What types of insurance are available to businesses?

Businesses in Idaho can choose from a variety of insurance types. The most common forms of insurance that businesses in the state purchase include property insurance, liability insurance, workers’ compensation insurance, and commercial auto insurance. Property insurance covers physical property like buildings, machinery, and equipment in the event that it is damaged or destroyed. Liability insurance covers the costs associated with lawsuits that are brought against the business and can include bodily injury, medical costs, and property damage. Workers’ compensation insurance provides benefits for employees if they are injured or become ill while on the job. Commercial auto insurance provides coverage for a business’ vehicles in the event of an accident, theft, or other damage. Businesses in Idaho may also consider insuring their business against specific risks, such as earthquakes, floods, or cyber threats. In addition, many businesses in Idaho opt for business interruption insurance, which compensates them for lost income if their business operations are disrupted due to an unforeseen incident or event.

Related FAQs

What is the role of an insurance actuary?
What is the difference between an insurance adjuster and an insurance investigator?
How do I dispute an insurance claim denial?
What is the process for making a claim on an insurance policy?
What are the legal requirements of an insurance policy?
What is the process for filing an insurance claim?
What types of insurance are available to businesses?
What is the role of an insurance expert witness?
What is the difference between public and private insurance?
What is the difference between an insurance policy and a bond?

What types of insurance are available to businesses?

Related FAQs

Related Blog Posts