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What Is Small Business Insurance?
The right coverage for your small business.

Small business insurance can help give you peace of mind by protecting what you’ve worked so hard to build. You can help cover your small business with a combination of different types of business insurance. What insurance do you need for a small business? It depends on your business industry, location, size, type, and payroll, among other details.

You know your business, but at Acrisure, we know how to help protect it. With Acrisure and our Partners specializing in small business insurance, you can get the right coverage for your business. We can help you find a business insurance solution by matching your business to the right insurer and allowing you to access the coverages you need. Help protect your hard work, employees, and business with Acrisure.

What Does Business Insurance Typically Cover?

There are many different types of small business insurance policies to consider, and each covers different types of claims or losses. Having insurance that helps cover your business for a wide range of potential risks and exposures can help give you the peace of mind to be able to instead focus on growing and managing your business.

The following types of coverage may help meet your small business's basic risk management needs:

  • Commercial General Liability (CGL) Insurance
  • Business Owner's Policy (BOP)
  • Workers' Compensation Insurance
  • Cyber Insurance
  • Professional Liability (E&O) Insurance
  • Commercial Auto Insurance
  • Hired and Non-Owned Automobile (HNOA) Insurance

Commercial General Liability Insurance: Commercial general liability insurance is the most common business insurance type that small business owners purchase. It may be required by certain leasing agreements and other contracts. Commercial general liability insurance typically covers claims made by third parties alleging bodily injury, property damage, and advertising injury caused by your business or its employees. You may want to consider commercial general liability insurance if your business includes working on a client’s property or interacting with the public, for example.

Business Owner's Policy: The convenience of commercial property and general liability insurance bundled together in one policy. This popular policy typically covers a broad range of claims, such as: property damage to your office and its contents, theft of equipment, damage to a client's property caused by your business or its employees, lost income due to a covered event, injuries to clients while in your office, and lawsuits that arise from advertising claims.

Workers' Compensation: Most states require this coverage. Workers' compensation insurance typically helps pay for medical bills and lost wages if an employee is injured while working on the job or suffers an illness as a result of working on the job. It also eliminates your business's liability if the injured worker files a lawsuit. Not maintaining this insurance for your small business may also result in harsh penalties and fines depending on your state and business type.

...And Other Policies: An errors and omissions (or E&O) insurance policy can help pay for legal fees and damages if a client sues a service provider for financial losses. Having this coverage can mean less worry about closing your business due to mistakes in rendering professional services. Cyber insurance can help your business recover from a cyber attack on your business. Commercial auto insurance can help cover the vehicles owned by your business, and HNOA insurance can help your business with resulting claims if you or your business’s employees ever rent or use their personal cars for business purposes and cause an accident.

Why Acrisure?

With a vast network of partners, global resources, industry-leading technology and tools, enhanced contracts, and a culture focused on collaboration and continuous innovation, Acrisure connects you to expertise that allows you to build a custom solution that perfectly matches you.

Our intelligence-driven approach to matching you with your ultimate solution allows us to speed decision-making in key areas, resulting in a faster, yet fully customized client experience.

Small Businesses We Serve
Acrisure Can Help Small Businesses Find the Right Insurance

You know your business, and we know insurance. At Acrisure, we take an interest in the insurance requirements of diverse small business industries, which allows us to help each customer find the right protection for their small business and its employees. Understanding the risks inherent to your market and industry helps us determine what type of coverage and how much coverage may be needed.

Acrisure can help these types of small businesses, and more!

  • Accountants
  • Architects
  • Auto Repair Shops
  • Barbers
  • Carpet Cleaners
  • Caterers
  • Chiropractors
  • Construction Contractors
  • Convenience Stores
  • Cosmetologists
  • Dentists
  • Dog Groomers
  • Drugstore and Pharmacies
  • Dry Cleaners
  • Electricians
  • Engineers
  • Flooring Contractors
  • Florists
  • Food Trucks and Vending
  • Freelance and Self-Employed
  • Funeral Homes and Services
  • Interior Designers and Decorators
  • Janitorial and Cleaning Services
  • Jewelers
  • Landscapers
  • Lawyers
  • Locksmiths
  • Nail Salons
  • Optometrists
  • Painters
  • Pet Sitters
  • Photographers and Graphic Designers
  • Physicians
  • Plumbers and HVAC
  • Property Managers
  • Real Estate Agents
  • Restaurants
  • Retail
  • Salon Owners
  • Travel Agents
  • Veterinarians
  • Video Production
States We Serve
Acrisure Serves Small Businesses Nationwide!

Did you know? Each state has its own requirements for small business insurance, and costs can also vary by state or region. Small business insurance costs are impacted by geographic risks like flooding and earthquakes, property values, population density, and crime rates. Acrisure can help your small business understand the insurance requirements in your state.

  • Alabama
  • Alaska
  • Arizona 
  • Arkansas 
  • California 
  • Colorado 
  • Connecticut 
  • Delaware 
  • Florida 
  • Georgia 
  • Hawaii 
  • Idaho 
  • Illinois
  • Indiana 
  • Iowa 
  • Kansas 
  • Kentucky 
  • Louisiana 
  • Maine 
  • Maryland 
  • Massachusetts 
  • Michigan 
  • Minnesota 
  • Mississippi 
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming
Do I need Small Business Insurance?
Being a small business owner gets more complicated all the time. What would happen if a cyber criminal targeted your business? Or a customer sued after falling on your business property? What would you do if a fire damaged your business’s equipment? Without the right small business insurance coverage, any one of these incidents could be especially devastating for your small business. At Acrisure, we want to help your business be able to survive these types of unexpected costs by having the right coverage in place. Request a quote now to get started!

Common Small Business Insurance Questions

  • Q: What is an insurance broker?
    An insurance broker represents you and helps you with purchasing an insurance policy or policies. Instead of going directly to an insurance company to purchase insurance, a broker like Acrisure can shop around for you and find a policy that’s right for your business.
  • Q: Does my small business need business insurance if I'm the only employee?

    Typically, yes. While your small business does not need a workers’ compensation policy in this case, there are other types of business insurance typically worth having for your business. Consider, for example, a commercial general liability or business owner’s policy as a basic business insurance policy, and then obtain additional policies depending on your business industry, location, number of employees, and type. Contact Acrisure today for more help!

  • Q: What happens if my business insurance policy expires?
    After your policy expiration date, your business will no longer have coverage (i.e., the protection) under that policy. Some insurance companies offer automatic renewals. In some cases, a company will decline to renew your policy for certain reasons, such as if you had many claims or if your business details changed and your business was deemed a higher risk. It is important to review your level of coverage prior to the renewal period and your expiration date.
How much will a policy cost your business? Answer a few questions and find out ASAP!