Choose from a variety of commercial business insurance options

Business insurance is coverage that protects your small business from financial damages that can result from accidents, property damage, professional errors, workers compensation claims and other situations. Having accurate coverage is critical in minimizing the negative impact of claims against your business.

What it costs

In 2017, the national average cost of a new 12-month business insurance policy through the Progressive Advantage® Business Program ranged from $50 a month for professional liability to $192 a month for workers’ compensation.

Your rate is based on the specific types of coverage you need, and that depends on the type of work you do and the risk involved. Each business is different, and so is their exposure to risk.

Common questions

What does business insurance cover?

Business insurance isn’t a specific coverage. It’s a term used to describe one or more individual coverages that protect a small business. The range of protection depends on the specific coverages a business carries. For example, “business insurance” can refer to a single coverage, such as general liability, but it can also include many more.

Which coverages do I need?

Each business has unique needs, but nearly all should consider general liability. It’s the most common coverage, protecting businesses against a wide variety of situations involving third-party injuries or property damage (e.g. slip and falls, broken windows).

If you or your employees drive for work-related tasks, you’ll probably need commercial auto insurance. Most states require that you carry workers’ compensation if you have employees.

Why do I need business insurance?

You need it to protect against severe financial loss. Without it, your business could be crippled by a single incident. For example, a customer was injured and you’re legally responsible. Without insurance, the medical bills and legal fees could become impossible to afford. Don’t let this happen to you.

Do I need business insurance if I’m a sole proprietor?

Yes. As a matter of fact, sole proprietors are personally responsible for their business’s debts. This means their personal assets, such as bank accounts or property, might be targeted to satisfy an outstanding business debt. Accidents are unavoidable, but the financial impact they can cause is something you should plan for no matter how small your business is.

Quote online or call for expert advice.

Quote Online Call (516) 754-1981

POWERED BY BK BROKERAGE LLC
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