Starting a small business can be very professionally and personally rewarding. However, operating a company of any size involves risk. Natural disasters, accidents, professional errors, and employee injuries are just some of the events that can occur at any time and threaten your livelihood and that of your employees. Small business insurance helps protect your company from financial loss when problems arise.
General liability insurance. For many small businesses and solo entrepreneurs, this is foundational coverage. A general liability policy can protect your business from claims of bodily injury, property damage, and personal injury that occur on your premises. For example, imagine you’re providing a lesson at a client’s home and you damage their expensive violin. This type of small business insurance for educators may cover the repair or replacement expense.
Workers' compensation insurance. If you employ tutors or teachers to conduct lessons, this type of insurance is essential. Most states require you to have workers' compensation insurance if you have employees. It pays their medical expenses if they get hurt on the job.
Professional liability insurance. Professional liability insurance for music teachers (sometimes called errors & omissions or E&O insurance) provides crucial protection from the financial fallout of lawsuits. It can cover your legal costs even in situations where a client’s claim is determined to be baseless.
Business owners policy (BOP). A BOP conveniently combines general liability and commercial property insurance into one policy, potentially at a lower cost than buying the two policies separately. It covers lawsuits and other general liability claims, as well as claims related to the space you rent or own for conducting business and your business property. It can also help pay for business income lost as a result of a covered event.
Commercial auto insurance. Let’s say you have a van you use to transport instruments to client sites for music lessons. Your personal auto insurance may not cover incidents that arise in the course of doing business, but a commercial auto insurance policy can.
Cyber insurance. If someone hacks into your computers or other devices, steals sensitive client information (like credit card numbers), and uses it to commit fraud or is likely to, this policy can help cover the costs of notifying clients, credit monitoring, and legal fees.
Umbrella insurance. Business insurance policies (like most policies) have limits to the amount they’ll pay. An umbrella policy provides an extra layer of liability protection for claims that exceed those limits, paying additional costs up to its limit.
This is the Article Example Heading
This is the Article Example Text
A
Content for A
More content for A
Even more content for A
Way way more content for A
I can't believe we wrote this much content for A
B
Content for B
More content for B
Even more content for B
Way way more content for B
I can't believe we wrote this much content for B
This is the FAQ Accordion Text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Curabitur at ipsum accumsan, lobortis massa sit amet, mollis est. Curabitur imperdiet aliquet dui, at finibus enim vestibulum id. Quisque arcu lectus, elementum ut nisi ut, tincidunt pellentesque nunc. Donec vel fringilla augue.
This is the FAQ Accordion Text. Aliquam porttitor nulla pulvinar ex dapibus, eu venenatis massa aliquam. Pellentesque in fringilla augue. Phasellus aliquam arcu nec enim ornare, eleifend porta nunc lobortis. Duis laoreet nunc et aliquam efficitur. Donec eget leo facilisis, sodales tortor ac, finibus nunc. Maecenas finibus eget augue eleifend consectetur.
This is the FAQ Accordion Text.
Vestibulum maximus porttitor faucibus. Aliquam in vestibulum ante, vitae suscipit purus. Etiam tincidunt leo ac dolor tincidunt, eu pulvinar arcu laoreet. Donec id dui non sem ultricies bibendum vitae ut quam. Fusce rhoncus nunc vel varius volutpat. Vivamus vitae mauris in mi pharetra placerat. Donec nec interdum justo. Fusce volutpat est at consequat lacinia. Maecenas vitae convallis erat. Mauris nibh eros, vulputate sed pellentesque a, volutpat eget felis. Integer elementum, ex eget pellentesque elementum, turpis erat feugiat purus, sed imperdiet nibh nibh et dui. Maecenas libero ex, egestas ac condimentum at, pellentesque sed lacus.
Aliquam ac elit at quam facilisis placerat eu id diam. Praesent id semper tortor. Nullam eget metus et libero ultricies molestie a at nisl. In at pharetra tellus. Integer luctus porta arcu ullamcorper pretium. Vivamus ac turpis in sapien euismod congue et at erat. Integer eu nisi urna.
Vivamus elementum velit at massa ultricies aliquam. Sed eleifend quis magna in euismod. Interdum et malesuada fames ac ante ipsum primis in faucibus. Duis tempor pulvinar velit, dignissim lobortis metus pretium sed. Duis dignissim magna efficitur aliquet mattis. Curabitur in pretium dolor. Quisque in pulvinar augue.
Praesent sit amet porta sem, non lacinia lacus. Maecenas dolor tellus, pharetra et mollis convallis, commodo id nisl. Morbi lacus mauris, euismod et odio feugiat, ornare tempus neque. Aenean aliquet nunc id urna venenatis tristique. In dolor leo, rutrum et condimentum vitae, dapibus non quam. Suspendisse pretium pretium erat vitae bibendum. Suspendisse non consectetur ante. Nam nunc nunc, laoreet vel tincidunt eget, bibendum eget tortor. Phasellus tincidunt facilisis imperdiet.
Blake Fuchtman, FCAS, guides actuarial modeling and forecasting at biBerk, transforming data into strategic decisions that shape policy pricing and risk appetite. With deep actuarial expertise, he translates complex metrics into clear frameworks that drive underwriting and business performance. Blake shares thought leadership content explaining how sound actuarial principles support growth and competitive readiness in small business insurance.