Business Basics

Pharmaceutical wholesalers purchase medications directly from manufacturers and then sell the medications to pharmacies.

To boost sales and brand awareness, you should consider expanding your distribution channels. Learn more about your options.

If your business has employees, nearly every state requires you to have workers' compensation insurance. Learn about what it covers and how much it costs.

This guide describes how receiving workers' compensation affects taxes.

A workers' comp settlement covers a number of costs incurred when an employee is injured. Learn about the workers' comp settlement process.

Workers' compensation rates are affected by several factors. Learn what workers' compensation covers, and how to calculate rates and meet requirements.

This guide explains how workers' compensation exemptions work and to which employees these exemptions may apply.

Choosing insurance for your company or employees is important, and should not be done casually. Here’s what to consider when getting insurance.

Tail insurance is a policy endorsement that lets you file a claim after a policy's term ends. Learn how tail coverage can protect your business.

Surety bonds act as a legally enforceable guarantee that help small business owners secure third-party contracts. Learn how they work.

Subrogation lets an insurance company recover money for insurance claims from a third party. Learn how subrogation works in various insurance types.

Specialty insurance is necessary for items not covered by your ordinary homeowners or automobile insurance if you run a business in a certain industry.

You shouldn't cut corners when it comes to business insurance. Here are ways to reduce your insurance premiums without sacrificing coverage.

Insurance risk is the probability of an adverse event that causes an insurance claim. Learn how business insurance risk is assessed and how to lower it.

While standard business insurance policies protect your business, when extra coverage is needed, you'll obtain a rider. Learn how riders work.

Professional negligence is when an industry professional doesn't properly fulfill their duties, leading to damage or harm. Learn how to avoid lawsuits.

An insurance policy that service-related businesses need is professional liability insurance. Learn about what it covers and protects against.

Product liability insurance is needed for businesses that make, sell or distribute products. Learn about what it covers and how much it costs.

A business owner's policy is a packaged insurance policy that includes general liability coverage and property insurance coverage. Learn more here.

If you work in the medical industry, you need to understand malpractice insurance. Learn more about what it covers.

The loss payee has the first-in-line legal rights to an insurance claim payout. Here's what you need to know.

Business owners are vulnerable to lawsuits. Learn common lawsuit types, as well as how to handle a lawsuit, deal with insurance, and protect your company.

Your business needs intellectual property insurance if you hold patents or trademarks. Learn what intellectual property insurance covers.

A key component of an insurance policy is restitution for those who have a claim against you. Here's how indemnity insurance provides that.

A hold harmless agreement releases a party from the consequences of another's actions. Learn how and when to use a hold harmless agreement in business.

General liability insurance is a policy your business should have. Here is what it protects against.

Fiduciary liability insurance protects a business from claims that a benefits plan was mismanaged. Learn what fiduciary liability insurance covers.

This guide explains which insurance costs are deductible from small businesses' tax bills.

Excess liability insurance is extra coverage that kicks in once an underlying policy hits its limits. Learn how it works and what it covers.

Errors and omissions insurance guards your business against lawsuits brought by dissatisfied customers.