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Business Insurance

Entrepreneurs and Business Insurance

Business insurance secures company income, property, and assets against loses. This type of policy guarantees three types of coverage: business interruption, general liability, and business property coverage. But you might need additional coverage based on the specific needs of your business.

Business Insurance Coverage

Coverage helps protect your business against certain perils and financial loses. Damage from fire, lightning, falling objects, wind, and theft are usually covered. But liability is included as well. Here’s more information about the type of coverage available.

Business Property

This coverage guards the building and its contents against protected risks. If a mishap occurs that is not covered by the policy, then you will not receive compensation. Note your business property coverage limit and the deductible. The limit is the maximum amount for which you can be compensated. The property coverage limit is based on the estimated cost to replace, repair or rebuild your property. The deductible is the amount you pay when filing a claim.

Business Interruption

Business interruption coverage is a form of business income assistance. This coverage helps recover expenses and lost income when your business must temporarily close. For example, if a fire damages your property, then business interruption coverage helps pay for a temporary space during the repairs.


General liability helps pay for medical expenses and legal costs during a lawsuit. But the incident in question must have occurred on business property. Liability insurance offers limited coverage, so if the expenses exceed your limit, then you might be forced to pay the remaining amount on your own.

Lots of things can go wrong with a business. Business insurance makes it easier to deal with some of the pitfalls.