As a business owner, it is critically important to be fully and properly covered by insurance to protect your business and its assets. There are a lot of different types of business insurance policies to choose from but below are the five most essential. 

1. General Liability Insurance 
General liability insurance protects your business if any injury or property damage were to occur as a result of your business operations or staff’s actions. 

2. Commercial Property Insurance 
Whether you own your building or lease your office space, commercial property insurance can help you protect your building, equipment and even your inventory. 

3. Commercial Auto Insurance 
Protecting your company in the event of a car accident is legally required, even if you only have one company car. If you have a fleet of vehicles and delivery/transportation is a big part of your business, thorough auto coverage is even more important. 

4. Worker's Compensation Insurance 
If you have even one employee, you should have worker's compensation insurance, which protects you in the event that one of your employees is injured while on the job. This coverage provides wage replacement and covers any associated medical costs. 

5. Professional Liability Insurance 
Also known as errors and omissions insurance, professional liability insurance protects the policyholder in the case of a negligence claim and can help cover any damages awarded in a civil lawsuit. 

Bonus: A Bundle Option 
A business owner's policy (BOP) is another option to consider if your insurance provider offers it. A BOP is a bundle of insurance options that protects a business from major property and liability risks. While not appropriate for larger companies, a BOP can cover many small businesses' insurance needs. 

We’ll help you find the right coverage. Call Pan American Insurance at (915) 562-0009 for more information on El Paso business insurance.