Business Insurance: Most Popular Articles
What's the difference between an agent and a broker? How does each make money from the premiums you pay? The answers are in this article.
Business insurance agents and business insurance brokers are different. Which professional you use depends on the size of your business operations.
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Product liability insurance is business insurance that is designed to cover liability of the business for damages caused by a product manufactured, supplied or designed by the business.
Endorsement - a business insurance definition
Business Insurance for your business may include professional liability or other types of coverage that will be either claims made coverage or occurrence coverage. Understanding the difference is important for your Business Insurance program.
The Employer Non-Owned Car Liability Coverage is business insurance that protects your business when employees operate their own auto as part of their employment.
The largest business insurers in the United States maintain a dominant web presence. Here is a list of the largest business insurers and associated links. Each website includes valuable information about the company and business insurance.
Liability policies may apply on either a claims-made or an occurrence basis. Learn how the two types differ.
An article on certificates of liability insurance, including their purpose, the information they contain, and problems they can create for small business owners.
Business insurance policies cover four basic things: property, liability, people, and income.
A discussion for small business owners of contractual liability, which is covered under the standard ISO general liability policy.
Businesses interested in lowering business insurance premium costs and having more control over their risk management plan may consider self-insurance. Self-insurance is a business insurance strategy where the company maintains a part of the insured risk.
Personal and advertising injury insurance covers certain offenses called intentional torts. Examples are libel, slander and false arrest. This article explains what acts are included.
Business insurance can provide coverage for damages caused by an advertising injury. Here we discuss advertising injury coverage and business insurance coverage for such risk.
Many contracts used in business require one party waive its right to sue another. Learn how a waiver of subrogation may affect the coverage provided by your insurance policies.
Business insurance brokers can offer more services to the business than the insurance agent. This is a list of the largest insurance brokers in the U.S. and their contact information.
There are many different types of business insurance. This is an overview of the types of insurance described as business insurance.
Business insurers may require the use of a release form or limitation on liability form be used by your business. Do release forms limit liability? Can a release form lower business insurance premiums?
Cyber liability insurance is growing in importance as a part of your business insurance plan. Cyber liability can protect your business against a number of electronic risks and their related costs.
Section 125 Plans allow an employer to offer benefits to their employees while saving health care premiums, taxes and workers' compensation premiums.
An article for small business owners about the numbers, called covered auto designation symbols, that appear in the declarations of a commercial auto policy.
Workers compensation premiums are based on a formula used throughout the industry. Understanding the formula helps you lower your business insurance premiums.
Directors and officers insurance is business insurance designed to protect the company and its directors and officers from personal liability claims.
Bars, taverns, inns, or any business that sells alcohol to the public have special insurance needs. Business insurance for a bar requires liability and property insurance. Here we look at business insurance for a bar.
Disability insurance is an important addition to you business risk management plan. Disability business insurance can provide protection to the small business person by providing income after a disability. Disability insurance can aid employees by providing a valuable benefit of disability protection.
A discussion of products-completed operations coverage and why small businesses need this coverage to protect themselves against claims and suits.
A Business Insurance Plan should include a Liquor Liability Policy if you supply, manufacture, or serve alcohol to your customers.
This is Part Two of an article on Damage to Premises Rented to You coverage. If your business is a tenant, be sure to read both parts of this article.
Did you know that you could be sued by your workers because of errors you make in administering their benefits? Protect yourself by purchasing employee benefits liability coverage.
Hired auto coverage is commercial auto coverage that provides coverage to you, or your business, when operating a vehicle you do not own or that is not registered to you.
Your business needs commercial auto coverage if it uses any titled vehicles in its business.
Workers' Compensation Insurance is mandated by state law and should be considered first in a business insurance plan.
Workers compensation insurance is business insurance that provides coverage for work place injuries to your employees. The policies can be confusing so here we take a look at the policy and what it covers.
Employment Practices Liability Insurance is liability insurance to protect your business from claims by employees against the business for things like wrongful discharge, workplace harassment and discrimination.
Learn how to insure rental cars, called hired autos under a commercial auto policy, for liability and physical damage.
If your business uses a vehicle, you need commercial auto insurance, and you will want to ask your business insurance professional some important questions.
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Business insurance premiums are tax deductible as business expenses. This article discusses the basic deductions for business insurance premiums.
A Liability Insurance Policy covers your business in the event of a law suit alleging your company caused damage or loss by a mistake.
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A discussion of the coverage afforded for suits by injured workers under employers liability coverage, Part Two under the standard workers compensation policy.
An article to help small business owners understand experience rating under a workers compensation policy.
Article that describes in detail the persons and entities that are included as insureds under a typical business auto policy
Discontinued Operations and Products Coverage is business insurance that covers the risk of loss after a business ceases operations.
A discussion of additional insured endorsements, including their purpose, the coverage they provide and restrictions they may contain.
Learn about a general liability policy, which covers lawsuits by individuals who claim they sustained bodily injury or property damage due to your negligence.
