Helpful Small Business Insurance Terms and Definitions
General Liability Insurance
Professional Liability Insurance
Errors and Omissions Insurance
Cyber Liability / Data Breach Insurance
Workers' Compensation Insurance
Business Owner’s Policy
Data Breach Insurance
Certificate of Liability Insurance
Additional Insurance Offerings
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Certificate of Liability insurance
The process that an insurance provider uses to assess and evaluate the risks of potential insurance buyers.
Insurance providers use underwriting to decide whether they will or will not insure you. If the insurer accepted you (and your risk) as a client, they will then use underwriting to figure out which types of coverage you need and how much you should pay for the protection.
After this information is determined, the insurance provider will pass it along to you in the form of an insurance quote.
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