Commercial Insurance - coverage for self-employed and companies

Insurance Companies

As an employer, freelancer or independent contractors will need a special insurance protection in the form of products from the area of commercial insurance, including business insurance, business insurance or business insurance called. This can protect the Company's inventory, the employees and the managers. Insurable are quite different areas. Ultimately you must decide what types of commercial insurance your individual situation requires. In order to make a wise choice, it is advisable to consult an insurance expert. This may turn out by an individual analysis, which insurance you need.

Risk groups
In principle, we distinguish the four types of commercial insurance risks to the company and its management:

1. Risks of the entrepreneur:
• Illness
• Death
• Disability
• Accident

2. Injury of his own assets:
• Burglary
• Fire damage
• Water damage
• Operational Pause
• failure of the electronic office and data loss

3. Damage to third parties:
• Liability for breach of contract (eg failure of a product)
• liability for legal claims by outsiders (eg breach of a passer)
• Liability for faulty advice

4. Risks of employees:
• Illness
• Death
• Disability
• Accident
• Pensions

Insurance companies - the types of commercial insurance are required?
Some forms of business insurance are important for any business, others only under certain conditions. In this context, there are three risk levels:

1. the lower level of the insurance companies - the existential risks
2. the middle tier - the risks that can lead to severe financial losses
3. the upper level - smaller risks even in the worst case, not severe

First, it is of course to cover the essential risks with a business insurance. These are risks that threaten the survival of your business. Every business needs to be personal risk of illness or accident, are unable to work, absolutely secure. Insurance is also essential for many professions statutory protections, the condition for the respective business activities are: public liability, professional liability and property damage liability insurance.

Then you should be concerned with the middle tier. This includes all risks of a severe economic burden, bringing to your company's survival at risk. These may include burglary, water, storm and fire damage are. If your budget allows, you should insure with a company insurance for these risks.

In the last step, it is recommended to consider before completing a business insurance, the third level. This category include those glass damage, although unsightly, but financially little threat. Such small risks, you should therefore take into account only when you change to secure the first and second level or as deemed appropriate. It is also to take into account that each business has unique risks and therefore need different types of commercial insurance. If your operation is located, for example, in a fully glazed building, then the glass insurance certainly makes sense.

These and other forms of commercial insurance are usually very complex and require extensive and competent advice. So take advantage of the free consultation with a business insurance experts and view a wide range of options using put together a professional liability compared the right offer.