Different Types of Business Insurance in Burlington

There are many different business insurance policies available to cover almost all risks that a business could face. Although most companies will not need every kind of policy available, each business will require several. Coverage limits and rates might vary depending on the kind of business that you are insuring. Here is a look at some types of business insurance in Burlington.

General Liability Insurance

All businesses should purchase general liability insurance.This policy covers the business in case of a lawsuit or claim that arises following accidents, negligence or injuries.Covered claims might include personal injury, slander, false advertisement and property damage. The insurer covers all the insured expenses, including legal fees, apart from disciplinary charges.

Professional Liability Insurance

Also known as errors and omissions coverage, this type of business insurance in Burlington is mostly bought by companies that offer professional services. The policy covers the business owner from errors, negligence or malpractice in the services offered to clients. In some areas, professionals, such as doctors are required to carry this business insurance policy.

Product Liability Insurance

Companies that make, sell or distribute products can be held responsible for the safety of those products. Product liability insurance takes care of claims that emerge from defective products that lead to harm or injury. Coverage varies with the kind of products that a company deals in. For instance, pharmaceutical companies are exposed to higher product liability risks than
clothing manufacturers.

Property Insurance

If your business operates out of a standard commercial building, commercial property insurance is available for you. These insurance policies cover damage and loss to company property due to fire, smoke, hail, storms, vandalism and theft, among other things. Company property is normally defined as equipment, buildings,documents, money and lost income. Home-based businesses can buy this coverage besides their homeowner’s policy.

Commercial Auto Insurance

Businesses that use vehicles in their normal business operations will need commercial auto insurance. Besides covering property damage and personal injury, commercial auto insurance also covers your business for loss of use, especially if there is an accident.

Workers’ Compensation Insurance

All businesses that hire workers outside of the immediate family of the owners should buy workers’ compensation insurance. This coverage is required in most places. In  case a worker is injured while working, this insurance policy covers their loss of income and medical expenses. In the event of permanent disability, workers’compensation insurance can offer benefits until the worker reaches the stipulated retirement age. Business owners typically do not have to cover themselves or any employees who are part of their immediate family.


There are different types of business insurance in Burlington available. If you are a business owner, you should be careful when choosing your business insurance policies, and make sure to choose those that are necessary for your type of business. It is important that you look for a reliable insurance company to work with.There are many companies out there, but not all are trustworthy. Carry out some research to get a reliable insurance company that will meet all the insurance needs of your business.


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