An article for small business owners that explains the difference between a Loss Payable clause and a Lenders Loss Payable clause under a commercial property policy.
Fire insurance is a necessary part of a business insurance plan. A fire can destroy the business by causing a loss of revenue and facilities.
The scope of coverage provided by the ISO CGL for liquor-related activities as a result of the liquor liability exclusion
Valuable papers business insurance coverage is critical insurance coverage to your business. Valuable papers coverage covers the cost of replacing documents used in your business.
Definition of Exclusion. Business Insurance.
An article about the Alternate Employer Endorsement, and how it can protect small business owners from lawsuits arising from injuries to temporary workers.
A discussion of the vendors endorsement, which protects small businesses against product liability claims when the businesses sell products made by other companies
An explanation for small business owners about coverage afforded under a standard workers compensation policy.
For small business owners, a list of ten signs that an insurance agent or broker may be dishonest.
Casualty insurance differs from property insurance. Casualty insurance insures the business while property insurance insures the location.
An article for small business owners that described the individual sections found in a typical commercial property policy.
An article for small business owners about the various functions that are performed by insurance company employees such as underwriters, adjusters and auditors.
Properly insuring mobile equipment for liability under a commercial liability and/or a commercial auto policy.
An article for small business owners about the coverages that are provided by a cyber liability policy.
Definition of Additional Insured
Building ordinances can significantly increase the cost of replacing a building. These increased costs aren't covered unless you have purchased building ordinance coverage.
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An overview of the coverage afforded by uninsured and underinsured motorist endorsements, and what small business owners should consider before purchasing these coverages.
Business Insurance for a church to protect the congregation and the physical location of the church is similar to insurance for a business.
Home businesses need business insurance to protect the business just like any other business. We discuss the most common types of business insurance needed.
Frequently Asked Questions About Workers' Compensation Insurance
Property Insurance is insurance that insures your location and contents.
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Business Interruption Insurance is coverage that protects your business from the loss of income from a loss of business location
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Business insurance is critical to your business. Choosing a business insurance professional who understands your needs and your business is an important first step in purchasing business insurance.
A discussion of the Insurance Services Office or ISO, an insurance research organization that provides statistical information and publishes policy forms on behalf of insurance companies.
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An article for small business owners about employee theft coverage, which is typically included as part of a commercial crime policy.
Staged auto accidents are a big business for criminals. Don't be a victim! Learn how to recognize common scams and what you can do to protect yourself.
A discussion of foreign voluntary compensation coverage, which small business owners may need if they employ workers that travel on business outside the United States.
This is an introduction to business insurance.
Have you assumed liability under a contract for lawsuits by your injured workers against someone else? You may be covered under contractual liability coverage.
Businesses that offer travelers a place to stay have special business insurance needs. Here is discussion of the business insurance needs of a lodging business.
Businesses often face the situation where an employee is accused of a crime or similar act. Business insurance may or may not provide coverage for such an act.
Business insurance such as workers' compensation insurance is mandated by the state. Premium discounts can be obtained by creating a drug-free workplace.
You can lower your business insurance premiums. Here are some tips to lower your business insurance premiums.
Definition of Occurrence. Business Insurance.
An article for small business owners regarding the regulation, licensing, and obligations of insurance agents and brokers.
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Contract Bonds, also known as Construction Bonds, are important risk-minimization tools utilized by municipalities and project developers across the country. These bonds are also frequently misunderstood.
Insuring non-owned autos under a commercial auto policy
Your Business Insurance premiums are based on the risk involved in your business. Here is a list of the riskiest jobs.
An article for small business owners about the circumstances under which insurers may cancel or non-renew a commercial insurance policy.
Business insurance is for managing risk. Risk means the chance of something going wrong causing damage to the business or to others. When claims occur, the claims must be reported to the business insurer. Here we look at how to submit a claim to the business insurer.
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An article for small business owners about commercial auto rating, and how liability and physical damage premiums are derived.
Online insurance quotes are available from many insurance companies. This is a listing of online insurance quote sites.
An article for small business owners on Supplementary Payments, a coverage that is afforded by a general liability policy and that includes defense and other expenses.
Business insurance provides you with a defense and a way to pay claims in case of an injury to a person or property. This article outlines what happens when your company faces a liability claim.
Business insurance for a farm requires a good deal of forethought in order to purchase the proper insurance for the farm operations.
An article for small business owners about Voluntary Compensation Endorsement, which may be used to cover workers who are not subject to state workers compensation laws.
Your business insurance risk management plan will include property insurance. Here are three tips to make sure your property insurance will cover your business in case of loss.
Business insurance premiums for your business are often the result of the way the business is operated. Bad claims history, poor safety records and poor business practices can greatly increase your business insurance costs.
Nonprofits and not-for-profit businesses and agencies work with volunteers and the public. Business insurance for the nonprofit is different from for profit business insurance.
An auto accident involving a rental vehicle can lead to a lawsuit against the rental company, which then demands reimbursement from you. Learn whether your policy will protect you!
