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.
This article explains how insurance agents differ from insurance brokers, and how both earn income through commissions on the premiums you pay to your insurers.
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.
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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 can provide coverage for damages caused by an advertising injury. Here we discuss advertising injury coverage and business insurance coverage for such risk.
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.
Section 125 Plans allow an employer to offer benefits to their employees while saving health care premiums, taxes and workers' compensation premiums.
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.
Workers compensation premiums are based on a formula used throughout the industry. Understanding the formula helps you lower your business insurance premiums.
An article on certificates of liability insurance, including their purpose, the information they contain, and problems they can create for small business owners.
Directors and officers insurance is business insurance designed to protect the company and its directors and officers from personal liability claims.
A Business Insurance Plan should include a Liquor Liability Policy if you supply, manufacture, or serve alcohol to your customers.
An article for small business owners on what is and isn't covered under personal and advertising injury coverage, which is also known as Coverage B, under a general liability policy.
Business insurance premiums are tax deductible as business expenses. This article discusses the basic deductions for business insurance 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.
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?
A discussion for small business owners of contractual liability, which is covered under the standard ISO general liability policy.
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 that explains what types of pollution losses are covered, and which are excluded, under a typical commercial property policy.
Business Insurance Policies cover four basic things: property, liability, people, and income.
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.
Why small business owners might need employee benefits liability coverage to protect against claims resulting from errors in benefits administration.
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.
Workers' Compensation Insurance is mandated by state law and should be considered first in a business insurance plan.
Your business needs commercial auto coverage if it uses any titled vehicles in its business.
An article for small business owners about waivers of subrogation under general liability, commercial auto and workers compensation policies.
A discussion of products-completed operations coverage and why small businesses need this coverage to protect themselves against claims and suits.
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.
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 Liability Insurance Policy covers your business in the event of a law suit alleging your company caused damage or loss by a mistake.
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.
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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An article for small business owners that explains the differences between a claims-made policy and an occurrence policy.
The scope of coverage provided by the ISO CGL for liquor-related activities as a result of the liquor liability exclusion
An article for small business owners about hired autos and how to insured them under a commercial auto policy for liability and physical damage
Definition of Exclusion. Business Insurance.
Property Insurance is insurance that insures your location and contents.
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.
A discussion of the coverage afforded for suits by injured workers under employers liability coverage, Part Two under the standard workers compensation policy.
Home businesses need business insurance to protect the business just like any other business. Her we discuss the most common types of business insurance need by the home business.
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A discussion of additional insured endorsements, including their purpose, the coverage they provide and restrictions they may contain.
Discontinued Operations and Products Coverage is business insurance that covers the risk of loss after a business ceases operations.
A discussion of Coverage A, Bodily Injury and Property Damage Liability, under the ISO Commercial General Liability Coverage form
Business Insurance for a church to protect the congregation and the physical location of the church is similar to insurance for a business.
Article that describes in detail the persons and entities that are included as insureds under a typical business auto policy
Business Interruption Insurance is coverage that protects your business from the loss of income from a loss of business location
For small business owners, a list of ten signs that an insurance agent or broker may be dishonest.
An article to help small business owners understand experience rating under a workers compensation policy.
Casualty insurance differs from property insurance. Casualty insurance insures the business while property insurance insures the location.
Frequently Asked Questions About Workers' Compensation 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.
Properly insuring mobile equipment for liability under a commercial liability and/or a commercial auto policy.
An explanation for small business owners about coverage afforded under a standard workers compensation policy.
Definition of Additional Insured
An article about the Alternate Employer Endorsement, and how it can protect small business owners from lawsuits arising from injuries to temporary workers.
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 article for small business owners about errors and omissions liability coverage, including the key features of a typical policy.
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.
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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 employee theft coverage, which is typically included as part of a commercial crime 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.
You can lower your business insurance premiums. Here are some tips to lower your business insurance premiums.
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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.
Definition of Reinsurance. Business Insurance.
