Whether you have just started a small business or are growing into a much larger company, you must know your risks and how to mitigate them. You can't prevent every mishap, but you can reduce the amount of time and money they cost your business. Business insurance is extensive and comprehensive. Thus, you have different policies and coverage for a variety of scenarios. The common policies are Commercial Property Insurance (CPP), Commercial General Liability (CGL) and Business Owner’s Policy (BOP). While the building and contents coverage of a commercial property insurance policy provides the essential property coverage for a business, a commercial general liability insurance policy provides the essential liability insurance coverage for a business. Most businesses are covered by a CGL or other form, such as a businessowners policy (more appropriate for small to medium sized businesses), that provides similar coverage.