A business insurance proposal is proposition presented by an insurance firm which lays down the terms, conditions and benefits of an insurance policy which will provide financial protection to a business from accidents, arson, robbery, attack etc. Every company has to face certain risks and in order to keep themselves protected and not bear huge losses in case of any untoward incident, a business must be insured. The proposal lays down what the company will receive from the policy and what they have to give to the insured company in return for those services.

Sample Business Insurance Proposal:

Name of insurance firm: Madison Insurance Services

Address: 829 Jason Lane, Waco

Business insurance proposal prepared on: February 12, 2012

Proposal prepared by: Lara Jennings

Insurance agent, Madison Insurance Services

Proposal submitted on: February 15, 2012

Proposal signed and approved by: Zac Moore

Regional Manager, Madison Insurance Services

Policy name: Business Insurance Cover

Purpose: The purpose of this business insurance proposal is to present before the customer the features of the business insurance policy and describe how this policy will help protect his business in case there is any unfortunate incident damaging the business and property

Details of Business Insurance Proposal:

  • The term of the business insurance policy shall commence from March 1, 2012 to March 1, 2016
  • The insured shall pay an annual amount of $10,000 to the insurance company in return for insurance services providing financial protection to the business
  • The policy covers damages to the business due to arson, accidents, robbery and attack