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What Types of Business Insurance Should You Consider?

Business Insurance

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Business insurance is vital to protecting your business from potential risks and liabilities. Not only can it provide peace of mind to business owners, but it can also help cover expenses in the event of a disaster or legal dispute.

When looking into business insurance, there are many different types that you should consider in addition to worker’s compensation. Here are some of the business insurance that you should consider for your business:

General Liability Insurance

Protects your business if it is sued for negligence or other liability-related claims. This type of insurance covers the cost of legal fees, court costs, and damages that are awarded against your business.

The policy also covers property damage and bodily injury. This type of insurance is especially important if you run a business that handles hazardous materials or has employees who could cause bodily harm to themselves or others.

Professional Liability Insurance

Professional liability insurance, also known as errors and omissions insurance, covers claims arising from professional services provided by your business. This type of insurance can help protect you and your business from claims of negligence, malpractice, and other potential errors.

Product Liability Insurance

Product liability insurance protects you if you’re held liable for the damage or injury caused by a product you manufacture, distribute or sell. It may be used in conjunction with other types of insurance, such as general liability. This type of insurance can cover medical expenses, legal fees, and other costs associated with defending the claim.

Cyber Liability Insurance

Cyber liability insurance covers the cost of a business’s defense in the event of a cyber-attack. It also pays for legal expenses and any damages sustained by the company as a result of the attack. This type of policy is essential for businesses that store sensitive data or conduct transactions online.

Commercial Property Insurance

Whether you’re a small business or a large corporation, commercial property insurance is one of the most important policies you can have. This type of insurance covers the structure of your building and its contents, as well as any other physical items on the premises.

Commercial property insurance protects against losses from fire or other natural disasters, theft, vandalism, and more. It also provides liability coverage in case someone gets hurt on your property or someone sues you for some reason related to your business. While standard commercial property insurance may be enough for some companies, others might need additional coverage for things like storm damage or earthquakes.

Contractors Insurance 

This insurance covers contractors from liability and property damage claims arising from their work on a project. It can also provide coverage for contractors’ materials and equipment to complete the job. Having this type of insurance will be important if you have workers on-site and a contract to complete the job.


By investing in the right business insurance, you can protect your business from potential risks and liabilities. The right insurance policy will also help you to sleep better at night, knowing that you are protected. No business wants to deal with a lawsuit’s financial and legal consequences, so it’s important to have the right coverage.

Talk to a business insurance agency in Fort Myers today to find out what coverage you need. Contact Bassine Insurance to find out how we can help you. We provide various insurance solutions, from personal to business insurance.

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