Insurance, explained simply
Business insurance doesn't have to be confusing.
This short guide covers what insurance does, the most common coverage types, and how to get started — in about 5 minutes.
Plain English · About 5 minutes · No obligation
Step 1
Tell us what your business does.
Step 2
Choose protection for your biggest risks.
Step 3
Compare a quote with a licensed agent.
Coverage chooser
What kind of business do you run?
Pick the option closest to yours to see the coverage types people in your line of work most often ask about.
Coverage basics
The 5 coverages most small businesses hear about
Coverage varies by policy and state — this is a plain-English starting point, not a guarantee of what your policy includes.
General Liability
Helps with third-party injury or property-damage claims.
You may need this if… A customer slips at your job site and is injured.
Workers' Compensation
Helps when an employee is hurt or becomes ill because of work.
You may need this if… An employee strains their back lifting equipment.
Commercial Auto
Covers vehicles used for business.
You may need this if… Your work van is in an accident while driving to a job.
Tools & Equipment
Helps replace or repair business equipment after certain covered losses.
You may need this if… Your mower or tools are stolen from a job site.
Business Owner's Policy (BOP)
Often bundles liability and business property coverage.
You may need this if… You want liability and property coverage in one simpler package.
Pricing
How insurance pricing works
No two businesses are priced the same. A few factors usually matter most:
- Your type of business
- Payroll and revenue
- Your location
- Claims history and coverage choices
Example only
Small cleaning company, 3 employees
$60–$120 per month
This is an illustration only, not a real price. Your actual cost depends on your specific business.
Good to know
Five words worth knowing
Premium
What you pay for coverage.
Like a subscription fee.
Deductible
What you pay first before coverage kicks in.
Like a co-pay at the doctor.
Limit
The most a policy will pay for a covered loss.
Like a spending cap on a card.
Exclusion
Something the policy does not cover.
Like fine print that says 'not included.'
Claim
A request for payment after a covered loss.
Like filing a request for reimbursement.
Before you buy
Five questions to ask any agent
- What is covered?
- What is not covered?
- What will I pay?
- How much will the policy pay?
- Who do I call when something happens?
FAQ
Common questions
Still unsure? That's normal.
A licensed agent can translate your options without any pressure to buy.
CA License #4319332
Golden Leaf Agency | FL #G003630 | MD #3002468731 | TX #2821699
Golden Leaf Agency is an independent insurance agency, not an insurance carrier. Coverage is offered through authorized insurance carriers and is subject to carrier availability, eligibility, underwriting, policy terms, conditions, exclusions, and approval.