Should I Get Insurance In The Event Someone Sues Me?

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Yes, you should have insurance in case someone is going to sue your company. If your company provides a warranty or guarantee, has clauses that require you to indemnify or hold harmless your clients, or you have contracts in your industry requiring that you are covered, then you absolutely must have coverage. See the link […]

Other Commercial Insurance Terms

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Insurance terms can be difficult to understand, and when it comes to protecting your business, it’s vital that you have a clear view of what your coverage entails.Getting to know the meaning behind some of the common terms used in commercial insurance is the best way to make shopping for your business policies simpler. The […]

Commercial Auto Insurance Terms

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Insurance terms can be difficult to understand, and when it comes to protecting your business, it’s vital that you have a clear view of what your coverage entails.Getting to know the meaning behind some of the common terms used in commercial insurance is the best way to make shopping for your business policies simpler. The […]

Commercial Property Insurance Terms

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Insurance terms can be difficult to understand, and when it comes to protecting your business, it’s vital that you have a clear view of what your coverage entails. Getting to know the meaning behind some of the common terms used in commercial insurance is the best way to make shopping for your business policies simpler. The […]

Commercial Liability Insurance Terms

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Insurance terms can be difficult to understand, and when it comes to protecting your business, it’s vital that you have a clear view of what your coverage entails. Getting to know the meaning behind some of the common terms used in commercial insurance is the best way to make shopping for your business policies simpler. The […]

What Does Commercial Insurance Cover My business For?

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The most common facets of a commercial insurance policy include protection of your company’s property, general liability and business interruption. Property insurance covers you for damage to your commercial property. General liability insurance covers bodily injury or damage done to others. Business interruption coverage compensates for lost income due to physical loss or damage to […]

Do I Need Insurance For My Product?

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Yes you do. You’ll need comprehensive general liability coverage, more specifically, product liability. This coverage insures a business against accidents and injury that might happen on its premises, as well as exposures related to its products as long as it is not due to poor workmanship. This points out one difficulty with general liability insurance: […]

If I Buy Commercial Insurance Will It Prevent Lawsuits?

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No. Nothing can prevent your business from being sued. Good business practices reduce the probability of a lawsuit but a person or organization can sue your business for almost anything, whether it is frivolous or justified. Although having commercial insurance won’t stop someone from suing your business it can help you pay to defend allegations […]

Why Is My Insurance Premium Increasing?

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Commercial insurance premiums may increase for a number of reasons. Increased property values, or increased sales will cause a premium increase because the exposure to loss has increased. Liability premiums reflect your business’s sales. As sales increase, premiums typically increase even if rates stay the same.  

Why Do I Need Commercial Insurance?

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All businesses are exposed to a wide variety of risks and need to ensure they’ve obtained the most comprehensive protection possible. Businesses of all sizes, from the home based consultant to the multi-national corporation, need insurance. Having the right commercial insurance policy does more than just offer peace of mind; it’s an essential part of […]