What is business insurance?
Risks and insurance needs vary from company to company, and the business insurance coverage should be tailored to suit the company.
The content of the insurance plan depends on the industry and scope of business operations. Some insurance policies, like Workers' Compensation and YEL pension insurance for self-employed, are mandatory, but otherwise the company can choose how it wants to insure its operations.
Liability insurance
Liability insurance is one of the primary insurance policies, which most companies need. Liability insurance provides financial and legal security in the situation your company's product or operation causes damage to someone else, and your company is found liable for compensation.
Read more about business liability insurance.
Person insurance
Personnel is one of the company's most important assets, but at the same time it is also its most vulnerable asset. This makes insuring employees particularly important.
Person insurance helps secure your company financially in the case of accident, illness, or death. With the health insurance policy, your personnel have quick access to appropriate medical care.
Read more about person insurance.
Property and business interruption insurance
Companies typically obtain property insurance for company-owned machinery, equipment, and goods.
In conjunction with the property insurance policy, it is good to also have business interruption insurance. The interruption insurance, also known as loss of profit insurance, protects your company financially in the event the business operation is suddenly interrupted.
Read more about business property insurance.
Company insurance is often grouped by type:
- Person insurance (or insurance of the person)
- Vehicle insurance
- Liability insurance
- Property insurance
- Real estate insurance
In addition to these, companies have, for example, transport and marine insurance, as well as insurance suitable for different industries, business groups, and organizations.
Who should get and why?
Why business insurance
Being in business is inherently risky and there is no amount of preparation that will allow you to eliminate all risk. What you can do is to ensure that your business operations can continue and that your livelihood is secured in the case a risk materializes itself.
Use the calculator to see the cost of sick leave for your company (in Finnish).
Who is it for?
Business insurance is important for everyone. Whether you are a sole proprietor, run a small business, a growth company, or a larger, more established company, you need business insurance.
We help you choose the correct business insurance for your company's operations and needs.
Why If?
If is the leading insurance company in the Nordics. We insure almost four million customers. We know your industry too, and we will support your company's operations and growth.
Our customers benefit from comprehensive services, such as the investment grant and legal advice.
How much does business insurance cost?
The price of business insurance varies depending on the company's size, location, industry, and risks, as well as the extent of the chosen business insurance policy.
- If your company is already a customer at If, you can ask for the price and quotation easily via digital services.
- If you are not yet a customer and want a quotation for business insurance cover, request a quote or contact us. We are happy to help.