Types of Business Insurance

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Types of Business Insurance
Source http//directinsurancenetwork.com/busines
s-insurance
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• Here are some listed popular types of business
  insurance below. This way you can start making a
  list of the different types available that you
  might need for your business to operate smoothly
  and efficiently.
• General Liability Insurance
• Business Owners Policy
• Workers' Compensation Insurance
• Professional Liability Insurance
• Commercial Umbrella Insurance
• Property Insurance

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General Liability Insurance
If someone is injured using your product or
service, or while on your property, your
liability coverage pays the damages and funds
your legal defense. Property insurance covers
your physical assets, such as your building,
equipment, furnishings, fixtures, and inventory.
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Business Owners Policy
A combination policy which includes more than one
time of coverage that is bundled together.
Through an affordable premium you can bundle
property and liability insurance together. The
coverage is broad and applicable for small
businesses with 100 or less employees.
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Workers' Compensation Insurance
Insurance that pays for medical care and physical
rehabilitation of injured workers and helps to
replace lost wages while they are unable to work.
State laws, which vary significantly, govern the
amount of benefits paid and other compensation
provisions.
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Professional Liability Insurance
Professional Liability Insurance covers potential
losses that are not typically covered with a
general liability policy. Professional Liability
can take on different forms or names. Some of the
types of coverage included are Cyber Liability,
Foreign Liability, Liquor Liability, Pollution
Liability, Errors and Omissions coverage.
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Commercial Umbrella Insurance
Without sufficient coverage, your business could
be left vulnerable. When your general liability,
commercial auto, or employer's liability policy
has paid its maximum, commercial umbrella
insurance picks up where your other policies left
off.
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Property Insurance
Commercial property coverage includes loss and
damage of company property due to fire, smoke,
wind and hail storms, civil defence, and wreckage
etc. The protection options also involve lost
income, business interruption, buildings,
computers, company papers and money.
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Many types of specialized plans exist, and in
some cases, a plan can be developed for the
unique needs of a particular business. Now that
we have discussed your options for attaining
commercial business insurance it's time for you
to get out there and talk to some insurance
agents regarding your wants and needs for your
company. To learn more about how to get business
insurance at Direct Insurance Network website,
http//directinsurancenetwork.com/business-insuran
ce.