From family-run construction companies to small-town boutiques and cafes, you work hard to operate and maintain your small business. No matter what industry you are in, you likely need small business insurance. Having it can help protect everything you have worked so hard to build.

Small business insurance can help cover the unexpected costs that result from accidents, natural disasters, lawsuits, and more.

Picking The Right Types of Business Insurance For Your Needs

The most common type of business insurance is a Business Owner’s Policy (BOP). This type of coverage typically includes:

  • General Liability Insurance
  • Business Income Insurance
  • Commercial Property Insurance

In addition to a BOP, the federal government requires that every business with employees has workers’ compensation, unemployment, and disability insurance. Your state may also require additional insurance.

Coverage needs are different based on your industry and business and it is important to have the right coverage for your situation. Your independent insurance agent can help you determine which coverages make sense for your business and budget.

Cost of Small Business Insurance

The cost of small business insurance varies depending on the type of company and industry. Every small business is unique. Some factors that go into determining the cost of your small business insurance include:

  • Size
  • Experience
  • Claims History
  • Industry Risk
  • Payroll

It’s also important to note that managing your risks, can help lower the cost of your small business insurance. Try implementing on-the-job safety procedures and creating a risk management plan. For more information on managing your risks visit

Buying Small Business Insurance

When it comes to selecting and purchasing your small business insurance, it can seem overwhelming. There are a lot of coverage options and it can be hard to determine what your business needs are and what the best coverages are. Here are 4 steps to buying small business insurance from the U.S. Small Business Administration:

  1. Assess your risks. Think about what kind of accidents, natural disasters, or lawsuits could damage your business. For example, if your business is located in a commercial area that is at risk from seasonal events such as fire or hail storms, commercial property insurance will help protect against loss.
  2. Find a reputable licensed agent. Commercial insurance agents can help you find policies that match your business needs.
  3. Shop around. Prices and benefits can vary significantly. You should compare rates, terms, and benefits for insurance offers from several different agents.
  4. Re-assess every year. As your business grows, so do your liabilities. If you have purchased or replaced equipment or expanded operations, you should contact your insurance agent to discuss changes in your business and how they affect your coverage.

Working with an independent insurance agent like the ones here Gannon Associates Insurance… you are never alone. Our agents can help you assess your risks, determine what coverages are right for you, shop the market, and find the right insurance options for your needs and budget. They are also there to help you with any changes, claims, and more. Our staff is ready to help you protect your small business.

Give us a call at 844-GANNONS or visit to get the conversation started today!