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.
Endorsement - a business insurance definition
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.
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.
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Liability policies may apply on either a claims-made or an occurrence basis. Learn how the two types differ.
Business contracts may require you to assume liability on behalf of someone else. Fortunately, your assumption of liability may be covered by your liability policy.
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.
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.
An article on certificates of liability insurance, including their purpose, the information they contain, and problems they can create for small business owners.
Personal and advertising injury insurance covers certain intentional torts such as libel and false arrest. This article explains these acts and other covered offenses.
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.
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.
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.
Section 125 Plans allow an employer to offer benefits to their employees while saving health care premiums, taxes and workers' compensation premiums.
Damage to your business caused by earthquakes are not covered by your business insurance policy. If your business is in an area prone to earthquakes, then such business insurance coverage should be considered.
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.
An article for small business owners regarding the regulation, licensing, and obligations of insurance agents and brokers.
Directors and officers insurance is business insurance designed to protect the company and its directors and officers from personal liability claims.
An article for small business owners about the numbers, called covered auto designation symbols, that appear in the declarations of a commercial auto policy.
A Business Insurance Plan should include a Liquor Liability Policy if you supply, manufacture, or serve alcohol to your customers.
Workers compensation premiums are based on a formula used throughout the industry. Understanding the formula helps you lower your business insurance premiums.
There are many different types of business insurance. This is an overview of the types of insurance described as business insurance.
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.
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.
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.
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.
Business insurance premiums are tax deductible as business expenses. This article discusses the basic deductions for business insurance premiums.
Business insurance policies cover four basic things: property, liability, people, and income.
If your business uses a vehicle, you need commercial auto insurance, and you will want to ask your business insurance professional some important questions.
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.
A discussion of products-completed operations coverage and why small businesses need this coverage to protect themselves against claims and suits.
Employers Liability is covered via Part Two of the standard workers compensation policy. Learn how this coverage protects you against suits by injured workers.
What is a loss payable clause, and how does it differ from a lender's loss payable clause? This article has the answer.
Your business needs commercial auto coverage if it uses any titled vehicles in its business.
Definition of Additional Insured
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.
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Definition of Exclusion. Business Insurance.
Learn about a general liability policy, which covers lawsuits by individuals who claim they sustained bodily injury or property damage due to your negligence.
Experience rating is a rating method used in workers compensation insurance. Learn how your firm's previous loss history affects the premium you pay today.
An overview of the coverage afforded by uninsured and underinsured motorist endorsements, and what small business owners should consider before purchasing these coverages.
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A Liability Insurance Policy covers your business in the event of a law suit alleging your company caused damage or loss by a mistake.
Learn about additional insured endorsements, including their purpose, whom they typically cover and what restrictions they are likely to contain.
The summer of 2014 will be the hottest on record according to article in The Independent, an online newspaper. A team of scientists in Germany have predicted
Casualty insurance differs from property insurance. Casualty insurance insures the business while property insurance insures the location.
What's covered under a typical commercial property policy? While policies vary, many follow a similar format. Learn what you policy is likely to include.
Your Business Insurance premiums are based on the risk involved in your business. Here is a list of the riskiest jobs.
Suppose your firm sponsors a social event where liquor is served. If a drunken attendee injures someone else, who then sues your firm, your liability policy may cover the suit.
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Property Insurance is insurance that insures your location and contents.
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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.
This is an introduction to business insurance.
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.
Learn how to insure rental cars, called hired autos under a commercial auto policy, for liability and physical damage.
An article for small business owners about commercial auto rating, and how liability and physical damage premiums are derived.
For small business owners, a list of ten signs that an insurance agent or broker may be dishonest.
Article that describes in detail the persons and entities that are included as insureds under a typical business auto 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.
Discontinued Operations and Products Coverage is business insurance that covers the risk of loss after a business ceases operations.
An article about the Alternate Employer Endorsement, and how it can protect small business owners from lawsuits arising from injuries to temporary workers.
Frequently Asked Questions About Workers' Compensation Insurance
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For the small business, the businessowners policy is the most effective and affordable business insurance option.
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 Insurance for a church to protect the congregation and the physical location of the church is similar to insurance for a business.
A discussion of the functions performed by the NCCI, a national insurance organization that provides rating, statistical and other services to state insurance bureaus.
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An article for small business owners about the various functions that are performed by insurance company employees such as underwriters, adjusters and auditors.
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.
Have you signed a contract that required you to assume someone's else's tort liability? Your assumption of liability may be covered under your commercial auto 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.
Why utilize an independent insurance agent when you can buy insurance online? Here are five ways you will benefit by using an agent.
