Jeremy Brown

1 week ago | insurance.com | Jeremy Brown |Scott Nyerges

Vendor liability insurance is a form of small business insurance offered by many carriers. At minimum, a policy protects from third-party claims of injury or property damage, but depending on the insurer, it can also provide additional coverages. Unlike some types of small business insurance, vendor insurance terms can range from one day to a year. Coverage is split into per occurrence, or person, and aggregate, or per event, typically with limits of $1 million, $2 million or $3 million.