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Business Insurance

Insurance policies that protect a business against financial losses from liability, property damage, employee injury, and business interruption.

Business insurance transfers specific financial risks from the business to an insurer in exchange for premium payments. The core types for a small business include general liability (covers injury or damage claims from third parties), property insurance (covers damage to the business’s physical assets), workers’ compensation (covers employee injuries — required by law in most states), and business interruption insurance (covers lost revenue during forced closure).

Additional coverage depends on the business type: food businesses may need product liability or spoilage coverage; businesses with vehicles need commercial auto; professionals may need errors and omissions (E&O) coverage. A Business Owner’s Policy (BOP) bundles general liability and property insurance at a lower cost than separate policies.

See Permits, Licenses, and Insurance.

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@misc{emsenn2026-business-insurance,
  author    = {emsenn},
  title     = {Business Insurance},
  year      = {2026},
  note      = {Insurance policies that protect a business against financial losses from liability, property damage, employee injury, and business interruption.},
  url       = {https://emsenn.net/library/business/terms/business-insurance/},
  publisher = {emsenn.net},
  license   = {CC BY-SA 4.0}
}