The Most Common Business Insurances in the United States

General Liability Insurance
This insurance shields your company from third-party claims involving bodily injury, property damage, and personal or advertising injury resulting from your business activities, products, or services. It’s the fundamental coverage every business in the U.S. needs.

Commercial Property Insurance
This policy covers your company’s physical assets—such as buildings, equipment, inventory, and furniture—against risks like fire, theft, vandalism, and natural disasters. Note: Coverage for floods or earthquakes often requires a separate policy.

Workers’ Compensation Insurance
Mandatory in nearly every state, this insurance provides coverage for employees who sustain injury or illness while on the job. It reimburses medical expenses, lost wages, and rehabilitation costs, and offers death benefits to dependents.

Commercial Auto Insurance
If your business operates vehicles on the road, this insurance is essential. It covers liability, vehicle damage, medical expenses, and uninsured motorists. Rental and personal vehicles used for business purposes can also be included.

Professional Liability Insurance (Errors & Omissions)
Indispensable for service-oriented businesses such as consultants, lawyers, and medical specialists, this insurance protects against claims of negligence, mistakes, or omissions in the delivery of professional services.

Directors & Officers Liability (D&O)
This policy offers financial protection to directors and officers against claims of alleged misconduct or negligence in their roles, including legal fees, settlements, and other costs.

Employment Practices Liability Insurance (EPLI)
Safeguards your business from claims by employees (or former employees) related to issues such as wrongful termination, discrimination, harassment, or other employment matters.

Cyber Insurance
With cyber threats on the rise, cyber insurance covers damages from cyberattacks and data breaches, including data recovery costs, legal assistance, and notification requirements.

Excess/Umbrella Insurance
Providing additional coverage over existing policies like general liability, auto insurance, and workers’ compensation, it’s ideal for businesses seeking protection against large or catastrophic claims.

Health Insurance
Healthcare costs in the U.S. can be exorbitant. A solid business health insurance plan covers medical expenses for you and your employees, both for illnesses and accidents. Often a vital employment benefit, it helps attract and retain talent.

Employee Benefits Insurance
Beyond a paycheck, U.S. employees often expect additional benefits such as retirement plans, disability insurance, and life insurance. A comprehensive employee benefits package demonstrates your commitment to your team and enhances your employer brand.

Personal Insurance
Operating a business in the U.S. also involves personal risks. Consider personal liability insurance or policies for yourself as an entrepreneur (like life insurance or income protection). These ensure you and your family are well-protected, no matter the circumstances.