Business Insurance

One of the reasons why some professionals especially those that are in high demand pick up jobs from companies is the type of insurance policy covers that employees benefit from the company. Insurance basically is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the…

First and foremost, it can be very hard to pinpoint the type of businesses that fall prey to fake business insurance because insurance fraud are diverse, and tend to occur in almost every business industry, as long proper care and due diligence are not taken. Insurance fraud more or less happens when an insurance company,…

In a nutshell, liability insurance serves as a type of protection for your small business so that rather than focusing on what could happen, you can focus on helping your business grow and thrive. In the United States, small businesses are faced with so many risks that liability insurance helps protect against. So to meet…

According to Investopedia, interruption insurance is insurance coverage that replaces business income lost in a disaster. This insurance covers lost income and operating expenses when a disaster forces a business to slow operations or temporarily close down. Covered events tend to include vandalism, fire, and some natural disasters. However, Business interruption insurance cannot be purchased…

Do you need insurance cover as a business traveler? If YES, here are 7 best travel insurance policies for business travellers and how much they cost. Business travel insurance is designed for people who travel internationally for business purposes. Being frequently on the road or air is not easy, and it comes with its own…

If you are business owner or you have a company that offers a professional service, you should have come across the term Error and Omission insurance (E &O). But in case you haven’t heard of it, an Error and Omission insurance is an insurance type that protects business owners against claims by clients or customers…

Virtually all business owners understand the importance of purchasing insurance for their business. But most of them feel completely at loss when it comes to making the right choice from the long list of different types of insurance policies. And because they don’t have the time to educate themselves about the various options, they usually…

Most of the time, bonding gets confused with insurance. But the truth is, they do not mean the same thing, although they might serve similar purposes. Whereas insurance protects you and your business against losses and damages suffered from unfortunate and unpredictable experiences, bonding is designed to protect your customers. Let’s assume that a company…

Workers’ compensation insurance is the oldest form of insurance in most developed countries. It was developed to provide coverage for business owners because in the past, workers had to sue their employers to get compensated whenever they sustained injuries or fell ill as a direct result of their jobs. The world is generally a risky…

Insurance is definitely not on the list of a small business owner’s favorite things. As a small business owner, you would most likely be more concerned about making things work and trying not to overburden your business with expenses but insurance is something you really cannot do without. I often love to compare running your…

What legal documents do insurance companies ask for when applying for small business insurance policies? You see, our businesses are prone to uncertainties and risks; and it is our duty to manage these risks. When you protect your business from risks, you are not only doing it for yourself or for your business; you do…

If you are a small business owner, you need to protect your business with insurance—even if your business is home-based. This will provide coverage for your business against various risks such as debt, accident, equipment damage, burglary, theft, lawsuits, and so on. Many business owners pay huge sums of money every year in premiums for…

When you are starting or running your own business, aside your skills, you need to be very optimistic about the success of the business. Even if your business faces harsh market challenges, your optimism and enthusiasm may just be enough to help you pull through. That’s the power of having a positive mindset as a…

As a smart business owner, one of your major goals is to strive hard to reduce the costs of running your business so that you can increase your profits. Getting insurance coverage for your company is one of the smartest business decisions that you can make but the challenge is in paying insurance premiums. Insurance…

Why are business insurance claims rejected? Many small business owners cry foul when insurance companies deny their claims. They think these companies are being unfair to them and only want to eat up their money. While insurance companies can make mistakes sometimes and could make wrong denials, they have good reasons for most of their…