Insurance for Small Business Owners in Pennsylvania

Commercial Auto Insurance.

All drivers in Pennsylvania—including commercial drivers—must have sufficient automobile insurance to cover property damage and injuries. Drivers must carry minimum benefit amounts for bodily injury liability ($15,000 per person/$30,000 per accident) and for property damage liability ($5,000 per accident).

Workers’ Compensation Insurance.

On-the-job employee accidents and illnesses can become costly—medical treatment, legal and court fees, and other costs incurred by the company. Workers’ Compensation typically covers related healthcare and legal costs, providing relief for employees and businesses. That’s why this insurance coverage is required by the state for most businesses—with few exceptions.

Small Business Owner’s Insurance.

A Business Owner’s Policy (or BOP) bundles both property insurance and general liability into one convenient, comprehensive policy for small business owners. It typically covers losses and damages related to buildings used for business purposes. It also covers customer medical expenses for onsite third-party accidents and advertising damage claims

General Liability Insurance.

Although included in a BOP policy, some small business owners may seek this out as a separate minimum coverage. General Liability may be required in the commercial property contract for leasing space, as it helps ease the financial burden associated with customer injury and property damage claims, as well as slander and libel lawsuits.

Professional Liability Insurance.

Also referred to as “errors and omissions insurance," Professional Liability coverage focuses on work mistakes and errors, missed deadlines, incomplete work, and professional negligence lawsuits. This coverage is ideal for Pennsylvania small businesses providing expertise as a service, as it can protect them from related damage claims.

Cyber Liability Insurance.

Even small businesses can experience a data breach or cyber attack. In Pennsylvania, recommended Cyber Liability coverage can help businesses recover from such malicious hacking and cyberattacks by paying related customer notification and fraud monitoring costs, as well as associated legal fees.