Business insurance is growing for added tax and litigation protection

Business insurance growth

Rising risks are driving companies to purchase more coverage against potential financial losses. For the last year, business insurance coverage for tax and litigation have been sharply on the rise and experts are predicting that this trend will only continue in the same direction. As companies increasingly learn of these benefits, they are pushing their coverage to higher levels. Mergers and acquisitions as well as other commercial deal structures have been transformed by the addition of these forms of business insurance during the last couple of decades. They have provided…

Is Refrigeration Equipment Covered by Business Insurance?

small business owner insurance

Business insurance is meant to protect you and your business from financial losses in case of an unexpected event. Covered events typically include anything from a customer falling while on your business premises to theft or damage of your business equipment.  Business insurance also protects you against things like professional mistakes, legal fees, and when the business faces a compensation claim. As such, it’s important for all businesses, including sole traders, self-employed people, and limited liability companies.  What does business insurance cover? Different forms of business insurance cover different kinds…

Does Business Insurance Cover Shop Shutters?

business shop shutters covered by insurance

Business insurance, also known as commercial insurance, is a broad term that covers a range of different insurance types designed to protect businesses against various risks. This may include property damage, legal liabilities, employee-related risks, and losses resulting from business interruption. As a business owner, understanding the specifics of your coverage is paramount in ensuring the safety and continuity of your enterprise. Cover for Shop Shutters under Property Insurance The most direct insurance type that can cover shop shutters is property insurance. Commercial property insurance is designed to cover the…

Mercury prepares to roll out California small business insurance

California small business insurance - people with small business

The company’s new policy for entrepreneurs is designed to provide flexible coverage options. Mercury Insurance has announced that it will be selling California small business insurance for entrepreneurs in the state with restaurants, retail stores, professional services or medical offices. This is the insurer’s most recent offering from its CMP line, created with quick quotes in mind. The CMP line at Mercury provides entrepreneurs with California small business insurance quotes quickly and conveniently, with options to tailer their coverage packages to the specific needs of their companies. “As the economy…

Amazon to sell business insurance in the United Kingdom

Business insurance - Amazon

The marketplace has announced its intentions to begin selling to small- and medium-sized companies. Amazon.com Inc. has announced that it will begin selling business insurance to small- and medium-sized companies in the United Kingdom. This represents the first step the tech giant has taken into that market in the UK. The business insurance coverage will become available to members of Amazon’s Business Prime program. Those members will be able to purchase policies from Superscript that will include coverage such as contents, professional indemnity, and cyber. According to a spokesperson from…

5 Easy Ways You Can Reduce Your Home and Business Insurance Rates

It’s not difficult to both love and hate insurance. Few of us enjoy paying for it every month, but we are relieved to have it if something bad happens. That is definitely the case for both home and business insurance.  Buying either can be a costly endeavor, but the good news is that you don’t have to be stuck with high monthly premiums. Instead, by shopping around, working with the insurance company, and living in places with fewer risks, you can make the payments much more manageable. Let’s look at…

Five Things to Consider Before You Invest In Business Insurance

Five Things to Consider Before You Invest In Business Insurance

The fine line between total loss and sustainability is a measure of the risk a business possesses. Entrepreneurs take up business risks in expectations for future gains and rewards. This means that all companies, regardless of their industry or operational nature, are continually exposed to financial risk. Unforeseen expenditures or unaccounted financial burdens are ordinary in every small and large business. While some industries may be less risky than others, unfortunate events are common occurrences and can have devastating consequences on one’s business. What should business owners do to protect…