If this is your first time out on your own, you may not realize that your landlord’s insurance policy only covers damage to the structure in the event of fire. Getting a renters insurance policy can provide the cash you’ll need to replace anything damaged during a fire.
The surest way to get the best insurance possible for your particular business is to use risk analysis methods. This enables you to determine the probability of your business facing a loss and to consider whether it needs coverage for that loss.
One option when it comes to business auto insurance is private and business use coverage. This type of insurance gives you combined coverage for both types of use, for the primary driver as well as any other drivers listed on the policy.
Even if someone has car insurance, it might not always be enough to cover all of the damage that was caused in an accident, and then you have to take care of the rest. Fortunately, your insurance agent can set you up with underinsured motorist coverage just in case.
The first recorded automobile accident occurred in 1891; fortunately, the only injury was to a tree. However, the first insurance policy was not issued until 1897. What is even stranger is that stop signs and traffic laws were still years away from appearing.
Have you ever wondered what would happen to your facilities and employees if your business suddenly had to reduce its operations for a period? Let’s talk about how business interruption insurance can help make up the difference.
