What Is Business Liability Insurance?

Business liability insurance is a type of insurance that provides the company protection against injury and damage claims. Coverage typically covers claims caused by a company’s staff, the organization’s products or services, or unforeseen circumstances due to weather, mold, or other cataclysms. Business liability insurance is advantageous to small or large business owners by protecting their assets in the case of a business-related lawsuit or third-party claim. In addition, policies generally cover legal defences, as well as claims of false or misleading adverts or copyright infringement. Business liability insurance is separated into three main types: General liability insurance, product liability insurance, professional liability insurance.

What Does Business Health Insurance Cover?

Many businesses opt to take care of their staff by offering employer-supplied insurance. Business health insurance, also known as employer-sponsored health insurance, is insurance provided by the employer that covers the health care costs of employees and their dependents and spouses. Premiums for business health insurance are often shared by both the employer and employee, creating an advantage for families hoping to save money on health insurance costs. Businesses gain in that health care coverage for staff creates a competitive edge for the organization. Similar to traditional insurance, business health insurance can cover an array of services and medical treatments with the typical add-ons and extras. However, coverage plans are generally decided by the employer, which may or may not fit the needs of each staff member. Still have questions?

Business Insurance

Protect yourself, your employees and your investment

Tenzing offers a range of insurance solutions to protect against some of the most common financial risks business owners face:

Key Person Insurance

Protects the company from the consequences of losing an employee who is critical to its success

Cybersecurity Insurance

Provides protection for the risks associated with doing business online, primarily data breaches

Professional Indemnity (errors and omissions)

Covers the business against claims of negligent services or advice that caused client losses or damages

Directors and Officers

Protects directors and officers of a company against the costs associated with claims that they made errors or neglected key details in the course of their duties