The Most Common Inclusions To Business Insurance Policies

term compensation payments.

Errors and omissions.

This protects businesses from any instances of professional negligence. This could be failing to issue a guarantee policy with a product or external factors such as orders from suppliers falling through after payment has been made.

Business automobile.

Most company vehicles can be insured in the same way as private motor insurance is conducted. The purpose of gaining this policy inclusion is to obtain protection from claims either from staff members that have been injured in a work vehicle or the claims of anyone who may have been injured by a work vehicle. In addition, this inclusiion can cover vehicles from theft and accidents.

Marine.

This inclusion does not refer to boats but instead covers goods in transit by a number of different transportation methods. This can be extremely important if a company regularly ships valuable goods around the world.

Umbrella.

This is not the protection of rain equipment but refers to a form of cover that protects a wide variety of liability claims that are outside of the normal parameters of the general liability policy. This form of cover is usually advisable if your business conducts operations that could be considered extraordinary.

Business interruption.

This can protect a business should a period of shutdown