Types Of Business Insurance Policies

There exists a wide range of insurance types to protect businesses against risks and unforeseen circumstances.

Types of business insurance policies. Business insurance can take a number of different forms such as the various kinds of professional liability insurance also called professional indemnity pi which are discussed below under that name. And the business owner s policy bop which packages into one policy many of the kinds of coverage that a business owner needs in a way analogous to how homeowners insurance packages the. This type of insurance is an extension to an already existing insurance policy and covers beyond the regular policy. This insurance can cover different kinds of claims including homeowner s or.

Learn more about the different types of insurance for companies and how to choose the right protection for your business. The new year is a great time to review your insurance coverage but anytime you make a major change in ownership or operations you need to review your coverage with an insurance professional. When starting out carry out a risk management audit to identify potential liabilities and accident costs. Product liability insurance works to protect a business in such a case with coverage available to be tailored specifically to a specific type of product.

Trying to choose the right types of business insurance can be overwhelming.