Every small company needs business insurance, and every business insurance policy has a “limit,” meaning how much it will pay for a covered incident. It’s important that your coverage increases as your business risk increases—like when you hire more people, start working for a larger number of clients, or take on different types of work or new types of clients.

The different types of commercial insurance that biBERK offers provide broad coverage. However, you can get additional coverage by including what are called insurance policy endorsements. These add-ons typically enhance the base coverage in some way. And whether you ultimately choose to purchase them or not, it’s important to understand the protection they offer.

For people who work alone or own a small business, self-employed liability insurance to cover various types of business risk is essential. Without proper business insurance for self-employed people, one lawsuit can result in a financial burden that ends in bankruptcy.

Catering insurance is a term for a group of insurance policies that are important to food service businesses. People also call it insurance for catering businesses, food service insurance, or food liability insurance. These policies protect food service businesses from many types of risk—things like employee injuries, injuries to customers and other non-employees, liability from accidents in company-owned vehicles, and more.

Workers’ compensation insurance (also called workers’ comp coverage and workers’ comp insurance) provides financial protection for employees who are injured, become ill, or die on the job. In doing so, it also protects businesses and negates the need for lengthy and often stressful financial battles.

Company insurance is a catchall term used to describe different insurance policies that protect businesses from the cost of legal liability and losses. For example, if your employee damages a customer’s property, they can sue you. In that instance, a general liability policy can protect you. Or, if equipment you need to run your business is damaged, a business owners policy (BOP) may cover the replacement cost.

Small business insurance provides important financial protection for the policyholder—the company or self-employed individual that purchases the policy. In some cases, however, others may want to be covered by the policy to some degree as well. This is where an additional insured endorsement may be needed.

Rental property insurance is a type of commercial insurance that helps protect landlords from the many business risks they face. The term doesn’t refer to a particular policy but instead to several kinds of policies that a rental property company might need for rental homes, condos, or apartments.

You might not describe yourself as a “garage keeper,” but that’s the name the insurance industry uses for people in your position. Garage keepers insurance is an add-on (also known in garaging insurance as an endorsement) that can be included with a business owners policy or BOP (also called property & liability insurance) or other types of insurance.