Definitions for "Business Insurance"
partnership insurance; corporation insurance Insurance concerned primarily with the coverage of an insured's business or vocation. Business insurance protects a business against the loss of its "valuable lives" or key people, stabilizes the business through the establishment of better credit relations, and can provide a practical plan for the retirement of business interests in the event of the death of one of the owners.
Policies written for business purposes, such as key employee, buy-sell, business loan protection, etc.
In life and/or health insurance, coverage concerned primarily with the protection of an insured's business or vocation. Business insurance protects a business against the loss of its key executives and/or key employees; stabilizes the business through the establishment of better credit relations; and provides a practical plan for the retirement of business interests in the event of the death of one of the owners.
Keywords:  commercial, lines, see
See Commercial lines