Commercial Insurance Policies Protect Business Owners

Individuals who own a business need insurance to protect the company against any risk or potential claims that may be filed against it. A commercial insurance policy is not a one-size-fits-all because of the many types of businesses and risks that are inherent to each. During the underwriting process, your business insurance agent will gather detailed information as it relates to the business endeavor and will determine the types of risks the business owner could be exposed. The information gathering will lead your agent to write the most comprehensive business insurance policy possible.

There are small business insurance packages …

Auto Insurance Basics All Individuals Should Know

Automobile insurance is required in most states and is a contract that “protects your financial security in case of an accident.” Purchasing an automobile insurance policy to protect yourself and your assets in the event of an accident is a practical matter for those wishing to avoid lawsuits or are faced with insurmountable repair bills.

1. Bodily injury liability
2. Property damage liability
3. Medical payments/Personal injury protection (PIP)
4. Collision
5. Comprehensive coverage
6. Uninsured/Underinsured coverage (UM/UIM)

Small Business Owner Insurance Needs

Entrepreneurs have unique needs when it comes to purchasing insurance policies. The types of insurance needed vary based on the type of business being operated. Additionally the business owner needs to purchase insurance that relates to the operation of the business as well as purchasing insurance to cover family-related issues.

Here is a breakdown of the types of insurance policies a business owner should discuss with his insurance agent:

• Errors and Omissions/Professional Liability Insurance: This type of insurance protects the professional in his or her dealings with the public. The professional liability policy protects the insured against any financial liability

Wedding Insurance: Protecting Your Special Day

Weddings are special occasions and for many, the expense of the wedding can put a big dent in ones savings. Because of this, it might make sense to purchase an insurance policy to help cover wedding expenses in the event that something doesn’t go as planned. A wedding insurance policy is a type of insurance designed to protect the investment of those who are paying for wedding, against circumstances that are beyond their control.

Special Considerations for Antique and Classic Car Insurance

New Jersey car insurance agent (and classic car buff) Brian Kane recently attended the Barrett Jackson Auto Auction in Scottsdale, Arizona. He did an ad hoc interview with Anthony Kirlew, of AKA Internet Marketing (also a car guy) discussing insurance requirements for antique and classic cars.

1. The actual cash value of the vehicle
2. The stated value of the vehicle
3. The agreed upon value for the insurance policy