What is Business Insurance?

Generally speaking, business insurance can refer to any insurance intended to cover a business. This could be a policy designed to cover a business’s liability in the event of a negligence claim, or a policy covering a business’s assets. In many cases, Business Insurance can also refer to a specific policy designed to cover a business’s assets in the event they’re damaged by a storm, fire or other insured event – combined with other types of insurance (such as liability insurance and property insurance). This policy is commonly referred to as a Business Insurance Pack. This is however just one type of insurance – there are other policies such a Public Liability, Professional Indemnity and Cyber Insurance which are commonly considered by small businesses.