Business Insurance glossary
Plain-language definitions of common business insurance terms.
- Business interruption
- Replaces lost income when a covered event halts your operations.
- Business owner's policy (BOP)
- A bundle of general liability and commercial property for small businesses.
- Certificate of insurance
- A document proving you carry coverage, often required by clients or landlords.
- Commercial property
- Covers your building, equipment, and inventory against covered losses.
- Cyber liability
- Covers costs from data breaches, ransomware, and related claims.
- General liability
- Covers third-party bodily injury and property damage claims against your business.
- Professional liability (E&O)
- Covers claims that your professional advice or service caused a client harm.
- Workers compensation
- Covers medical costs and lost wages for employees injured on the job.