Protecting your business is a full-time job. One method of protection is to acquire insurance. Listed below are the typical types of business insurance:
- General Liability Insurance. Your business’s safety net against unexpected mishaps and third-party claims.
- Property Insurance. Covers unforeseen events such as fire, hurricanes, tornadoes, and vandalism that damage your company’s real and/or personal property.
- Fidelity Insurance. Covers damage due to internal or external criminal acts including those committed by your business’ people.
- Worker’s Compensation Insurance. Provides replacement and medical benefits to employees who are injured in the course of employment.
- Director and Officer Liability Insurance. Provides protection for your leadership team.
- Cyber Insurance. Provides financial protection against potentially devastating costs of a cyberattack or data breach.
- Representation and Warranty Insurance. Provides financial protection for breaches of representations and warranties made in connection with business transactions.
- Commercial Auto and Non-Owned and Hired Coverage. Provides coverage for company-owned vehicle crash-related expenses and injuries.
- Tail Coverage. Provides coverage for claims made after a policy expires or a merger, acquisition or change is concluded.
- Umbrella Insurance. Provides additional liability coverage beyond the limits of other insurance policies.
- Additional Insured. Requires suppliers, consultants, and others to include your business on their required insurance policies.
- Indemnities. Requires contract commitments from suppliers, consultants, and others to defend and indemnify your business from claims or losses they cause.
The attorneys at Brooks, Tarulis & Tibble, LLC have substantial experience in advising and explaining various types of business insurance and representing insurers when claims arise. Please contact us if you have any questions or concerns.
