Business Owner Insurance

Owning your own business is a dream for many people, but one full of responsibilities. From one-person, home-based businesses to multi-employee startups, you need to protect the financial wellbeing of yourself, your business, your employees, and your family — all while offering the best services and products to your customers.

Every business, large and small, needs to be properly insured. At State Wide CT, we understand the headaches of starting your own business — we’re a local agency proudly serving Connecticut! That’s why we’re perfectly equipped to find the right coverage for you.

What does business owner insurance cover?

Business owner insurance is most often used by small to medium-sized businesses including restaurants, retail stores, wholesalers, contractors, and others. It includes both liability and property in one convenient package.

Liability Coverage

Liability coverage is the same thing as a general liability policy for businesses. It protects you in the event of:

  • customer injury
  • property damage
  • advertising injury
  • product-related claims

It’s possible you may only need general liability coverage for your business. But if your business has a physical location, you should also look into property coverage.

Property Coverage

Property coverage protects the commercial buildings and moveable property owned by, and used for, the business. For example, you’ll be covered if a fire breaks out in your store or equipment is stolen off of your property.

We can also specialize these plans to cover things such as:

  • intellectual property
  • data breaches
  • off-premises utility services

What does business owner insurance not cover?

One thing not protected by your business owner insurance policy is your employees. If you have employees, you’ll need a separate workers compensation policy to financially protect them and yourself in the event of injury.

If your business owns, rents, or leases commercial cars or trucks, you will need a separate commercial vehicle policy. This financially protects you and your employees in the event of an accident involving your company’s vehicles.

The local insurance agents at State Wide have expertise with these types of coverage and more. Contact us today to build the perfect business coverage plan.