Insurance pools funds from premiums paid by policyholders. If a covered loss occurs, the insurer compensates the policyholder from this pool.

Business insurance protects against risks like lawsuits, property damage, or theft. Without it, unexpected costs could impact your business’s stability.

As soon as your business starts making sales, insurance is essential. It protects against property damage, liability claims, and more. Hiring employees also requires workers' compensation coverage by law.

Yes. Homeowners policies don’t cover most business risks. Business insurance can protect against damages, theft, and liability, even for home-based businesses.

Car insurance rates are based on risk factors like driving habits, vehicle value, age, and location. Higher risk factors can lead to higher premiums.

Car insurance mainly covers vehicle damage and may include medical coverage for passengers. Review your policy to understand what’s included.

Home insurance typically doesn’t cover high-value items, pests, wear and tear, or mold. Additional coverage may be needed for these exclusions.