Different Types of Business Insurance Coverage You Might Need
Every business is unique. Your business may have different needs than another company down the street. Although a Business Owner’s Policy and workers’ comp insurance is a good start, you may need different types of business insurance coverage to address your company’s specific needs.
Use business income insurance to help replace lost income when a business is unable to function and generate earnings because of a covered property loss or damage from incidents like fire, wind and theft.
Help shelter your business from flooding caused by hurricanes, rain, snow melts and construction runoff. The Hartford offers commercial flood insurance through the National Flood Insurance Program.
Commercial property insurance protects the property your business owns and leases. This includes buildings, equipment, inventory and furniture. It also helps cover lost income if you can’t run your business because of covered property damage.
Cyber Insurance, also known as Data Breach & Cyber Liability Insurance, helps cover liability expenses that respond to data loss or theft. It also helps your company comply with data-related regulatory requirements and provides guidance on how to prevent and handle a data breach.
Employment practices liability insurance helps cover defense and damage costs resulting from a variety of employment-related claims. These could include allegations of wrongful termination, discrimination, workplace harassment or retaliation.
Do you run a business out of your home? Without the right coverage, home-based businesses could be financially responsible for property damage, lawsuits, employee injuries or issues related to data loss.
Management needs protection, too. This type of business insurance helps protects your business and executive team from potential losses stemming from the management of the company or organization.
Marine insurance covers cargo and the vehicles carrying it over land, sea and air. The Hartford offers a full range of specialized inland and ocean marine protection for a broad variety of industries.
Multinational Choice insurance from The Hartford bundles key coverages for businesses and educational institutions that do business outside the U.S. or have locations or employees overseas.
The Hartford’s risk engineering professional are knowledgeable on various topics, such as ergonomic evaluations and training. The risk engineering team helps businesses proactively combat key workers’ compensation loss drivers.
Coordinated claims experience and absence reporting solution to help improve outcomes for employers through increased productivity and create a seamless, simplified experience for employers.
Business insurance requirements differ from state to state. So it’s important to check with a trusted insurance company like The Hartford as you start your insurance journey. You can count on us or your trusted insurance agent to help you customize the right policy for your business. We can help you find the right coverages to help address your business’s unique needs.