Category Archives: Auto Insurance

Need Commercial Insurance

Commercial insurance is probably one of the most imperative investments that a business-owner can ever make. It can be quite helpful in safeguarding the business from latent losses or damages caused by certain unfortunate and unforeseen circumstances. Commercial coverage can offer utmost safety against things like liability, property damage and theft, and can even facilitate protection for employee injuries and business interruption.

An employer who operates his business devoid of any insurance scheme actually puts his company at the risk of losing property and money following unfortunate events. In certain situations, an employer may even put his personal property and money at risk, without sufficient business coverage.

Finding adequate commercial insurance is as easy as finding a reliable broker who specializes in business coverage. It is a good idea to interview as many different brokers as possible, and then choose a knowledgeable, licensed professional with whom one feels comfortable. Internet is a fantastic source of coming across reputed insurance brokers. Based on one’s particular business field, there may be kinds of insurance plans one does not require at all. For instance, one may require business property coverage, but not ‘commercial auto insurance’.

However, it is important to know about different kinds of commercial insurance plans available, even if one does need them. As the business expands and grows, one may find out that his insurance policy needs a change. Acquiring preliminary knowledge will facilitate a person with basic information one needs to decide whether one needs an insurance cover or not.

Commercial Insurance Premiums

Is your company paying too much for commercial business insurance? If so, then you can take certain steps to reduce the overall costs of cover. Let’s face it: operating a company in today’s world can be a costly business. Here are some tips for lowering the price tag of your company’s cover:

1. Review your history of past claims. This will help you to minimise the number of claims that you make in the future. While it’s not the end of the world if your company makes a claim here or there, a trend of multiple claims can cause your company’s premiums to sky-rocket. In particular, you should be wary of making several claims within a period of three years or so. The size of the claims can also become a factor in determining how high your premiums are.

2. Reduce auto cover. A company can do this by insuring itself for the need to repair or replace vehicles. This can prevent the need to take out collision insurance cover when purchasing car cover.

3. Make your workplace safer. You can do this by taking various steps. Ensure that your workplace complies with rules and regulations regarding safety standards. Take steps to prevent discrimination based on race, gender, age, national origin, and so on. And enact policies that will reduce harassment in the workplace. Besides implementing methods for reducing problems related to these issues, it’s crucial to enact disciplinary action against offenders.

4. Reduce your excess. This will result in lower premiums. That’s a good thing, right? Yes, but there’s a catch. If your company needs to file insurance claims in the future, lower deductibles will result in higher out-of-pocket expenses. So while lowering your excess can reduce the overall costs of your premiums, you should do it with caution.

5. Shop around. A basic yet key reason why you’re paying too much for commercial cover is that you haven’t looked elsewhere! Tons of insurers provide a cornucopia of policies for business cover. So your company needs to shop around, to find the best deal. Make sure to get quotes from at least three companies, to help ensure that you find the best price available.

6. Reduce the risk of products and services. Whether your company provides products, services or both, it’s crucial to minimise the amount of risk that they create. Unfortunately, it’s impossible to completely eliminate the possibility of your products or services becoming a liability to customers. However, you can certainly minimise the amount of risks that the products and services create.

7. Bundle multiple commercial cover products. This can save you significantly on the costs of commercial insurance. As a word of caution, be careful not to buy bundled packages that contain cover that your company doesn’t need. Otherwise, you’ll be saving money on commercial cover products that aren’t valuable to your business. It’s like taking one step forward and two steps backwards!

The Various Commercial Insurance

There are three standard variations on commercial insurance. They are Property, Worker’s Compensation and Liability coverage. A host of other specialized plans may be purchased as needed for specific industries. Machinery, Debris Removal, Builder’s Risk, Business Interruption, Ordinance or Law, Inland Marine, Glass, Crime, Tenants, E&O, Malpractice and Auto insurance policies can all be purchased in the necessary context.

General Property insurance is needed for virtually every company. It covers any facility used by the company from damages and loss of property. The purchaser of these policies must be careful to read the details of coverage closely for items that are not covered within the general premium. Not only will a product that is uncovered not be replaced with the policy, but also if it is responsible for business losses, the general coverage may be nullified.

Liability coverage is similar to Property policy. Every company should have a Liability policy to protect their operations when they are responsible for a third-party injury. Lawsuits are expensive and insurance to cover the settlements is paramount to longevity in any industry. Again, not every circumstance is covered by general considerations. A close reading of the particulars will enlighten business owners to possible extras they may need.

Worker’s Compensation is the final and most important commercial policy to own. Surveys have shown now for decades, that where employees are happy customers will be too. If an employee is disgruntled, they will provide less than the best service. The most foundational way to show employees that an employer cares about them is to provide them with Workers Compensation. Either way, if an employee is hurt on the job, he or she is entitled to medical recompense. One policy covers every employee incident.

The specific details of every add-on policy in commercial insurance can be read and considered at the time of an insurance purchase. Most companies find that they need at least one additional variety of specialized protection. Even if these special add-ons are never used, owners will be happy to possess them since it is one fewer consideration to worry about.

The day-to-day duties of those in charge of purchasing insurance are complicated enough without having to fear an employee or customer injury. Having the building where everyone works and clients are serviced safely shielded from natural disaster and careless repairs, or burst water mains is foundational for those most at risk being able to rest at ease.

A Primer On Commercial Insurance

When it comes to purchasing commercial insurance for your trucks, you must research which types of coverage are best for your company and how to remain within your budget.

Types of Coverage

When you initially shop for commercial insurance for vehicles, you will notice that there are several different types of coverage. The types of coverage that you require will vary greatly depending on the type of trucks you own and the cargo you will carry.

One type of coverage that your fleet will need is commercial auto liability, which will pay for damage to property and bodily injuries in the event of an accident where your driver is at fault. Any vehicle that transports goods must have this coverage prior to registration.

There are also many optional types of coverage offered by truck owners. Some examples of typical policies include physical damage coverage and cargo coverage. Physical damage policies include collision coverage, which pays to repair or replace your vehicle if it is in an accident, and comprehensive coverage, which covers damage from fire and theft. Cargo policies replace any ruined or lost goods damaged in transport. There are also workers’ compensation and general liability policies if needed. Always check with your broker to find out exactly what your business needs.

Saving Money

If you want to save money on commercial insurance for your fleet, the first thing to consider is the ratio of your premium versus your deductible. Your premium is your monthly payment, and the deductible is the amount that you are willing to pay for damage and repairs before the insurer pays the remainder. The larger your deductible is, the lower your monthly premiums will be.

Business insiders believe that it is wise for most companies to purchase policies which contain the largest deductibles that they can afford so they can save on premiums. This works especially well when you, or any drivers you hire, are responsible, experienced, and have a clean driving record. Any moving violations or accidents can cause nervous insurers to raise premiums without notice regardless of a high deductible.

Outside of agreeing to huge deductibles, there are also other ways to save on commercial insurance premiums. You can contact the broker for any other policies that you currently hold and ask for a discount on any subsequently purchased policy.

There are also commercial insurance companies that cut premiums for drivers that obtain specific certifications or pass a particular course. Sometimes consistent truck maintenance, warning stickers, and security systems can earn a company a reduction in premiums as well. Check with your provider about any promotions that they may offer.

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.

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.