{"id":40623,"date":"2021-03-26T00:14:07","date_gmt":"2021-03-26T04:14:07","guid":{"rendered":"https:\/\/www.andysowards.com\/blog\/?p=40623"},"modified":"2025-05-07T14:43:29","modified_gmt":"2025-05-07T18:43:29","slug":"the-top-4-most-common-types-of-small-business-insurance","status":"publish","type":"post","link":"https:\/\/www.andysowards.com\/blog\/2021\/the-top-4-most-common-types-of-small-business-insurance\/","title":{"rendered":"The Top 4 Most Common Types of Small Business Insurance"},"content":{"rendered":"\n

\u201cBusiness insurance\u201d is a couple of loaded but essential words. There is insurance for just about anything\u2014sales, death, product damage, and customizable insurance for your specific needs. It is costly, but you will be thankful that you had the forethought to protect your small business against nefarious damages.<\/p>\n\n\n\n

\"\"<\/a>
Do Freelance Designers Really Need Insurance?<\/figcaption><\/figure>\n\n\n\n

There are almost too many options for business insurance\u2014and you can learn more<\/a> after digging around the internet. They all sound necessary because you never know what will happen tomorrow, but you can get away with the most necessary business insurance plans. Our job is to give you a synthesized answer rather than to make you scratch your head more. Here are the top four most common types of small business insurance to consider when launching your small business.<\/p>\n\n\n\n

\n\n\n\n

Workers\u2019 Compensation Insurance<\/strong><\/h2>\n\n\n\n
\"\"<\/a>
How To Maintain A Safe Work Environment<\/figcaption><\/figure>\n\n\n\n

Workers\u2019 Compensation Insurance is federally and state-required when starting a<\/p>\n\n\n\n

business\u2014if you plan on hiring employees. If you have employees working under<\/p>\n\n\n\n

you, they must be protected if an accident occurs. Otherwise, nothing is protecting them from missed wages or hospital stays, and nothing is saving you<\/p>\n\n\n\n

from a major lawsuit.<\/p>\n\n\n\n

Even if you run an online business from the comfort of your home with two other employees, you should still have workers\u2019 compensation insurance. Accidents can happen anywhere, regardless of the low-impact work. Sometimes, an employee might need physical therapy to correct their posture from sitting too frequently in an office chair. Corrective practices like physical therapy are also included in workers\u2019 compensation insurance!  Additionally, if you\u2019re self-employed and working from home, you should also make sure you have individual disability insurance<\/a> so that your own income is protected in the case of an unforeseen accident. <\/p>\n\n\n\n

General Liability Insurance<\/strong><\/h2>\n\n\n\n
\"\"<\/a>
Tips To Protect Your Business From Harm<\/figcaption><\/figure>\n\n\n\n

Whether it is medical expenses, legal fees, or any issues that your business might be legally responsible for\u2014general liability insurance has you covered. It only takes one lousy lawsuit to drag your small business through the shredder and to diminish your credibility as a company. General liability can protect your business from defamation, slander and defence costs. If you are looking for encompassing insurance that will take some stress off your plate\u2014general liability insurance is a helpful coverage to have. In more serious cases involving accusations of deception or misrepresentation, working with a fraud attorney<\/a> can help you navigate legal hurdles before things escalate. It’s smart to know your resources just in case.<\/p>\n\n\n\n

Cyber Insurance<\/strong><\/h2>\n\n\n\n
\"\"<\/a>
Strong Access Control Is Essential to Minimizing Ransomware Impacts<\/figcaption><\/figure>\n\n\n\n

If your business does anything<\/em> online, you must have cyber insurance.<\/p>\n\n\n\n

In this day and age, an online presence is essential. If you aren\u2019t online with social media or a personal website (often you need both), you are doing something wrong. Whether it is an extension of your physical business or your primary business, new problems can arise from a cyber company\u2019s security threats.<\/p>\n\n\n\n

We still do not have a complete understanding of the risk that cyber threats pose\u2014hackers think of new and inventive ways to target social media accounts, bank accounts and customer data on business websites daily. You need to make sure your business, and the sensitive data that your customers entrust to you, are safe from cybersecurity threats. When looking at cyber insurance policies\u2014look for financial data coverage and coverage for credit card processing.<\/p>\n\n\n\n

Umbrella Insurance<\/strong><\/h2>\n\n\n\n
\"\"<\/a>
6 Reasons Why Small Business Insurance Shouldn\u2019t be Ignored<\/figcaption><\/figure>\n\n\n\n

What do you need on a rainy day? An umbrella!<\/p>\n\n\n\n

Imagine another layer added to your general liability insurance\u2014this is why people purchase umbrella insurance. Umbrella insurance is an extra layer of protection for your small business. There are many angles to look at the potential risks that could bring your small business down, so umbrella insurance gives you extra coverage in areas like legal fees, damage expenses, and medical coverage.<\/p>\n\n\n\n

