Planning to Insure Your Business

By Gregory Boop, About.com Guide to Business Insurance

Your business is unique. Your business needs a business insurance plan that fits your business. Here we look at the preparations and considerations necessary to properly insure your business.

1. Preparation
2. Purchasing the Right Business Insurance Policies
3. Specific Business Examples

Preparation

Preparing to purchase business insurance is a process that requires the business owner to analyze their business and to weigh the risks faced by the business. Preparing beforehand allows the business owner to communicate their needs to the insurance professional and insurer.

• Business Insurance Purchase Checklist
• Preparing a Business Insurance Budget
• Preparing to Purchase Business Insurance
• Prepare a Business Description
• Prepare a Disaster Plan

Purchasing the Right Business Insurance Policies

Understanding what different policy types cover is important to match your business insurance needs to what policy coverage. Knowing what coverage is mandatory and what business insurance is optional allows the business owner to control the business insurance budget.

• Summary of Insurance Types
• Property Insurance
• Liability Insurance
• Commercial Auto

• Workers' Compensation
• Health Insurance
• Life and Disability Insurance
• Business Interruption

Specific Business Examples

Each business is unique and requires an individual business insurance evaluation. But, a good starting point in any analysis is looking at examples of particular businesses. Here we look at some specific business examples.

• Home Based Business
• Insuring a Church
• Insuring a Farm