Aug 17
9
A Business Insurance Update
We don’t expect you to be experts in business insurance, but we thought it might be fun to test you on what you do know about your business insurance. Business insurance is designed to cover unexpected losses. We can offer a wide range of business insurance options, so please call our office today.
Business Insurance Quiz (answers at the end)
- Your deductible is the amount you are responsible for if a covered loss occurs.
True False
- Flood and earthquake coverage are always part of your business property coverage.
Ture False
- Cyber Insurance is protection against losses caused by hackers from businesses dealing strictly in e-commerce, but it does not exist.
True False
- Business Interruption covers your lost income no matter what kind of loss closes your business.
True False
- My employees are prohibited from suing me, as this would be a workers’ compensation claim.
True False
Christian Ministries Insurance is committed to providing sound advice and insurance products to churches, universities, Bible colleges, private schools, camps, mission organizations and other 501c3 and related ministries.
What Christian Ministries Insurance can do for You
Christian Ministries Insurance will provide sound advice, training and insurance programs designed specifically for your ministry. We provide much of our unique risk management consulting services at no additional cost.
Answers
- True-
- False- You need to add this coverage under a separate policy
- False- Cyber insurance can be purchase by all business
- False- Business interruption only applies to covered losses under the policy
- False- Your employees have rights under federal and state laws to sue you if they feel they have been wronged. You would need employment practices liability insurance in order to protect you and your business from employee lawsuits.
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