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.
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.
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.
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Liability policies may apply on either a claims-made or an occurrence basis. Learn how the two types differ.
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 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.
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.
Do you hire contractors or are you a contractor? If so, be sure to read this article. It explains the basics of certificates of liability insurance.
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.
Personal and advertising injury insurance covers certain intentional torts such as libel and false arrest. This article explains these acts and other covered offenses.
Directors and officers insurance is business insurance designed to protect the company and its directors and officers from personal liability claims.
Section 125 Plans allow an employer to offer benefits to their employees while saving health care premiums, taxes and workers' compensation premiums.
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.
Your Business Insurance premiums are based on the risk involved in your business. Here is a list of the riskiest jobs.
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.
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.
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An article for small business owners about the numbers, called covered auto designation symbols, that appear in the declarations of a commercial auto policy.
There are many different types of business insurance. This is an overview of the types of insurance described as business insurance.
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.
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?
Workers compensation premiums are based on a formula used throughout the industry. Understanding the formula helps you lower your business insurance premiums.
A Business Insurance Plan should include a Liquor Liability Policy if you supply, manufacture, or serve alcohol to your customers.
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.
An article for small business owners about errors and omissions liability coverage, including the key features of a typical policy.
Workers' Compensation Insurance is mandated by state law and should be considered first in a business insurance plan.
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 premiums are tax deductible as business expenses. This article discusses the basic deductions for business insurance premiums.
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.
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.
A Liability Insurance Policy covers your business in the event of a law suit alleging your company caused damage or loss by a mistake.
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.
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
You probably don't expect your employees to steal from you. Unfortunately, many workers do steal. Learn how you can protect yourself with Employee Theft Coverage.
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Your agent or broker earns a commission each time you buy or renew a policy. In return, he or she owes you certain obligations. Find out what these are.
What is a loss payable clause, and how does it differ from a lender's loss payable clause? This article has the answer.
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 about a general liability policy, which covers lawsuits by individuals who claim they sustained bodily injury or property damage due to your negligence.
Employers Liability is covered via Part Two of the standard workers compensation policy. Learn how this coverage protects you against suits by injured workers.
A discussion of products-completed operations coverage and why small businesses need this coverage to protect themselves against claims and suits.
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.
Your business needs commercial auto coverage if it uses any titled vehicles in its business.
Why utilize an independent insurance agent when you can buy insurance online? Here are five ways you will benefit by using an agent.
Discontinued Operations and Products Coverage is business insurance that covers the risk of loss after a business ceases operations.
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.
Learn how to insure rental cars, called hired autos under a commercial auto policy, for liability and physical damage.
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Casualty insurance differs from property insurance. Casualty insurance insures the business while property insurance insures the location.
Property Insurance is insurance that insures your location and contents.
Learn about additional insured endorsements, including their purpose, whom they typically cover and what restrictions they are likely to contain.
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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.
Article that describes in detail the persons and entities that are included as insureds under a typical business auto policy
Definition of Exclusion. Business Insurance.
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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.
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.
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An article about the Alternate Employer Endorsement, and how it can protect small business owners from lawsuits arising from injuries to temporary workers.
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.
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.
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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.
For small business owners, a list of ten signs that an insurance agent or broker may be dishonest.
There are five main companies that provide ratings for insurers.
An article for small business owners about the coverages that are provided by a cyber liability policy.
An article for small business owners about commercial auto rating, and how liability and physical damage premiums are derived.
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.
Business Interruption Insurance is coverage that protects your business from the loss of income from a loss of business location
The Insurance Services Office is an insurance research organization that provides various services to insurance companies. To learn more about ISO, read this article.
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.
Definition of Additional Insured
A vendor endorsement covers a vendor as an additional insured. It protects the vendor against claims arising from products the vendor did not make.
An article for small business owners about the various functions that are performed by insurance company employees such as underwriters, adjusters and auditors.
This is an introduction to business insurance.
What is subrogation and why is it important? Learn what this term means and why it appears in virtually all commercial insurance policies.
