Business Insurance Checklist

In 2025, there are several key types of Business Insurance policies that are crucial to consider, depending on your business type and needs. Below is Business Insurance checklist to use as a guide. 

• General Liability Insurance: Covers costs associated with third-party bodily injury, property damage, and related legal fees.
• Professional Liability Insurance (Errors & Omissions): Protects against claims of negligence or inadequate work, especially important for service-based businesses.
• Property Insurance: Covers damage to your business property due to fire, theft, or other disasters.
• Cyber Liability Insurance: Protects against cyberattacks, data breaches, and related losses, which have become increasingly important in our digital age.
• Workers' Compensation Insurance: Covers medical expenses and lost wages for employees injured on the job, mandatory in most states.
• Commercial Auto Insurance: Covers vehicles used for business purposes, including liability and physical damage.
• Business Interruption Insurance (Business Income Insurance): Provides income replacement and covers expenses in case your business operations are interrupted due to a covered peril.
• Key Person Insurance: Protects against financial loss due to the death or disability of key employees.
• Product Liability Insurance: Covers legal fees and damages related to defective products that cause harm or injury.
• Directors and Officers (D&O) Insurance: Protects directors and officers from legal expenses and damages in case of lawsuits alleging mismanagement.
• ​Umbrella Insurance: Provides extra protection beyond the limits of your existing business liability policies, helping to cover costs that exceed those limits in the event of a lawsuit or claim. 

The specific needs of your business will determine which of these policies are essential. It's often wise to consult with an insurance professional to tailor coverage to your unique risks and operations. If you have questions about your Business Insurance policies, please feel free to contact me.

Jason Matison
Commercial Insurance Agent
Austin, Texas