Insurance Considerations for Business

Cite this article as:"Insurance Considerations for Business," in The Business Professor, updated July 7, 2014, last accessed October 29, 2020,
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Insurance Consideration when Starting a Business
This video explains the primary Insurance Consideration when Starting a Business

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Business Insurance Considerations

Below is a list of types of business insurance. Business owners must be aware of each of these types of insurance and do a cost/benefit analysis for acquiring each type.

Business Owner’s Policy

Coverage for Property Loss

Protection from Liability

Business Continuation (Interruption) Insurance

Product Liability Insurance

Malpractice Insurance

Vehicle Insurance

Worker’s Compensation Insurance

Unemployment Insurance

Employment Practice Liability Insurance

Director and Officer Liability Insurance

Disability Insurance

Life Insurance

Health Insurance

Employee Fidelity Bonds

Performance Bonds (Contractor’s Performance)

Payment Bonds (Pay Sub-Contractors)

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