Types of Business Insurances
There are many types of business insurance, and it is crucial for your company’s protection against unforeseen events and potential losses that the correct insurances are chosen. At Söderberg & Partners, we can help identify the insurance needs specific to your business and create an insurance solution tailored to your unique requirements. On this page, you can read about the mandatory insurances for businesses, worker’s compensation insurance, general liability insurance, cargo insurance, and several other types of business insurances.
Get the Right Insurance for Your Business
We Often Get These Questions
There are many different types of business insurance, including:
- Worker’s compensation insurance, which protects employees from injuries occurring in connection with their work
- Industry-specific insurance, tailored to the unique risks and challenges businesses in a specific industry face
- Property insurance, which covers damage and loss related to a building
- General liability insurance, which protects against potential compensation claims
- Property insurance, which covers the company's movable assets and inventory against damage and loss
- Cargo insurance, which protects the company’s goods during transportation
There are mandatory business insurances, as well as insurances that your company needs depending on factors such as industry, size, and the risks the business is exposed to.
Yes, there are certain business insurances that are mandatory. For example, worker’s compensation insurance if the company has employees, and auto insurance if the company owns vehicles.