Insurance coverage that protects businesses from losses due to events that may occur during the normal course of business. If you provide services that could cause others’ financial loss, you also may need professional liability coverage. Umbrella coverage: lets you extend your homeowners and auto insurance liability coverage up to $1 million or more for greater protection. Insurance is as vital to a business as it is to the individual; a business requires the essential protection only a good insurance plan can offer.
You probably aren’t going to publish about your favorite sports team or restaurant unless there is a business lesson behind it. And of course, ultimately, LinkedIn still owns the audience. Some lenders require that you have life insurance before they’ll issue a loan; this guarantees that the loan will be repaid if you meet with an untimely end.
This type of business insurance offers protection for contents, fixtures and fittings against possible losses, damages and theft. Your liability insurance would cover their medial bills, any physical therapy they may require, and possibly even additional payments for emotional stress.
The survey of 400 Michigan residents was conducted by the Lansing-based EPIC.MRA and funded by the Insurance information Association of Michigan (IIAM) and the Auto Theft Prevention Authority (ATPA). The New York Times article discussed the fact that homeowners insurance under a standard policy does not cover the removal of a bed bug infestation.
Business insurance that is designed for many types of businesses, large and small. This is especially important in the case of a sole proprietorship, because the owner is personally liable for all the debts of the business. Second, direct sales to customers may be able to reduce the cost of commissions to intermediaries (such as for an agent or broker).