"Not So Risky" Business Insurance Tips

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Entrepreneurs and business owners everywhere have questions about business insurance—and to answer queries about everything from business interruption to product liability and beyond, the Insurance Information…

Introduction to Home-Based Business Insurance 

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Home-based businesses – those exclusively run from a home and no other location – comprise roughly half of all U.S. businesses and generate a huge amount of economic activity, according to the Small Business…

Do I need a commercial auto insurance policy?

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As a businessowner, you need the same kinds of insurance coverages for the car you use in your business as you do for a car used for personal travel -- liability, collision and comprehensive, medical payments (known as personal…

Arson Costs Everyone

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Anti-arson efforts represent one of the earliest organized activities of the insurance industry in America. The National Board of Fire Underwriters, one of the oldest business organizations in the country, was formed in…

Insurance Needs of Construction Contractors

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Your small construction business needs several of the same insurance coverages as any other business, as well as other types of insurance specific to your industry. If possible, use an insurance agent who has experience…

PROPERTY INSURANCE

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Property insurance compensates a business if the property used in the business is lost or damaged as the result of various types of common perils, such as fire or theft. Property insurance covers not just a building or…

LIABILITY INSURANCE

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Any enterprise can be sued. Customers may claim that the business caused them harm as the result of, for example, a defective product, an error in a service or disregard for another person’s property. Or a claimant…

WORKERS COMPENSATION INSURANCE

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In all states but Texas an employer must have workers compensation insurance when there are more than a certain number of employees, varying from three to five, depending on the state. Workers comp insurance, as this coverage…

ERRORS AND OMISSIONS INSURANCE/PROFESSIONAL LIABILITY

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Some businesses involve services such as giving advice, making recommendations, designing things, providing physical care or representing the needs of others, which can lead to being sued by customers, clients or patients…

EMPLOYMENT PRACTICES LIABILITY INSURANCE

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Employment practices liability insurance covers (up to the policy limits) damages for which an employer is legally liable such as violating an employee’s civil or other legal rights. In addition to paying a judgment…

DIRECTORS AND OFFICERS LIABILITY INSURANCE

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Directors and officers liability insurance protects directors and officers of corporations or not-for-profit organizations if there is a lawsuit claiming they managed the business or organization without proper regard for…

KEY EMPLOYEE INSURANCE

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Life or disability income insurance can compensate a business when certain key employees die or become disabled. These coverages cushion some of the adverse financial impact that results from losing a key employee’s…