Business Owners Insurance

Protecting the business you worked tirelessly to build.

Independent Insurance Agency

Keeping your business, employees, assets, and self safe and covered is our priority at Price & Ramey Insurance.

As an independent insurance agency, offering a full-range of Personal Lines Insurance plans from a multitude of insurance companies, our comprehensive commitment means you will always receive professional and personalized attention, at your convenience.

Business Suit

Commercial Package Policies

Package your insurance and save with multi-policy discounts. Business Package Programs can be tailored to meet the individual needs of you and your business.

Commercial Insurance

  • Business Owners
  • Commercial Auto
  • Workers’ Compensation
  • Data Breach
  • Liability

See our Commercial Insurance offerings here, or contact an agent today to discuss what coverage your unique business needs. 

What is Business Owners Insurance

You know it’s important to have business insurance so you don’t have to pay out-of-pocket for incidents with your operations, employees, or legal standing. But do you understand all the different types of coverage that are available? Do you know what your unique business and its operations require? Business owners insurance combines your property and liability insurance into one policy.

Business Property Insurance 

Whether you own or rent, this aspect of your business owners insurance covers you from damage to the physical structure of your business. It will cover costs to repair or replace your business property, as well as property inside and around your location, such as inventory, technology, furniture, documents, tools, equipment, and so forth.

Business Liability Insurance

This policy will cover legal costs for claims brought against your business property, for example if someone is injured on your property. It will also cover claims of libel, slander, copyright infringement, advertising injury, and more.

Legal Minimum Coverage Requirements

Every state has its own legal requirements for minimum insurance coverage. Federal law requires U.S.-based businesses:

With employees to have:

  • Workers’ Compensation Insurance
  • Unemployment Insurance
  • Disability Insurance

With automobiles to have:

  • Commercial Auto Insurance

With certain professional services to have:

  • Professional Liability Insurance

That sell alcohol to have:

  • Liquor Liability Insurance 

Be sure to contact your agent for the most up-to-date requirements for your state and industry. 

Additional Policies for Your Business

While there are legal minimum insurance requirements, depending on the exact nature of your business, additional policies may be appropriate in addition to your Business Owners Insurance. Take a look at a few common policies below, and contact your Price & Ramey agent today to talk about what makes the most sense for your unique business operations. 

Professional Liability

Protect your business from legal costs for alleged or actual negligence, errors, or omissions in your professional services.

Cyber Liability

Cover costs and fines incurred by cyberattacks, data breaches, viruses, and other online legal claims.

Special Event Coverage

During your business-sponsored event, stay covered from injury or property damage.

Umbrella and Excess Liability

Include this policy to cover additional liabilities beyond your existing policy’s limits.

Key Person Life

Critical for companies that depend on a few “Key People” to generate a large portion of the company’s revenue.

Employment Practices Liability

Even though you are an honest and fair employer, one accusation of unfair employment practices could cost you thousands of dollars.

P&R Office 1950

Trust Price & Ramey Insurance

With agents like neighbors, your local independent agency is here for all of your insurance needs. Price & Ramey Insurance has been protecting our community for over 100 years.

Many unique needs. One Price & Ramey.