Growing a business
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We’ve compiled the most frequently asked questions to help you compare policies and decide which insurance is right for your small business.
An independent contractor is self-employed and provides services to other businesses and the general public. Some independent contractors prefer the title of freelancer, which is often used by those in creative fields.
A startup is a small business founded by one or more individuals to develop new products or services. They’re often categorized as innovative or disruptive businesses.
A limited liability company (LLC) can be formed by a small business owner to separate their legal and financial liabilities from those of their business, providing a degree of protection.
Risk management is the process of identifying and managing threats so that your small business can continue without unexpected disruptions.
A sole proprietorship is a business owned by one person who is responsible for all of the business’s debts, taxes, and legal liabilities.
In an insurance policy, an additional insured refers to anyone other than the policyholder who is covered by an insurance policy. Coverage might be limited to a single event or it could last for the policy's lifetime.
A disaster recovery plan is a set of procedures and steps to protect businesses and aid in recovery after a natural or man-made disaster.
An S corp is a type of small business corporation that allows shareholders to report its income and losses on their personal tax returns at their individual income tax rates, while also limiting their liability.
A small business is a privately owned corporation, partnership, or sole proprietorship. Many small businesses have fewer than 20 employees. At the top end, a “small business” may have up to 1,500 employees depending on its industry.
Business liability insurance is any type of small business insurance that protects against accusations that your business caused damages, injuries, or losses.