Business Insurance
by: Joseph Kenny
There is no denying the fact that success of a business depends on the hard work of the team but one disaster can wipe out your efforts and bring down the profits to dust. So, to avoid such an instance, you need to insure your business, whether it is a small enterprise or a large corporation.
There are insurance companies, which have policies that combine protection for all major property and liability risks in one package. You can also opt for separate coverage. Such a policy is called a business owners? policy (BOP). Larger companies may purchase a commercial package policy.
BOPs include property insurance for buildings and equipments owned by the company. If there is any loss of income due to disruption of operation and business because of accidents like fire, it can be covered under the Business Interruption Insurance.
There are liabilities, which cover the company's legal responsibility for the harm it may cause to others. It is the result of your company?s failure to do the business operations. It can also be the bodily injury or property damage caused due to defective products, faulty installations and errors in services provided.
However, BOPs don?t cover professional liability, auto insurance, worker?s compensation or health and disability insurance. Separate policies are needed for professional services, vehicles and employees. Generally, floods, earthquakes and terrorist attacks are not covered in the business insurance.
Protection Against Flood Damage
If your office is in the flood zone area, you must definitely go for a policy, which provide coverage against flood. Try to find out whether the place had been hit by flood in the past. Make sure you do something in advance to make up for the loss. Otherwise you may face trouble.
Protection Against Earthquake Damage
Earthquake is also not included in most property insurance policies such as homeowners and business owners? package policies. Special Earthquake Insurance Policy or Commercial Property Earthquake Endorsement can cover you if you live in an earthquake-prone area. However, earthquake policies have different deductibles.
Business Interruption Insurance, which reimburses you for the lost income during a shutdown, applies only to the damage covered under your business property insurance policy. There won?t be reimbursement for the loss caused due to the closure of business because of the earthquake. For it, you must have an earthquake coverage policy.
Protection Against Terrorist Attack Losses
In the US, loss due to any terrorism is covered only for those businesses that have optional terrorism coverage. It comes under the Terrorism Risk Insurance Act 2002. Still, there are exceptions in workers? compensation, which include injuries and deaths due to acts of terrorism.
About The Author
Joseph Kenny is the webmaster of the insurance site http://www.insure121.com/ where you will find information, news and links to the leading providers of insurance in the UK. If you found this article interesting you may find more articles of the same nature in the insurance guide http://www.insure121.com/Insurance_Guide located on site.
|
The Importance of Auto Insurance to Teens
The Importance of Auto Insurance to Teens
by: Greg Carson
Teenagers these days are very expensive, from jewelry to their trendy clothes, the latest gadgets to allowances and to paying for weekend hangouts. But as any parent would tell you, the most expensive part of having a teenager is giving them an auto insurance policy.
Making your teens safe while they are driving is one of the most importance issues in your auto insurance policy. The money you spend insuring your teens is of less value than keeping your teens safe against possible damages from driving. One place I go regularly for suggestions on securing my teenager is the car insurance website http://www.1carinsurance.org. The effective way of keeping your teens on the right track is by setting a good example for them. Don't cut people off and don?t teach them to speed. Never race over closing railroad tracks or chasing someone you...
The Importance of Auto Insurance to Teens
Auto insurance > The Importance of Auto Insurance to Teens
Avoiding Disaster: Choosing the Right Auto Insurance Company
Avoiding Disaster: Choosing the Right Auto Insurance Company
by: Auto Insurance Spot
A great deal is at stake when choosing an auto insurance
carrier. In addition to the financial considerations,
there are issues such as reliability, quality of service,
and integrity. Luckily, there are certain steps you can
follow to ensure that you select an auto insurance company
that will meet your needs.
When choosing an insurance carrier, reputation carries a
great deal of weight. For instance, Allstate, Nationwide,
and State Farm are well-known companies that have managed
to hold onto some clients for years. For additional
guidance, you can consult your state's department of
insurance website. The website might offer consumer
complaint ratios which indicate exactly how many complaints
an auto insurance company has received for every 1,000
claims filed. This information can help you to better
evaluate companies...
Avoiding Disaster: Choosing the Right Auto Insurance Company
Auto insurance > Avoiding Disaster: Choosing the Right Auto Insurance Company
Auto Service Contracts 101: The Need-To-Know Facts
Auto Service Contracts 101: The Need-To-Know Facts
by: Gregory Ashton
Today, buying car is not just simply buying a car. This is because when a person wants to buy a car, there are many additional services that tag along. One great example of these so-called ?extras? is the auto service contract.
These auto service contracts are not necessarily required by most car dealers. However, most car buyers are enticed to get one in order to protect themselves against unforeseen circumstances such as expensive car repairs.
Generally, auto service contracts are pledges made by the agency, usually the car dealer, responsible to provide the necessary services or repairs that the buyer or the contract holder is entitled for.
The problem with some people is that they categorize auto service contract as the same with extended car warranties. What they do not know is that car warranties are normally included in the price of the new car bought while...
Auto Service Contracts 101: The Need-To-Know Facts
Auto insurance > Auto Service Contracts 101: The Need-To-Know Facts
Ringtones: What's the Point?
Ringtones: What's the Point?
by: Emily Sims
A quick Google search will produce countless articles trying to understand the popularity of 'ringtones'; hundreds of bloggers waxing lyrical on the benefits of personalising their cell phones. Interviews with ?experts? profering sexy theories about ringtones and identity construction lend an academic seriousness to the Crazy Frog phenomena. The figures are pretty serious too, in the U.S.A. alone, the Yankee Group predicts,...
ringtones Ringtones: What's the Point? Business Insurance Auto insurance
Auto insurance > Ringtones: What's the Point?
hearing aids Business Insurance
Business Insurance life insurance
Business Insurance mortgage Auto insurance
Summer Camps
Summer Camps
by: Ferian Riase
With the summer vacations approaching and the kids becoming restless, many parents start looking for ways to keep their kids busy. This is when a summer camp comes to their rescue. Summer camps allow children to indulge in fun activities like swimming, hiking, horse riding, sailing, etc., and therefore prove to be an ideal solution for such parents. Summer camps are beneficial for both the kids as well as the parents.
On the...
horse Summer Camps Business Insurance
Auto insurance > Summer Camps
Auto insurance
This page loaded in 0.10328 seconds.