Tweet Many insurance companies have bundled property and liability coverage into what’s commonly called a business owners policy (BOP). It allows the business owner to obtain broad coverage with affordable premiums. Business owners who have a BOP will also want to consider adding additional coverage that may not otherwise be included. Property insurance can be [...]

Tweet Some insurance companies specialize in small-business insurance coverage. While shopping for business insurance, a business owner should keep in mind that coverage are not always standard between companies. A common breakdown of a small business insurance policy would include: accounts receivable coverage up to $25,000 (higher limits are available); coverage for contractors’ equipment that [...]

Tweet It is important for a business owner to take a complete inventory of all business property, determine its value, and decide what’s worth insuring. If the items that need insuring are not covered within the basic policy, adding more coverage may be necessary. For example, a business owner will want to make sure the [...]

Tweet Liability insurance will protect business assets in the event the business is sued. These days, with lawsuits clogging the courts, a business owner should maintain a proper amount of liability insurance to protect the business he or she has worked so hard to build. Any company can be sued for something it did — [...]

Tweet Few things in life are riskier than launching and running a business. Neglecting business insurance needs can compound those risks. Protecting a business from financial disaster will not only preserve all the hard work and long hours that was put into it, but will also give the business owner some peace of mind. Small [...]

Tweet (NAPS)—If, like many Americans, your family car is also used for purposes that could be considered commercial use, you may want to steer yourself into a chair and look over your insurance policy. You’ll need to consider buying a commercial policy or making sure that your existing personal auto policy covers the vehicle for [...]

Tweet (NAPS)—For many business owners, the road to success cannot be driven without vehicles. They are component of the continued operations and are essential to the company’s livelihood. And just as you’d never consider going on a job without all the necessary tools of your trade, you should never consider driving your business vehicle without the [...]

Tweet Bob, the owner of a small flower shop, answers the phone prepared to take an order. Instead, he learns his only delivery van was involved in an accident. Questions flood his mind. Is anyone hurt? Is the van damaged? How will I make my deliveries? Without commercial auto insurance, a business like Bob’s could [...]

Tweet It is important for a business owner to take a complete inventory of all business property, determine its value, and decide what’s worth insuring. If the items that need insuring are not covered within the basic policy, adding more coverage may be necessary. For example, a business owner will want to make sure the [...]