Policy TypeWhat It CoversTypical Annual PremiumKey LimitRequired by Clients/Regulations
General LiabilityThird-party bodily injury and property damage$300–$600/year$1M per occurrence
Professional Liability (E&O)Missed deadlines and unsatisfactory work$400–$1,200/year$1M coverage
Equipment and Gear CoverageTheft and accidental damage to equipmentVaries with equipment valueReplacement cost basis
Commercial Auto InsuranceBusiness use accidents and transit coverageVaries by vehicleVehicle and gear in transit
Drone InsuranceHull damage and third-party liability$300–$800/year$1M liability minimum
Business Owners Policy (BOP)Bundles multiple policies at lower costVaries by coverage bundledVaries by policy bundle