Wednesday, April 25, 2012

Business Insurance - Secure your business

There are various kinds of insurance available which are popular among people - Agricultural insurance, health insurance, life insurance, vehicle insurance. Of late, there is another kind of insurance called business insurance which is gaining more prominence.

Business Insurance provides coverage to the business owner to protect against losses and to insure the continuing operation of the business. Many business owners do not consider risks in their planning as they believe that nothing bad would happen. However, when the tide turns the other way, the cash flow suddenly stops and reserves are depleted.

Business insurance provides coverage against following:

  • Property insurance
  • Casualty insurance
  • Liability insurance
  • Commercial automobile insurance
  • Workers compensation insurance
  • Business Interruption insurance
  • Health insurance
  • Life and disability insurance

From an insurance company perspective, business insurance is nothing more than spreading and managing the risk among many business owners. Insurance companies take in premium payments from many businesses, invest those payments, and create a pool of money to pay out to a covered business if that business has a covered loss.


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