar with the various types of coverage and know which ones exactly you need. At InsureOne, we will listen to you and give you flexible options that work for you.
The InsureOne Difference – The Best Choice for Business Insurance
We have 30 years of finding the best affordable insurance solutions for small business owners. Your business is one of a kind. You deserve white-glove, top-tier customer service. Here are a just a few of the things we bring to the table:
- Fast, simple, flexible options: You tell us what you have, what you need and what you want to spend. We’ll spend the time researching “A”-rated carriers to find several plans that meet your parameters (and more). You focus on your business while we do the hard part for you. You drive the bus by choosing the right plan for you.
- Customized, tailored options: Business insurance is not a one-size-fits-all proposition. Our experienced agents will walk with you through all the available types of policies to decide which ones fit together perfectly for your unique business.
- Responsive, white-glove customer service: We’ll be there for you as you jump into your dreams of business ownership, and we’ll be there to grow along with you. Feel free to check in with us anytime or just stop by for a cup of coffee when you need a break. Your InsureOne agent is there to serve you!
Other Types of Insurance Options
Business insurance is a must when you want to protect the dream you’ve turned into a successful enterprise. But don’t forget to take a hard look at some other insurance products you may need and want.
- Life Insurance: You’ve probably built a succession plan into your strategy, but an unexpected major disruption, such as the death or sudden departure of a major partner or owner may end up putting a huge financial burden on surviving family members. Find out more about our life insurance plans.
- Employee Benefits: Find and retain the best of the best with a top-notch employee benefits package. It really matters to your potential employees when they are deciding between you and another company. It also builds loyalty when your team knows you care about them. See more about employee benefits.
- Landlord: If you are diversifying and investing in real estate, you need to look at what landlord insurance can offer. Don’t interrupt that stream of income or be faced with huge repair bills. Find out more about landlord insurance.
Get the Best Business Insurance Today
You are taking a big step – or maybe you’ve already jumped into business ownership. Either way, you need to protect your investment and the dreams that started it all. Let the experienced professionals at InsureOne help you find the coverage you need. Request a free business insurance quote online or by giving us a call at 800-836-2240 where you’ll speak to a live agent who will provide you with a personalized quote. You are also welcome to stop in one of our convenient locations for a face-to-face meeting.