Business insurance articles, videos, and guides.
Commercial Property Insurance, also known as Business Property Insurance, is something every company needs to protect its property – whether owned or leased. It is designed to protect a company’s property from such dangers as theft, fire, natural disasters, and more. The main benefits of commercial property insurance are it protects your building and its …
Directors and Officers Liability Insurance (D&O) cover leaders of an organization from personal financial losses as a result of serving as a leader in the company. The purpose is to cover costs associated with legal fees and settlements if sued. Who Can Get the Insurance? Employees may belong to for-profit companies or nonprofit organizations. There …
What is Directors and Officers (D&O) Liability Insurance? Read More »
There are many expenses and needs associated with starting a new business. Workers’ Compensation Insurance is something that owners should prepare for. This is true whether they are opening a salon or an accounting firm. What is Workers’ Compensation Insurance? Workers’ Compensation Insurance is a type of employee benefits policy to provide wage replacement and …
A Business Owners Policy (BOP) is an insurance policy that bundles three common coverages a business owner needs. Having a BOP policy makes it easier for you as a business owner to manage your insurance. This type of policy is also generally less expensive than buying these coverages separately. Here are the main reasons to …
Fleet insurance, commonly known as commercial fleet insurance, is designed to provide coverage for vehicles and drivers of a company. It is different from regular auto insurance in that the owner listed in the insurance policy must be a company, not a personal owner. Why Should a Company Get it? The most significant benefit of …
Commercial Fleet Insurance: What is it? And Should I Get It? Read More »
Every business owner understands how important insurance is to keeping everyone involved legally protected and safe. From employees and 1099 employees to your business and you individually, the right insurance coverage can help protect from a financial disaster following an accident. Here, we’ll take a look at one insurance of particular interest: Error and Omissions …
General liability insurance is also commonly referred to as “business liability insurance” or “commercial general liability insurance.” The policies offer protection if someone sues you for property damages and bodily injuries. Most insurers allow policyholders to choose between having standalone plans or bundling it with a business owner’s policy (BOP). For businesses, you can purchase …
What is liquor liability insurance? Liquor liability insurance serves an important layer of protection in many other business operations out there right now. What does this type of insurance offer its subscribers, and what kinds of companies are typical buyers? Provided Protections Against Lawsuits Unlike most other kinds of insurances, liquor liability insurance uniquely protects …
What Is an Employer’s Liability Insurance? It’s a policy that offers coverage for costs resulting from claims made by both current and former employees of an organization. It involves claims such as injuries, sickness, and death due to work-related activities. Most worker’s compensation policies have employer’s liability insurance in their second part. Some people use …
Employer’s Liability Insurance: How Does it Work? Read More »
Most types of business insurance are optinal. However, depending on state laws where your business is being conducted, may require you to have a specific type of coverage to cover against perils. Do you know these mandatory covers are? Below are four such covers: 1. Professional Liability Insurance (PLI) Public liability insurance is a cover …
