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There are many types of small business insurance policies and figuring out which ones your company needs to secure can be a full time job. Meeting legal requirements is one thing, protecting your business assets, employees, and financials is another. Many small business owners have turned to combined commercial insurance to satisfy all of their insurance needs in one shot.

Combined commercial insurance is the process of putting all types of insurance policies together in one big umbrella policy and providing your company with all the coverage it needs in one shot. Getting this type of coverage requires soliciting the help of an experienced business insurance broker. You have to make sure that you combine all of the right coverages, with the right coverage limits, so that you meet all legal requirements and protect your company and its assets at the same time.

Most business owners combine some combination of the following types of business insurance - building, stock, workers compensation, employee health and dental, business contents and public liability. Each policy type offers its own coverage options and each has its pricing structure. When getting combined commercial policies, however, you receive reduced rates on all types because of purchasing them through one company.

Again, it’s important to use an insurance broker when putting together a combined policy because you want to ensure that you are not underinsured and not over insured either. Paying for overlapping coverage is one mistake that many small business owners make, and this mistake can end up costing them thousands of dollars throughout the year.