| There is no denying the fact that | | | | business insurance. |
| success of a business depends on the | | | | Protection Against Flood Damage |
| hard work of the team but one disaster | | | | If your office is in the flood zone |
| can wipe out your efforts and bring down | | | | area, you must definitely go for a |
| the profits to dust. So, to avoid such | | | | policy, which provide coverage against |
| an instance, you need to insure your | | | | flood. Try to find out whether the place |
| business, whether it is a small | | | | had been hit by flood in the past. Make |
| enterprise or a large corporation. | | | | sure you do something in advance to make |
| There are insurance companies, which | | | | up for the loss. Otherwise you may face |
| have policies that combine protection | | | | trouble. |
| for all major property and liability | | | | Protection Against Earthquake Damage |
| risks in one package. You can also opt | | | | Earthquake is also not included in most |
| for separate coverage. Such a policy is | | | | property insurance policies such as |
| called a business owners’ policy | | | | homeowners and business owners’ |
| (BOP). Larger companies may purchase a | | | | package policies. Special Earthquake |
| commercial package policy. | | | | Insurance Policy or Commercial Property |
| BOPs include property insurance for | | | | Earthquake Endorsement can cover you if |
| buildings and equipments owned by the | | | | you live in an earthquake-prone area. |
| company. If there is any loss of income | | | | However, earthquake policies have |
| due to disruption of operation and | | | | different deductibles. |
| business because of accidents like fire, | | | | Business Interruption Insurance, which |
| it can be covered under the Business | | | | reimburses you for the lost income |
| Interruption Insurance. | | | | during a shutdown, applies only to the |
| There are liabilities, which cover the | | | | damage covered under your business |
| company's legal responsibility for the | | | | property insurance policy. There |
| harm it may cause to others. It is the | | | | won’t be reimbursement for the |
| result of your company’s failure | | | | loss caused due to the closure of |
| to do the business operations. It can | | | | business because of the earthquake. For |
| also be the bodily injury or property | | | | it, you must have an earthquake coverage |
| damage caused due to defective products, | | | | policy. |
| faulty installations and errors in | | | | Protection Against Terrorist Attack |
| services provided. | | | | Losses |
| However, BOPs don’t cover | | | | In the US, loss due to any terrorism is |
| professional liability, auto insurance, | | | | covered only for those businesses that |
| worker’s compensation or health | | | | have optional terrorism coverage. It |
| and disability insurance. Separate | | | | comes under the Terrorism Risk Insurance |
| policies are needed for professional | | | | Act 2002. Still, there are exceptions in |
| services, vehicles and employees. | | | | workers’ compensation, which |
| Generally, floods, earthquakes and | | | | include injuries and deaths due to acts |
| terrorist attacks are not covered in the | | | | of terrorism. |