Business Insurance

What is business insurance?

As you would expect, business insurance includes policies of insurance (such as fire insurance) procured by your business to protect its physical assets. It also includes various forms of liability insurance similar to what you might have for your home and personal vehicle. The wide range of available insurance products offers your company more than just protection. These products also:

  • Offer your business a means by which it can accomplish many of its goals

  • Provide a source of funds to help ensure continuity of business operations after a catastrophic event or the death or incapacitation of a key employee

  • May provide a source of funds for the payment of estate taxes after the death of an owner of a family-owned business

  • May provide a source of funds for normal company operations, for expansion, or for a benefit program to aid in the recruitment and retention of employees

In addition, many states require businesses to maintain certain insurance, such as workers' compensation insurance.

What types of insurance are available to your business?

There are numerous categories of insurance and many types of insurance products that are available within each of those categories. The major categories include life insurance, health insurance, disability insurance, property and casualty insurance, and liability insurance. Let's briefly run through those categories and what they have to offer you.

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