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Business Insurance

Safeguard Your Business with Business Insurance

Business insurance shields you from unforeseen expenses associated with operating a business. Without the appropriate insurance coverage, accidents, natural disasters, and lawsuits could potentially devastate your business. Every business has unique coverage requirements. We Insure John Douglas can customize your coverage to protect your business’s specific circumstances.

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Without the appropriate insurance coverage, accidents, natural disasters, and lawsuits could potentially devastate your business. Every business has unique coverage requirements. We Insure John Douglas can customize your coverage to protect your business’s specific circumstances.

Small Business Insurance

Small business owners across industries require comprehensive business insurance coverage. Without it, your hard work and dedication could be at risk from unforeseen catastrophes. Protect your business today with the right insurance coverage. Contact us to learn more and get a quote.

The most common type of small business insurance includes:

  • General Liability Insurance protects your business from claims of property damage to someone else’s belongings or property, bodily injury to another while on your business premises, and personal injury such as defamation or libel.
  • Commercial Property Insurance protects the building where you conduct your business and the equipment you use for your business operations. It can also help repair or replace property damaged by fire.
  • Business Income Insurance helps replace your loss of income if your business is inoperable due to property damage.
Workers Compensation Insurance

Workers’ Compensation Insurance is required in most states and provides employees with medical, wage, and other financial benefits if they are injured or become ill on the job. It can help your employees recover from their work-related injuries and illnesses so they can return to work. These benefits can help:

  • Pay for medical care and treatment
  • Replace lost wages
  • Provide disability benefits
  • Give death benefits
  • Cover costs related to a lawsuit
Data Breach Insurance (Cyber Insurance)

Data Breach Insurance, also known as cyber insurance, can help cover liability expenses from technology risks such as a data breach or cyberattack. As more businesses store consumer data electronically, this coverage can protect you against cyber risks.

Commercial Auto Insurance

If your commercial vehicle is involved in an accident and you or your employee is at fault, Commercial Auto Insurance helps cover those costs. It can cover bodily injury liability, property damage liability,

collision and comprehensive coverage, medical payments, rental car, and personal injury protection. However, it does not cover unrelated medical expenses or contents inside the vehicle. If your business uses any company vehicles, most states will require commercial auto insurance.

Professional Liability Insurance

Professional Liability Insurance comes into play if you or your company are found negligent in the services you provided to a client. Even experts make mistakes, and if your customer believes you made one, they could sue you, and your business could suffer a financial loss.

Understanding Business Insurance:
Key Terms You Need to Know

ACORD 25 form:

Industry standard form used to create the certificate of insurance (COI)

Actual Cash Value (ACV):

Value of the property based on the cost to repair or replace the property minus depreciation.

Additional Insured:

Another person or business who is not the named insured but is listed on the insurance policy. The additional insured can file claims on policy and can be listed individually or on a blanket basis.

Aggregate Limit:

Maximum amount insurer will pay for covered losses over a specific period of time.


A property values assessed by an independent professional.


A neutral third-party used to settle a dispute opposed to going to court.

Bodily Injury:

Injury to person that can include physical injury, sickness, or disease.

Builder’s Risk Insurance:

Property insurance designed to cover materials, fixtures, equipment used during building or renovation of a structure in case of loss or damage.

Business Interruption Insurance (Business Income Insurance):

Helps cover business’ expenses with a covered loss that requires the business to suspend operations.

Business Owner’s Policy (BOP):

Combined different types of coverage, most commonly general liability and commercial property insurance.

Business Personal Property (BPP)/Business Contents Insurance:

Covers the cost to repair of replace business personal property like computers, furniture, and inventory if lost, damaged, or stolen.

Certificate Holders:

The person or entity who has the COI in possession.


Demand for your insurance company to pay for loss on insured item.


Person or business that makes the claim to the insured person or insurance company.

Claims-Made Insurance Policy:

Policy that covers claims made against the insured during the policy period. Claims made outside of the policy period will not be covered.

Class of Business (COB):

The type of industry category your business falls into. It allows the insurance industry to asses risk associated with your business.

Commercial Auto Insurance:

Policy covers vehicles owned by a business and being used for their business purposes.

Commercial Property Insurance:

Covers your building and other business property from loss or damage due to fire, storm, or other natural disaster. Generally, doesn’t cover damage from earthquakes or floods.


Form that changes or adds to the provisions included inn one or more other forms used to create the policy, such as an additional insured.

Errors and Omissions Insurance:

Can help cover the costs of legal claims or damage from unintentional omissions from your work.

General Liability Insurance:

Covers costs from third-party accidents, third-party bodily injury, and third-party property damage that results from your products, services, or business operations.

Inland Marine Insurance:

Helps to cover costs if your tools and equipment are damaged or stolen while in transit or in temporary storage.

Loss Payable Provision:

An endorsement where an insurer makes a claim payment to a third party for a loss instead of insured or beneficiary. It is common when one or more person has financial interest in property or equipment.

Loss Payee:

The person entitled to payment once insurance claim is settled.

Primary and Noncontributory (PNC):

Primary means your policy will respond to a covered claim before another policy may cover the same claim. Non-contributory means the policy is required to respond to a covered claim without requesting the other policy contribute to paying for that claim. This endorsement can be added when an additional insure is covered under the policy.

Products-Completed Operations Aggregate:

Maximum amount of coverage offered under a general liability insurance policy. Covers you for claims and lawsuits related to injury, illness, or property damage caused by your delivered product or completed service.

Professional Liability Insurance:

Policy that covers some costs associated with claims or lawsuits of mistakes or negligence.

Waiver of Subrogation (WOS):

Subrogation is a right your insurer may have under and insurance policy to recover costs from a negligent third-party on a claim paid under your insurance policy. A ‘waiver of subrogation’ is an endorsement on an insurance policy that prevents your insurer from recovering money it paid for a loss from a negligent third party.

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