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An Overview of Business Insurance Categories
Business insurance is a broad description that can be broken down into a list of nine types of insurance policies and here I will briefly explain the coverage and expand on these as individual topics. For now, these are general descriptions so that we are talking about the same thing when I use these terms in later articles.
Property Insurance
Property insurance insures against loss or damage to the location of the business and its contents. It can also insure the property of others in your control when the loss occurs. Property insurance can be for a specific risk. For example, a fire insurance policy insures only against a fire loss to the location. A tornado is not a fire and, therefore, that loss would not be covered. The insured location can be owned, leased or rented. |
The President's Proposed Financial Services Regulatory Overhaul
The Associated Press is reporting that it has a copy of President Bush's 22 page executive summary of the Bush administration's plan to overhaul the regulation of financial services in the United States. The report follows a similar report from the New York Times on Friday. The Times has posted a copy of the summary on its website this morning.
For fun, your intrepid Business Insurance Guide read through the proposal this morning while drinking his coffee.
The proposal, to be announced by Treasury Secretary Paulson on Monday, addresses all facets of the financial services industries. This includes insurance. The summary starts its discussion of insurance as follows.
read more..
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