Business Insurance
Understanding Small Business Insurance
Small Business Insurance comes with many faces. Be sure you look at all the different aspects of insurance and see which suits yours and your business’s needs. The options vary from General Commercial Liability to Key Person to Cyber insurance, and many additional options in between. A qualified insurance agent or broker can help lead you in the right direction. Cover yourself and your business now and spend the rest of your time making your business a success.
- Small Business General Liability Insurance - Small businesses have to be protected against the legal and financial consequences of accidents.
- Small Business Auto Insurance - Commercial auto coverage provides important financial protection and is required under the laws of most states.
- Property Insurance for Small Businesses - Effective property insurance is a cornerstone of an effective small business risk management strategy.
- Package Insurance for Small Business Owners - Combining property, liability and specialized protection in a package can provide convenience and savings.
- Business Insurance for Startups – A quick primer on the essential coverages a business startup needs to protect itself.
- Workers’ Comp for Small Business - Workers’ comp coverage protects employees against accident and injuries while also protecting employers from accident-related litigation.
- Employer’s Liability Insurance – Part 2 of Worker’s comp coverage—protecting employers against liability claims from employees, family members, and third parties.
- Independent Contractor’s Insurance - If you operate as an independent contractor, it’s essential to protect yourself financially regardless of your line of work.
- Key Person Insurance - Key person coverage protects small businesses against the implications of a critical employee dying or becoming disabled.
- Shopping for Small Business Insurance - Buying insurance may seem complicated, but the right professional can help you arrange critical protection for your company and its assets.
Specialty Coverages
General business insurance policies don’t cover all a business’s risk exposures. Depending on the industry and type of business, you may need to work with a business insurance broker to obtain certain specialty coverages.
- Specialty Liability Insurance – Depending on the type of business, its structure, and products or services offered, it may not protect fully against certain types of liability claims.
- Business Interruption Insurance – If you business is unable to operate due to a disaster, a loss of revenue could cripple it.
- Flood Insurance – If your business is in a flood-risk area, you need flood insurance.
- Protecting Your Intellectual Capital – The value of your business is at risk if you lose or damage your intellectual capital. Learn how to protect it.
- Small Business Environmental Insurance - The need for environmental coverage isn’t always apparent, but the insurance can protect small businesses in a variety of industries.
- Protecting Your Small Business with Cyber Insurance - Cyber insurance is worth looking into, regardless of the size of your business or the type of information your store.
Business Owner Financial Protection
All the business insurance in the world can’t protect you entirely from personal risk exposures. Business owners need to protect their assets, income, and families against liability claims and the loss of income or the business due to a disability or premature death.
- Asset Protection – Business liability insurance can protect your business assets but your personal assets may still be exposed. Learn how to protect them.
- Business Continuation – If your business is unable to continue after your or a partner’s death, the surviving families can suffer financially.
- Business Owner Disability Income Insurance – Business owners must protect their most important asset—their ability to earn an income.
- Business Owner Overhead Expense Insurance – If you’re disabled, where is the money going to come from to keep your business open?
- Business Owner Personal Umbrella Liability Coverage – When building a successful business, business owners can accumulate substantial personal assets that are often unprotected against liabilities. For a few hundred dollars a year, a personal umbrella liability policy will cover you.
Small Business Risk Management
Risk Management covers a lot of territory in a small business. From accident prevention and reducing ergonomic problems, to fire safety and disaster recovery, along with employee fraud risks and avoiding violence in the workplace, just to name a few. Being prepared for the possibility that you may be faced with one, or several, of these matters can save you an extraordinary amount of time, money and frustration down the road. A little research and preparation can save you and your business from disaster.
- Risk Management for Small Business - Effective risk management helps companies identify and prevent potential losses.
- Preventing Accidents in Your Small Business - Workplace accidents can cause large financial, personnel and productivity losses for small businesses.
- Preventing Violence in Your Small Business - Every business hopes it’s not affected by workplace violence, but it’s important for business owners to develop prevention and response plans.
- Small Business Fire Safety - An effective fire prevention strategy blends safe materials handling, workplace design and safety equipment.
- Disaster Recovery for Small Businesses - As disaster risk rises, small businesses are adjusting disaster recovery plans to highlight the importance of mobility and cloud computing.
- Preventing Tech-Related Ergonomics Problems - As mobile devices play a larger role in how we work, companies have to adjust their ergonomics practices.
- Reducing Employee Fraud Risks – Employee fraud costs small businesses billions of dollars each year. Learn how to prevent it.
- Preventing Cyber Fraud – Cyber fraud is on the rise, and it could cripple your business if you don’t take these critical steps to prevent it.
- Preventing Wire Fraud – Wire transfers are convenient, but they can expose your business to fraud. Here’s how to stop it.
- Protecting Your Business and Your Customers from Identity Theft – If your business is victimized by identity theft it not only could cost you money, but also your customers.