What are the different types of business insurance and what type of business insurance do I need?
The type of business insurance you need is dependent upon what type of business you are operating. Below are the various types of insurance available. Consult with your insurance provider to determine just what insurance you need. Types of Insurance and Possible Coverage Property: Fire insurance to cover losses to goods and premises resulting from fire and lightning. Can extend coverage to include risks associated with explosion, riot, vehicle damage, windstorm hail, and smoke. Burglary and robbery to cover small losses for stolen property in cases of forced entry (burglary) or if force or threat of violence was involved (robbery). Business interruption will pay net profits and expenses when a business is shut down because of fire or other insured cause. Casualty: General liability covers the costs of defense and judgments obtained against the company resulting from bodily injury or property damage. This coverage can also be extended to cover product liability. Automobile liability is
