Topic

Business insurance tips

Small business insurance

Small business owners can typically deduct the cost of business insurance from their taxable income.

Business insurance glossary

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

Business insurance glossary

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.

Business insurance glossary

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

Business insurance glossary

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.

Business insurance glossary

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

Business insurance glossary

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

Business insurance glossary

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

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