POSTS TAGGED : business insurance

In the Event of Disaster: 8 Types of Business Insurance to Consider as a Small Business Owner

Business owners should never try to save money when they’re purchasing business insurance. Many situations, including accidents and non-functioning equipment, can spell disaster for a small business owner. If they don’t have the necessary insurance, they can easily lose the business.

Small business insurance protection

Read the information below to learn about eight types of insurance that business owners should seriously consider.

1. General Liability Insurance

Business owners who purchase general liability insurance stay protected from lawsuits that pertain to bodily injury if someone sustains injuries while on the premises. Property damage coverage goes into effect if someone claims a business owner damaged or destroyed their property.…

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5 Ways to Avoid a Personal Injury Claim

When you launch a business, general liability insurance might seem an unnecessary expense. But you may soon discover it’s an essential component for every business.

Preventing workplace injury

It protects you against risks you didn’t know you would face when you started. For example, if someone gets injured on your property, he or she has a legal right to pursue compensation through a personal injury claim.

Your liability insurance will help to protect you against such claims, but you surely don’t need the hassle of a lawsuit or record of an injury to someone on your conscience. Take the following proactive steps toward prevention of personal injury incidents on your property.…

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Insure The Future Of Your Small Business

Owning your own business comes along with a whole slew of responsibilities. One of the most important responsibilities of being a business owner is planning and investing in your future. Taking the necessary precautions to insure every angle of your organization is wise.

Business insurance types

Unfortunately, there is no umbrella insurance policy set up to cover every possible malfunction of business. In fact, there are more than ten different types of business insurance. Here is a brief breakdown of a few of the most vital types of insurance you’ll need to protect your business.

Workers’ Compensation

Workers’ compensation insurance is required by law for most business owners.…

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Types Of Insurance You Need To Protect Your Business

As a small business owner, limiting risk and ensuring business continuity should be your main priority. One of the major reasons a business will collapse is a result of bankruptcy, and threat of legal action can be a major cause of this.

Business insurance protection

In order to minimise the risk of bankruptcy in regards to this avenue, you should ensure that your business is protected at all times. Opting for a number of different types of insurance as soon as you start your business should be a top consideration.

Here, we’re taking a look at the types of insurance you should have in order to protect your business.…

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Why Home-Based Businesses Need More Than Homeowners Insurance

A potential client comes to your house to take a look at your portfolio. Being the gracious host that you are, you offer a beverage. A martini? Sure. Extra dry? Fine. Have you got olives? Of course you do. Client is thoroughly blown away by your superior mixology skills. Just as you’re about to cross the t’s and dot the i’s, said client trips over your laptop cord.

Home business insurance

No big deal, it happened at home and you’ve got that top-notch homeowners insurance just in case of such wildly unlikely incidents, right? Incorrect!

Your homeowners or renters insurance almost certainly does not cover bodily injuries that occur in your home while conducting business.…

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Policy Protection – Which Types of Business Insurance Are Right For Your SME?

Starting a business exposes you to certain risks. Fortunately, however, all businesses have access to a wide range of insurance types, to protect them from the dangers that could wipe out a small business before it has had a chance to take off. An experienced Business Insurance Broker, can assist you in reducing your exposure to risk, and find an insurance program that is aligned to your specific needs and objectives.

business insurance

There is no one-size-fits-all insurance solution for small businesses. Your insurance needs will vary according to the industry and type of business you are operating.

Here are the types of business insurance that every small to medium business owner should have.…

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4 Ways to Protect Your Business from Product Liability Claims

No product is truly safe from risks, but it’s your responsibility to strive for that goal whenever you design and manufacture your products. Liability insurance is one way to protect your business against claims, but there are other steps you can take to lower your risk.

Liability insurance

1. Test Products Thoroughly

Products go through an exhaustive amount of testing before they launch, but testing shouldn’t stop once these products hit the shelf. Consistent and continued testing can help you pinpoint potential defects on the design or manufacturing of your product.

Without continued testing, you may miss a potential defect or design flaw that can lead to negligence claims.…

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Commercial Auto Insurance: What Business Owners Need to Know Before an Accident Happens

If you run a business that has even just one vehicle, then you should look into getting commercial auto insurance. This will help you avoid large payments when an accident occurs and can give you peace of mind every time the vehicle is on the road.

Classic company van

Chances are that you were already required to purchase coverage for bodily harm and property damage when you purchased the vehicle for your business, but policies like that do not cover damage to the vehicle itself. This can leave you high and dry after an accident in the company van, car or truck, even if it wasn’t your employee’s fault.…

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5 Things That Aren’t Covered Under General Liability Insurance

As a responsible business owner, you’ve taken the steps to protect your business through general liability insurance. What you may not know is that your policy doesn’t protect you completely from liability.

General liability insurance

General liability only provides protection against third-party lawsuits.

If you don’t purchase additional insurance, you may be leaving your business vulnerable to lawsuits.

Here are five key things that your general liability insurance policy won’t cover.

1. Professional Snafus

Mistakes happen in the business world, even when you try your hardest to cover all of your bases. Unfortunately, your general liability policy doesn’t cover these mistakes, which can leave your business vulnerable to lawsuits.…

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4 Business Insurance Tips Agents Don’t Want you to Know

There are many different types of insurance policies available to small and medium-size business owners. There’s so much to consider, much of it being industry dependent, and also depending on what risks you, your employees, and customers undertake while doing business together.

Of course, if you’ve done any research to this point, you’re probably interested in seeing if you qualify for a comprehensive Business Owner’s Policy (BOP), which is great if you qualify and in fact need all that a BOP policy can cover. However, a BOP only scratches the surface of what most businesses need in terms of coverage.

Business insurance agent

So, how to get the best insurance coverage for your business, given the facts that your insurance agents may know something that you don’t know – and might use that knowledge to take advantage of you?…

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