Business insurance

Posted: Fri Mar 30, 2012 10:25 pm Post Subject:

I agree that it is important to get the proper coverage. Businesses are all a bit different and it is of utmost importance that you have the proper coverage in the event of a loss. I have seen many business owners that feel they are covered until we review their policy and find out that is not the case. I have actually seen one instance where there was hail damage to several buildings, unfortunately, they were not all listed in the policy...big oops for the agent as he ended up paying for the loss out of his own pocket as he knew it was his mistake.
If your agent does not sit down and ask you several questions about your business then you may want to talk to some others that are willing to take the time to make sure you are properly protected.

Posted: Mon May 07, 2012 09:31 am Post Subject: Business Insurance

I agree with you ..and i want to also more information about business insurance..Business owners insurance – It is a package policy protects against losing to the building, computer etc, small business insurance, business owner insurance, small business liability insurance, insurance for business owners.

Posted: Wed Jun 06, 2012 05:00 am Post Subject:

Hi thanks for sharing these information's which is useful to all.

Posted: Wed Mar 06, 2013 09:42 am Post Subject:

Yes very knowledgeable topic this is as i am also a business owner insurance is very confusing.

Posted: Wed May 08, 2013 04:34 pm Post Subject:

yes this is perfect discussion because for every business we need the insurance,thanks for the suggestion.

Sean,
[Removed as per TOS]

Posted: Sun May 04, 2014 10:59 pm Post Subject: Frustrated

I claimed bankruptcy four years ago. I am self employed. I am a private investigator And have been for ten years. Also I have worked for the same company as we'll for ten years.
Now with the new law that all PI/security will need to purchase agency Insurance. On the form to fill out it asks if you have ever claimed bankruptcy.. Will this affect me in anyway of getting my agency insurance..
Personally I do not think it's anyone a business but law is law..
Thank you

Posted: Fri May 23, 2014 06:02 am Post Subject:

Only the insurance companies can tell you if a bankruptcy is problematic. The premium you pay is based on the risk you pose to an insurance company. Bankruptcy can be a symptom of other inherent character flaws that could expose an insurance company to more risk than usual.

While that may not be true in your case, it certainly is in others. Insurance fraud often involves folks who owe money around town and cannot pay, so they fake an insurance loss to try to get the insurance company to cover their debts. That's not the purpose of insurance.

Posted: Wed Jun 04, 2014 08:10 am Post Subject:

It is the strategy of a business organization, that they purchase general insurance liability to protect or cover the hassles of the business like accident, injuries, and claims. The BOP abbreviated as business owners policy which covers the general liability and business equipment. The general liability insurance covers the claims of the third party.

Posted: Wed Jun 04, 2014 05:10 pm Post Subject:

General Liability Insurance covers negligent acts of business owners and employees, not necessarily "accidents, injuries, and claims". Methinks Hanrahan is not a native-speaker of English and is posting without full knowledge of what he writes.

Posted: Thu Aug 07, 2014 06:20 am Post Subject: John Wiltshire Agency

Very nice forum, insurance is very important of all the business.