General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
Professional Liability Insurance (or E&O Insurance), protects your small business from claims of mistakes, negligence or malpractice made when providing your services that caused sobody financial loss. PLI covers your legal defense costs, damages and settlements.
Workers Compensation covers your employees' medical costs and lost wages while recovering from a work-related injury or illness. The employee gives up the right to sue your company in return for receiving cash and benefits from Workers Compensation. In some states it’s mandatory for businesses!
Commercial Auto Insurance covers your cars, trucks, and vans used in your business. It covers the costs from vehicle damage in collisions, theft, vandalism and weather damage. It also covers medical expenses for to injured parties.
Business Interruption Insurance protects your small business if impacted by a covered risk. It'll cover the costs in replacing lost income and paying for additional expenditures. Also known as Business Interruption Coverage, this policy is usually part of your BOP (Business Owners Policy).
Commercial Property Insurance will provide coverage for your properties in case damage renders them impossible to rent or lease.
How much does business insurance cost in Colorado?
Insurance premiums are calculated depending on the types of coverage selected, the coverage limits you've selected, the size of your business, and other factors that are unique to your business and help insurers undertand the risks for your Colorado business.
What do I need to get a business insurance quote in Colorado?
To get a quote on Colorado business insurance, you'll need to provide details about the parts of your business you are insuring. Commercial Auto Insurance will require details on the vehicles you're insuring. Business Liability Insurance will require details on what your business does or sells. Claims history and revenue history will also be required.
How can I lower my business insurance premiums in Colorado?
Colorado business insurance rates are based on unique risks and chosen coverage limits. Our experts can advise you if there are any specific causes for higher rates and if steps can be taken to lower risk or premiums. Additionally, choosing a higher deductible can often lead to lower premiums.
What type of insurance do I need to buy in Colorado?
Your coverage needs might be simple, or more complex, depending on your unique business. Most Colorado businesses need Workers' Compensation coverage. Commercial Auto Insurance is also required if your business operates cars or trucks. Beyond state required coverage, Business Liability Insurance is a common starting point, with additional coverage customized from there.
Guide to commercial insurance by state
Insurance laws and requirements may vary state by state. Click on your state to discover the insurance you will need for your small business: