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.
Liability policies may apply on either a claims-made or an occurrence basis. Learn how the two types differ.
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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.
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.
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.
Personal and advertising injury insurance covers certain intentional acts (called intentional torts) like libel and false arrest. Learn what types of acts are covered.
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.
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.
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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.
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.
Directors and officers insurance is business insurance designed to protect the company and its directors and officers from personal liability claims.
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.
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 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.
There are many different types of business insurance. This is an overview of the types of insurance described as business insurance.
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.
A Business Insurance Plan should include a Liquor Liability Policy if you supply, manufacture, or serve alcohol to your customers.
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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Workers' Compensation Insurance is mandated by state law and should be considered first in a business insurance plan.
What is a loss payable clause, and how does it differ from a lender's loss payable clause? This article has the answer.
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 policies cover four basic things: property, liability, people, and income.
Workers compensation premiums are based on a formula used throughout the industry. Understanding the formula helps you lower your 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.
Property Insurance is insurance that insures your location and contents.
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.
Do you have a written policy on the use of E-cigarettes in the workplace? If not, you should create one now.
Your business needs commercial auto coverage if it uses any titled vehicles in its business.
Employers Liability is covered via Part Two of the standard workers compensation policy. Learn how this coverage protects you against suits by injured workers.
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.
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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.
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.
Learn about a general liability policy, which covers lawsuits by individuals who claim they sustained bodily injury or property damage due to your negligence.
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.
Business insurance premiums are tax deductible as business expenses. This article discusses the basic deductions for business insurance premiums.
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 how to insure rental cars, called hired autos under a commercial auto policy, for liability and physical damage.
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Rates you pay for workers compensation coverage vary depending on the classifications assigned to your business. Learn the basics of the classification system.
Frequently Asked Questions About Workers' Compensation Insurance
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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
Many businesses sponsor social events in which liquor is served. Learn about host liquor liability coverage, which is designed to cover such events.
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.
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.
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Does your company use mobile equipment like a forklift, backhoe or cherry picker? If so, be sure to read this article.
An article for small business owners about the various functions that are performed by insurance company employees such as underwriters, adjusters and auditors.
Do you know who qualifies an an insured under your business auto policy? This article explains in detail what persons and entities are covered.
Definition of Occurrence. Business 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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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.
Why utilize an independent insurance agent when you can buy insurance online? Here are five ways you will benefit by using an agent.
For many policyholders commercial auto rating is a mystery. Where do the rates come from? This article explains the rating process most insurers use.
Your Business Insurance premiums are based on the risk involved in your business. Here is a list of the riskiest jobs.
Online insurance quotes are available from many insurance companies. This is a listing of online insurance quote sites.
You can lower your business insurance premiums. Here are some tips to lower your business insurance premiums.
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.
Discontinued Operations and Products Coverage is business insurance that covers the risk of loss after a business ceases operations.
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.
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The Insurance Services Office is an insurance research organization that provides various services to insurance companies. To learn more about ISO, read this article.
Definition of Additional Insured
Casualty insurance differs from property insurance. Casualty insurance insures the business while property insurance insures the location.
A vendor endorsement covers a vendor as an additional insured. It protects the vendor against claims arising from products the vendor did not make.
Many liability policies provide unlimited coverage for defense and related court costs under a section called Supplementary Payments. Learn what costs are typically included.
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.
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!
Many property policies provide limited coverage for damage to property caused by fungus (mold). Learn what's covered (and excluded) under a typical policy.
Building ordinances can significantly increase the cost of replacing a building. These increased costs aren't covered unless you have purchased building ordinance coverage.
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Voluntary Compensation coverage affords benefits to workers who aren't subject to state workers compensation laws. This coverage can help protect you from lawsuits.
An article for small business owners about copyright infringement, and the importance of adhering to copyright laws when sharing content on the Internet.
Business insurance such as workers' compensation insurance is mandated by the state. Premium discounts can be obtained by creating a drug-free workplace.
While most states require vehicle owners to purchase liability coverage, many drivers are uninsured. Learn how to protect yourself by purchasing uninsured motorist coverage.
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.
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.
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 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.
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.
What are the criteria for a business agreement to qualify as a legal contract? Find out by reading this simple explanation.
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.
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.
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Home businesses need business insurance to protect the business just like any other business. We discuss the most common types of business insurance needed.
If a pollution-related lawsuit is filed against your company, will the suit be covered under your general liability policy? Read this simple explanation of a typical pollution exclusion.
Do your employees travel overseas on business? If the answer if yes, you should consider purchasing foreign voluntary compensation coverage.
Business Interruption Insurance is coverage that protects your business from the loss of income from a loss of business location
For the small business, the businessowners policy is the most effective and affordable business insurance option.
Issues to consider before buying a commercial umbrella policy, including the limits, coverages, cost, variations and pitfalls.
There are five main companies that provide ratings for insurers.
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.
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.
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.
Could you or your company be held liable for an injury caused by someone else's negligence? The answer is yes! Learn about vicarious liability.
Medical Payments Coverage is often overlooked but it is a valuable addition to your liability policy. Find out how it can help you avoid lawsuits.
High Deductible Health Plans and a Health Savings Account can be a good way for newer small businesses to provide coverage to their employees.
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.
Anti-indemnity statutes are state laws that prohibit certain types of agreements found in construction contracts. If you are a contractor, read this article!
Sinkholes can occur virtually anywhere and can be natural or man-made. Learn whether sink-hole damage is covered under a typical property policy.
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.
Here are ten questions your insurance agent or broker should ask you before your current policies expire.
Definition of Reinsurance. Business Insurance.
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.
Business insurance for a farm requires a good deal of forethought in order to purchase the proper insurance for the farm operations.
Home offices can be protected against risk by proper business insurance coverage. This article discusses what insurance is available for the home office.
An Insurance Policy is a contract and each side has specific obligations.
Business interruption coverage can be explained by and example.
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.
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.
Business interruption insurance is notoriously difficult to purchase in the correct coverage amount. Under insuring will result in a penalty.
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?
If you have purchased a workers compensation policy be sure it includes Other States coverage. Learn why this coverage is important.
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.
Beware of these 10 hazards if you operate a business in a cold climate!
Learn about the cancellation condition, a clause found in most insurance policies. It explains the circumstances under which the insurer may cancel the policy.
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.
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.
Business Insurance for a church to protect the congregation and the physical location of the church is similar to insurance for a business.
Business insurers offer information online. Insurers offer quotes on your business insurance. The insurers also direct your business to agents, brokers, and insurance professionals in your area. Here I list some of the largest insurers' web sites for business insurance. These are direct links to the business insurance sections of some of the largest U.S. Insurers.
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.
An article about the diminution in value exclusion in commercial auto policies and its affect on small businesses that own or rent autos.
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.
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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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.
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.
Insurance agents and brokers can seek accreditation based on their experience and training.
Choosing an Insurance Company for your Business Insurance.