Starting or scaling a business is an exciting venture—but it’s not without risk. Whether you’re a sole proprietor, a growing startup, or an established company, having the right insurance in place is critical to protecting your operations, your people, and your future.
At DiStefano Insurance, we help business owners secure comprehensive coverage tailored to their industry and growth stage. Here’s a breakdown of the must-have insurance policies for businesses of all sizes.
1. General Liability Insurance
This foundational policy covers third-party claims of bodily injury, property damage, and personal injury (like libel or slander). Whether a client slips in your office or you accidentally damage a customer’s property, general liability insurance shields your business from costly legal expenses and settlements.
2. Commercial Property Insurance
If your business owns or leases space, equipment, or inventory, this coverage is essential. It protects against losses due to fire, theft, vandalism, or natural disasters—helping you recover quickly and minimize downtime.
3. Business Interruption Insurance
Also known as business income insurance, this policy compensates for lost revenue if your operations are temporarily shut down due to a covered event (e.g., fire, storm, or other disasters). It helps you continue paying employees, rent, and other fixed costs.
4. Professional Liability Insurance
Also called errors and omissions (E&O) insurance, this is critical for service-based businesses. It protects you from claims of negligence, mistakes, or failure to deliver services as promised—whether or not the claim has merit.
5. Workers’ Compensation Insurance
In most states, this coverage is legally required once you hire employees. It provides medical benefits and wage replacement for employees injured on the job, while also protecting your business from related lawsuits.
6. Cyber Liability Insurance
With the rise of cyber threats, even small businesses are vulnerable to data breaches and ransomware attacks. Cyber liability insurance helps cover the cost of data recovery, legal fees, customer notification, and reputational damage.
7. Commercial Auto Insurance
If your business owns or operates vehicles, this policy is a must. It covers liability and physical damage resulting from accidents involving company-owned cars, trucks, or vans.
Bonus: Business Owner’s Policy (BOP)
For small to midsize businesses, a Business Owner’s Policy bundles general liability, commercial property, and business interruption coverage—often at a lower premium than buying each policy separately.
Why Choose an Independent Insurance Agency?
At DiStefano Insurance, we’re not tied to a single provider. We work with multiple carriers to compare rates, customize policies, and deliver the most value for your premium. Whether you’re just launching or expanding your operations, we make sure your coverage scales with your growth.
Final Thoughts
Business insurance isn’t just a safety net—it’s a strategic investment. The right policies can help you mitigate risks, comply with legal requirements, and build a more resilient company.
Speak with one of our commercial insurance specialists today for a no-obligation risk assessment and coverage quote tailored to your business.