Monthly Archives: June 2017

Commercial Insurance For Auto Detailing

With the number of lawsuits these days every small business is so in fear of being sued that they are constantly modifying their business models to prevent the potential of being sued, worse, they know no matter what they do someone might still try to sue them. And they know even if they are in the right, it could cost them 10s of thousands of dollars to defend such a lawsuit, even if they did nothing wrong.

It’s unfortunate that our society and civilization has turned out this way, as it makes businesses apprehensive about the very customer they are there to serve. Nevertheless, there is a savings grace and that is insurance, small businesses can insure against potential risk. Yes, it will cost some money, but if they have a good insurance agent they should be okay and not have to pay too much to protect against lawsuits.

One serious lawsuit that is a result of property damage, injury or god forbid death can wipe out decades of profit and cause a company to go bankrupt. I know because I watched it happen to a very good friend of mine, a local competitor, but we had always been friendly. He ran an auto detailing business.

A car that his crew had been working on got into an accident and the driver blamed it on some rubber dressing and vinyl cleaner that had been used inside the car, making the seat, steering wheel and dashboard slippery. Apparently, the suit also stated that the air vents had blown residue onto the windshield making it difficult for the driver to see the red signal that they ran when they plowed into a car (mini-van) with a soccer mom and 5-kids in the back, 2 were her own and 3 were car pooling, all were injured.

Cheap Auto Owner Insurance

Cheap auto insurance is a unique type of coverage that guarantees durable care for its members. Their products include life insurance which is aimed at providing durable care for a family, while home insurance covers homes by providing multiple premiums that cater for different needs.

Auto owners insurance agents aim at providing different types of insurance coverage that suits different individuals to their clients. Business coverage insures commercial buildings and employees among other coverage types. Therefore auto owner insurance has proved to be a reliable type of coverage that caters for different types of clients at a discount. One of the unique qualities of cheap auto insurance is the existence of auto owners insurance agents. They have simplified the tasks related to insurance and this is evident due to the presence of these agents in 26 states. Insurance agents located in various states enable clients to easily access coverage in their respective states. These auto agents advise clients on the best insurance cover that fits their lives; as a result, customers do not have to travel to the headquarters of the company to acquire information. The wide coverage of auto coverage agents acts as an added advantage for the company, through the diversification of its services and products. Needless to say that the partnership between the auto owner insurance and its agents is built on service, honesty and trust, as a result, guaranteeing 100% customer satisfaction.

Cheap auto insurance is deemed to attract customers, auto owner insurance agents are capable of saving the client’s money by offering cheap insurance. These agents can select the best insurance type for each customer at affordable prices. With the current state of the economy, every individual aims at spending less and saving more. With this in mind, auto owner insurance is the best type of coverage one can choose these days. This is because auto owners insurance provides low rates and is very competitive in current society. Sometimes, cheap coverage is associated with low quality services, however, auto owners insurance agents have made quality their main priority in all of their operations. The insurance companies they work for are also flexible in their operation, hence capable of providing quality coverage for all of their customers, while also considering the laws of different states.

Coverage is important for every individual and it has become much simpler to get an insurance coverage nowadays. Auto insurance companies provide affordable insurance coverage for homes, cars, life and business, which makes them competitive. In addition, coverage is vital these days as it provides compensation especially in the case of unpredicted scenarios, such as illness, or car accidents. Therefore, choosing a coverage company that can deal with all your needs is important.

Commercial Insurance for Small Businesses

Small businesses truly are the backbone of the American economy. In 2013, there were about 28 million small businesses in the U.S. It is estimated that 50 percent of the working population, or about 120 million people, work for a small business. Additionally, they are responsible for creating over 65 percent of new jobs since 1995. Starting a small business is a good option for individuals who want to work closely with their clients, obtain results without layers of corporate bureaucracy, and reap the rewards of their hard work. However, they require research, time, and capital; the Small Business Administration estimates that it costs about $30,000 to start a business. In addition to securing a workspace, necessary licenses, and hiring workers, you should also include the cost of commercial insurance policies to protect your investment in your startup budget, and take measures to prevent being sued.

