POSTS TAGGED : business insurance

7 Essential Types of Insurance for Every Small Business Owner

As a business owner, you might be wondering what kind of insurance policy you should get. Here are the 7 essential types of insurance for every small business owner:

Business insurance

1. General Liability Insurance

This insurance is a necessity for all businesses—whether big or small, home based or mainstream. It can protect you and your small business from a variety of claims such as bodily injury, property damage, and any other problems that you, your employees, or your products or services have caused or are alleged to have caused.

2. Commercial Auto Insurance

This kind of insurance covers vehicles owned by your company and anything inside it—your employees, products, or equipment.…

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What You Don’t Know About Commercial Insurance Might Cost You

Commercial insurance is a cost that is an inevitable part of running a small business. Many business owners look at it as a type of tax that is just part of being in business. Many of these same business owners think negotiating for a lower premium is not worth their time because the coverages are all very similar. This could not be farther from the truth.

Commercial insurance

There are several things related to your commercial insurance policies that can drastically affect what your business pays for premium. Here are 5 factors that can help your business save when purchasing commercial insurance.

Know the difference between General and Professional Liability

General Liability Insurance is the most basic type of liability coverage any business can secure to protect their business.…

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Reminder: Make Sure That You’ve Got the Right Insurance

When you’re the owner of a small business, often there’s so much going on that important things can get overlooked. One of the most essential things to get right is to make sure you have the right insurance on all of your vehicles and to check your employees are insured correctly.

Business auto insurance

From business insurance policies to needing different driving licenses it can all get a little complicated. Not only in understanding policies, choosing the insurances that offer the best value for your business is a headache. But fear not, we’ve got your back; here’s our guide to make sure that all your vehicles are insured correctly:

Work-related insurance

If you have employees at your workplace who are going to be making journeys on behalf of the company, it’s important to make sure they take out work-related insurance on their own policy.…

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5 Things Every Small Business Owner Should Know About Health Insurance

The modern health insurance market has faced countless changes in recent years. While some people found themselves with great coverage, other people found themselves steeped in insurance coverage nightmares. Small business owners found themselves increasingly confused over whether they needed to provide coverage or not and how to manage the financial nightmare.

Choices of business insurance

Included here are a few things every small business owner should know about health insurance.

Employee Count

New laws implemented under the Affordable Care Act (ACA) dictated that companies with 50 or more employees be providing health insurance. Unfortunately, 96% of businesses in the country have fewer than 50 employees, so what are they supposed to do?…

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5 Kinds of Insurance Every Business Needs

You already have at least one kind of insurance. You probably have auto insurance to protect your car and cover your liability if you get into an accident.

You might have home insurance to protect your real estate. You might even have life or other types of insurance to protect yourself financially. All forms of insurance share something in common: They protect your investment and ensure you aren’t ruined in the event of an unexpected twist of fortune.

Business insurance protection

Protect Your Business

It’s not hard to anticipate an “unexpected turn” like a house fire or an auto accident, but for some reason, many entrepreneurs fail to plan for the bad things that can happen in business, as well.…

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Top 5 Reasons to Invest in Key Person Insurance

Imagine you’ve just started out as a new company. You’ve gone in with a friend who is now your partner, you’ve signed up documents and you’re ready to go. A few weeks in, things are going well. You’re organising sales, you’re hiring new people to keep up with the demand and increase for your services, you’re working closely with your partner and you’re pushed to your limits, making sure that you’re maximising revenue for minimum cost.

You’re probably spending all of your time working out how to make your company as profitable as possible, and so is your partner. Have you thought about insurance?…

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Understanding Business Insurance as a Fluid Concept: 3 Products to Keep in Mind

Recently, it was announced that the majority of insurance price comparison sites were failing in their attempts to meet the needs of both commercial and residential users. More specifically, the report conducted by the Financial Conduct Authority (FCA) found that these sites are more likely to confuse and disorientate users rather than helping them to choose viable insurers and policies. This is a particularly concerning state of affairs from British business owners, who must often consider a number of insurance needs simultaneously if they are to adequately protect their venture.

Business insurance coverage

3 Key Financial Insurance Products for Business Owners

Such a task is made even more complicated by the fact that not all businesses are created equal, as this means that entrepreneurs must also seek out to niche products that meet their precise needs.…

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