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 interruption coverage can be explained by and example.
An overview of the coverage afforded by uninsured and underinsured motorist endorsements, and what small business owners should consider before purchasing these coverages.
An article for small business owners about commercial auto rating, and how liability and physical damage premiums are derived.
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.
Business insurance for a farm requires a good deal of forethought in order to purchase the proper insurance for the farm operations.
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Business insurance such as workers' compensation insurance is mandated by the state. Premium discounts can be obtained by creating a drug-free workplace.
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 interruption insurance is notoriously difficult to purchase in the correct coverage amount. Under insuring will result in a penalty.
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 that explains how the various individual and aggregate limits apply under a general liability policy.
An article for small business owners about facultative and treaty reinsurance, and how each protects insurers against losses.
A discussion of the vendors endorsement, which protects small businesses against product liability claims when the businesses sell products made by other companies
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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?
An article for small business owners about the reasons a business might need to obtain insurance 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.
Choosing an Insurance Company for your Business Insurance.
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.
A discussion of the building ordinance exclusion in commercial property policies and why it is important to purchase building ordinance coverage.
An article for small business owners that described the individual sections found in a typical commercial property policy.
An article for small business owners regarding the regulation, licensing, and obligations of insurance agents and brokers.
Definition of Occurrence. Business Insurance.
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.
An article for small business owners about the coverages that are provided by a cyber liability policy.
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There are five main companies that provide ratings for insurers.
Definition of coinsurance. Business Insurance.
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An article for small business owners about the coverage afforded under the standard liability policy for liability assumed under a contract for injuries to employees.
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.
Online insurance quotes are available from many insurance companies. This is a listing of online insurance quote sites.
An article for small business owners about the circumstances under which insurers may cancel or non-renew a commercial insurance policy.
Business insurance is a significant cost of doing business. Planning your small business insurance plan requires budgeting for insurance.
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.
The meaning of bodily injury, as this term is used in commercial liability policies.
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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.
This is a Checklist of Documents and Information You Will Need to Purchase Business Insurance.
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.
For the small business, the businessowners policy is the most effective and affordable business insurance option.
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.
This is an introduction to business insurance.
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.
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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.
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.
Many insurers offer online insurance quotes for personal insurance products. Business insurance quotes may also be offered online, but is business insurance a proper product to purchase online for your small business? Here we look at how to use insurance quotes to purchase business insurance.
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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.
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.
Some businesses require specialized 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.
Many insurers offer free claims applications for the iPhone, Blackberry, Palm, and other mobile devices to assist their insureds in recording and documenting claims information. Here is a quick list of some free applications.
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.
Home offices can be protected against risk by proper business insurance coverage. This article discusses what insurance is available for the home office.
A discussion of the omnibus clause found under the liability section of the standard commercial auto policy.
Insuring non-owned autos under a commercial auto policy
An article for small business owners that explains the different between a Loss Payable clause and a Lenders Loss Payable clause under a commercial property policy.
A discussion for small business owners of the types of agreements that qualify as a legal contract.
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 about the Individual Named Insured endorsement that is available to sole proprietors under a commercial auto 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.
A discussion of the functions performed by the NCCI, a national insurance organization that provides rating, statistical and other services to state insurance bureaus.
An article for small business owners about the Longshore and Harbor Workers Compensation Act, a federal law that applies to land-based maritime workers.
The types of autos that are included in the definition of Hired Auto, which is a term found in commercial auto policies.
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 insurance for a farm requires a good deal of forethought in order to purchase the proper insurance for the farm operations. Page 2.
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.
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.
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.
The threat of storm damage for coastal businesses is always present. Businesses may be able to take advantage of state sponsored business insurance to protect against the risk of storm damage.
An article for small business owners that describes Medical Payments Coverage, which is included in the standard ISO general liability policy.
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.
An article for small business owners about the parts of a typical insurance policy and how policies are usually organized.
Insurance agents and brokers can seek accreditation based on their experience and training.