Finding the right business insurance is one of the most important decisions you can make for your company. Also known as commercial insurance, it can provide financial protection from a range of losses that could otherwise cause serious financial harm to your business.  

Contact SunStar Insurance of Arkansas in Little Rock, Arkansas, to learn more about business insurance coverage.  

How Does Business Insurance Work? 

Business insurance refers to numerous coverages that can help protect your business from costly out-of-pocket expenses arising from normal business operations. Depending on the coverage you choose, your business insurance policy can help pay for losses stemming from property damage, liability, cyber attacks and more. Once you buy your policy, you will begin paying premiums to your insurer.   

What Does Business Insurance Cover? 

With numerous options available, evaluating your business needs is crucial to determine which coverages are right for you. An experienced insurance agent can help you understand your business risk. While speaking to an agent, they may recommend several types of business insurance, including the following: 

• Professional liability insurance

• Commercial umbrella insurance

• Commercial property insurance

• Workers’ compensation insurance

• General liability insurance

• Commercial auto insurance

• Hired and non-owned auto insurance

• Business income insurance

• Data breach insurance

• Employment practices liability insurance

Additional coverages may be available. Contact SunStar Insurance of Arkansas to learn more about our business insurance policies and to speak to an insurance agent.  

What Business Insurance Is Required by Law? 

Certain industries may be legally required to carry specific types of business insurance. For example, in Arkansas, most employers with three or more employees must carry workers’ compensation coverage. Other coverages (e.g., commercial auto insurance and professional liability insurance) may be required for specific businesses.  

The agents at SunStar Insurance of Arkansas can help you get the insurance you need. Contact us today for more information on business insurance requirements for your company.  

How Much Does Business Insurance Cost? 

Your insurance needs are unique to your business. For this reason, your premiums may not be the same as other businesses in your area. Several factors may affect the cost of your business insurance, including the following: 

• Your industry risk

• Your location

• Your payroll size

• Your policy details (e.g., coverage amounts and policy limits)

• Number of employees

• Your annual revenue

• Your claims history

Get started with a tailored business insurance quote. Contact SunStar Insurance of Arkansas to learn more about business insurance coverage.