Business insurance tips

Opens perils coverage refers to a type of property insurance that covers damage to your possessions from all causes except those your policy specifically excludes.

Named perils coverage is a type of commercial property insurance that only protects you against losses your policy specifically lists.

These four methods can help you protect your small business and save money at the same time.

A proof of loss is a formal statement you must file with your insurer requesting benefits be paid to you after a covered incident.

Prior acts coverage is insurance protection for incidents that happened before you bought your existing claims-made insurance policy.

A named insured is a person or business entity listed on an insurance policy’s declarations page.

A loss payee is a person or organization listed on an insurance policy’s declarations page that is entitled to receive claim payments before the policy owner due to a financial interest in the insured property.

An insurance adjuster is someone responsible for investigating and settling claims submitted to an insurer.