A business insurance policy is a contract between a business and an insurance company that provides financial protection against risks and liabilities that could impact the business's operations.

Key components typically include:

General Liability Insurance: Covers legal costs and damages if your business is found responsible for bodily injury or property damage to others.

Property Insurance: Protects physical assets, such as buildings, equipment, and inventory, from damage or loss due to fire, theft, or natural

disasters.

Business Interruption Insurance: Covers lost income and operating expenses if your business is temporarily unable to operate due to a covered event, like a natural disaster.

Workers' Compensation Insurance: Provides coverage for medical expenses and lost wages if an employee is injured or becomes ill while working.

Professional Liability Insurance: Covers legal costs if your business is sued for errors, negligence, or mistakes in providing professional services.

The cost of the policy depends on the nature of the business, its size, location, and the specific coverage needs.