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Small Business Insurance with Doug Groves.

Small Business Insurance with Doug Groves, a small business owner and highly experienced commercial insurance professional. He shares how he got into the insurance industry and valuable tips & advice about commercial liability insurance for small business owners.

Doug Groves

Doug is the force behind Program Insurance Group. Doug has over 30 years of experience in the insurance industry. With his multi- faceted background as an Area Developer for multiple franchises, Doug brings the expertise of the franchise industry to the insurance business.

He maintains ownership in three insurance agencies and continues to do franchise development. He has a wife, three adult children, and is an avid outdoorsmen. Doug is passionate about philanthropy and is filled with an entrepreneurial spirit.

Doug lives in Bryan/College Station, Texas.


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Small business owners should consider carrying various types of insurance to protect their business from potential risks and liabilities. While the specific insurance needs may vary depending on the nature of the business, here are some common types of insurance that small business owners should consider:

1. General Liability Insurance: General liability insurance protects businesses from third-party claims for bodily injury, property damage, or personal injury. It covers legal expenses, medical costs, and potential damages if someone sues your business for these reasons.

2. Property Insurance: Property insurance provides coverage for physical assets, such as buildings, equipment, inventory, and furniture, against damage or loss due to fire, theft, vandalism, or certain natural disasters. It helps to replace or repair damaged property and can also cover the loss of income during the restoration period.

3. Professional Liability Insurance (Errors and Omissions Insurance): Professional liability insurance, also known as errors and omissions (E&O) insurance, is essential for businesses that provide professional services or advice. It protects against claims of negligence, errors, or omissions that may result in financial losses for clients.

4. Workers’ Compensation Insurance: Workers’ compensation insurance is typically required by law in most jurisdictions for businesses with employees. It provides coverage for medical expenses, rehabilitation costs, and lost wages if an employee suffers a work-related injury or illness. It helps protect both employees and the business from potential legal and financial consequences.

5. Commercial Auto Insurance: If your business uses vehicles for company operations, commercial auto insurance is crucial. It covers accidents, property damage, and injuries caused by vehicles used for business purposes. Commercial auto insurance typically provides higher coverage limits than personal auto insurance policies.

6. Cyber Liability Insurance: In today’s digital landscape, cyber liability insurance is becoming increasingly important. It provides coverage against data breaches, cyberattacks, and related liabilities. It can cover costs such as notifying affected customers, restoring compromised data, and managing potential legal claims.

7. Business Interruption Insurance: Business interruption insurance helps cover lost income and ongoing expenses if your business is unable to operate due to a covered event, such as a fire or natural disaster. It provides financial assistance to help the business recover and continue its operations during the interruption period.

8. Employment Practices Liability Insurance (EPLI): EPLI protects businesses against claims related to employment practices, such as wrongful termination, discrimination, harassment, or violation of employment laws. It covers legal costs and potential damages associated with such claims.

9. Product Liability Insurance: If your business manufactures, distributes, or sells products, product liability insurance is crucial. It provides coverage for legal expenses and potential damages if your products cause harm or injury to customers.

It’s important to assess the specific risks and needs of your small business and consult with an insurance professional or broker to determine the appropriate types and coverage limits for your situation. They can help tailor insurance policies to your business requirements and ensure you have adequate protection against potential risks.

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