4 Common Questions About Business Insurance

​Your business is as essential as the sunshine. Don't you want to insure it? Read more and answer these questions about business insurance.

What does "business insurance" mean?
Business insurance is a term that comprises various coverage and categories of protection policy. Because of business insurance, you may cover the business and property you own like vehicles and from any legal claims against your business. There are liability, workers' compensation, and others that offer health insurance for your workers.

Why do you need business insurance?
You need business insurance, whatever is the status of your business. Why? Because anyone can sue you. Your decision can be gathered by wage and account attacks. Unforeseen circumstances can still hit even corporate giants. If you have a small business, there are more tendencies of liability for debts by the personal assets you have.

Any business is at risk at any point in time. There are threats that can hinder your operation. So, protecting it is a primary objective.

What are the different types of business insurance?
There are different types of business insurance. Those include the following:

• Property and Casualty Insurance - Property insurance encompasses the location of your business, either you rent or lease it. The content of such is also protected against any occurrence of thefts, fire, flood, earthquakes, and other specific terms in the agreement.
  
  Casualty Insurance pertains to coverage of the business operation. But these two are typically combined as one.
  
  
• Commercial Auto Insurance - This is coverage for loss or even damage to vehicles that your business utilizes.
  
  
• Liability Insurance - this will protect your business from being sued for negligence that can happen when someone recedes on your business property.
  
  
• Product Liability Insurance - this ensures your business from damages induced by design, supply, and manufacturing of your business.
  
  
• Business Interruption Insurance - this makes up the cash flow and profit loss that the business incurred.
  
  
• Health Insurance - offers coverage for you and your workers.
  
  
• Life and Disability Insurance - insure your business for any death or disability incidents with your primary workers.
  
  
• Workers' Compensation Insurance - this is needed for your workers' compensation benefits in times of injury.
  
  

Is it possible to combine different types of business insurance?
Of course, it is possible to combine or link different types of insurance. BOP or business owner's policy can be appropriate if you have a small to medium range business. You can always have other choices like home office policy, which is a combination of home and business policy terms.

Business as usual, yes, it is vital. But add protection to this essential asset. Get business insurance from your trusted agency.

At Rick Case Insurance Agency, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (405) 722-5556. You can also request a free quote by CLICKING HERE.