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.
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >Businesses work
Endorsement - a business insurance definition
Liability policies may apply on either a claims-made or an occurrence basis. Learn how the two types differ.
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.
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.
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.
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.
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 certificate of liability insurance is used to verify the existence of liability coverage. This article explains the information it contains and the purpose it serves.
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.
Personal and advertising injury insurance covers certain intentional acts (called intentional torts) like libel and false arrest. Learn what types of acts are covered.
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.
Commercial auto policies utilize a set of numbers that determine the types of autos that are insured for each kind of coverage. Find out what these numbers mean.
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >Definition: The
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.
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.
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.
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.
Directors and officers insurance is business insurance designed to protect the company and its directors and officers from personal liability claims.
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.
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >Personal and advertising
A Business Insurance Plan should include a Liquor Liability Policy if you supply, manufacture, or serve alcohol to your customers.
There are many different types of business insurance. This is an overview of the types of insurance described as business insurance.
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.
What is subrogation and why is it important? Learn what this term means and why it appears in virtually all commercial insurance policies.
What is a loss payable clause, and how does it differ from a lender's loss payable clause? This article has the answer.
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.
Learn how to insure rental cars, called hired autos under a commercial auto policy, for liability and physical damage.
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.
Claims arising out of products you make or sell or work you have completed are covered by products-completed operations coverage. Here's what you need to know.
Business insurance policies cover four basic things: property, liability, people, and income.
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.
If your business uses a vehicle, you need commercial auto insurance, and you will want to ask your business insurance professional some important questions.
Definition of Exclusion. Business Insurance.
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.
Workers compensation premiums are based on a formula used throughout the industry. Understanding the formula helps you lower your business insurance premiums.
Employers Liability is covered via Part Two of the standard workers compensation policy. Learn how this coverage protects you against suits by injured workers.
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.
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.
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 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.
Many businesses sponsor social events in which liquor is served. Learn about host liquor liability coverage, which is designed to cover such events.
Discontinued Operations and Products Coverage is business insurance that covers the risk of loss after a business ceases operations.
Business insurance premiums are tax deductible as business expenses. This article discusses the basic deductions for business insurance premiums.
Do you know who qualifies an an insured under your business auto policy? This article explains in detail what persons and entities are covered.
Rates you pay for workers compensation coverage vary depending on the classifications assigned to your business. Learn the basics of the classification system.
Some claims-made policies provide an extended reporting period, which allows you to report claims after the policy has expired. Learn why this provision is important.
A Liability Insurance Policy covers your business in the event of a law suit alleging your company caused damage or loss by a mistake.
Casualty insurance differs from property insurance. Casualty insurance insures the business while property insurance insures the location.
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!
An article about the Alternate Employer Endorsement, and how it can protect small business owners from lawsuits arising from injuries to temporary workers.
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >Fred Ferguson
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >Does your company
Business insurance for a farm requires a good deal of forethought in order to purchase the proper insurance for the farm operations.
Business Interruption Insurance is coverage that protects your business from the loss of income from a loss of business location
Frequently Asked Questions About Workers' Compensation Insurance
Many liability policies provide unlimited coverage for defense and related court costs under a section called Supplementary Payments. Learn what costs are typically included.
There are five main companies that provide ratings for insurers.
Why utilize an independent insurance agent when you can buy insurance online? Here are five ways you will benefit by using an agent.
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.
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 vendor endorsement covers a vendor as an additional insured. It protects the vendor against claims arising from products the vendor did not make.
Learn about a general liability policy, which covers lawsuits by individuals who claim they sustained bodily injury or property damage due to your negligence.
Do you have a written policy on the use of E-cigarettes in the workplace? If not, you should create one now.
For many policyholders commercial auto rating is a mystery. Where do the rates come from? This article explains the rating process most insurers use.
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.
Your Business Insurance premiums are based on the risk involved in your business. Here is a list of the riskiest jobs.
