Back to Encyclopedia

Insurance

Auto Insurance

Definition: A contract for an automobile in which one party agrees to pay foranother party's financial loss resulting from a specified event(for example, a collision, theft or storm damage)
Read More

Health Insurance

Definition: A policy that will pay specified sums for medical expenses or treatments. Health policies can offer many options and vary in their approaches to coverage.
Read More

Bonding

Definition: A guarantee of performance required, either by law or consumer demand, for many businesses, most typically general contractors, temporary personnel agencies, janitorial companies and businesses with government contracts
Read More

Business Interruption Insurance

Definition: Insurance coverage that protects a business in the event of natural disaster, fire or other extenuating circumstances that affects the ability of your company to conduct business
Read More

Insurance

Definition: Protection against loss for which you pay a certain sum periodically in exchange for a guarantee that you'll be compensated under stipulated conditions for any specified loss by fire, accident, death, etc
Read More

Key Person Insurance

Definition: Life insurance on a key employee, partner or proprietor on whom the continued successful operation of a business depends. The business is the beneficiary under the policy.
Read More

Liability Insurance

Definition: Insurance coverage that protects against claims against the insurance holder of property damage, personal injury, negligence and so on
Read More

Life Insurance

Definition: An agreement that guarantees the payment of a stated amount of monetary benefits upon the death of the insured
Read More

Property Insurance

Definition: Insurance that protects the physical property and equipment of a business against loss from theft, fire or other perils; all-risk coverage covers against all risks; named-peril coverage covers only against specific perils named in the policy.
Read More

Unemployment Insurance

Definition: A federal program whereby eligible unemployed persons receive cash benefits for a specified period of time. These benefits are paid out of funds derived from employer, employee and government contributions.
Read More

Risk Management

Definition: Decisions to accept exposure or reduce vulnerabilities by either mitigating the risks or applying cost effective controls
Read More

Special Coverage Insurance

Definition: An insurance policy expressly designed to offer a guarantee of protection in the event of specific circumstances
Read More

Workers' Compensation Insurance

Definition: Insurance that covers medical and rehabilitation costs and lost wages for employees injured at work; required by law in all states
Read More

Popular Articles

Public Speaking

How to Become a Paid Public Speaker, According to VaynerSpeakers CEO Zach Nadler

In our Entrepreneur Insider Video of the Week, the head of Gary Vaynerchuk's speaking bureau explains how to build your speaking business.
Sports

Ascending Brands Stance and Donovan Mitchell Combine Forces in Salt Lake City

How relationships create a winning collaboration between two of the NBA's best brands.
Growth Strategies

3 Common Mistakes That Can Wipe Out Your Online Course's Profits

Don't panic. We'll also show you how to fix them.

Can You Major In Marijuana?

Schools around the country are creating courses and degree programs to meet the growing need for experts in the marijuana industry.