Business Insurance Types

•Property Insurance
•Product Liability Insurance
•Professional Liability Insurance
•Commercial Auto Insurance
•Trip Business Insurance
•Workers Compensation Insurance
•Casualty Insurance
•Health Insurance
•Business Interruption Insurance

Property Insurance

•Commercial property insurance protects commercial property from such perils as fire, theft and natural disaster. This type of insurance is carried by a variety of businesses, including manufacturers, retailers, service-oriented businesses and not-for-profit organizations.

Product Liability

•Product liability insurance protects the business from claims related to the manufacture or sale of products, food, medicines or other goods to the public. It covers the manufacturer’s or seller’s liability for losses or injuries to a buyer, user, or bystander caused by a defect or malfunction of the product, and, in some instances, a defective design or a failure to warn. When it is part of a commercial liability policy the coverage is sometimes called products-completed operations coverage.

Professional Liability

Also called professional indemnity insurance (PII) but more commonly known as errors & omissions (E&O) in the US, is a form of liability insurance that helps protect professional advice- and service providing individuals and companies from bearing the full cost of defending against negligence claim made by a client, and damages awarded in such a civil lawsuit.


Commercial Auto

•Purchased for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise there from the specific terms of vehicle insurance varies by law from state to state or region to region. To a lesser degree vehicle insurance may additionally offer financial protection against theft of the vehicle and possibly damage to the vehicle, sustained from things other than traffic collisions.

Business Travel

•Intended to cover medical expenses, trip cancellation, lost luggage, flight accident and other losses incurred while traveling, either internationally or within one’s own country. It can usually be arranged at the time of the booking of a trip to cover exactly the duration of that trip, or a “multi-trip” policy can cover an unlimited number of trips within a set time frame. Some policies offer lower and higher medical-expense options; the higher ones are chiefly for countries that have extremely high medical costs, such as the USA.  

Workers Compensation

•Provides medical and partial wage replacement benefits to employees injured as a result of work-related activity. This coverage also provides the employer protection from the threat of a civil lawsuit by an employee with a work-related injury. This coverage is provided by a workers’ compensation policy, secured by the employer.

Casualty / Liability Insurance

•Liability insurance protects your business from lawsuits – both the legal costs and the settlement or judgement costs, if any. General liability covers injuries and damages that occur in the course of doing business. Casualty insurance focuses on injuries on your business premises and crimes against it. It includes issues from terrorism to fraud to burglary to identity theft to the misdirected softball that goes through the store window. Since casualty incidents overlap with some other types of insurance, this coverage may be folded into other types of policies. Accidents may be covered with commercial general liability.

Group Health Insurance

•Employer-sponsored health insurance is paid for by businesses on behalf of their employees as part of an employee benefit package. Most private (non-government) health coverage in the US is employment based. Nearly all large employers in America offer group health insurance to their employees. The typical large-employer PPO plan is typically more generous than either Medicare or the Federal Employees Health Benefits Program Standard Option.

Insurance Laws

•Businesses with employees are required by law to pay for certain types of insurance: workers comp insurance, and, depending on where the business is located, disability insurance.
•Worker’s compensation insurance is required for any non-construction business employing four or more people and any construction business with at least one employee. Commercial automobile coverage is required for businesses that own, lease or operate a motor vehicle. 


最后修改: 2018年08月14日 星期二 08:31