Definition of coinsurance. Business Insurance.
class="no-js" itemscope itemtype="http://schema.org/Article"
An article for small business owners about the various functions that are performed by insurance company employees such as underwriters, adjusters and auditors.
You can lower your business insurance premiums. Here are some tips to lower your business insurance premiums.
An article for small business owners about contingent business income, also called contingent business interruption, coverage under a commercial property policy.
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >One of the most
What are the criteria for a business agreement to qualify as a legal contract? Find out by reading this simple explanation.
Property Insurance is insurance that insures your location and contents.
Do your employees travel overseas on business? If the answer if yes, you should consider purchasing foreign voluntary compensation coverage.
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.
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.
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >Definition: Many
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >"Key Man" insurance
Definition of Additional Insured
Definition of Occurrence. 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.
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.
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.
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.
The Insurance Services Office is an insurance research organization that provides various services to insurance companies. To learn more about ISO, read this article.
Does your company use mobile equipment like a forklift, backhoe or cherry picker? If so, be sure to read this article.
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.
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
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >The term insured
Voluntary Compensation coverage affords benefits to workers who aren't subject to state workers compensation laws. This coverage can help protect you from lawsuits.
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >Concurrent causation
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.
For the small business, the businessowners policy is the most effective and affordable business insurance option.
Building ordinances can significantly increase the cost of replacing a building. These increased costs aren't covered unless you have purchased building ordinance coverage.
Online insurance quotes are available from many insurance companies. This is a listing of online insurance quote sites.
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!
A blog about thesupervolcano at Yellowstone and the likelihood that the volvano will explode in the near future.
Definition of Adjuster. Business Insurance.
Business Insurance for a church to protect the congregation and the physical location of the church is similar to insurance for a business.
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.
Autos your company uses but does not own can generate lawsuits against your firm. Learn how to insure non-owned autos under a commercial auto policy.
An article for small business owners about errors and omissions liability coverage, including the key features of a typical policy.
Home businesses need business insurance to protect the business just like any other business. We discuss the most common types of business insurance needed.
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 Reinsurance. Business Insurance.
If you have purchased a workers compensation policy be sure it includes Other States coverage. Learn why this coverage is important.
While most states require vehicle owners to purchase liability coverage, many drivers are uninsured. Learn how to protect yourself by purchasing uninsured motorist coverage.
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?
High Deductible Health Plans and a Health Savings Account can be a good way for newer small businesses to provide coverage to their employees.
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.
This is an introduction to 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.
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.
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.
Sinkholes can occur virtually anywhere and can be natural or man-made. Learn whether sink-hole damage is covered under a typical property policy.
Issues to consider before buying a commercial umbrella policy, including the limits, coverages, cost, variations and pitfalls.
Insurance agents and brokers can seek accreditation based on their experience and training.
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.
Business interruption insurance is notoriously difficult to purchase in the correct coverage amount. Under insuring will result in a penalty.
Business insurance is a significant cost of doing business. Planning your small business insurance plan requires budgeting for 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.
Many property policies provide limited coverage for damage to property caused by fungus (mold). Learn what's covered (and excluded) under a typical policy.
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.
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.
Choosing an Insurance Company for your Business Insurance.
Here are ten questions your insurance agent or broker should ask you before your current policies expire.
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >Definition: The
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >Definition: Property
Learn about the cancellation condition, a clause found in most insurance policies. It explains the circumstances under which the insurer may cancel the 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
A blog for small business owners about landslides, including the Oso landslide, and the factors that make them more likely to occur.
Many commercial property policies contain a coinsurance clause, which may reduce the amount you receive following a loss. Learn how to ensure that your losses are paid in full.
Flooding and water damage is not covered under most commercial property policies. Your Business Insurance plan may need flood insurance.
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.
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.
Learn about the NCCI, a national organization that performs important services on behalf of insurers and state insurance bureaus.
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.
Definition of a Business Owner's Policy
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >The vast majority
A blog for small business owners about workers compensation fraud committed by employees, and how to tell that injuries may be fake.