Basic Coverage


Most business insurance coverages are optional. However, having at least a basic business insurance policy is greatly recommended for every business owner, no matter the size of the company. Owners of a Limited Liability Company (LLC) or corporation should also have business insurance. An LLC keeps an owner’s personal assets separate from the company but the business still needs its own insurance policy.

The most basic form of insurance every business should have is general liability.

General Liability

General liability (GL), known in the industry as business liability insurance, protects against claims from normal business operations.

Insured perils include:

  • Property damage: This coverage protects from claims that result from damaging a third party’s property.
  • Physical injury: If a customer is injured on company property or as a result of a service, physical injury coverage will pay for medical expenses that result from the event, no matter who is found liable.
  • Legal costs: Legal defense coverage pays for legal representation in lawsuits resulting from an insured peril.
  • Personal and advertising injury: If a company is sued for libel and slander, personal and advertising injury pays for the damages, up to policy limits.

Do you need more information about business insurance? Our agents and customer service representatives are here to help. Call us today at 1-888-949-6289 or visit your nearest Insurance Navy location. For your convenience, Insurance Navy is open from 8 a.m. to 9 p.m. CST, 7 days a week.

*Please review your own policy carefully for details on business insurance coverages. Coverages vary by contract.