Basics of Small Business Insurance

Adapted from content excerpted from the American Express ® OPEN Small Business Network

Quite difficult to determine what type of insurance you need for your small business. Various types of insurance have different names similar to the puzzle; state, city or district (county) may apply the insurance requirements of each, and many industries have a special insurance coverage for them.

Insurance is one of the responsibilities of small businesses the most ignored. Unavailability of insurance for your small business is a mistake because a disaster can close your company for ever, or at least sabotage all your assets.

The Insurance Information Institute (III) in the city of New York estimate that about 40 percent of small business owners simply did not have insurance, because many people are mistaken to believe that they can not afford to pay the insurance premium. Is that small business can not not need to have adequate insurance. Without insurance, should not you make your livelihood at risk. That is also why many land owners, suppliers, and the unity of all the other related to your business may require you have insurance.

If you have difficulty determining which type of insurance you need to have, check with the agents as follows:

* Office areas or cities
* Office of the local branch of the industry association
* State insurance office

Below is some type of insurance that is used by small businesses. Click on the type of insurance to obtain further details.

Insurance for Your Business

* Business Owners Policy
* General Liability Insurance
* Property Insurance
* Insurance (Errors & Failure) Professional Liability
* Car Insurance Commercial
* Insurance Umbrella
* Insurance Income / Expenditure Additional Business
* Product Liability Insurance
* Additional Equipment Insurance
* Insurance Special Equipment

Insurance for Yourself and Your Employees

* Health Insurance
* Insurance Ketidakberdayaan
* Insurance
* Key Employee Insurance
* Workers Compensation Insurance