Their massive potential in the insurance sector is noticed by insurance companies with policies tailored to suit every SME's individual needs. Here's a list of top business insurance policies your SME should c
While product liability insurance is often included in general liability policies, high-risk products may require a standalone policy. Consult your insurance provider to ensure you have adequate coverage. How to get product liability insurance To secure the best product liability insurance for your bu...
Claims-made policies may include: Retroactive date This is the date your professional liability insurance coverage begins. If you're getting professional liability insurance for the first time, this date is typically the day your coverage starts. If you’ve maintained continuous coverage with a ...
Businesses that fall into the lower risk category may want to consider abusiness owner policy(BOP), which combines general liability and property insurance at a more cost-effective rate. Any new or additional business liability insurance policies should contain exclusions clauses to avoid duplication ...
This is a policy that packages general liability and commercial property insurance together. What makes it attractive is that it’s cheaper to buy a BOP than to buy the policies separately. Unless your construction company has very specific risks, you should be able to qualify for a BOP, whic...
If your business owns or operates vehicles, you will need commercial auto insurance. Beyond these policies, there are several aspects to business insurance. Here are three core components of a good insurance plan, often summarized as a business owner's policy, or BOP: General liability insurance...
The insurance policies that every small business should consider are: Table of Contents General Liability Insurance General liability insurance is the first, go-to insurance that small businesses will take out. The insurance is designed to cover claims against a business, and this is for: ...
Your unique needs deserve unique solutions. Get policies tailored just for you. YOUR LOCAL, TRUSTED INSURANCE EXPERTS WITH 15 YEARS OF EXPERIENCE Understanding the Difference: Independent Agency vs. Single-Product Agency As a local independent agency, American Protection Insurance (API) brings a unique...
Tenant's Liability.Protects your business against claims of damage due to fire or other covered losses caused by you to premises that you rent. Note: This summary outlines in general terms the coverages afforded under some policies. Examine the policy carefully for any exclusions, limitations, or...
Cons:Adds an extra insurance expense for your business Average cost:$75/month6 Eligibility:Applicable for businesses that already have commercial insurance policies and want to expand their coverage 9Shipping insurance Shipping insurancehelps protect businesses from the costs of errors or accidents during...