Different Types of Business Insurance

By Yvonne Brixey


Business insurance is a must for those that own a business. So many things can go wrong that cost a lot of money and put your business in financial trouble.Not only is business insurance important, but the insurance company that you go through is just as important. You need to purchase your business insurance through an insurance company that you can trust with your business. Here are nine different types of business insurance policies that are available to protect your business.

Property business insurance is an important one to have. If your business is in a busy and public place you may want to have property business insurance. This type of business insurance will protect the building and belongings of your business from theft or any damage that may occur. Also available is fire or flood insurance for businesses.

Casualty business insurance is more for if your business has been damaged or fails to be successful. It basically covers any financial losses that your business may have. When you receive a business insurance package, casualty insurance often comes with property business insurance.

Liability business insurance protects your business from a lawsuit that may occur. Without liability business insurance, your business could suffer major financial losses or go bankrupt.

Commercial auto business insurance is one to have if you have any company owned vehicles. This type of business insurance will protect you from any vandalism, accidents, or other damages that may happen to your vehicles.

Workers compensation is a very important type of business insurance to have. Especially if the workplace can be dangerous. This type of business insurance will protect you from lawsuits with employees who have gotten injured while on the job. Your business is responsible for all the medical bills of employees if they are injured, so you most definitely need this type of business insurance.

Business insurance for interruption is a type of business insurance that covers any interruptions from the outside. Such as harsh weather damages a machine that your business needs to stay running. This type of business insurance will save you from having to replace that expensive machine.

Business insurance that is just for health is very important for the employees and for the business owner. Health benefits, in most states, are required by law so you want to have health business insurance for your business.

Disability and life insurance through business insurance is a great thing to have as well. This is so that the families of your employees are left with some money after they pass away. Disability will pay an employee while they are out of work due to an injury or illness. This type of business insurance is necessary for your employees.

Another type of business insurance is called scripted policy which covers a specific risk. For example an actor will get business insurance on their legs or their lips since they are used for work.

Business insurance is very important to have to protect your business from any financial troubles that may occur. Different Types of Business Insurance




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