Business and Special Risks
The business insurance field is wide and complex, and includes many options for insurance coverage. This field requires knowing the business and its type of activity in order to fit the best insurance solutions that your business needs.
The most common insurance coverage options for businesses are usually:
- Structure insurance – according to the calculation of the value of the structure
- Contents insurance – furniture, equipment and work tools, inventory and other contents
- Third party liability – this clause covers physical or content damages that may occur to a third
party - Employer’s Liability – usually purchased depending on the amount of workers.
Other coverage riders that can be purchased through the business insurance:
- Insurance in case of profit lose
- Insurance for product warranty
- Insurance for electronic devices
- Insurance for moving merchandise from one place to the other
Additional coverage:
- Professional liability insurance
- Contractor insurance
- Director and Functionary insurance
The full compelling insurance terms are the terms provided in the policy.
As a business owner, you deal with many insurance risks that you are vulnerable to. Making sure that you have a proper insurance policy will allow you to focus on your business tasks and have a peace of mind that everything is taken care of.
