Business insurance tips
Small business owners can typically deduct the cost of business insurance from their taxable income.
A proof of loss is a formal statement you must file with your insurer requesting benefits be paid to you after a covered incident.
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.
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.
Prior acts coverage is insurance protection for incidents that happened before you bought your existing claims-made insurance policy.
An insurance adjuster is someone responsible for investigating and settling claims submitted to an insurer.
Named perils coverage is a type of commercial property insurance that only protects you against losses your policy specifically lists.
