By: Progressive Small Business Insurance
Protect Your Business with Progressive Small Business Insurance
Starting and growing a small business requires incredible dedication, financial investment, and personal risk. You’ve invested countless hours building your company, developing your customer base, and creating something meaningful. But have you taken the crucial step to protect your business against unexpected challenges?
Small business insurance is a strategic investment in your company’s future and your own financial security.
Understanding Business Protection Needs
Running a small business means facing some challenges. Possible equipment failures, natural disasters, customer lawsuits, cyber attacks, and even simple accidents can create financial burdens that many small businesses can’t survive.
Progressive Small Business Insurance offers a modern approach to business protection, designed specifically for growing companies and small business ventures. With an A+ (Superior) rating from AM Best for most Progressive commercial lines companies* and over 30 types of business liability and vehicle insurance coverages**, Progressive provides customizable protection that can grow with your business.
How to Choose the Right Small Business Insurance Coverage
Every business faces unique challenges based on industry, location, size, and operations. Manufacturing companies may need equipment coverage, while service businesses focus on liability protection. Retail stores require different coverage than home-based consultancies.
Progressive offers over 30 types of business liability and vehicle insurance coverages, allowing you to build protection that fits your specific needs:
• General Liability: Protection against customer injury claims and property damage
• Commercial Property: Coverage for business equipment, inventory, and physical assets
• Business Interruption: Income replacement during temporary closures
• Cyber Liability: Protection against data breaches and digital threats
• Workers’ Compensation: Provides financial support for employees who get hurt or sick on the job.
Streamlined Quote Process
Progressive’s online quote system offers customized estimates in minutes, allowing you to make informed decisions without disrupting your business operations.
While online tools provide convenience, nothing replaces the expertise of local independent agents who understand your industry and regional challenges. These professionals can explain coverage options, help you avoid gaps in protection, and provide ongoing support as your business evolves.
Once you’ve selected appropriate coverage, establish a review process to ensure your protection keeps pace with business growth and changes in your industry.
Business Insurance Investment Considerations
Business insurance costs vary significantly based on industry, coverage levels, and business size. Progressive offers customizable coverage options designed to fit different business needs and budgets.
What We Mean by Comprehensive Coverage: Comprehensive business coverage typically includes multiple types of protection working together – such as general liability, commercial property, business interruption, and cyber liability insurance – rather than relying on a single policy type.
Common Business Insurance Gaps to Consider:
• Personal insurance policies typically don’t cover business activities or equipment
• Business property values can change as companies grow and acquire new assets
• Digital businesses may need specialized cyber liability protection
• Coverage decisions should be based on your specific business risks rather than price alone
Industry-Specific Considerations
Different industries require specialized coverage approaches:
• Retail: Focus on inventory protection and customer liability
• Professional Services: Emphasize errors and omissions coverage
• Manufacturing: Prioritize equipment and product liability coverage
• Food Service: Require specific health and safety protections
Next Steps for Business Owners
• Assess Your Current Coverage: Review any existing policies to identify gaps
• Document Business Assets: Create an inventory with photos and valuations
• Research Industry Requirements: Understand mandatory coverage in your state and industry
• Get Multiple Quotes: Compare options from different providers
• Consult Professional Agents: Speak with experts who understand your business type
Ongoing Protection Strategy
Successful business insurance isn’t a one-time purchase – it’s an ongoing strategy that evolves with your company. Plan to review coverage annually, especially after:
• Significant business growth or expansion
• Adding new equipment or inventory
• Hiring additional employees
• Changing business locations
• Launching new products or services
Building Confidence Through Protection
Protecting your small business is about planning that enables confident growth. With proper insurance coverage, you can:
➔ Take calculated risks to grow your business
➔ Sleep better knowing your investment is protected
➔ Focus on customers and revenue instead of “what if” scenarios
➔ Help maintain business continuity during unexpected challenges
➔ Protect your personal assets from business-related risks
Your small business represents more than your income – it’s your independence, your team’s livelihood, and your contribution to your community. Protecting it with comprehensive insurance coverage isn’t just planning; it’s essential for long-term success.
Disclaimers:
Coverage provided and serviced by Progressive Casualty Ins. Co., affiliated and third-party insurers.
*Protective Insurance Company, Sagamore Insurance Company, and Protective Specialty Insurance Company are rated A (Excellent).
**Coverages are not available in all states or for all vehicles and coverage selections.