Cost varies based on your industry, payroll, location, claims history and coverage limits. At EverPeak, commercial coverage starts as low as $18 a month, though your exact rate depends on your specific risk profile. Connect with an agent for a customized quote.

Often, yes. A Business owner’s policy (BOP), for example, can bundle property and liability coverage under one plan. Higher-risk or more specialized trades may need additional standalone coverage layered on top, depending on how they operate.

In many states, businesses with employees are required to carry workers’ compensation insurance. Other coverage, like general liability, is often required by landlords or client contracts rather than by state law. Since requirements vary by state and industry, it’s worth confirming your specific obligations.

Most businesses need some combination of workers’ compensation, general liability, and property coverage, though the exact mix depends on your industry, state and number of employees. An agent can help sort out what’s required for your business versus what’s simply smart to carry.

Business insurance protects your company from the financial cost of accidents, injuries, lawsuits and property damage. Without it, a single incident — an employee injury, a client lawsuit, a fire — can cost far more than a policy would.