It might seem paranoid, but you really must think ahead to potential risks in the future. These potential risks shouldn\u2019t deter you from pursuing the small business of your dreams, and this is why business insurance is necessary! Business insurance gives you some peace of mind when you feel afloat.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cBusiness insurance\u201d is a couple of loaded but essential words. There is insurance for just about anything\u2014sales, death, product damage, and customizable insurance for your specific needs. It is costly,<\/p>\n","protected":false},"author":1,"featured_media":40631,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categories":[109,5695,5633],"tags":[5891,11166,10476,8293,13790,13788,5841,9833,11418,11419,5901,13791,11311,13789],"yoast_head":"\nThe Top 4 Most Common Types of Small Business Insurance<\/title>\n<meta name=\"description\" content=\"\u201cBusiness insurance\u201d is a couple of loaded but essential words. There is insurance for just about anything\u2014sales, death, product damage, and customizable\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.andysowards.com\/blog\/2021\/the-top-4-most-common-types-of-small-business-insurance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Top 4 Most Common Types of Small Business Insurance\" \/>\n<meta property=\"og:description\" content=\"\u201cBusiness insurance\u201d is a couple of loaded but essential words. There is insurance for just about anything\u2014sales, death, product damage, and customizable\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.andysowards.com\/blog\/2021\/the-top-4-most-common-types-of-small-business-insurance\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Business Resources for Entrepreneurs, Web Designers, & Creatives by Andy Sowards\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/andysowardsfan\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-26T04:14:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-07T18:43:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.andysowards.com\/blog\/assets\/The-Top-4-Most-Common-Types-of-Small-Business-Insurance-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Andy Sowards\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@andysowards\" \/>\n<meta name=\"twitter:site\" content=\"@andysowards\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Andy Sowards\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.andysowards.com\/blog\/2021\/the-top-4-most-common-types-of-small-business-insurance\/\",\"url\":\"https:\/\/www.andysowards.com\/blog\/2021\/the-top-4-most-common-types-of-small-business-insurance\/\",\"name\":\"The Top 4 Most Common Types of Small Business Insurance\",\"isPartOf\":{\"@id\":\"https:\/\/www.andysowards.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.andysowards.com\/blog\/2021\/the-top-4-most-common-types-of-small-business-insurance\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.andysowards.com\/blog\/2021\/the-top-4-most-common-types-of-small-business-insurance\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.andysowards.com\/blog\/assets\/The-Top-4-Most-Common-Types-of-Small-Business-Insurance-1.jpg\",\"datePublished\":\"2021-03-26T04:14:07+00:00\",\"dateModified\":\"2025-05-07T18:43:29+00:00\",\"author\":{\"@id\":\"https:\/\/www.andysowards.com\/blog\/#\/schema\/person\/2e0f72bd7f6497fd883e2bd67d9f3415\"},\"description\":\"\u201cBusiness insurance\u201d is a couple of loaded but essential words. There is insurance for just about anything\u2014sales, death, product damage, and customizable\",\"breadcrumb\":{\"@id\":\"https:\/\/www.andysowards.com\/blog\/2021\/the-top-4-most-common-types-of-small-business-insurance\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.andysowards.com\/blog\/2021\/the-top-4-most-common-types-of-small-business-insurance\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.andysowards.com\/blog\/2021\/the-top-4-most-common-types-of-small-business-insurance\/#primaryimage\",\"url\":\"https:\/\/www.andysowards.com\/blog\/assets\/The-Top-4-Most-Common-Types-of-Small-Business-Insurance-1.jpg\",\"contentUrl\":\"https:\/\/www.andysowards.com\/blog\/assets\/The-Top-4-Most-Common-Types-of-Small-Business-Insurance-1.jpg\",\"width\":1024,\"height\":576},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.andysowards.com\/blog\/2021\/the-top-4-most-common-types-of-small-business-insurance\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.andysowards.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Top 4 Most Common Types of Small Business Insurance\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.andysowards.com\/blog\/#website\",\"url\":\"https:\/\/www.andysowards.com\/blog\/\",\"name\":\"Daily Business Resources for Entrepreneurs, Web Designers, & Creatives by Andy Sowards\",\"description\":\"Design Inspiration & Business Resources for Creatives\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.andysowards.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.andysowards.com\/blog\/#\/schema\/person\/2e0f72bd7f6497fd883e2bd67d9f3415\",\"name\":\"Andy Sowards\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.andysowards.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/15f95b011563b5894883b22bd4b32d59?s=96&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/15f95b011563b5894883b22bd4b32d59?s=96&r=pg\",\"caption\":\"Andy Sowards\"},\"description\":\"Im a professional Freelancer specializing in Web Developer, Design, Programming web applications. Im an Avid member of the Design\/Development community and a Serial Blogger. follow me on Twitter @AndySowards\",\"sameAs\":[\"https:\/\/www.andysowards.com\"],\"url\":\"https:\/\/www.andysowards.com\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Top 4 Most Common Types of Small Business Insurance","description":"\u201cBusiness insurance\u201d is a couple of loaded but essential words. There is insurance for just about anything\u2014sales, death, product damage, and customizable","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.andysowards.com\/blog\/2021\/the-top-4-most-common-types-of-small-business-insurance\/","og_locale":"en_US","og_type":"article","og_title":"The Top 4 Most Common Types of Small Business Insurance","og_description":"\u201cBusiness insurance\u201d is a couple of loaded but essential words. There is insurance for just about anything\u2014sales, death, product damage, and customizable","og_url":"https:\/\/www.andysowards.com\/blog\/2021\/the-top-4-most-common-types-of-small-business-insurance\/","og_site_name":"Daily Business Resources for Entrepreneurs, Web Designers, & Creatives by Andy Sowards","article_publisher":"http:\/\/facebook.com\/andysowardsfan","article_published_time":"2021-03-26T04:14:07+00:00","article_modified_time":"2025-05-07T18:43:29+00:00","og_image":[{"width":1024,"height":576,"url":"https:\/\/www.andysowards.com\/blog\/assets\/The-Top-4-Most-Common-Types-of-Small-Business-Insurance-1.jpg","type":"image\/jpeg"}],"author":"Andy Sowards","twitter_card":"summary_large_image","twitter_creator":"@andysowards","twitter_site":"@andysowards","twitter_misc":{"Written by":"Andy Sowards","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.andysowards.com\/blog\/2021\/the-top-4-most-common-types-of-small-business-insurance\/","url":"https:\/\/www.andysowards.com\/blog\/2021\/the-top-4-most-common-types-of-small-business-insurance\/","name":"The Top 4 Most Common Types of Small Business Insurance","isPartOf":{"@id":"https:\/\/www.andysowards.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.andysowards.com\/blog\/2021\/the-top-4-most-common-types-of-small-business-insurance\/#primaryimage"},"image":{"@id":"https:\/\/www.andysowards.com\/blog\/2021\/the-top-4-most-common-types-of-small-business-insurance\/#primaryimage"},"thumbnailUrl":"https:\/\/www.andysowards.com\/blog\/assets\/The-Top-4-Most-Common-Types-of-Small-Business-Insurance-1.jpg","datePublished":"2021-03-26T04:14:07+00:00","dateModified":"2025-05-07T18:43:29+00:00","author":{"@id":"https:\/\/www.andysowards.com\/blog\/#\/schema\/person\/2e0f72bd7f6497fd883e2bd67d9f3415"},"description":"\u201cBusiness insurance\u201d is a couple of loaded but essential words. There is insurance for just about anything\u2014sales, death, product damage, and customizable","breadcrumb":{"@id":"https:\/\/www.andysowards.com\/blog\/2021\/the-top-4-most-common-types-of-small-business-insurance\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.andysowards.com\/blog\/2021\/the-top-4-most-common-types-of-small-business-insurance\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.andysowards.com\/blog\/2021\/the-top-4-most-common-types-of-small-business-insurance\/#primaryimage","url":"https:\/\/www.andysowards.com\/blog\/assets\/The-Top-4-Most-Common-Types-of-Small-Business-Insurance-1.jpg","contentUrl":"https:\/\/www.andysowards.com\/blog\/assets\/The-Top-4-Most-Common-Types-of-Small-Business-Insurance-1.jpg","width":1024,"height":576},{"@type":"BreadcrumbList","@id":"https:\/\/www.andysowards.com\/blog\/2021\/the-top-4-most-common-types-of-small-business-insurance\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.andysowards.com\/blog\/"},{"@type":"ListItem","position":2,"name":"The Top 4 Most Common Types of Small Business Insurance"}]},{"@type":"WebSite","@id":"https:\/\/www.andysowards.com\/blog\/#website","url":"https:\/\/www.andysowards.com\/blog\/","name":"Daily Business Resources for Entrepreneurs, Web Designers, & Creatives by Andy Sowards","description":"Design Inspiration & Business Resources for Creatives","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.andysowards.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.andysowards.com\/blog\/#\/schema\/person\/2e0f72bd7f6497fd883e2bd67d9f3415","name":"Andy Sowards","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.andysowards.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/15f95b011563b5894883b22bd4b32d59?s=96&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/15f95b011563b5894883b22bd4b32d59?s=96&r=pg","caption":"Andy Sowards"},"description":"Im a professional Freelancer specializing in Web Developer, Design, Programming web applications. Im an Avid member of the Design\/Development community and a Serial Blogger. follow me on Twitter @AndySowards","sameAs":["https:\/\/www.andysowards.com"],"url":"https:\/\/www.andysowards.com\/blog\/author\/admin\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/posts\/40623"}],"collection":[{"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/comments?post=40623"}],"version-history":[{"count":4,"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/posts\/40623\/revisions"}],"predecessor-version":[{"id":48713,"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/posts\/40623\/revisions\/48713"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/media\/40631"}],"wp:attachment":[{"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/media?parent=40623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/categories?post=40623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/tags?post=40623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}