1. General Liability Insurance
General liability insurance protects your startup from third-party claims related to property damage, bodily injury, and personal injury. It’s often the first line of defense for new businesses and provides peace of mind during early growth stages.
2. Property Insurance
Property insurance covers your office space, equipment, inventory, and other physical assets. Even if you operate remotely, it protects valuable digital equipment and servers from theft, fire, or natural disasters.
3. Professional Liability Insurance
Also known as errors and omissions (E&O) insurance, this policy protects your business from lawsuits arising from professional mistakes, advice, or services. Essential for startups providing consultancy, software, or technical services.
4. Cyber Liability Insurance
With data breaches and cyberattacks on the rise, cyber insurance safeguards your startup against financial loss, data theft, and legal liabilities related to digital security incidents.
5. Workers’ Compensation Insurance
If your startup hires employees, workers’ compensation insurance is mandatory in most regions. It covers medical expenses and lost wages for employees injured on the job, ensuring compliance and workforce security.