Having No Business Insurance Is a Risk You Just Can`t Take!

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Business Insurance Advice - Online Business Insurance


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What business insurance companies are best online?

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On ApplyFast.com you may find online business insurance quotes and rates from Amica, Farmers Insurance Group, Esurance, Unitrin Direct, Nationwide, Allstate, American Family Insurance. The most popular insurance services are also offered by First Indemnity of America, Chubb Group, Progressive, State Farm Insurance, Prudential Financial, and AARP. Follow the links below to compare the companies, services and quotes in your state.

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Do I need business insurance?

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First of all, there's a list of required types of insurance for employees stated by the law. You must submit your application for them. Second, you should look into other quotes available online and offline. Before you start your business you need to provide adequate coverage for it. What risks you might be exposed to? Get advice from an insurance expert to find the best rates and quotes from trustworthy and respectable providers. You will ensure yourself peace of mind and protect your company by minimizing financial risks in case of accidents. It will help you keep your business running even if unexpected events occur.

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What are the required types of business insurance?

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1. Workers’ Compensation coverage is usually first on the list of mandatory kinds of business insurance. It provides protection for both employers and employees in cases of injuries while on the job.
2. Oftentimes contracts that business owners enter require certain kinds of insurance. Rent of premises, facilities and equipment will usually demand a specific coverage of company’s activities (also protection against potential damage) performed on the given premises, etc.
3. Some companies might need liability insurance to get a license to perform its professional functions.

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Workers Compensation - Why do I need this kind of business insurance?

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It is a legal responsibility of employers to provide safety of the workplace. But accidents still happen no matter what preventative measures have been taken. By purchasing workers compensation insurance companies protect themselves against lawsuits and cover their employees in cases of injuries. Regardless of who is guilty, and if the accident happened on the work premises or other place else where the worker was on business, employees are provided with medical care and are paid compensation for lost income.

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Business Insurance Packages – Will they work for me?

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Business insurance packages are good for small and medium-size companies. They are usually cheaper than policies purchased separately. Packages include major types of insurance available for protection of your company: property insurance (protection of office buildings and their contents), business interruption insurance (coverage against your loss of income in case your business is disrupted or destroyed by fire or other disasters), and liability protection (insurance against damage your company might bring to others).

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How to save money shopping for business insurance?

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Before you apply for a business insurance plan, compare different companies, because prices vary. Choose a financially reliable insurer, check rate online. Get professional advice to evaluate all possible risks. Keep your agent updated on what is happening in the company; he/she can give you valuable recommendations. Instead of purchasing several separate insurance policies, look into getting a package, often they are cheaper. Think about how you can lower your premium – consider choosing a higher deductible, and take preventative measures.

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How to file a business insurance claim?

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If an accident takes place at your company, notify your insurer without delay (if you choose to call them, use registered mail to send a copy of a claim). Make sure you report it to the police if the case requires their attention. Reread your business insurance contract again to know your responsibilities. Estimate the damage, make a list. Find receipts or other proofs of ownership for damaged items. Keep all your paperwork in order. If you find you are not treated fairly by the insurer, make an appointment with your agent, contact customer service.

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What types of business insurance are available for small companies?

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This is a list of top business insurance policies:

  • Property damage – covers damage or loss of property.
  • Liability insurance – covers payments resulted from injury or damage caused to another person.
  • Products liability – protection against lawsuits by people injured from the use of the company’s products.
  • Vehicle – covers liability for damage caused by corporation vehicles.
  • Key man life – compensation for the death of a key employee.
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I have a home-based business. Do I need business insurance?

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Starting and running a small business is challenging. It requires finances, enthusiasm and even physical endurance. It involves a lot of risk. You might have a lot of other concerns on your mind, but do not neglect your protection against unexpected, it is likely to happen. Think about health, disability, life insurance. Consider property damage - take inventory of your property, evaluate what’s worth insuring. Get professional advice to find the best business insurance policy according to the type of your activity.

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Are there any disasters my property business insurance won't cover?

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Usually cases of flood, earthquake and terrorism are not included in the policy. If it’s something you are concerned about, find out if you are located in the flood/earthquake zone. If your company is located in the endangered area, to indemnify your company you will need to apply for special business insurance. And by the law separate terrorism coverage needs to be acquired if you would like to protect yourself from damage caused by terrorist attacks.

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Can an insurance company cancel my business insurance?

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When your policy is issued and has been in force for 60 days the insurance company cannot cancel it. The provisions for cancellation are usually limited by the state. If the policyholder fails to fulfill his/her responsibilities – does not pay the premium or an act of fraud, or some falsification on the applications is revealed, then the company has the right to cancel the business insurance policy. However at the end of the term the insurance company can decide not to renew it.

Business Insurance Tips

Small Business Insurance

Small business insurance provides a variety of coverages aimed at reducing or compensating for the risk business and its employees may be exposed to. If you're starting a new business, a proper insurance policy is compulsory to buy to protect your business property from casualties.
Why do you need to consider risk? Because managing your own company is already a great risk. Too many factors unrelated to your business can influence its development and success. Very often a promising enterprise fails within the first months of inception.

Liability Insurance

Those business owners who have never been subjected to litigation are really lucky ones. It is estimated that the amount of legal claims increases directly with the volume of your business. And even if you run your business with the greatest care, your clients still may have claims and you have to pay a lot of money out of your pocket to settle the case. That's why it's so important to protect your company with liability insurance. Learn more about this type of coverage and how it works.
Business liability insurance is the type of coverage that provides protection against third party claims or lawsuits.

Insurance for Business

If you are running your own small or medium business, you know how difficult it can be to keep all the plates spinning at once. Managing your suppliers, stuff, accounts and most of all looking after your customers can be a difficult task. Even though you can delegate many duties to your personnel, the ultimate responsibility for your company lies on your shoulders. Want to make the situation easier? Consider applying for business insurance. It protects you from a variety of potential risks and reduces the probability of failure of your business.
Just as you should not drive without car insurance, you should not run your own business without business insurance.

Business Insurance Quote

They say that insurance is something you can do without until you have something valuable to lose. It's especially true when it comes to business. The success of your company depends on many factors and to run your business is a hard work. But no one knows when a disaster is going to strike and all your efforts and money invested can be wiped out with a blink of an eye. That's why it's so essential to buy adequate business insurance to reduce risks and shield your company's assets.
The most commonly used types of small business insurance are property, liability, and workers compensation insurance.

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