Small Business Insurance is important to protect your way of living and your passion. For many, your small business is much more than just a job. You put your heart and soul into building something great for yourself, your family, your employees, and your customers. You build your business because you are trying to make a change or fill a gap in the market, and it deserves to be protected! 

What is Small Business Insurance

The type of business insurance best for your business depends on what type of business you operate. There are 6 primary types of small business insurance that can protect your business financially in the event of unfortunate circumstances. 


  1. General Liability Insurance
  2. Product liability Insurance
  3. Professional Liability Insurance
  4. Commercial Property Insurance
  5. Home-Based Business Insurance
  6. Business Owner’s Policy 

What is Each Type of Small Business Insurance Best for? 

General Liability Insurance: This insurance is suitable for any business type. This offers you coverage against financial loss from injury, property damage, medical costs, slander, defending lawsuits, and settlement bonds or judgments. 


Product Liability Insurance: This is best for businesses that manufacture, wholesale, distribute, and retail products. This offers businesses coverage against financial losses in the event that a defective product causes injury. 


Professional Liability Insurance: This is great for businesses that provide services to a buyer/customer. This type of insurance offers protection against financial losses from malpractice, errors, and negligence. 


Commercial Property Insurance: This is the best coverage for businesses with a large amount of property and physical assets. This insurance type will protect your business against loss and damage of company property due to storms, fires, hail, vandalism, and more. 


Home-Based Business Insurance: This is for businesses that are run out of the business owner’s home. This type of coverage is added to the owner’s homeowner’s insurance and offers protection for a small amount of business tools and liability coverage for 3rd party injuries. 


Business Owner’s Policy: Best suited for most small business owners but more specifically home-based business owners. A business owner’s insurance policy is a package that combines all of the typical coverage options into one insurance plan. This is great to simplify the process and save money.

Ready to choose a small business insurance plan? 

 If you’re ready to start protecting your business, give us a call for the best insurance services. We are one of the few insurance companies in Fargo that will take the time to ensure that you have the best possible coverage. Looking to bundle? We can get you great OnPoint rates and maximize your coverage. So give us a call! Our all-in-one insurance services will bring you peace of mind.