Starting a small business can be very professionally and personally rewarding. However, operating a company of any size involves risk. Natural disasters, accidents, professional errors, and employee injuries are just some of the events that can occur at any time and threaten your livelihood and that of your employees. Small business insurance helps protect your company from financial loss when problems arise.
Cyber liability insurance—which biBERK sells conveniently as an add-on to a general liability, professional liability, or business owners policy (BOP)—protects your business from the financial repercussions of a cyberattack if someone steals sensitive information and commits fraud, or there is reason to believe that they might.
A business owners policy (BOP), which is also called property and liability insurance, is a policy that combines property insurance and liability insurance. It’s a streamlined approach to small business insurance that makes it easy for owners to protect their companies and property.
Why is the independent contractor vs. employee distinction important when it comes to workers’ compensation insurance? Worker classification matters is because with very few exceptions, employers are required to provide workers’ compensation coverage for their employees. Independent contractors are another story.
If you’re injured at work, probably one of the first things that comes to mind is, "Does health insurance cover work-related injuries?" While health insurance plans vary, typically, they don’t cover injuries that occur at work. However, the medical bills and other costs associated with on-the-job injuries and illnesses can be covered by a workers’ compensation policy.
Businesses will sometimes indicate they are “insured and bonded,” meaning they have taken steps to secure financial protection for themselves and their clients. But what is being bonded and insured exactly? And does it matter if a business is bonded and insured?
Commercial auto insurance is vital for every business that owns vehicles and uses them for work purposes. Unfortunately, an accident can occur at any time, so you need to have proper coverage in place.
A business owners policy or BOP (also called property & liability insurance) conveniently combines general liability insurance and commercial property insurance.
General liability insurance provides protection from many common business risks, from customer property damage and non-employee injuries, to libel, slander, and copyright infringement. Without it, you may find yourself with a large financial burden when something unexpected happens.
Workers’ compensation insurance—also called workers’ comp insurance and workman’s comp insurance—is crucial coverage for every company that has employees. In most cases, it’s required by law.
We want you to make well-informed decisions about your insurance needs. Learn from answers to the questions most frequently asked by business owners.