Business interruption coverage can be explained by and example.
Sinkholes can occur virtually anywhere and can be natural or man-made. Learn whether sink-hole damage is covered under a typical property policy.
Insurable interest is an important concept in property insurance and it separates insurance from gambling, and ensures that insurance is not purchased for the purposes of committing fraud.
For the small business, the businessowners policy is the most effective and affordable business insurance option.
Business insurance policy disputes between insurers and insureds often end with a court interpreting the policy. We look at how courts interpret business insurance policies.
The meaning of bodily injury, as this term is used in commercial liability policies.
An article for small business owners that provides a brief introduction to Lloyd's of London, explaining what it is and how it operates.
Business insurance can be purchased online. So, why hire an insurance professional? We look at the benefits of purchasing insurance and getting online quotes versus hiring an insurance agent or broker.
An article for small business owners about the Individual Named Insured endorsement that is available to sole proprietors under a commercial auto policy.
An article for small business owners about the Longshore and Harbor Workers Compensation Act, a federal law that applies to land-based maritime workers.
Businesses that have their employees travel frequently may benefit by requiring travel insurance on travel purchased by the company. Travel insurance can also provide some valuable protection to expensive international business travel.
This is a Checklist of Documents and Information You Will Need to Purchase Business Insurance.
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How the use of electronic data and the Internet by small business owners create cyber risks that are not covered by standard property and general liability policies.
A discussion of a condition found in virtually all business insurance policies that specifies the circumstances under which the insurer may cancel the policy and the number of days notice it must provide to the insured.
A discussion of the meaning of retroactive date, a feature in a claims-made policy that is the earliest date on which an event may occur and still qualify for coverage under a policy.
American International Group or AIG is the nation's largest business insurer. AIG may fail or declare bankruptcy. This article discusses what happens when an insurer becomes insolvent. It addresses whether your business will lose business insurance.
Business insurance is critical to control risk. There are many common myths about business liability and the need for business insurance. Here we examine those myths about business insurance.
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Choosing an Insurance Company for your Business Insurance.
Phone calls you make and emails you distribute for marketing purposes may violate federal laws. The result may be fines or lawsuits that are not covered by liability insurance.
High Deductible Health Plans and a Health Savings Account can be a good way for newer small businesses to provide coverage to their employees.
An article for small business owners that describes the coverage afforded by the standard commercial auto policy for pollution-related losses via exceptions to the pollution exclusion.
Workers' Compensation generally excludes a lawsuit against an employer for workplace injuries. However, Violation of a Specific Safety Regulation claims (VSSR) claims and intentional torts still can result in extraordinary liability above insurance.
Business interruption insurance is notoriously difficult to purchase in the correct coverage amount. Under insuring will result in a penalty.
An article for small business owners about the coverage afforded by a liquor liability policy, which is designed for businesses that sell, manufacture, distribute, sell or serve alcoholic beverages.
An article for small business owners about errors and omissions liability coverage, including the key features of a typical policy.
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Businesses looking to find health insurance for their employees are going to be affected by any health care reform. Business insurance costs can be affected by such reform. Here we look at what an employer mandate means to the business owner.
An article for small business owners about mold as a commercial property hazard and the extent to which it is covered under property insurance.
Shopping for a claims-made policy? Here are some pitfalls to look out for when considering a policy or when comparing one policy with another.
Definition of coinsurance. Business Insurance.
Definition of Adjuster. Business Insurance.
An article for small business owners about auto medical payments coverage, which is available as a coverage option under a commercial auto policy.
If you are insured under s standard workers compensation policy, be sure it includes Other States coverage. The latter ensures your workers will be covered if you begin work in a new state.
Be sure to read this article if your lease requires you to cover your landlord under your liability policy as an additional insured!
A discussion of the functions performed by the NCCI, a national insurance organization that provides rating, statistical and other services to state insurance bureaus.
Will an automatic braking system (a type of front crash prevention system) help you avoid auto accidents and reduce your commercial auto premium?
An article for small business owners that describes auto no-fault laws and personal injury protection coverage.
Issues to consider before buying a commercial umbrella policy, including the limits, coverages, cost, variations and pitfalls.
An article for small business owners about the insurer's duty to defend under the standard general liability policy.
Damage to Premises Rented to You is a liability coverage that protects tenants against claims arising from fire damage to rented buildings. If you are a tenant, this article is for you!
International and multi-national businesses, banks, financial institutions and other businesses that do business in countries with unstable social and political conditions can reduce the risk of of revolution, regime change or political violence with political risk insurance.
Business insurance is made more confusing by the use of industry specific terms. The terms can be confusing. Here we discuss some basics and answer how to insure just about every aspect of your business in lay terms.
Business insurance is a significant cost of doing business. Planning your small business insurance plan requires budgeting for insurance.
Debris removal coverage is an essential element of a commercial property or businessowners policy. Find out why this coverage, which is often overlooked, is so important.