https://padlet.com/dillonschneider/fjgm3jj431u1e86h A Break down of Business Insurance en-us 2020-11-30 23:08:37 UTC 2026-01-04 18:02:25 UTC hello@padlet.com dillonschneider https://padlet.com/dillonschneider/fjgm3jj431u1e86h/wish/973767196 Welcome to a over view of business insurance. Here we will discuss what business insurance is and how it works. By using websites, videos', and picture we will try and learn more about what business insurance is. ]]> 2020-11-30 23:13:14 UTC https://padlet.com/dillonschneider/fjgm3jj431u1e86h/wish/973767196 dillonschneider https://padlet.com/dillonschneider/fjgm3jj431u1e86h/wish/973777375 Following the link below it will take you to the Investopedia website. This website includes a great overview of what business insurance is. Business insurance is any different types of insurance a business would purchase to cover any liability's they may have. For example, most business have a building. Therefore because the business would want to protect there building if something happened to it the business would purchase insurance on it which would result in business insurance.
 
  The reason that I chose this article is it a great starting point for understanding what business insurance is. By giving a brief overview with different example it allows the reader to understand what
business insurance is.
 ]]> 2020-11-30 23:19:20 UTC https://padlet.com/dillonschneider/fjgm3jj431u1e86h/wish/973777375 dillonschneider https://padlet.com/dillonschneider/fjgm3jj431u1e86h/wish/973791058 Following the link below it will take you to a website all about the different types of business insurance for small businesses. There are many different kinds of business insurance all depending on what the certain business is looking for. Some of the more important and common ones are, commercial general liability which is the coverage off bodily and property damage. There is also cyber risk coverage that helps protect small business from falling victims to cyber attacks and losing large amounts of profits.

The reason that I chose this article is it has great examples of different small business insurance. I find this extremely helpful as many people may start small business and this could be some very useful information.    

]]> 2020-11-30 23:27:19 UTC https://padlet.com/dillonschneider/fjgm3jj431u1e86h/wish/973791058 dillonschneider https://padlet.com/dillonschneider/fjgm3jj431u1e86h/wish/973803147 Following the link below it will take to you to The Hartford website. This website dives deeper into what exactly each branch of insurance will cover for a business of any size. For example if your business is starting to grow and you now have employs, it may be helpful to purchase employee insurance. This will help by providing benefits and coverage for any accident that may occur to your employee while they are at work. Not only will this help the employee it will also help the business as they may have to pay a lot less if an employee is injured. 

The reason I chose this article is the break down and assessment of the different types of insurances a business may need. By following the different outlines that are on the website a business could chose the insurance that best suits there needs.  ]]> 2020-11-30 23:34:12 UTC https://padlet.com/dillonschneider/fjgm3jj431u1e86h/wish/973803147 dillonschneider https://padlet.com/dillonschneider/fjgm3jj431u1e86h/wish/974040452 I chose this picture for a few reasons. First of all it shows all the different areas business insurance protects. It also shows all the hands that go into to making sure a business is properly insured. ]]> 2020-12-01 01:31:04 UTC https://padlet.com/dillonschneider/fjgm3jj431u1e86h/wish/974040452 dillonschneider https://padlet.com/dillonschneider/fjgm3jj431u1e86h/wish/974046083 I chose this picture as it shows how complex business insurance can be. For a company as simple as a local landscaping company there is a lot of behind the scene business insurance that goes into protecting a company. ]]> 2020-12-01 01:33:44 UTC https://padlet.com/dillonschneider/fjgm3jj431u1e86h/wish/974046083 dillonschneider https://padlet.com/dillonschneider/fjgm3jj431u1e86h/wish/974085074 Following the link below it  will take you to another Hartford website. This is a much more detailed break down of all different types of insurance focused also on larger companies. A good example of this is the discussion of multinational insurance. This covers the importance of making sure as your company grows so does your insurance coverage. Also included within the website is what insurance may not cover such as natural disasters. 

