August 26, 2025
Agency
Buying Small Business Insurance – What to Know
As the owner and operator of a small business, you help form a crucial component of your community. However, while running your own company can be rewarding and enjoyable, it also requires careful consideration of various risks and exposures. Additionally, you may be subject to certain legal requirements. Appropriate business insurance can help address many of these needs, potentially establishing essential financial security.
What is Small Business Insurance?
You’ll often need to weave together several types of insurance to form a sufficient financial safety net for your small business. Although some insurance companies may offer packages tailored toward the needs of small companies, these products may still need to be customized and enhanced to suit your unique needs.
What Types of Insurance Should I Have?
While your small business’s exact coverage needs may vary depending on its location, size and the industry in which it operates, several types of insurance may be advisable for many companies. Consider building your small business insurance portfolio around the following types of policies:
- Commercial property insurance
- Workers’ compensation insurance
- Business interruption insurance
- Professional liability insurance
- Business owners policy insurance
- Employment practices liability insurance
- Cyber liability insurance
- Commercial umbrella insurance
Is Insurance Required?
Small businesses may be subject to certain formal mandates regarding specific types of insurance. For example, in Georgia, companies with three or more employees are legally required to retain workers’ compensation insurance. Additionally, if you use an automobile for business purposes, even if it’s a personal vehicle, the law requires commercial auto insurance. Certain industry-specific obligations may also apply, and clients and lenders may impose their own requirements.
We’re Here to Help
If you’re a small business owner in Columbus, GA, contact Kite Insurance Agency today to discuss your coverage needs and identify appropriate solutions.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.