Business Insurance

Yes, most states legally require workers' compensation and commercial auto insurance if you hire employees or drive for business. Other policies may be required by landlords or client contracts. 

It covers costs if a third party (such as a customer or vendor) suffers bodily injury at your workplace, has their property damaged by your business, or sues you for advertising injuries, such as libel. 

A BOP bundles general liability and commercial property insurance into one discounted package, making it highly affordable for small businesses. 

Costs vary wildly based on your industry, location, payroll size, and annual revenue. A small consultant might pay $500 a year, while a construction contractor could pay thousands of dollars. 

Costs vary widely based on your industry, location, payroll size, and annual revenue. A small consultant might pay $500 a year, while a construction contractor could pay thousands of dollars.