Different Types of Business Insurance

You know you need business insurance, but now the question is - what kind? While there are many different types of business insurance, it’s important to choose the one you actually need.

Follow along to learn about your coverage options and make a well-informed decision with AFI!

Business property

You take pride in your buildings, equipment, stock, and supplies. No matter your size, location, or industry, make sure you have flexible options that properly meet your needs based on your investments.

Business liability

A growing business will eventually have a plethora of moving parts. No matter how careful you are and no matter how thorough training may be, there will always be a possibility for accidents to happen. Liability insurance can help cover attorney fees, medical expenses, and other damages in the event of a liability judgment.

Business vehicles

Did you know that more than 16,000 traffic accidents happen per day? Whether you use your own car, have a fleet, or rely on employee vehicles to get the job done, make sure you and your vehicles stay protected on and off the road.

Worker’s compensation

Workers’ Compensation insurance typically covers medical costs and a portion of lost wages for an employee who becomes injured or ill on the job. Workers’ Comp also protects companies from being sued by employees for workplace conditions that can cause an injury or illness. Required in nearly every state, Workers’ Compensation laws are designed to ensure payment on behalf of employers for the cost of injuries or occupational diseases. Having Workers’ Comp may also assist in building credibility for your business as it pertains to hiring employees.

Builders’ risk

Do you work in renovation and/or construction? No matter how large or small your construction or renovation project is, you need insurance protection that goes beyond construction materials. A Builder’s Risk Policy protects your investment, which means it will help replace your income as well as your expenses. With the right insurance, it’s important to know that you’re protected through every phase of the project. From blueprints to the final stretch!

Know you’re covered with the protection of AFI’s Umbrella Insurance, which includes coverage above and beyond your homeowner, personal liability, and auto insurance. Protect nearly everything else with AFI insurance products. Learn more here.