Running a small business in Colorado means juggling a lot of insurance acronyms — BOP, GL, WC, EPLI, COMM AUTO. Here is what each actually does and what most Colorado small businesses really need.
General Liability (GL)
Covers third-party bodily injury and property damage you cause — for example, a customer slipping in your shop or your installer breaking a client's window. This is the foundation policy for almost every business.
Business Owner's Policy (BOP)
A BOP bundles general liability with commercial property (covering your building, inventory, equipment, and business income if you have to shut down after a covered loss). It's almost always cheaper than buying GL and property separately.
Workers' Compensation
Colorado requires workers' compensation coverage for most employers with employees. It covers medical bills and lost wages for employees injured on the job, subject to state law and policy terms.
Commercial Auto
Personal auto policies exclude business use. If you or your employees drive for work — sales calls, deliveries, job sites — you need commercial auto.
Professional Liability (E&O)
For service businesses — consultants, accountants, designers, IT — covers claims that your advice or service caused a client financial loss.
Cyber Liability
If you store customer data, accept credit cards, or rely on email and cloud apps, cyber liability covers breach response, ransomware, and regulatory fines. It's no longer optional for most businesses.
Employment Practices (EPLI)
Covers wrongful termination, discrimination, and harassment claims from employees.
Cassondra builds layered programs that combine these into one coordinated package — and reviews them annually as your business grows.
Sources
Rules, rates, underwriting practices, and market conditions can change. Consult the original source and your policy for current details.