Business Insurance Guide
Business insurance protects your company from financial loss due to lawsuits, accidents, property damage, cyber attacks and employee claims. Whether you run a small online shop or a large company, protection is important.
Main Types of Coverage
- General Liability: injury, damages & legal claims.
- Property Insurance: building, equipment & inventory.
- Cyber Protection: IT attacks, hacking & data breaches.
Key Terms
- Claims: request for payment after a loss.
- Deductible: amount you pay before insurance pays.
- Premium: cost of the plan per month or year.
Small Business Plan
Liability + property.
Price: low
Standard Plan
Liability + property + cyber.
Price: medium
Corporate Shield
Full coverage + employer benefits & business interruption.
Price: high
Frequently Asked Questions
Is business insurance required by law?
Not all types are required, but liability and worker protection are commonly mandatory depending on your country or industry.
Who needs business insurance?
Any business with customers, equipment, or employees. Even online stores and small shops benefit from protection against lawsuits and damages.