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Choose from a variety of commercial business insurance options
Business insurance 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.
From basic protection to specialized coverage, Pimentel Garcia, our insurance carriers offer several types of commercial insurance so you can get the best combination of coverages for each stage of your business’s development.
Types of Coverage
Business Owners Policy (BOP)This coverage packages business liability and property coverage into one policy. It’s a common choice for small businesses with commercial buildings or personal property. Commercial AutoYou need this coverage if you use your vehicles for business. This can include traveling between job sites, making deliveries or transporting tools and equipment. It provides liability and physical damage protection for your business vehicles and trailers. Cyber InsuranceProtects against electronic threats, such as data breaches and cyber-attacks. Businesses that store or process sensitive data like credit card information should consider this coverage. General LiabilityMost small businesses need this coverage. It guards against things like bodily injury, property damage, completed operations and advertising injury that arise from your business. Sometimes people refer to this coverage as “business insurance”. Professional LiabilityLiability protection for businesses who offer professional services or advice. It protects against claims of professional negligence. It’s also known as Errors and Omissions insurance (E&O). Worker’s CompensationThis protects you and your employees. It helps pay for expenses such as medical costs and lost wages related to employees who become injured or ill on the job.
Additional business insurance products
Commercial Property Insurance – Also called business property insurance, it protects commercial buildings and moveable property your business owns. It’s offered as a part of a BOP
Employment Practices Liability Insurance – Also known as EPLI, it protects against claims related to employee discrimination, sexual harassment and wrongful termination.
Excess and Surplus Insurance – Insurance for businesses who can’t get coverage in the admitted market. This includes new ventures and businesses with unusually high risk. It’s also known as E&S insurance.
Inland Marine Insurance – This is coverage for movable property, equipment, tools, supplies and various other goods during transport over land.
Liquor Liability Insurance – Liquor liability insurance is coverage for businesses that make, sell or serve alcoholic beverages. It’s also known as dram shop insurance.
Still have questions? Check out our FAQ!
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.
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.