Business Insurance (For-Profit and Nonprofit)

Whether for-profit or nonprofit, organizations should have certain kinds of insurance. Liability insurance is highly recommended for property and automobiles. Worker's Compensation Insurance is state-required when you have employees. Part of the decision about what insurance to buy depends on the nature of the business. For example, if it has a lot of assets, it might consider theft and property damage insurance. You may want life insurance on you and other critical personnel in your organization. You also may want to consider various other forms of insurance, for example, Directors and Officers (if you have a Board of Directors) or business interruption.

Sections of This Topic Include

Basics -- Types of Insurance and What They Cover
Buying Insurance

Additional Information for Nonprofits
Reference Materials
General Resources

Also see
Related Library Topics
Crisis Management: What to do once a crisis already has occurred
Risk Management: Guarding against theft, disasters, and about security systems, etc.
Safety in the Workplace: About types of workplace injuries, programs to reduce accidents, etc.

Also See the Library's Blogs Related to Business Insurance

In addition to the articles on this current page, see the following blogs which have posts related to Business Insurance. Scan down the blog's page to see various posts. Also see the section "Recent Blog Posts" in the sidebar of the blog or click on "next" near the bottom of a post in the blog.

Library's Business Ethics Blog
Library's Crisis Management Blog


Basics: Types of Insurance to Consider and What They Cover

Insurance
Understanding the Types of Insurance
Getting Advice from the Small Business Administration
Small Business Insurance

Buying Insurance

Determining Your Insurance Needs
15 Things You Need to Know About Insurance
How to Properly Insure Your Business and Employees

Property Insurance

Also see Intellectual Property (patents, trademarks, copyrights)
Also see Property Insurance Law Property Insurance

Automobile Insurance

Automobile Insurance
Auto Insurance Information
Auto Insurance Checklist (includes liability)

Worker's Compensation Insurance

Worker's Compensation Insurance
Do I Need Worker's Compensation Insurance?
Worker's Compensation FAQ

Life Insurance

Life Insurance Checklist Life Insurance (definition)
Top Things to Know About Life Insurance

Additional Information for Nonprofits

Basic Overview of Liability Insurance (including Directors and Officers Insurance)
Nonprofits' Insurance Alliance of California
Nonprofit Risk Management Center (extensive information about nonprofit risk)
First Nonprofit Mutual Insurance Company

D&O Insurance (typically considered by nonprofits for their boards)

D & O Coverage Has Become A Necessity
D & O Insurance Explained

Reference Materials

Dictionary of Insurance Terms
Coverage Descriptions
Business Insurance page at Business.gov
Tax Terms Glossary -- Teogatha Law

General Resources

Welcome to Insurance Information Institute
Life Insurance, Health Insurance, Term Life Insurance, and Annuities from QuickQuote
Risk Insurance and Management Society
Unemployment Insurance
Life Insurance
Insurance Glossary


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