• When starting a business, integrating a complete business insurance strategy can protect a company's assets against possible losses. There are different types of insurance policies designed to protect the assets of a business, including property insurance, liability insurance. fidelity insurance, workers' compensation and business interruption insurance. Business owners typically evaluate any potential financial risks to the company before purchasing a comprehensive business insurance policy.
  
  

Property Insurance

• Property insurance provides coverage for damages to commercial buildings resulting from fires, vandalism, water damage or theft. The ownership of the property constitutes the insurable interest. Therefore, the insured can receive the replacement value of the damaged building structure and equipment.
  
  

Liability Insurance

• Commercial liability policies provide coverage to the business against third party claims. For instance, businesses can be sued for accidents that occur on the property, malpractice and defective products. Moreover, damages caused by employees and agents of the company can bring about third party lawsuits against the company. Many businesses typically combine property and liability insurance into one policy.
  
  

Fidelity Insurance

• Fidelity insurance protects the business against losses caused by employee crimes, such as embezzlement, forgery, computer fraud, counterfeit and wire transfer fraud. These employee crimes can cause losses to the business revenue, especially when the employees work closely with the business financial accounts and securities.
  
  

Business Interruption Insurance

• When an event occurs that stops or slows down the business operations, such as equipment malfunctions or natural disasters, the business interruption insurance replaces business expenses while the equipment or business structure is being repaired.
  
  

Disability Insurance

• Disability insurance policies provide protection to the business owner in the event of an injury or illness to a skilled employee. When the disability inhibits a valuable employee from performing the necessary work to continue operating the business effectively, the disability insurance can help the company prevent financial losses. Moreover, disability insurance policies provide financial assistance to the insured for a certain period of time.
  
  

Workers' Compensation Insurance

• Workers' compensation benefits are a certain type of insurance provided to employees in the event of a work-related injury. The insurance can provide medical care, rehabilitation and wage payments. The coverage amount depends on the amount of the wages and the hours worked. All businesses with employees are required to register for workers' compensation insurance. Private companies in most states offer workers' compensation packages under the guidelines of state workers' compensation statutes.