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Commercial Insurance, UNIT 8 - Coggle Diagram
Commercial Insurance
Changing Needs
Importance of preliminary information.
Insurance needs may change as the business grows.
Definition and Importance
Protects against potential loss from unforeseen circumstances.
Crucial investment for business owners.
Insurance for a business.
Risks of Not Having Insurance
Personal money and property at risk.
Loss of money and property.
Challenges in Securing Insurance
New Businesses: High risk due to lack of history.
High-Risk Companies: Companies with significant previous losses.
Finding insurance through non-standard avenues.
Types of Commercial Insurance
Commercial Auto Insurance
Learning about different types of insurance.
Commercial Property Insurance
Coverage
Liability
Business Interruption
Property Damage
Employee Injuries
Theft
UNIT 8