Business owners insurance is an entrepreneur’s best friend

Business Owners Insurance - Open sign on shop door

This coverage is ideal for most small and medium sized companies and can be easily bundled. Business owners insurance is a combination of different policies that cover small and medium sized companies. Carriers create these bundles to provide just the type of protection businesses of this size require, as large corporations require coverage with far greater complexity and customization. Also known as business owners policy (BOP), it is multiple coverages in a single package. Business owners insurance usually contains the following types of coverage, all contained within a single bundled…

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What Types of Business Insurance Does an LLC Need?

business insurance what types and what is needed

A limited liability company (LLC) is a preferable business structure due in part because of the level of security it offers owners when it comes to their personal assets and personal privacy through a third party registered agent. But while you’re able to limit your personal liabilities, your business assets are still without protection against a variety of possible unfortunate events. The good thing is that there are things you can do to minimize the risks that come with your LLC — one of these is investing in necessary business…

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Common Questions Small Business Owners Have About Insurance

small business owners have about insurance

As a small business owner, you have a lot on your plate. While some tasks and obligations can take the back burner for the time being, others require immediate or constant attention. Ensuring you have sufficient insurance coverage is one of those responsibilities that can’t be neglected for any period of time. As a business owner, you should understand your state’s legal insurance requirements, your industry’s associated risks, and which insurance forms you need to address these liabilities. Properly insuring a company may seem daunting to new business owners, but…

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Petbusinessinsurance.com the #1 agency for the Pet business industry

pet insurance for business and how it works

We here at Pet Business insurance want to make sure every pet business gets insured with the specialized types of insurance coverage that are available to them. Unlike normal business insurance, pet businesses have extra options such as animal bailee coverage when getting property coverage. Animal bailee coverage protects business owners when a pet in their care gets injured or dies. According to Forbes, this is a great time to start your very own pet care business! Millennial and Generation Z Americans are pet-obsessed, accounting for 62% of pet ownership. …

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What Types of Insurance Does Your Business Need?

business insurance what type do you need

There are types of insurance coverage that your company needs to legally operate in your state or in the U.S. and there are types that are recommended for businesses in your industry. To get the best comprehensive coverage for your company, it is a good idea to work with an agent familiar with your industry and with business insurance as well as research government and industry recommendations. General Business Insurance Most companies will be required to have general liability insurance and commercial property insurance to obtain a business license as…

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What can fitness experts expect from personal trainer insurance?

Personal Trainer Insurance - Personal Trainer

Fitness experts face a number of liability exposures and need commercial policies designed to protect them. Personal trainer insurance is a category of commercial policies created for the protection of these fitness professionals. Many trainers think they’re covered with a general liability business policy but may need more. Though the basic level of personal trainer insurance typically does involve commercial general liability coverage, there are other policies that better cover a fitness expert’s exposures. Indeed, it’s easy to remember the need for third-party bodily injury, reputation harm and property damage,…

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Global commercial insurance rates dropped in Q2

Commercial Insurance rates

Property coverage saw the largest drops during that quarter with more moderate decreases in casualty. Customers in the commercial insurance market saw positive news upon the release of a recent August 2015 report from Marsh, called the “Global Insurance Market Quarterly Briefing,” which determined that rates had decreased worldwide in nearly every business line. That report indicated that this was the ninth consecutive quarter in which there were decreases. It also explained that this trend of commercial insurance rate decreases is a reflection of the competition within the market. It…

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