Business Insurance

When we think of insurance, we usually imagine insurance which is commonly found in our daily lives such as life insurance, home insurance or car insurance. Business insurance however, forms a sizeable chunk of insurance in general.

How it works

Although the specifics of business insurance policies are rather complicated and as diverse as the different types of business that exist, the basic principle of business insurance is rather simple. To put it plainly, the objective of business insurance is to spread and manage the risks between other existing businesses.

All businesses are not equally successful. Some do well while others struggle to exist. The business insurance companies collect regular premiums from business owners and add it to a central pool. Money is then drawn from this pool to assist businesses which have suffered losses which might be attributed to adverse market conditions, labor problems or any other reason.

Types of Coverage under Business Insurance

Here are a few commonly available categories of business insurance:

  1. Commercial Property Insurance
  2. Comprehensive General Liability Insurance
  3. Professional Liability or Errors and Omissions Coverage
  4. Accounts Receivable Coverage
  5. Crime and Fidelity Coverage

Business Insurance Topics

 
  • Business Insurance Agents

    Whether it is a small commercial business ownership or a multimillion-dollar company, every business needs insurance to protect the owners from losses...

  • Home Business Insurance

    Many homeowners operate a business or work out of their homes. Most of them are under the impression that their home insurance will cover everything in their house, including their business...

  • Construction Insurance Cover

    The magnitude of risks involved in the construction industry require a construction company to posses the right construction insurance cover...

  • Business Building Insurance

    A business with one or more buildings would require business building insurance. One of the biggest assets of a company is its building, so it is only sensible to insure the premises in which a business functions...

  • Business General Liability Insurance

    A business is all about planning and executing the plans. However, even the best of the best plans can go haywire when accidents happen...

  • Business Owners Insurance

    A great help to small businesses, business owner’s insurance, also known as the business owner’s policy, is an essential coverage for businesses to be covered against accidents, financial loss, property damage and more...

  • How to Prepare to File an Insurance Claim

    No matter the type of insurance you have, it is important for you to know how to prepare to file an insurance claim...

  • Types of Commercial Property Insurance

    Commercial property is subject to many risks and the property owner would have to face heavy losses if the property were to get damaged or destroyed...

  • Property Insurance Quote

    Purchase of property requires a lot of money. A person buying a home would either have saved for a long period of time or may have taken a loan to fund the purchase...

  • Property Insurance Policies

    When a person takes an insurance policy, he is protecting himself against some kind of risk. The risk may be to his life or there may be a risk of possible liability or it may be the risk of damage to property...

  • Property Insurance Coverage

    One faces various kinds of financial risk in the course of daily life. This may be related to one’s personal life or to one’s business on profession...

  • Liability Insurance Coverage

    The insurance system in USA has numerous sub-categories and liability insurance coverage is a part of it...

  • Best Online Insurance Quotes

    Understanding the importance of insurance of any kind, be it life, auto, household, medical etc is the fundamental step...

  • Property Insurance Rates

    Owning property involves a huge investment. When a person buys a home or office space, he would have paid...

  • Property Insurance

    A person’s property may be damaged or destroyed by fire, theft, a terror attack or a natural disaster like an earthquake...

  • Property Insurance Calculator

    Property - whether residential or commercial - is subject to different kinds of risks. Theft, arson, earth quake or war may partially or completely destroy the premises or its contents...

  • Insurance for Business

    Insurance is essentially risk management. Operating a business is a tough hard job, requiring time, money and the sweat of your brow, to get it where it can profit you...

  • Insurance Company Activities

    Insurance is one sector that is highly regulated and in some parts of the world strictly controlled by various governing regulations...

  • Types of Liability Insurance in USA

    Many a times it so happens that the procedures and activities taking place in the Industrial sector and the commercial sector can affect certain third parties on various levels including the financial level...

  • Liability Insurance Rates in USA

    Car insurance is designed for those individuals who own cars and aims to protect them and to cover the costs incurred due to damages to the car and the insured individual during car accidents...

  • Liability Insurance in US

    Liability insurance is a type of insurance cover which is meant to defend the company’s insured clients in case of legal lawsuits and monetary claims made by a third party, due to the actions of the insured client...

  • Liability Insurance Policy in US

    Liability insurance policies in USA are purchased by customers as a means to defend themselves in case of legal lawsuits filed against them due to any harm caused by their occupation or business to a 3rd party or the general public...

  • Business Disability Insurance

    Running a business is quite an undertaking and protecting it from unexpected events is the responsibility of the owner...

  • Temporary Disability Insurance

    Temporary disability insurance is made available to people when they are not able to work for a period of time...

  • Contractors Insurance

    Accidents in a work place are unavoidable. To protect your business and yourself against unforeseen risks...

  • Commercial Business Insurance

    You need coverage to protect your business and defend it at all times against injuries, damages and litigations...