--- title: The 11 Policies You Can't Ignore description: Starting a business? Protect your dream with startup insurance! Essential policies (General Liability, BOP, E&O) lawsuits, property damage, and accidents. image: https://marketing.tansagency.com/hubfs/4fvna1LoSyGsorM1HCSMgQ.webp --- # [TANS AGENCY](https://marketing.tansagency.com/) The Right Protection. Simple. - [Home](https://marketing.tansagency.com/) - [About](https://marketing.tansagency.com/about.html) - [Services](https://marketing.tansagency.com/services.html) - [Blog](https://marketing.tansagency.com/blog.html) - [Contact](https://marketing.tansagency.com/contact.html) # The Tansagency Blog Insights and articles on Insurance, Bonds , and Financial Management. [Skip to content](https://marketing.tansagency.com/blog/the-11-policies-you-cant-ignore#main-content) ![The 11 Policies You Can't Ignore](https://marketing.tansagency.com/hs-fs/hubfs/4fvna1LoSyGsorM1HCSMgQ.webp?width=1312&height=736&name=4fvna1LoSyGsorM1HCSMgQ.webp) # The 11 Policies You Can't Ignore ![Tan Menon](https://app.hubspot.com/settings/avatar/72db20fb9464a07d4daa69bcdd2ffe94) Tan Menon October 22, 2025 Protect Your Dream: Essential Insurance for Startups![Startup Insurance Essentials: The 11 Policies You Can't Ignore.](https://marketing.tansagency.com/hs-fs/hubfs/4fvna1LoSyGsorM1HCSMgQ.webp?width=914&height=513&name=4fvna1LoSyGsorM1HCSMgQ.webp)   ## Protect Your Dream: Essential Insurance for Startups. Starting a new business is exciting, but what happens when the unexpected strikes? **Protecting your new company** from financial fallout is crucial, and the right insurance is a vital investment. ### Who Needs Startup Insurance? If you're launching a new company, the answer is simple: **you do**. Startup insurance protects the business you're building and prevents you from incurring massive debt due to unexpected accidents, lawsuits, or disasters. ### Why It's Essential The right policy helps cover: - **Lawsuits** over employee injuries or mistakes you make. - The cost of **repairing damaged property**. - **Injuries** that happen on your business premises. - **Cyberattack** costs, including credit monitoring for clients. ### Key Types of Business Insurance To get started, new businesses typically need to consider these core policies: - **General Liability Insurance:** This is foundational coverage. It protects you from legal responsibility for bodily injury or property damage to a third party. It also covers claims of "advertising injury" like libel or slander. - **Commercial Property Insurance:** Protects your business's physical assets—the building, inventory, furniture, and equipment—from perils like fire, theft, and storms. - **Business Owners' Policy (BOP):** Often the most affordable option, a BOP **bundles** General Liability, Commercial Property, and **Business Interruption** insurance. - **Business Interruption Insurance:** If damage forces your business to temporarily shut down, this covers operating costs (like payroll, lease payments) and a portion of lost income while you rebuild. ## **Specialized Coverage to Consider** Depending on your industry and employees, you may also need: - **Professional Liability Insurance** (Errors & Omissions): Covers legal claims arising from professional negligence, errors, or unsatisfactory work. Essential for service-based businesses (e.g., consultants, architects, lawyers). - **Workers' Compensation Insurance:** Covers medical treatment and lost wages for employees injured or made ill due to their job. **It's legally required in most states** as soon as you hire your first employee. - **Cyber Liability Insurance:** Protects against the costs associated with data breaches, viruses, and cyberattacks, including client notification and repairing your business's reputation. - **Commercial Auto Insurance:** Required if vehicles are owned by the business or frequently used for business purposes (e.g., deliveries). ### How Much Does Startup Insurance Cost? Premiums can range from a few hundred dollars to thousands annually. Your cost depends on: - The **type and limit** of coverage you choose. - Your business's **size, location, and industry**. - The **number of employees**. **We recommend working with an experienced insurance agent** who understands startup risks. We can help you determine the exact policies you need, find the best costs, and tailor a plan to your unique business. --- **Ready to secure your startup? Contact Tans Agency today for a free, no-obligation quote.** ## Share this post [mailto:https%3A%2F%2Fmarketing.tansagency.com%2Fblog%2Fthe-11-policies-you-cant-ignore](mailto:https%3A%2F%2Fmarketing.tansagency.com%2Fblog%2Fthe-11-policies-you-cant-ignore) ## Keep reading ### [![](https://marketing.tansagency.com/hs-fs/hubfs/yS3EgvS2S4qhgWSRteBBxQ.webp?width=1312&height=736&name=yS3EgvS2S4qhgWSRteBBxQ.webp) High Net Worth Insurance Teen Driver Insurance Umbrella Insurance The Shield You Didn't Know You Needed: Why an Umbrella Policy Matters](https://marketing.tansagency.com/blog/the-shield-you-didnt-know-you-needed-why-an-umbrella-policy-matters) ### [![](https://marketing.tansagency.com/hs-fs/hubfs/wAQxlO91Q0-k4M6BrufH1Q.webp?width=1312&height=736&name=wAQxlO91Q0-k4M6BrufH1Q.webp) BOP Small Business Insurance General Liability Insurance What Kind of Insurance Does My Business Actually Need?](https://marketing.tansagency.com/blog/what-kind-of-insurance-does-my-business-actually-need) ### Contact Tans Agency **Address:** 6600 Chase Oaks Blvd, #150, Plano, Texas 75023, United States **Phone:** [469.269.6539](tel:4692696539) **Email:** [sales@tansagency.com](mailto:sales@tansagency.com) ### Quick Links - [Auto Insurance](https://marketing.tansagency.com/auto) - [Home Insurance](https://marketing.tansagency.com/home) - [Other Insurance](https://marketing.tansagency.com/other-insurance) - [Get a Quote](https://marketing.tansagency.com/get-a-quote) ### Business Hours Mon - Fri: 9:00 am - 5:00 pm Sat - Sun: Closed \*\*Disclaimer:\*\* The information included is designed for informational purposes only. It is not legal, tax, financial or any other sort of advice, nor is it a substitute for such advice. The information may not apply to your specific situation. We have tried to make sure the information is accurate, but it could be outdated or even inaccurate in parts. It is the reader’s responsibility to comply with any applicable local, state or federal regulations. © 2025 Tans Agency. All rights reserved. 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