You might not describe yourself as a “garage keeper,” but that’s the name the insurance industry uses for people in your position. Garage keepers insurance is an add-on (also known in garaging insurance as an endorsement) that can be included with a business owners policy or BOP (also called property & liability insurance) or other types of insurance.

If you own a small business where vehicles are used to make deliveries, travel to meetings or work sites, run errands, etc., you’ve probably wondered, “Do I need commercial car insurance?” That’s an important question to ask, since even minor accidents can produce major financial burdens if they aren’t covered by insurance.

It’s crucial that companies have the right insurance for small business. Just as importantly, when incidents occur and insurance claims are made, insurance claims payouts should happen quickly and efficiently.

Do you have questions like, “How much umbrella insurance do I need?” or “How much does umbrella insurance cost?” Before you decide how much commercial umbrella insurance coverage you actually require, it’s important to understand how this type of policy works.

Many of the companies started every year take the form of a limited liability company or LLC. Registering as an LLC provides a certain amount of separation between your business assets and your personal assets.

General liability insurance is a type of coverage that many businesses have and all companies should at least consider. It can protect your business from many different types of risk. How much does small business liability insurance cost on average? That depends on several factors, but it’s also important to consider the value of liability insurance.

Both business liability insurance, like a general liability policy, and errors and omissions insurance (also called E&O insurance or professional liability insurance) help protect your company from lawsuits and the associated costs. However, they’re designed to address different kinds of risks.

Workers’ compensation insurance is coverage that helps pay costs associated with on-the-job injuries, illnesses, and fatalities. This can include medical care, lost wages, and other benefits. Sometimes called workman’s comp insurance, it’s typically mandatory for businesses that have employees.

Workers’ comp insurance helps pay bills associated with work-related injuries, illnesses, or fatalities, including medical care, lost wages, and funeral costs. Most states require businesses that have employees to maintain workers’ comp coverage for them.