What Kind of Business Insurance Does My Business Need?


The specific business insurance coverage your business needs will depend on the type of business you operate, the location in which you operate, and the specific risks associated with your business. Some common types of business insurance that businesses may need to consider include the following:

General liability insurance: This coverage protects your business from claims of bodily injury or property damage that may occur as a result of your business operations.

Professional and or employment liability insurance:  Also known as errors and omissions insurance, protects your business from claims of professional negligence or malpractice. This can include employment liability as well.

Business property insurance: This type of insurance covers damage to your business’s physical property, such as your building, equipment, and inventory.

Business interruption insurance: This insurance covers your business’s financial losses resulting from a       covered event that interrupts your business operations.

Workers’ compensation insurance: This insurance provides benefits to employees who are injured on the job.

Cyber liability insurance: This coverage protects your business from claims related to data breaches or cyber-attacks.

Oakwood Insurance Agency operates as an independent insurance agency, selling an extensive spectrum of insurance to businesses, families, and individuals.  Our competitive advantage comes from the objective and professional service that we provide, our access to a wide range of carriers, and our extensive knowledge of the insurance marketplace. 

This information is to be considered general in nature. All claims will be settled based on your 

actual policy terms and conditions.