General liability insurance—This may protect your business if it’s responsible for third parties’ injuries or property damage. It may cover resulting legal fees (e.g., attorney fees, court costs), and it may help compensate third parties for their financial losses (e.g., medical expenses).

Property/Equipment insurance—Property coverage may protect your buildings and structures if they are damaged by covered events such as fires or explosions. Coverage may also be available to help protect your machinery and equipment if they are damaged by covered perils.

Inland marine insurance—This insurance may cover losses to your business’s materials and equipment as they are transported over land or stored off-site. 

Commercial auto insurance—This may provide coverage for your business’s vehicles utilized for your operations. It may help cover accident-related expenses or damages.

Professional liability insurance—This coverage is also known as errors and omissions insurance. It may cover claims that your business made a professional mistake that resulted in a financial loss to a third party. 

Equipment breakdown insurance—This may cover the cost to repair or replace equipment that breaks down due to covered events like power surges or short circuits. Lost income due to these breakdowns may also be covered.

Pollution liability insurance—This may provide coverage if your business is found to be responsible for releasing pollutants into the environment that injured or caused property damage to third parties.

Worker’s compensation insurance—If an employee suffers a work-related injury or illness, this coverage may provide medical expenses or wage-loss benefits.

Umbrella insurance— If a claim exceeds the value of your standard liability policy, umbrella insurance may cover the remaining amount.