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Business insurance is a good idea for businesses of all sizes. Every businessowner has the potential to injure their clients or cause them to believe they have been injured even though every businessowner may go out of their way to make their clients happy. Most of the time they succeed, but there may also be times when they will not.
Malpractice InsuranceIt's for those times when businessowners fail to meet the expectations of their clients that business insurance is very useful. For example, in the event that their clients believe a professional hasn't performed his or her duties satisfactorily and has caused injury to them, they may sue these professionals for negligence. One type of business insurance that protects its policyholders from this type of lawsuit is malpractice insurance which pays for the legal defense and the judgment that may levied against the professional.
Errors and Omissions InsuranceAnother type of professional insurance is errors and omissions insurance. Professionals such as real estate agents may be good candidates for purchasing errors and omissions insurance. In the event that a client believes that the insurance agents have committed an act that has resulted in a financial loss, a lawsuit may be in the real estate agent's future. Errors and omissions insurance also takes over payment for legal expenses.
Product Liability InsuranceAnother time that businessowners can be sued for negligence is if they create a product. The customer who purchased the product may have been hurt in the process of using it and decide to sue the manufacturer. In these cases, the type of business insurance manufacturers need would be product liability insurance. If the product has a defect that causes it to malfunction and injure the user, this insurance will cover legal bills or a settlement if the businessowner decides to settle out of court.
Not all businessowners need every type of business insurance. In order to discover if one type of business insurance is a wise purchase for them or not, businessowners just need to assess how likely they are to fall victim to each particular situation. For example, if a business creates a product that has a high probability of causing injuries, then product liability may be a good purchase. The product could be something such as an oven that will heat up to an extremely high temperature. The potential for burns would be very high in this case and the oven manufacturer would be making a good investment in product liability insurance.
What else can I help you with?
Do all business owners need commercial auto insurance?
The only time you would not need it is if your personal auto insurance policy already covers you for your business use. If they would not cover then you need to purchase commercial insurance for that vehicle.
IT Business Insurance?
form_title=IT Business Insurance form_header=In the IT business, technology is vital to the success of your company. Keep your business and assets safe with IT business insurance. What area of the IT business are you in?=_ Would you like to insure a network?= () Yes () No Do you need all of your business insured?= () Yes () No
What type of insurance coverage does a small business need?
Your husband would do best in seeking out commercial property insurance of an all-risk policy, which covers those problems known to be common with small business.
Business Liability Insurance ?
form_title=Business Liability Insurance form_header=Protect your business with the right business liability insurance for your needs. What is the annual revenue of your company?=_ Does your company currently have insurance coverage?= () Yes () No What type of business liability insurance do you need? (Check all that apply)= [] General Liability [] Workers Compensation [] Business Owners Policy (BOP) [] Property [] Professional Liability [] Business Travel [] Business Automobile
Where can I find the best business insuarance quotes?
Find business insurance policies that fit your needs and get the best business insurance quotes. Learn about all things insurance for your business at NetQuote.
Do you have to send a 1099 misc for health insurance payments?
First if th business is a Corporation, which virtually all insurance cos are...you do not need to send a 1099-Misc
What kinds of business insurance are there?
The different types of insurance vary greatly with each individual business' needs. It can range from property, equipment, debris removal, glass, business interruption, and tenant's insurance are just a few examples. Each company will have a need for some or all of these services. There are literally hundreds of different types of business insurance. Each industry has its own insurance requirements,that must be accomodated.
Where does Suncorp Insurance primarily do business?
"From their website, it appears that Suncorp Insurance is the largest insurance underwriter in Australia, the country and continent where they do all of their business."
Do you need insurance for a massage business?
Yes, insurance is reccomended for most/all businesses. Fire insurance at the very least. Try contacting a massage parlour and explain your situation and ask them what kinds of insurance they are required by law to have.
Where can one buy business credit insurance?
One can buy business credit insurance from a number of companies. TD Insurance, Coface UK, and Hiscox all offer business credit insurance where one can apply online.
Business Auto Insurance?
form_title=Business Auto Insurance form_header=Business auto insurance covers vehicles used for all types of business purposes. Hit the road today with the right insurance plan for your business. How many autos will be insured?=_ How is this vehicles(s) used in normal business practices?=_
Why need Business Interruption Insurance?
Business interruption insurance is to a business what disability insurance is to an individual. During the time that your business is suspended, due to an insured event, the insurance is intended to recover the lost profits and proportional fixed expenses. This should theoretically make the business "whole" during the suspension by reimbursing all of the continuing expenses. BEWARE insurance companies view depreciation as a variable expense, not ongoing overhead, and will attempt to exclude the depreciation on assets, whether destroyed or not, from any business interruption recovery.
