Business insurance consists of one or more types of coverage designed to protect businesses, their owners, and employees. Many business insurance policies include basic coverages such as property, liability, crime, and commercial vehicle insurance, as well as any other optional insurance, such as business interruption insurance, equipment breakdown insurance, and workers' compensation.

Cyber liability insurance additional employee benefits, such as dental, vision, disability, and group life insurance, are also within commercial insurance, as are surety insurance that helps ensure contractors adhere to the terms of a construction contract and follow government rules and regulations, as well as protect against losses arising from a court decision or theft by an employee.

When it comes to choosing insurance, most business owners want to know what insurance they need and how much it will cost. As we've already discussed, one of the most important factors in determining what insurance coverage is needed depends on the type of business. Other important considerations include:

• Location

• Quantity of employees

• Years in activity

• Gross annual income

• If the company owns or rents vehicles

• If the company owns, leases or rents the building (s) in which it operates