Business Insurance

Understanding Business Insurance


Business owners are always vulnerable to many potentially damaging events like legal action taken by a customer, illness, injury and other kinds of unexpected loss-causing issues. Most small to medium sized business will likely have an entrepreneur at its head who has invested a great deal of time, effort, heart and expense in making it all come to fruition. Knowing this it makes perfect sense that such an investment should be protected.

Types of Business Insurance Coverage

Business Interruption

Should the business not be able to function as a result of a covered loss, this is what can compensate for lost revenue until the business is able to resume operations.


Good business insurance coverage can compensate the business owner for some (if not all) of the expenses associated with the loss of goods or equipment resulting from theft. For example, if a product is stolen during a break-in to a warehouse, this protection provides payment for the replacement of the covered property stolen. Items normally covered include items such as office equipment, computers, and more. Basically, just about any asset that the policyholder would want covered can be protected. Losing essential supplies from a burglary can, at the very least, eliminate any profit and perhaps even threaten a business’ very existence without having this valuable insurance coverage.

Naturally Occurring Events

Business insurance can protect one’s enterprise from a myriad of natural disasters. It protects assets and inventory from damage or destruction from many natural disasters. Even damage from earthquakes or floods can be covered. If your business were to be destroyed from an earthquake or flood, the costs of restoring it to its prior condition can be overwhelming without the proper insurance coverage.

Other Types of Coverage:

General Liability- This provides protection from such things as injuries on-premises, litigation, property damage, and accidents.
Commercial Car Coverage- Vehicles are often necessary for the operation of a business. This is what protects these vehicles from loss. Keep in mind that personal auto policies will not cover any work-related accidents or issues.
Property Coverage- This protects business equipment, the physical structure, goods and inventory, and more.


Whether large or small, your company can greatly benefit from good business insurance coverage. This coverage comes in many forms to reflect the type of business and the owner’s individual needs and desires. Contact an insurance professional to obtain help in determining the most appropriate coverage.