What Are the Benefits of Commercial Insurance?

From worker’s compensation to general liability, it is important to know exactly what kind of business insurance you need.  With all the complicated terminology that surrounds insurance policies, you need to be in the hands of experts who have the right resources when making the decision.  Do you know the difference between Professional liability insurance or product liability insurance? How do you know which one you need? If you are a professional, like an accountant, for example, you are responsible for the information you give in your clients’ tax return.

If you make a mistake, your client can sue you for this. You will want to have professional liability insurance which will cover any eventual claims made against you. However, if you own a restaurant, you will not need this type of insurance, but you will benefit more from product liability insurance where you have coverage in the case of a client becoming sick after eating at your restaurant.

If you own (or rent) the property you will most certainly want to have general liability insurance which will cover against third-party property damage costs or injuries.

Having the right insurance cover means you are protected from financial damage and you should never underestimate the benefits of having it. Knowing the risks and losses associated with your specific type of agency helps you and your advisor pinpoint the business insurance policy that will have your business’s best interests at heart.

While it can be tempting to cost-cut while choosing a business insurance policy, budget-conscious business owners should be aware of the financial risks and losses they can run into if they don’t have adequate coverage. The bottom line, having the right business liability insurance will give you protection from financial ruins if your business is ever sued.



What information is needed for a car insurance quote?

Receive a car insurance quote by submitting your ZIP Code and some other information about any insurance exclusions, credit history, and liability. Insurance companies check your ZIP Code for the number of accidents in the area. If you live in a place with a high accident rate, usually urban locations, expect to pay more for auto insurance than someone living in a light traffic region. The younger you are, the more you can expect to pay in insurance premiums. The good news is that age-related premiums start coming down around 25, as long as your driving record stays clean.

You don’t need to submit any other personal information until you decide to buy the policy. When you decide to buy a car insurance policy, you will have to provide the company with your name, address, driver’s license number and vehicle registration. You must include the make, model, and year of your car, and how long you’ve owned it, along with your annual mileage and driving history. Always tell the truth about any traffic violations you’ve received, because the insurance company will find out, and it will affect your premiums. Some insurance companies will not accept you if you did not have at least 6 months of prior car insurance coverage, but that’s not the case with The General.