My Queue

Your Queue is empty

Click on the next to articles to add them to your Queue

Small Business Encyclopedia

Encyclopedia Search

Category: 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)

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.

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

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

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

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.

Liability Insurance

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

Life Insurance

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

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.

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.

Risk Management

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

Special Coverage Insurance

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

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

Free Business Tools

Latest Articles

worth-knowing

Why Only You Have the Power to Shape Your Life

It's time to take responsibility for everything in your life.
Sales

7 Tips for Getting More Sales Meetings With Prospects

Establish yourself as an expert, and consumers will follow.
worth-knowing

10 Simple Things Successful People Do Every Morning (Infographic)

You don't have to be a morning person to start your day off right.
Sales

The Art of Covert Selling as a Public Speaker

Five strategies you can use to sell your product without pushing for a sale.
Sales Strategies

To Be a Better Salesperson Be a Nicer Person

People buy from people they like, and nobody likes anybody who isn't nice.
Infographics

What Type of Side Hustle Should You Try? (Infographic)

A side gig is a great way to bring in some extra cash.
Franchisors

3 Core Strategies For Building Successful Franchise Organizations

How to attract potential franchisees to invest in your business.
Manufacturing

3 Trends Driving Modern Manufacturing Innovation

Imagine being able to make critical product decisions about material selection, scheduling and pricing, all in one place. That's what a "smart factory" can do for you.
Inspirational Quotes

9 Powerful Tony Robbins Quotes That Will Redefine Your Quest for Success

Check out the fire walker's words of wisdom to help you realize your potential, both in the office and throughout your life.
B2B Sales

How You Can Stay Human in a World of Digital Selling

By living the day-to-day life of your clients, you can glean insights that are impossible to see from your side of the aisle.
Team Work

5 Things Professionals Should Do to Reduce Their Screen-Related Risk of ADHD and Dementia

Both ailments seem related for some of us to the excessive amount of "screen time" we're subjecting our brains to.
worth-knowing

How This Entrepreneur Won a Trademark Battle Against the Trump Organization

His victory is a reminder to always do your homework and fight for what you think is right.
More Articles

About Encyclopedia

No matter what business topic you're interested in, you'll find our category list is an easy way to navigate our small-business encyclopedia. From Accounting and Advertising to Location and Operations, every topic offers information on the terms that matter most. And if you can't find what you need here, our "Terms A - Z" list makes tracking down terms a snap.