The 3 Best Business Liability Insurance Providers

Business liability insurance protects your business assets and covers certain financial obligations incurred when you or an employee of your business causes property damage or injury to another party. This kind of coverage often pays for medical costs and property repair or replacement costs in addition to legal defense fees and court settlements or trial awards. A variety of special liability coverage options are also available, including coverage for personal and advertising injury liability, product liability, and professional liability, which protects lawyers, consultants, and other professional service providers against claims of negligence. The type of business liability insurance you need to be fully protected depends largely on the type of business you run, the location of your business, and the special kinds of liability you face in your day-to-day operations. The business insurers below each provide flexible liability insurance options to meet the needs of virtually any small or mid-size business.

Nationwide Insurance delivers a comprehensive selection of liability insurance options to cover all kinds of liability risk common to small and mid-sized businesses. Work with a Nationwide agent to design a package of liability coverages specific to the industry and business environment you operate in. In addition to standard options such as product and professional liability coverage, Nationwide also offers employment-related liability coverage and similar options that together protect you from various types of claims arising in the workplace. Combine Nationwide Insurance business liability and property insurance in a business owner’s policy (BOP) to get all-around business protection.

Farmers Insurance is another terrific option for general and special business liability insurance coverage, both on its own and as a part of a BOP policy. General liability policies include coverage focused on protecting you against lawsuits and other legal claims arising from your business activity. These policies cover legal fees and damages as well as medical payments for injuries caused by you or your employees. If your business is exposed to computer-based risks, Farmers offers cyber liability coverage to provide forensic services and legal assistance to deal with the fallout of a data breach. A variety of additional coverage options are available on an industry-by-industry basis.

CNA specializes solely in commercial insurance, offering a deep selection of coverage options for businesses of all sizes, from small operations to Fortune 500 corporations. The company’s BOP package for small businesses offers flexible liability coverage options, including a wide variety of professional liability endorsements designed for specific industries. From florists to photographers and barbers to software developers, CNA delivers the targeted coverage needed to protect against all kinds of special business risk. Larger businesses in industries as diverse as wholesaling and finance can also get the liability protections and coverage limits they need to operate and compete effectively. What’s more, CNA delivers a variety of risk-control services to help you learn about potential risks common to your business and industry in order to minimize or eliminate them before they end in injury or a legal claim.