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Of all the different types of life insurance, Term life insurance is the simplest and typically the most affordable. Its designed to help ease financial burdens on your loved ones and help them cover everything from groceries to the mortgage. Its called Term life insurance because it lasts a set amount of time.
0:16 2:01 First whats an LLC. Its a limited liability company it separates your business assets fromMoreFirst whats an LLC. Its a limited liability company it separates your business assets from personal ones this structure provides legal protection. But is it a must for insurance.
Basic form insurance is the most limited type of commercial property insurance coverage. It typically covers damage or loss caused by specific perils, such as fire, lightning, windstorm, hail, explosion, and vandalism.
Commercial Automobile, Commercial General Liability, Commercial Umbrella, and Workers Compensation are the most common business casualty insurance lines.
Commercial General Liability (CGL) is the standard commercial liability policy used to insure businesses. There are three primary coverage sections that make up a CGL policy: premises liability, products liability and completed operations.
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Most businesses need general liability insurance, and your states laws may require workers compensation insurance and commercial auto insurance. But you may need other types of coverage depending on what your business does, where it operates, what kinds of assets you have and other factors.
The most common policy for small businesses is the Businessowners Policy (BOP). The BOP combines coverage for all major property and liability insurance risks as well as many additional coverages into one package policy suitable for most small businesses.
Average Cost While a $1 million policy might cost around $1,000 annually, a $5 million policy can range from $2,000 to $2,500 per year. This increase reflects the higher level of protection offered by the policy.

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