Business Insurance

Busines Insurance Policies

Business Insurance Policies

Tunnell Insurance

"Business insurance"is an umbrella term used to identify a number of different types of insurance coverage that are maintained by a business enterprise. Business insurance is designed to protect against an array of different types of losses that occur during the general course of operations.

Who Needs Business Coverage?

Generally speaking, any individual that owns and operates a business venture needs to have certain types of business related insurance. The specific types of insurance a business needs depends on the nature of that venture's operations. For example, a retail store or restaurant has markedly different insurance needs than does a lawyer in a solo practice or an owner of a home-based enterprise.

Different Types of Business Coverage

Business related insurance includes an array of different types of coverage. Common types of insurance for a business include product or service related liability insurance, worker's compensation insurance, premises liability insurance, unemployment insurance and even health insurance if an employer does (or is required to) provide such coverage to his or her employees.

How Business Coverage Works

The manner in which insurance for a business works depends upon the specific nature of the policy at issue. With that noted, all types of insurance coverage for a business maintains a claims process. When an event occurs that may trigger a particular type of coverage under a business related policy, a claim must be filed in a timely manner. For example, of a worker is injured in the workplace, he or she must file an appropriate worker's compensation claim by the established deadline.

Benefits of Business Related Insurance

One of the most essentially benefits associated with business related insurance is that it protects the financial health of a particular venture. For example, if a customer is injured on the premises of a business, that individual might sustain costly injuries and losses. If the business was forced to pay compensation directly "out of its pocket," the enterprise very easily could end up bankrupt and shuttered. In addition, insurance for a business provides protection to the employees and patrons of a particular enterprise should these individuals sustain an injury or other type of loss in conjunction with that business.