There are a number of different types of commercial insurance policies. The type of business you run will determine the types of policies that will best protect your investment. All businesses should have general liability insurance. If someone is injured by you, your product, your services, or one of your employees, this type of policy will provide you with a defense, and it will pay any damages associated with the alleged loss. Most businesses will benefit from protection offered by property insurance, which insures against the loss of the location, inventory, or equipment. These types of policies may also insure the property of your clients within your control. For example, if you own a watch repair business that burns down, destroying the watches you are repairing, your policy will cover the loss of the watches.

If your business involves transporting employees or equipment in vehicles, obtaining a commercial insurance auto policy is a wise decision. A commercial auto policy protects damage resulting from collisions. It can also cover any damage caused by employees driving their own vehicles for company business. Companies providing professional services should consider professional liability insurance, which is also known as malpractice, or errors and omissions insurance. This type of policy covers lawyers, accountants, notaries, real estate agents, hair salons, and others, for damages associated with improper service.

The sheer number of available policies can be intimidating, and expensive. You may want to inquire about a business policy, which provides a bundle of services at a discounted premium.

Finally, there are a number of steps you can take to help ensure that you do not need to use any of your various policies. Hire a competent attorney to review contracts or advise you on business practices. Incorporating your business will protect your personal assets from seizure, in the event the business is found liable. You should also do your best to protect files, including client information or credit card numbers.

Types of Commercial Insurance

Generally speaking, commercial insurance covers businesses, and the two main types are cover your property and liability. Property insurance, as the name suggests, provides coverage for any business property or inventory that is stolen, destroyed from a loss, or damaged; liability insurance covers any damages to someone else’s property, including bodily injuries.

Most businesses that purchase commercial coverage choose combination of property and liability to cover anything that may go wrong. Oftentimes, mistakes made on the job, or simple accidents, can simultaneously affect both the business’ property as well as a third party’s health. For that reason, it’s important to consult with a broker to find the best deal for you and your business.

Property Insurance

Property insurance covers losses and damages to personal property, like fire or flood damage to your office building. There are many different types of coverage, like a machinery policy to cover equipment breakdowns, a debris removal policy to cover the cost of cleaning up after a storm, and ordinance or law insurance to cover costs related to having to rebuild a building to code that may have been only partially destroyed by nature.

Crime insurance covers things like theft and robbery, and builder’s risk coverage takes care of any damage that might occur to buildings under construction. Bars and nightclubs often have a lot of glass and mirrors in the building, so they might have a type of glass policy that covers any glass breakage on the premises.

Liability Insurance

This type of commercial insurance covers injuries that you or your business might accidentally cause to happen to third parties. For instance, commercial vehicle insurance would cover any cars, trucks, or vans that you might use in your business. Errors and Omissions, or “E & O” insurance, covers any accidental mistakes that cause injury to others. An auto repair shop may have an auto repair policy to cover any mistakes that may happen in the garage that could cause damage to a customer’s vehicle.

There are several types of unique liability coverage. Bars and liquor stores should definitely purchase alcohol liability coverage if it’s not already required by the state. Administrative alcohol liability insurance involves breaking liquor laws – failing to check IDs, selling to a minor, or letting inebriated people keep drinking. Civil liabilities can involve lawsuits from the inebriated or those possibly victimized by the inebriated, and criminal liquor liabilities involve the unfortunate situations where someone receives alcohol from your bar and then injures or kills someone.

Two completely different types of commercial liability insurance include landscaping insurance and technology insurance. Landscaping and gardening companies should protect themselves against any injury from daily hazards in the landscaping business, like tools and equipment, pesticides, and more. Technology policies cover any of the potential liabilities that technology and IT professionals may face in a rapidly changing field.