Even in the earliest stages, certain insurance types might benefit your startup. General liability insurance could help address common risks like customer injuries on your premises or accidental damage to others' property.
Professional liability insurance (also called errors and omissions) might be valuable if your startup offers professional services or advice. This coverage could help with claims alleging mistakes or oversights in your professional work and can be particularly relevant for consultants, technology firms and service-based startups.
Growth-stage Considerations 
As your startup hires employees, workers' compensation insurance becomes a legal requirement in Oklahoma. This coverage might help with medical expenses and lost wages if employees suffer work-related injuries or illnesses.
Business property insurance becomes increasingly important as your startup acquires more equipment, inventory and physical assets. For Oklahoma City businesses, where severe weather presents real concerns, understanding how this coverage might respond to events like tornadoes or hailstorms merits special attention.
Specialized Coverage Worth Exploring
Depending on your industry, several specialized coverage types might warrant consideration, including the following:
- Cyber liability insurance for startups handling sensitive data
- Product liability coverage for those creating physical products
- Business interruption insurance to help with lost income during disruptions
- Commercial auto coverage for company vehicles
Learn More
Contact Metro One Insurance Agency in Oklahoma City, OK, to discuss business insurance options for your startup. Our team can review coverage choices aligned with your new venture's specific needs.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.