Insurance Solutions for Businesses
Types of Business Insurance We Offer
Smart coverage for every kind of Connecticut business. At Spectrum Insurance, we don’t believe in one-size-fits-all policies. Every business is different, and we’re here to help you get coverage that actually makes sense for the risks you face. Here’s a detailed breakdown of the most common types of commercial insurance we offer.
General Liability Insurance
Commercial Auto Insurance
Workers’ Compensation Insurance
Business Owner’s Policy (BOP)
Commercial Property Insurance
Professional Liability Insurance (Errors & Omissions)
1. General Liability Insurance
Protection from the unexpected, no matter what business you’re in.
General liability insurance helps cover legal expenses, medical costs, and damages if your business is responsible for bodily injury, property damage, or advertising harm. Whether a customer slips in your store or a vendor claims you damaged their property, this coverage keeps lawsuits from sinking your business. It’s often the first (and most essential) policy we recommend.
2. Commercial Property Insurance
Covers your building, your tools, and everything in between.
If you own or lease a space, commercial property insurance protects your physical assets—like buildings, furniture, inventory, and equipment—from fire, theft, vandalism, and storm damage. Even if you're running your business from a home office, this policy can cover your work-related belongings. We tailor your plan to fit the value of what you own and the risks specific to your location.
3. Business Owner’s Policy (BOP)
Bundled protection that saves you time and money.
A Business Owner’s Policy combines two essential coverages—general liability and commercial property—into one affordable package. It’s perfect for small to mid-sized businesses that want broad protection without juggling multiple policies. Think of it as the coverage foundation every business should start with, customized for your industry.
4. Workers’ Compensation Insurance
Take care of your team—and stay compliant in Connecticut.
If an employee is injured or becomes ill on the job, workers’ comp helps cover medical bills, lost wages, and rehabilitation costs. It also protects your business from lawsuits related to workplace injuries. In Connecticut, nearly all businesses with employees are legally required to carry this coverage. We’ll help you stay compliant and ensure your people are protected.
5. Commercial Auto Insurance
Coverage for the vehicles that keep your business moving.
Whether it’s one car or a full fleet, commercial auto insurance protects your business-owned vehicles and the people who drive them. This policy covers liability if you cause an accident, as well as damage to your vehicles from collisions, theft, or weather. It’s essential for delivery services, contractors, real estate agents, and anyone using vehicles for work.
6. Professional Liability Insurance (Errors & Omissions)
Coverage for when your advice—or a simple mistake—leads to a claim.
If you offer a service or provide professional advice, you could be held liable if a client claims your work caused them financial harm. Even if you didn’t do anything wrong, defending your business can be costly. Professional liability insurance (also known as Errors & Omissions) helps cover legal fees, settlements, and other costs tied to negligence, oversight, or miscommunication. Ideal for consultants, designers, contractors, and licensed professionals.
Let’s Protect What You’ve Built
Your business deserves more than a cookie-cutter policy. At Spectrum Insurance, we take the time to understand your operations, your risks, and your goals—then build a coverage plan that fits.
What types of insurance does my business actually need?
It depends on what you do. Most businesses start with general liability and property insurance or a bundled Business Owner’s Policy (BOP). If you have employees, vehicles, or offer professional services, you’ll likely need additional coverage like workers’ comp, commercial auto, or professional liability. We’ll help you figure out exactly what fits your business.
What’s the difference between general liability and professional liability insurance?
General liability covers physical risks—like if someone gets hurt at your location or you damage someone’s property. Professional liability (also known as Errors & Omissions) covers claims related to your advice or services—like if a client claims your work caused them financial or reputational harm.
I work from home. Do I still need commercial insurance?
Yes! Most homeowners insurance policies don’t cover business-related equipment or liability. If you store inventory, meet with clients, or use expensive tools or tech at home, commercial property and liability coverage can protect you where your home policy won’t.
Is commercial auto insurance different from personal auto insurance?
Definitely. If you’re using a vehicle for work—like deliveries, transporting tools, or traveling to job sites—personal auto insurance likely won’t cover accidents or damage. Commercial auto policies are built specifically for business use and offer broader protection.
Do I need workers’ comp if I use independent contractors?
That depends. If you have true independent contractors (not employees), they generally aren’t covered by your workers’ comp policy—but you may still be liable in some situations. We can help you determine what’s required based on how your team is structured and ensure you're properly protected.
What’s a Business Owner’s Policy (BOP), and is it right for me?
A BOP bundles general liability and commercial property coverage into one affordable policy. It’s ideal for small to mid-sized businesses looking for solid protection without overcomplicating things. If you own equipment, inventory, or work with the public, a BOP is a great place to start.
