Workers' Comp Basics
The simple glossary of small business insurance terms
Small business owner? Here’s the insurance terminology you need to know. (Clear explanations. No insurance speak.)
Business Insurance Basics
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What is business personal property insurance?
Business personal property insurance might sound like a contradictory term (is it business or personal?), but it’s really a pretty simple coverage: it will pay out to repair or replace items you have in your place of business in case of damage or destruction.
What is general liability insurance?
General liability insurance is a coverage which protects you and your company in the event another party makes a claim against your company for bodily injury or property damage. It’s included in business owners insurance but can also be purchased as a separate policy.
Business Insurance Basics
What is business owner’s insurance?
A business owner’s policy is a handy insurance product that’s designed to protect your small or medium business from many different kinds of property damage and liability.
What is business property insurance?
Business property insurance will pay to repair or rebuild your building if it is ever seriously damaged or destroyed. A full business property insurance policy is actually two coverages that can be purchased separately. Let’s talk about each one individually.