Business Insurance: Most Popular Articles
Business insurance agents and business insurance brokers are different. Which professional you use depends on the size of your business operations.
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.
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
Your Business Insurance premiums are based on the risk involved in your business. Here is a list of the riskiest jobs.
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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.
Liability policies may apply on either a claims-made or an occurrence basis. Learn how the two types differ.
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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 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.
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.
Personal and advertising injury insurance covers certain intentional torts such as libel and false arrest. This article explains these acts and other covered offenses.
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.
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.
Section 125 Plans allow an employer to offer benefits to their employees while saving health care premiums, taxes and workers' compensation premiums.
Directors and officers insurance is business insurance designed to protect the company and its directors and officers from personal liability claims.
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.
An article for small business owners about the numbers, called covered auto designation symbols, that appear in the declarations of a commercial auto policy.
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.
What is a loss payable clause, and how does it differ from a lender's loss payable clause? This article has the answer.
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.
A Business Insurance Plan should include a Liquor Liability Policy if you supply, manufacture, or serve alcohol to your customers.
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.
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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.
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.
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.
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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.
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.
There are many different types of business insurance. This is an overview of the types of insurance described as business insurance.
Anti-indemnity statutes are state laws that prohibit certain types of agreements found in construction contracts. If you are a contractor, read this article!
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
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.
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.
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.
Workers' Compensation Insurance is mandated by state law and should be considered first in a business insurance plan.
Business insurance premiums are tax deductible as business expenses. This article discusses the basic deductions for business insurance premiums.
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.
If your business uses a vehicle, you need commercial auto insurance, and you will want to ask your business insurance professional some important questions.
A discussion of products-completed operations coverage and why small businesses need this coverage to protect themselves against claims and suits.
Why utilize an independent insurance agent when you can buy insurance online? Here are five ways you will benefit by using an agent.
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 a general liability policy, which covers lawsuits by individuals who claim they sustained bodily injury or property damage due to your negligence.
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 vendor endorsement covers a vendor as an additional insured. It protects the vendor against claims arising from products the vendor did not make.
Employers Liability is covered via Part Two of the standard workers compensation policy. Learn how this coverage protects you against suits by injured workers.
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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.
Your business needs commercial auto coverage if it uses any titled vehicles in its business.
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.
Business insurance policies cover four basic things: property, liability, people, and income.
Learn how to insure rental cars, called hired autos under a commercial auto policy, for liability and physical damage.
An article about the Alternate Employer Endorsement, and how it can protect small business owners from lawsuits arising from injuries to temporary workers.
Discontinued Operations and Products Coverage is business insurance that covers the risk of loss after a business ceases operations.
Definition of Exclusion. Business Insurance.
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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 the various functions that are performed by insurance company employees such as underwriters, adjusters and auditors.
This is an introduction to business 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.
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What is subrogation and why is it important? Learn what this term means and why it appears in virtually all commercial insurance policies.
Many of the risks that arise out of the use of electronic data and the Internet are covered by cyber liability policies. Learn what risks are typically covered.
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.
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.
Article that describes in detail the persons and entities that are included as insureds under a typical business auto policy
Frequently Asked Questions About Workers' Compensation Insurance
While most insurance agents are hard-working professionals, there are always a few bad apples. Here are 10 warning signs that your agent may be dishonest.
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.
Rates you pay for workers compensation coverage vary depending on the classifications assigned to your business. Learn the basics of the classification system.
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.
Building ordinances can significantly increase the cost of replacing a building. These increased costs aren't covered unless you have purchased building ordinance coverage.
Does your company use mobile equipment like a forklift, backhoe or cherry picker? If so, be sure to read this article.
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.
Online insurance quotes are available from many insurance companies. This is a listing of online insurance quote sites.
Definition of Additional Insured
Business interruption coverage can be explained by and example.
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.
An article for small business owners about errors and omissions liability coverage, including the key features of a typical policy.
Business Interruption Insurance is coverage that protects your business from the loss of income from a loss of business location
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.
You can lower your business insurance premiums. Here are some tips to lower your business insurance premiums.
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 commercial auto rating, and how liability and physical damage premiums are derived.
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.
Learn about the NCCI, a national organization that performs important services on behalf of insurers and state insurance bureaus.
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!
There are five main companies that provide ratings for insurers.
Here are some questions to ask before you rent an auto. The answers can help you avoid out-of-pocket expenses resulting from an accident with a rental vehicle.
The Insurance Services Office is an insurance research organization that provides various services to insurance companies. To learn more about ISO, read this article.
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Definition of Occurrence. Business Insurance.
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.
Business Insurance for a church to protect the congregation and the physical location of the church is similar to insurance for a business.
Business insurance such as workers' compensation insurance is mandated by the state. Premium discounts can be obtained by creating a drug-free workplace.
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.
Home businesses need business insurance to protect the business just like any other business. We discuss the most common types of business insurance needed.
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.
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.
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.
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.
Definition of Reinsurance. Business Insurance.
An article for small business owners listing ten questions their agent should ask them before their insurance policies are renewed each year.
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.
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.
Security in the workplace is vital to the safety of employees. In addition to security and disaster response planning, some insurers offer insurance products to help insure the business for the risk of loss associated with workplace violence.
While most states require vehicle owners to purchase liability coverage, many drivers are uninsured. Learn how to protect yourself by purchasing uninsured motorist coverage.
A blog about thesupervolcano at Yellowstone and the likelihood that the volvano will explode in the near future.
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.
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This is a Checklist of Documents and Information You Will Need to Purchase Business Insurance.
An article for small business owners about the parts of a typical insurance policy and how policies are usually organized.
State laws may restrict your insurer's right to non-renew your insurance coverage. Learn how these laws typically apply.
Choosing an Insurance Company for your Business Insurance.
An article for small business owners about the Individual Named Insured endorsement that is available to sole proprietors under a commercial auto policy.
Insuring non-owned autos under a commercial auto policy
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.
Business interruption insurance is notoriously difficult to purchase in the correct coverage amount. Under insuring will result in a penalty.
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.
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.
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.
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.
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Issues to consider before buying a commercial umbrella policy, including the limits, coverages, cost, variations and pitfalls.
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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.
A blog for small business owners about workers compensation fraud committed by employees, and how to tell that injuries may be fake.
A general liability policy contains both individual limits and aggregate limits. Learn how these apply when claims are filed against you.
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.
Good news! Weather experts are expecting a milder hurricane season in 2014 than normal. Find out why.
Lowering your business insurance premiums requires lowering your business risk. Theft and fraud risk can be lowered with a security and surveillance system.
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 for small business owners about computer fraud coverage, a type of commercial crime insurance that covers loss or damage to money, securities or other property when the loss has been perpetrated by the use of a computer.
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.
Fleet telematics involves the collection of data via GPS technology, computers and telecommunications. Learn how this technology can save you money.
An article for small business owners that explains the purpose and benefits of extra expense coverage.
A discussion of the omnibus clause found under the liability section of the standard commercial auto policy.
An article for small business owners about the types of electronic equipment that are covered under the physical damage section of a commercial auto policy.
Have you assumed liability under a contract for lawsuits by your injured workers against someone else? You may be covered under contractual liability coverage.
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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!
Do you have a written policy on the use of E-cigarettes in the workplace? If not, you should create one now.
A blog for small business owners about the development of a priavte insurance market for flood insurance.