Monthly Archives: July 2017

Commercial Insurance

This type of insurance coverage applies to a group involved in a commercial venture. Their services meet the requirements of commercial trucks, fleet cars and tow trucks. Commercial insurance companies offer a range of policies that allows a business to have their insurance needs tailored to fit their specific needs. With these companies having such a wide scope of acceptance, they are sure to be able to offer coverage for nearly every driver and business no matter what the vehicle model.

The commercial truck insurance policies can also be customized to best serve a drivers needs such as facilities like 24/7 claims service, flexible payment schemes and even discounts. These truck and trailer policies will cover everything from:

• Front loaders
• Garbage trucks
• Flatbed trucks
• Box trucks
• Pick ups
• Dump trucks

They will also offer assistance for:

Truck Insurance Filing. This is very important especially when you need to show proof that the insurance coverage you own is sufficient for the vehicle you operate.

Federal Insurance Filing. This applies to businesses involved with hazardous cargoes, for hire trucking and interstate trucking. An example of this would be, if your company does specialist, long haul or regional trucking. If the goods you are hauling are non-exempt and move across state lines then for-hire truckers would also need a federal filing.

Businesses that never cross a state line or engage in intrastate trucking do not require federal filing. Private haulers carrying their own goods like farmers, retailers and manufacturers or those hauling goods under someone else’s authority like a truck owner leased to another carrier are considered unregulated and as such do not need to have federal or state registration.

Apart from the trucking authority, there may be other reasons a business may be required to show proof of insurance. Those that use over-sized vehicles or drivers with only a probationary license may require either a non-trucking filing or a certificate of insurance.

If your business is involved in the movement of hazardous cargoes or passengers it may well serve you better to go to a specialized insurance company.

These insurance companies deal with hundreds of questions every day of the week, below are a couple of the more common ones with the answers.

• What type of cover should my business have? Given that different businesses have different needs, it’s a wise choice to choose a company that can tailor a policy that will cover all your needs.

• Does my business really need commercial auto insurance? Most businesses are required to have commercial vehicle insurance. Take the freelance rep using their own car to get their goods to customers- they would not need a commercial insurance coverage, an ordinary personal insurance would suffice.

• Do all commercial insurers cover all vehicles and businesses? The answer is no, some companies make exclusions on what they will and will not cover. This is why it’s always better to try and find a company that deals with your type of hauling needs.

Cheap Commercial Insurance

Business persons should be more careful, as there is always risk. Risk like theft, accident, employee injury, business interruption and other vital damages may happen. Nowadays everybody is getting insurance for everything. Insurance is a safety option which helps to recover at time of crisis. Business people get commercial insurance for them. Commercial insurance is of many type. It includes insurance for property, tools, cars and company. Commercial insurance is also an important investment. If its not done, then the business person is at risk of losing his personal property, personal money, even the whole business.

Getting information about insuring is easy, as lot of agents are available. Insurance agents can be reached through local business networking organizations. Ample resource is available for finding agents. Important persons in business will surely have agent referrals.

Finding a agent is not a big deal, but getting commercial insurance is a big deal. Small and new companies wont get insurance easily. Companies running in loss will not be credited, as there is high-risk involved. Company which has operations which may lead to frequent insurance claims are also rejected. If you consult a proper insurance agent, he may guide you to obtain insurance accordingly.

There are many types in commercial insurance, but selecting insurance according to your need is important. Depending upon your business you may need property insurance and not auto insurance, so consulting a licensed and knowledgeable agent is important. Always check out the details for discounts and less premiums. Husband and wife altogether get cheap commercial premiums. If you do not use your property for some time, then you can suspend your policy for some time instead of cancelling it. It may even help you to get refund for that suspended period.So carefully check all the points to make your premiums less and cheap.

Commercial Insurance For Property Managers

Just like you would never allow a tenant to go without renters insurance, property managers also should never go without commercial insurance.

From protecting the physical property itself to protecting your business from lawsuits to simply ensuring your business income is protected in the event your property must close for a period of time, the right insurance coverage is essential to your bottom line.

But commercial insurance is not a one-size-fits-all product. Depending on what your property is used for, the size of your property and your own risk tolerance, there are a number of different policy options available, including:

  • Building and personal property
  • Business income
  • Inland marine
  • Business auto
  • Crime coverages
  • General liability insurance
  • Internet and e-commerce liability insurance
  • Special events liability & accident insurance
  • Terrorism coverage
  • Environmental impairment liability insurance
  • Umbrella liability insurance
  • Management liability insurance
  • License & permit surety bonds, and
  • Workers compensation

Before choosing your policy, it is important to fully assess your exposures. Arrange an appointment with a commercial insurance specialist who can help you determine the best policy for your needs, as well as manage your insurance requirements over the long haul.

Commercial Insurance Providers

When running a business you need to be prepared for dealing with unexpected losses and risks. Providing policies and services that are especially designed for businesses, commercial insurance also known as business insurance protect the business from unexpected losses caused due to property damage, vandalism, theft etc.

Commercial insurance providers cater particularly to the small and medium sized businesses.

The most common types of insurance provided by a commercial providers include property, liability insurance along with worker’s compensation benefits. Property insurance deals with remuneration for damage to real property.

So damage to machinery, the provider under the property insurance covers all theft, burglary, and robbery of money.

Liability insurance on the other hand provides businesses protection from losses caused by third parties. This includes auto insurance, insurance against malpractices and lawsuits.

For on job accidents, commercial providers offer worker’s compensation. In certain cases depending on the nature of your business an insurance company provider may provide specialized insurance products.

The businesses that a provider caters to are retail businesses, professional services, contractors, farm workers, day care centers, resorts, restaurant businesses etc.

When choosing a provider for a business, you need to keep certain things in mind. Firstly you need to meet up with as many insurance providers whether online or in person as you can to get the best possible quote.

Moreover extract information about additional services and discounts that the provider may be offering. Sometimes certain insurance agents and dealers come up with exciting bargain offers that can be the best for your business.

Now shortlist the three best insurance providers from this list and obtain detailed information about the policies that they have to offer. This helps you focus on the best firms in the business and compare their price, bargain offers and services offered.

Remember that it is not necessarily the company with the lowest price that offers the better deal. Some of these companies may not be covering liabilities that you might need. Based on these factors you are now ready to choose the best commercial insurance provider.