News & Highlights
Business insurance becomes much easier to buy and review once you understand terms such as premium, deductible, policy limit, exclusion, endorsement, general liability, commercial property, BOP, business income, and professional liability. These words describe what you pay, which risks are insured, how much the insurer may pay, and which losses remain the responsibility of your [...]
Business insurance can protect a company from financial loss by transferring specified risks to an insurer. Depending on the policies purchased, coverage may help pay for property damage, liability lawsuits, lost income after a covered interruption, vehicle accidents, employee injuries, professional mistakes, and cyber incidents. Insurance does not eliminate business risk, but properly selected coverage [...]
Commercial auto insurance covers vehicles used for business and can protect a company against covered accident-related liability and vehicle damage. Depending on the policy, coverage may include liability, collision, comprehensive, uninsured or underinsured motorist protection, and options for hired or non-owned vehicles. Businesses that own, lease, rent, or regularly use vehicles for work should review [...]
A Business Owners Policy (BOP) is broader than standalone general liability insurance. A BOP typically combines general liability with commercial property and business interruption or business income coverage in one package. General liability mainly addresses third-party bodily injury, property damage, and certain personal or advertising injury claims. A small business that owns equipment, inventory, furniture, [...]
