07/29/2025
Who Needs Commercial Insurance?
Running a business involves risks, so even the smallest business should consider obtaining commercial insurance to cover those risks. For instance, some home-based businesses do not carry commercial insurance, despite most home policies covering a maximum of $2,500 in business assets. Other small business owners mistakenly rely on their personal auto policy to cover business-related vehicle use when their personal policy does not cover business use.
Beyond very small businesses, any business with employees needs Workers’ Compensation insurance to protect itself against claims made by injured employees. Similarly, if your business owns or rents space, commercial and property liability insurance becomes essential, particularly if customers or suppliers visit your premises. Various specialized commercial insurance policies, varying by industry or profession, also apply to many businesses and professions.
Small businesses working with government agencies and many private companies often also have insurance requirements embedded in their contracts, so they consider carrying proper commercial insurance a fundamental cost of doing business.
Whether your business is large or small, it’s best to discuss how to protect your business and personal assets with a trusted insurance agent. Call us at 757-899-2342 for your commercial insurance needs.
