Commercial Property Insurance will provide coverage for your properties in case damage renders them impossible to rent or lease.
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.
Product Liability insurance covers your business if you need to recall one of your products. It covers your costs for retrieving the defective product from the manufacturer or seller to prevent any further bodily injury or property damage.
Umbrella Policy adds an extra layer of protection to professionals if a serious event or cumulative claims exhaust your current polcy limits. It also covers you for events that would otherwise be excluded from your other policies.
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.
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!
Do I need to carry Workers Compensation in Delaware?
If you have employees, you will need to carry Workers' Compensation in DE. There are some exceptions, such as for farm workers, in which case coverage is still a wise option.
Do I need insurance for my business in Delaware?
In Delaware, you're required to carry Workers' Compensation coverage in most cases and Commercial Auto Insurance if your business operates vehicles. Other important coverages include General Liability Insurance.
How much General Liability Insurance is needed in Delaware?
A policy with a $1 million per occurence limit and $2 million agggregate limit is a common choice. Depending on your business exposure, you can often choose higher coverage limits.
I have several vehicles that I use to operate my business, what limits for Business Auto Insurance are needed in Delaware?
Delaware requires that you carry $10,000 for property damage liability, $25,000 for bodily injury per person, and $50,000 for bodily injury per accident on your Commercial Auto Insurance policy.
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: