Running a business comes with risks, and having the right business insurance coverage is essential to protecting your company, employees, and financial future. Whether you own a small startup or a growing enterprise, Connecticut business owners need a solid insurance strategy to safeguard against unexpected events. 

Here’s a look at the must-have policies every business should consider.

1. General Liability Insurance

General liability insurance is the foundation of business protection. It covers bodily injury, property damage, and legal costs if someone is injured on your business premises or if your operations cause harm to another person or business. Without this coverage, you could face costly lawsuits that threaten your company’s stability.

2. Workers’ Compensation Insurance

If you have employees in Connecticut, workers’ compensation insurance is required by law. This policy provides benefits for employees who are injured or become ill due to work-related activities. It covers medical expenses, lost wages, and rehabilitation costs, ensuring that both your employees and business are protected.

3. Professional Liability Insurance (Errors & Omissions)

If your business offers professional services, professional liability insurance (E&O) is crucial. It protects against claims of negligence, mistakes, or failure to deliver services as promised. Industries such as law, accounting, consulting, and healthcare especially benefit from this coverage.

4. Commercial Property Insurance

Whether you own or lease office space, commercial property insurance covers damage to buildings, equipment, inventory, and furniture due to fire, theft, or natural disasters.

5. Business Interruption Insurance

If an unexpected event (like a fire or storm) forces your business to temporarily close, this coverage helps replace lost income and cover ongoing expenses.

Get the Right Coverage for Your Business

Every business has unique risks. Speak with an insurance expert to customize a policy that fits your needs. Investing in the right coverage now ensures that your business remains protected no matter what challenges arise.