How the Insurance Claim Process Works: The 4 Main Steps
If you’ve suffered a loss or incurred damages, it’s time to review your insurance coverage. You’ll have to file a claim to acquire a reimbursement from the insurance carrier. The timing as to when you should submit the claim is largely dependent on the size, type and severity of the loss. Larger claims should be […]
Why You Need Commercial Property Insurance
One of the main steps of building a business is insuring it. Yet, business insurance can be daunting, especially when you hear stories of “My business insurance doesn’t cover that.” You don’t want to spend your time as a business owner worrying that an uninsured disaster will occur on your premises with no financial backing. […]
Professional Liability Insurance—12 Examples of What It Covers and What It Doesn’t
Liability refers to the legal responsibility that a person or business has for another party. Professional liability insurance (PLI), also called errors and omissions insurance (E&O insurance), is a type of coverage that businesses can purchase to financially protect themselves from risks caused by the professional services they provide. But before you opt for professional […]
Everything You Need to Know About Workers’ Compensation for Your Business
Workers’ compensation insurance, also known as workers’ comp or workman’s compensation, is a type of insurance that employers buy to cover employees who get injured or become ill on the job. In exchange, the employer becomes largely immune from legal liability for sick or injured employees. Most employers are required by law to offer workers’ […]
Everything You Need to Know About Business Insurance
If you’ve established a startup, one of the main things everyone advises you is to get business insurance coverage. If your company faces a loss, a quality business insurance policy will be there to back you up financially. The tricky part about getting business insurance is that you may encounter endless types of policies, including […]
Cyber Liability Insurance: What Every Small Business Needs to Know
Businesses are increasingly at risk of cyberattacks, but many don’t have the necessary insurance to protect themselves. Cyber liability insurance can help businesses protect themselves from cyberattacks and recover from a data breach. A data breach can be incredibly costly for a business, both in terms of money and reputation. The average cost of a […]
