How to Choose By REBECCA LAKE Updated May 12, 2023 Reviewed by DAVID KINDNESS Fact checked by JANE MEACHAM Insurance can assist you in safeguarding your company from a variety of threats.
The absolute most normal sorts of business protection plans include:
General liability insurance, property insurance, business income insurance, professional liability insurance, workers’ compensation insurance, employment practices liability insurance, product liability insurance, auto insurance, umbrella insurance, cyber security insurance.
Knowing how each type of business insurance, also known as commercial insurance, works can help you figure out which coverage options you might need.
Key Takeaways: The purpose of business insurance is to safeguard business owners against financial losses caused by a variety of covered events.
Insurance of various kinds includes workers’ compensation, commercial property, and general liability.
Business insurance, like other kinds of insurance, may require you to pay premiums in addition to deductibles.
You can use a variety of different kinds of business insurance to protect your company.
One way to save money on business insurance is to buy a package policy that covers multiple types of coverage.
