Business Insurance Policies For Every Sized Business


Group of business people working together in office .

Business Insurance Considerations

Every business has different insurance needs depending on its location, number of employees, and size. Looking for the right amount of coverage can seem like a very daunting task. However, it does not have to be. Starting to look for coverage based off of the size of your business can help to ensure that you find the perfect coverage for your needs.

  • Home based business – thousands of successful businesses have started at someone’s coffee table. Your existing homeowners insurance policy will provide some coverage while you are working from home, but probably not enough. Talking with your insurance agent can help you decide if you need to raise your home insurance limits or if you need a completely new policy.
  • Small businesses – if you only have a handful of employees and are not bringing in millions of dollars just yet, your business is probably considered a small business. Investing in a business owner’s policy, also known as a BOP can provide the coverage needed if your business has less than 100 employees.
  • Medium sized businesses – if your company has between 50 and 1,000 employees and has an annual revenue between $10 million and $1 billion, you should be looking for insurance policies that are specifically designed for medium sized businesses.
  • Large businesses – large businesses have very specialized, multi-million dollar risks. Investing in a commercial insurance policy is the best way to ensure that you have the right amount of coverage. Make sure to work closely with your insurance agent to find out if there are any customized policies that you will need.

For all of your commercial business insurance needs to provide the coverage that your business needs, no matter what size, contact the insurance professionals at Desert Empire Insurance at Palm Desert, California.