Tag: types of business insurance coverage

When do businesses need workers compensation insurance?

G. Turner
Workers compensation insurance - Work injury claim form

In many cases, this coverage is state mandated, so companies need to know when it applies to them. Workers compensation insurance is a type of policy that covers claims related to injuries employees sustain while on the job, including lost wages, medical expenses, rehabilitation, death benefits and more. As such, this type of coverage is typically meant for any company that has employees. It can be quickly and easily obtained from a reputable company such as Embroker. These types of claims are exceptionally common, and coverage is often required by…

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Business owners insurance is an entrepreneur’s best friend

Logan B.
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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