Properly insuring mobile equipment for liability under a commercial liability and/or a commercial auto policy.
This week Uber and Lyft, two ridesharing companies, announced that their insurance policies have been extended to cover drivers who are logged into the
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.
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.
An article for small business owners about employee theft coverage, which is typically included as part of a commercial crime policy.
Learn what coverages are afforded under a standard workers compensation policy and the benefits your workers are likely to receive if injured on the job.
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.
A blog for small business owners about workers compensation fraud committed by employees, and how to tell that injuries may be fake.
Many insurers create specific programs dedicated to your specific business and this can be an excellent way of purchasing business insurance tailored to your business.
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 such as workers' compensation insurance is mandated by the state. Premium discounts can be obtained by creating a drug-free workplace.
Definition of Occurrence. Business Insurance.
Building ordinances can significantly increase the cost of replacing a building. These increased costs aren't covered unless you have purchased building ordinance coverage.
Home businesses need business insurance to protect the business just like any other business. We discuss the most common types of business insurance needed.
A blog for small business owners about landslides, including the Oso landslide, and the factors that make them more likely to occur.
A blog about thesupervolcano at Yellowstone and the likelihood that the volvano will explode in the near future.
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.
Definition of Reinsurance. Business Insurance.
A vendor endorsement covers a vendor as an additional insured. It protects the vendor against claims arising from products the vendor did not make.
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.
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.
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Business Interruption Insurance is coverage that protects your business from the loss of income from a loss of business location
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.
Online insurance quotes are available from many insurance companies. This is a listing of online insurance quote sites.
The Insurance Services Office is an insurance research organization that provides various services to insurance companies. To learn more about ISO, read this article.
You can lower your business insurance premiums. Here are some tips to lower your business insurance premiums.
A blog for small business owners about the development of a priavte insurance market for flood insurance.
Ignition switch problems have forced General Motors to recall numerous vehicles. GM's experience shows how a product recall can damage a company's reputation.
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.
An article about the diminution in value exclusion in commercial auto policies and its affect on small businesses that own or rent autos.
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.
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!
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.
State laws may restrict your insurer's right to non-renew your insurance coverage. Learn how these laws typically apply.
Lowering your business insurance premiums requires lowering your business risk. Theft and fraud risk can be lowered with a security and surveillance system.
An article for small business owners about the coverages that are provided by a cyber liability policy.
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 provides a brief introduction to Lloyd's of London, explaining what it is and how it operates.
There are five main companies that provide ratings for insurers.
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.
An article for small business owners about errors and omissions liability coverage, including the key features of a typical policy.
Good news! Weather experts are expecting a milder hurricane season in 2014 than normal. Find out why.
Business interruption coverage can be explained by and example.
An article for small business owners listing ten questions their agent should ask them before their insurance policies are renewed each year.
Issues to consider before buying a commercial umbrella policy, including the limits, coverages, cost, variations and pitfalls.
What is subrogation and why is it important? Learn what this term means and why it appears in virtually all commercial insurance policies.
Business interruption insurance is notoriously difficult to purchase in the correct coverage amount. Under insuring will result in a penalty.
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Choosing an Insurance Company for your Business Insurance.
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.
Small business is often family business. A family business can generally deduct or exclude from income the costs of providing health insurance to spouse-employees and family-employees.
An article for small business owners about the insurer's duty to defend under the standard general liability policy.
The meaning of bodily injury, as this term is used in commercial liability policies.
An article for small business owners that explains what types of pollution losses are covered, and which are excluded, under a typical commercial property policy.
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.
Business insurance for a farm requires a good deal of forethought in order to purchase the proper insurance for the farm operations.
What does Separation of Insureds mean? This article explains this concept and why it is important in the event one named insured sues another.
Content you share on the Internet can get you in trouble if you infringe on someone else's copyright. Here are common misconceptions about copyrights.
Home offices can be protected against risk by proper business insurance coverage. This article discusses what insurance is available for the home office.
Sinkholes can occur virtually anywhere and can be natural or man-made. Learn whether sink-hole damage is covered under a typical property policy.
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.
Insuring non-owned autos under a commercial auto policy
Be sure to read this article if your lease requires you to cover your landlord under your liability policy as an additional insured!
An article for small business owners about the parts of a typical insurance policy and how policies are usually organized.
An article for small business owners about the Individual Named Insured endorsement that is available to sole proprietors under a commercial auto policy.
Definition of coinsurance. 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.
An article for small business owners that explains the coverage afforded by the exceptions to the pollution exclusion found in a typical general liability policy.
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.
This is a Checklist of Documents and Information You Will Need to Purchase 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.