Building ordinances can significantly increase the cost of replacing a building. These increased costs aren't covered unless you have purchased building ordinance coverage.
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 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.
Lloyd's of London has existed for centuries but many people aren't sure what it does. Read this article to learn what Lloyd's is and how it operates.
State laws may restrict your insurer's right to non-renew your insurance coverage. Learn how these laws typically apply.
Does your company use mobile equipment like a forklift, backhoe or cherry picker? If so, be sure to read this article.
Business Insurance for a church to protect the congregation and the physical location of the church is similar to insurance for a business.
Frequently Asked Questions About Workers' Compensation Insurance
Your company has been sued for discrimination! Will the lawsuit be covered by your general liability policy? The answer is in this article.
Small businesses are not immune to claims alleging discrimination and other employment practices. Learn how employment practices liability coverage can protect you.
Online insurance quotes are available from many insurance companies. This is a listing of online insurance quote sites.
Insuring non-owned autos under a commercial auto policy
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The best way to reduce business insurance premiums is to reduce risk and follow proven safety methods. Holiday decorations can pose a fire risk and it is important to review Holiday Fire Safety with your company's employees.
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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.
Business insurance such as workers' compensation insurance is mandated by the state. Premium discounts can be obtained by creating a drug-free workplace.
Business interruption coverage can be explained by and example.
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.
An article for small business owners about the parts of a typical insurance policy and how policies are usually organized.
Definition of Occurrence. Business Insurance.
You can lower your business insurance premiums. Here are some tips to lower your business insurance premiums.
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.
An overview of the coverage afforded by uninsured and underinsured motorist endorsements, and what small business owners should consider before purchasing these coverages.
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.
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!
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.
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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.
Home businesses need business insurance to protect the business just like any other business. We discuss the most common types of business insurance needed.
Definition of Reinsurance. Business Insurance.
Small businesses whose operations are risky or unusual may need to seek coverage from a non-admitted insurer using a surplus lines broker.
Issues to consider before buying a commercial umbrella policy, including the limits, coverages, cost, variations and pitfalls.
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.
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An article for small business owners about the Individual Named Insured endorsement that is available to sole proprietors under a commercial auto policy.
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.
Home offices can be protected against risk by proper business insurance coverage. This article discusses what insurance is available for the home office.
Be sure to read this article if your lease requires you to cover your landlord under your liability policy as an additional insured!
Have you assumed liability under a contract for lawsuits by your injured workers against someone else? You may be covered under contractual liability coverage.
For the small business, the businessowners policy is the most effective and affordable business insurance option.
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.
Learn about the NCCI, a national organization that performs important services on behalf of insurers and state insurance bureaus.
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 explains the purpose and benefits of extra expense coverage.
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.
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.
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.
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.
Beware of these 10 hazards if you operate a business in a cold climate!
Flower shops and florists bring nature to the city and bring beauty to many occasions. Florists also have unique risks to their business that need to be considered. What business insurance should the florist consider?
Good news! Weather experts are expecting a milder hurricane season in 2014 than normal. Find out why.
If you engage in contracts with customers, don't follow the example of this small business owner! He tried to impose a one-sided agreement on a customer.
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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.
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.
Business interruption insurance is notoriously difficult to purchase in the correct coverage amount. Under insuring will result in a penalty.
Most commercial property policies contain a pollution exclusion like the one in the ISO policy. Learn what types of losses are typically excluded and which ones are covered.
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.
An article for small business owners about auto medical payments coverage, which is available as a coverage option under a commercial auto policy.
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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.
Do you have a written policy on the use of E-cigarettes in the workplace? If not, you should create one now.
A cyber attack can be devastating for a small business. Learn how a hacking event can hurt you and whether the harm that occurs is likely to be covered by insurance.
Many property policies provide limited coverage for damage to property caused by fungus (mold). Learn what's covered (and excluded) under a typical policy.
An article for small business owners listing ten questions their agent should ask them before their insurance policies are renewed each year.
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!