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The Atlantic Business Federation and Zensurance have partnered to offer you competitive rates on 100s of industry-specific
business insurance packages. Get your free quote today! It’s easy and takes only a few minutes.

What does Business Insurance cover?

Business insurance is an umbrella term used to describe common types of insurance business owners require to cover costs associated with third-party liability lawsuits or claims.
Explore the following insurance policies for specific coverage information:
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  • Commercial General Liability Insurance (CGL) provides financial protection against claims or lawsuits alleging third-party bodily injury or property damage as a result of your business operations.
  • Professional Liability Insurance, also known as Errors and Omissions Insurance, protects professionals against claims or lawsuits alleging negligence, errors, omissions, or failure to deliver a service as advertised.
  • Product Liability Insurance protects against claims or lawsuits alleging third-party bodily injury or property damage due to a product you sold or manufactured.

Additional Coverage

Who needs Business Insurance?

Regardless of size or industry, insurance is critical for the long term survival of your business.
Business insurance provides coverage for the financial costs associated with unforeseen events such as damage caused to third parties, accusations of professional negligence or defective products.

Your business is unique and your coverage will vary. Speak with your broker to find a policy to suit your needs.
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Read about four examples where insurance saved a startup.

What is the cost of Business Insurance?

For a low-risk small-business, you can anticipate spending approximately $650 annually on a basic commercial general liability insurance policy with a $2M limit.

The amount of coverage you require varies, as does the price of your premium. A number of factors are taken into consideration when determining the cost of an insurance policy, such as:
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  • Industry
  • Risk Exposure
  • Years of Experience
  • Location
  • Number of Employees
  • Revenue
  • Claims History
Read more about how much business insurance costs