When you are a business owner you know that business insurance is something you absolutely need. Sometimes it may be helpful to know what the most common types of claims are. Knowing the most common types of claims can also be of interest to those who are starting a new business, or plan to start a new business.
There are three basic categories that common business claims fall into.
Public and product liability claims resulting from accidents. Accidents can cause damage as well as injury. Having insurance may also cover your business for liability to a third party.
Burglary and theft is another common claim. As a consequence of theft you may lose contents and stock items as well as sustaining some damage to your business premises.
Fire and perils is the third most common category of claim. Fire caused by accident or faulty equipment can damage or completely destroy business.
This information is something to keep in mind when shopping for business insurance.

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