Imagine you are driving home after a long day of work and another car cuts in front of you. You hit the brakes, but your car still slams into the car in front of you. The car that cut you off is long gone. Now you are stuck with the bill for damages caused by an accident that is not really your fault. This is where the benefits and importance of having truck insurance apply the most.
Business insurance brokers play an important role in selling insurance policies that can protect businesses from many different types of risk. These can include property insurance, customer complaint insurance, asset insurance, and many more policies that businesses often require.
When selecting an insurance broker, it may make sense to simply go for those who offer the lowest premiums. However, this can lead to you being exposed to more risks that are not covered by the insurance policy.
Whenever any activity takes place in the construction industry, no matter how small, a certain amount of risk is evident. This is why it's important for all parties concerned to be covered by the right type of insurance and for the contractor, specifically, to be adequately protected. It can be quite a difficult area to grasp, but it's nevertheless crucial to understand what types of service and activity have to be insured through things like civil contracting insurance, so that the proper policy is put in place from day one.
When you run a home-based business, business insurance is often last on your mind. However, keep in mind that while a homeowner's insurance might offer some coverage, it should not be the only policy you have. You need to be sure to protect business-related assets and inventory as well. Here are some insurance policies to be sure you have for your home business.
Renter's or Homeowner's Insurance
You should begin with your basic home policy, whether you rent or own your home.
Business owners usually know that they need liability insurance in case they get sued for defective products, or anything similar, and worker's compensation insurance for any employees on their payroll. However, there are many other types of insurance that should be considered by a small business owner in order to protect the business and their finances. Note a few suggestions.
1. Business interruption insurance
Many small business owners rely on a variety of factors to keep their business running, and anything that interrupts those factors can mean a complete shutdown of the business.