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Business Insurance

Every business faces risk, but you can minimize the potential consequences by purchasing the right insurance policies. From general liability insurance to workers' compensation, our insurance guides explain coverage types, exclusions, rates and everything you need to know to protect your business.

Article
What Is Directors & Officers (D&O) Insurance?
By Kimberlee Leonard | May 02, 2024

If a lawsuit targets a firm's directors and officers, directors and officers insurance protects their personal assets. Learn how D&O insurance works.

Delivery driver wearing a mask
Article
Average Commercial Car Insurance Costs
By Kimberlee Leonard | April 24, 2024

The average cost of commercial car insurance depends on vehicle, location, driving record, industry, and more. Learn how to choose the right coverage.

Article
When Is Auto Insurance Tax Deductible?
By Kimberlee Leonard | April 19, 2024

Auto insurance can be tax deductible when you use your vehicle for business. Learn what you can write off and how to find the best tax strategy for you.

Article
Looking for Business Insurance? 10 Questions to Ask a Prospective Broker
By Kimberlee Leonard | April 17, 2024

Business insurance is critical – and complex. Learn how to vet a reputable broker who can help you decide which risks to insure against and for how much.

Article
How Does a Workers’ Comp Settlement Work?
By Kimberlee Leonard | April 04, 2024

A workers' compensation settlement covers several costs incurred when an employee is injured. Learn about the workers' compensation settlement process.

Article
How Do Commercial Car Insurance Deductibles Work?
By Kimberlee Leonard | April 04, 2024

Commercial car insurance deductibles work just like personal auto insurance deductibles. Learn about collision and comprehensive claims deductibles.

Article
14 Ways to Save Money on Business Insurance
By Kimberlee Leonard | March 15, 2024

You shouldn't cut corners when it comes to business insurance. Here are ways to reduce your insurance premiums without sacrificing coverage.

Article
What Is Intellectual Property Insurance?
By Kimberlee Leonard | March 14, 2024

Your business needs intellectual property insurance if you hold patents or trademarks. Learn what intellectual property insurance covers.

Article
What Is Commercial Liability Auto Insurance?
By Kimberlee Leonard | March 06, 2024

Commercial liability auto insurance covers the same types of liabilities as personal auto insurance, but the policy is for commercial vehicles.

mentor consulting an intern
Article
What Is Risk in Business Insurance?
By Mark Fairlie | February 22, 2024

Insurance risk is the probability of an adverse event that causes an insurance claim. Learn how business insurance risk is assessed and how to lower it.

Article
Understanding Data Breach vs. Cyber Liability Insurance
By Kimberlee Leonard | February 22, 2024

Cyber and data breach insurance cover data breach costs, but cyber adds more protection. Learn how to choose the right insurance for your business.

Article
What Is Coinsurance in Business?
By Nicole Urbanowicz | February 21, 2024

Coinsurance for small businesses helps cover property and business assets, so the insurer knows there's adequate coverage. Here's how it works.

Article
What Is a Surety Bond?
By Mark Fairlie | February 20, 2024

Surety bonds act as a legally enforceable guarantee that help small business owners secure third-party contracts. Learn how they work.

Article
Workers’ Comp and Taxes
By Kimberlee Leonard | February 14, 2024

Workers' compensation has tax implications that every employee and business owner should understand. See our guide.

Article
Specialty Insurance Basics
By Mark Fairlie | February 14, 2024

A business needs specialty insurance for items not covered by ordinary homeowners or automobile insurance. Learn if your company needs more insurance.

Article
What Is Tail Insurance in Business?
By Kimberlee Leonard | February 09, 2024

Tail insurance is a policy endorsement that lets you file a claim after a policy's term ends. Learn how tail coverage can protect your business.

Article
What Is an Insurance Rider in Business?
By Kimberlee Leonard | February 09, 2024

While standard business insurance policies protect your business, when extra coverage is needed, you'll obtain a rider. Learn how riders work.

Article
What Is Professional Negligence?
By Kimberlee Leonard | January 23, 2024

Professional negligence is when an industry professional doesn't properly fulfill their duties, leading to damage or harm. Learn how to avoid lawsuits.

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Why Your Business Needs Indemnity Insurance
By Mark Fairlie | January 22, 2024

A key component of an insurance policy is restitution for those who have a claim against you. Here’s how indemnity insurance provides that.

Article
What Are Insurance Endorsements?
By Nicole Urbanowicz | January 11, 2024

Insurance endorsements are a way to broaden or narrow coverage on an existing insurance policy. Here's how insurance endorsements work for your business.

Article
Employment Practices Liability Insurance: Why Small Businesses Need EPLI
By Jamie Johnson | January 11, 2024

Employment practices liability insurance protects your business from past or current employee lawsuits. Here’s how EPLI works.

Article
Insurance Deductions and Expenses for Small Businesses
By Nicole Urbanowicz | January 03, 2024

Make sure to take all the deductions possible for your business insurance expenses. Here is how to stop paying too much in taxes.

Article
What Is Malpractice Insurance?
By Jennifer Dublino | November 27, 2023

Malpractice insurance can protect your business. Learn about malpractice insurance, who needs it, what types exist, how much it costs and how to get it.

Article
What Is a Loss Payee on an Insurance Claim?
By Nicole Urbanowicz | November 07, 2023

The loss payee has the first-in-line legal rights to an insurance claim payout. Here's what you need to know.