Essential Business Insurance Guide for SMB

Why do I need insurance

One in 40 small business
owners experience a claim.

Common Risks

• Bodily injury
• Defamation, libel, slander
• Dissatisfied client
• Loss of client revenue
• Software/copyright infringement
• Software errors
• Third-party equipment damage
• Personal business equipment damage
• Data and extortion threats
• Malware, phishing, and ransomware
• And much more

Professional Liability is recommended if you:
• Provide a professional service
• Regularly give advice
• Have employees who act on your behalf
• Are required by contract

General Liability is recommended if you:
• Interact with clients face to face
• Have access to a client's equipment
• Use locations other than your own for any business-related activities
• Are required to have general liability insurance before entering into a contract

Business Owners Policy is recommended if you:
• Have business personal property and/or own your office building — Travel with your business's personal property
• Have access to your client's equipment
• Use third-party locations for any business-related activities

Cyber Security Insurance is recommended if you:
• Accept credit cards or any type of digital payment
• Have a website or use computers and mobile devices
• Store customer, employee, or supplier information (like names, addresses or emails) — Keep medical or financial data

Information I Need To Get Started

Ready to get started?

Here's some information that you'll need:
• Business location, including the physical address, whether you own or rent the location, and square footage.
• Number of employees, now and anticipated over the next year. Include full-time, part-time and temporary employees.
• Estimated gross sales for the next 12 months, and estimated gross sales from your largest single customer.
• Estimated payroll expense for the next 12 months.
• If your business uses a written contract, have an example available.

There will be additional questions, depending on your answers to these and the type of business you have.

Why Insure Your Business Through Ajent?

Tailored coverage from America’s leading small business insurer.

Decades of experience.

Flexible payment options so you can pay monthly, quarterly, semi-annually, or annually.

Strong customer ratings of 4.8 out of 5 for our providers.