Glossary · People and paperwork
Insurance Carrier
In short
The company providing insurance coverage for the business and its assets. The SBA requires specific types and levels of insurance to protect its collateral.
What it means in a deal
Your lender will require you to secure adequate property, liability, and often Key man insurance, naming the lender as an additional insured or loss payee. Work with a knowledgeable commercial insurance broker to ensure all SBA requirements are met before closing, especially for property with a UCC Lien.
Official sources
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
Related terms
Common questions about Insurance Carrier
- How does disability insurance complement life insurance for business protection?
- How does business overhead expense insurance differ from key-person life insurance?
- Why is long-term disability insurance considered a vital complement to business life insurance?
- When is term life insurance more suitable than permanent life insurance for business protection?
- Is a decreasing term life insurance policy acceptable for the SBA's life insurance requirement on a 7(a) loan?
- How are appropriate business life insurance coverage amounts calculated?
Defined by CapBench SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
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