The reason I chose this article is due to the great detail it goes into for each type of insurance that a large company may need. It also looks at detailing what might not be covered within a insurance plan and how to over come those uncovered areas with different policies.  ]]> 2020-12-01 01:51:53 UTC https://padlet.com/dillonschneider/fjgm3jj431u1e86h/wish/974085074 dillonschneider https://padlet.com/dillonschneider/fjgm3jj431u1e86h/wish/974090592 The following video is actually an ad for a small business insurance company. The companies name is Hiscox Small Business Insurance. The video is very informative on why a small business would want to obtain insurance. When dealing with the general public you never know who exactly you are dealing with. For that reason, you must always prepare yourself for the worst.

I found the video useful in more then one way. For starters the company has real world experience with small business insurance and can provide the best detail on what exactly the policy would need to cover. Secondly because it is a company it supplies a starting point for those looking to maybe buy some small business insurance. ]]> 2020-12-01 01:54:37 UTC https://padlet.com/dillonschneider/fjgm3jj431u1e86h/wish/974090592 dillonschneider https://padlet.com/dillonschneider/fjgm3jj431u1e86h/wish/974091744 The following video provides an insight to exactly why a business would want to invest into having insurance. The video continues to explain that since issue revolving around insurance is typically liability issues, any failure to properly protect can result in law suits and charges more then the business can pay resulting in bankruptcy. The video then continues to explain how insurance is a precaution taken by business. It does not mean no damage will occur but all damaged good, services, and employees will be taken care of. 

I found the video very useful as it goes into detail on why you should have insurance in the first place. Insurance will never mean that your business is safe from anything bad happening to it. But rather you take proper precaution to assure yourself that when something does happen you are protected from it. ]]> 2020-12-01 01:55:11 UTC https://padlet.com/dillonschneider/fjgm3jj431u1e86h/wish/974091744 dillonschneider https://padlet.com/dillonschneider/fjgm3jj431u1e86h/wish/974301905 The following video is a great reason on real life experience. It is a quick interview conducted with a small business owner. During the video three different incidents are spoken about and we can then see how insurance would help in all situations. The first incident was a fire in the wood shop. Fires will destroy buildings there fore it is good to have protection against fires. Second was a personal accident. You never know when an accident might happen. Therefore being protected by insurance is always a good thing. Lastly a flood happened. Again this is a random and unpredictable event that insurance will help cover. 

I think this video shows just how valuable insurance really is. Each of the examples that were given in the video could of resulted in closure and failure of the business if the owner had failed to properly insure themselves and the business. ]]> 2020-12-01 03:54:52 UTC https://padlet.com/dillonschneider/fjgm3jj431u1e86h/wish/974301905 dillonschneider https://padlet.com/dillonschneider/fjgm3jj431u1e86h/wish/974302019 The following video is a excellent example of just how important it is for any small business to have insurance. The video explores how even with a home office it is still necessary to have insurance. Because home and auto insurance do not always cover for a home business it is important to protect your business as well as your home. The video goes on to explain incident that may occur at home that would be unprotected happening to a home office. Fire, harm to yourself or costumer, robbery, and auto are all examples of things that could affect ones home and home office but no be covered due to it being a business. 

This video very much amplifies the necessity to make sure that everything that is liable is covered even if you are a small company working out of your own home. Due to the fact that anything can happen any time you do not want to hope your home insurance covers it but rather know that your business insurance will. ]]> 2020-12-01 03:54:58 UTC https://padlet.com/dillonschneider/fjgm3jj431u1e86h/wish/974302019 dillonschneider https://padlet.com/dillonschneider/fjgm3jj431u1e86h/wish/974324871 1. What did you learn about your topic that surprised you the most?
I learned just how useful business insurance can be. Work place incidents happen all the time weather it be a lawsuit against you, damaged property or goods, or harm to an employee. It is absolutely curtail to have insurance to make sure that your business does not suffer due to an unseen event.

2. Provide a real-life example of how this topic is relevant or interesting
for you.
The information that I learned here is useful in more then one way. For starters my family has a very small business and yet we have insurance. It is useful to know what kinds of insurance are out there to make sure we have all the types we need. Also if I were to ever want to start my own business I would now know the needed insurance to do so.

3. If you could pass on your knowledge to a family member or friend, what
do you think is the most important thing to pass on?
I think the most important knowledge to pass on when it comes to business insurance is just get it. Incidents happen at any given moment at any given time. It is a lot better to be protected then to no be. ]]> 2020-12-01 04:12:09 UTC https://padlet.com/dillonschneider/fjgm3jj431u1e86h/wish/974324871