What is Supplemental Insurance?
Posted by: bryan in Untagged on
Dec 7, 2009
Supplemental insurance are additional insurance policies you can purchase beyond types of basic insurance that provide specific coverage for a variety of business situations.
As your business changes, consider the following supplemental insurance types:
- Vehicle or fleet insurance - this is usually needed if you have purchased vehicles for use in business operations.
- Directors and officers insurance- this is a good idea if your business has grown and protects the personal assets of a businesses officers and board of directors from lawsuits.
- Crime insurance- this type of insurance covers business losses resulting from employee theft, forgery, embezzlement, blackmail,etc.
- Product liability- usually advised if you are in the business of making complex or potentially harmful products.
