Business insurance is a necessity, but buying insurance can seem confusing at times. For example, you may not know how much coverage you need or even what some of the different insurance lingo means. While you could buy insurance on your own, a better idea is to put the services of a skilled and experienced business insurance brokers to work for you. Your business insurance agent can help you with your new policy in several different and beneficial ways.
Identifying Your Coverage Needs
From liability to loss of income and more, there are various components to a business policy that may benefit you at one time or another. Determining which coverage is needed can be challenging. Your insurance representative will help you to identify which type of coverage is most beneficial. In addition, your agent can explain what coverages that benefit your particular situation and that are also the most cost-effective.
Regardless of your business’s size, protecting the vehicles in the premises of your auto repair shop is a must. Commercial auto insurance will help you mitigate the impact of possible unpleasant events (such as shop accidents, servicing errors, and equipment damage) on your finances. With the help of a business insurance agent from Allied Insurance Managers, you can arm your business with the right coverage against any future challenges you may face as an auto repair shop owner. One of the policies we highly recommend is our Garage Keepers Liability Coverage.
What is Garage Keepers Liability Coverage?
Generally, you need this coverage to protect customer vehicles from occurrences such as fire, theft, bad weather, or vandalism at your place of business. Our insurance is specifically designed to protect you in case a customer vehicle is damaged while kept at your business location for storage, parking, or maintenance and repair.
Some trucking firms may be assigned to handle cargoes under the most special circumstances – and require higher insurance levels. CFR 49-387 states that companies must arrange for at least $5 million for bodily injury and property destruction when a truck is carrying explosives or hazardous materials. Your agent should also guide you on your home state’s minimum insurance guidelines for special cargoes and stowage.
Every trucking firm deserves a fair chance to be part of the nation’s economic lifeblood. If you hire skilled business insurance brokers for your coverage options, their expertise will help you “keep on truckin’.”
As a business owner, you might find a sense of relief knowing that your business’s future is secure even in the wake of disaster. While there are many types of insurance for businesses, most entrepreneurs tend to overlook one type that can potentially save you a load of heartache in times of unforeseen circumstances: business interruption insurance. Having business interruption insurance means lost income will be covered if ever events such as fire, storms or hurricanes interrupt your business. As with all types of insurance, not everything is black and white, so you will need the help of an experienced business insurance agent to understand coverage.
Business Interruption Insurance Basics
Business interruption insurance is not stand-alone; it must be added to your insurance policy. To get interruption insurance, you must first produce a record of your current income.
On May 16, 2013, Hugo Hernandez Palomino, 28, was working on scaffolding when he was hit by a transformer. The force hurled him 8 feet into the air and down to the concrete surface below, paralyzing him from the neck down. The workers were told that the transformer had been de-energized when in fact, it had not. Palomino sued for negligence and was awarded $21.7 million for medical care, as well as for past and future lost wages.
Spilling bleach on an expensive carpet, a rouge employee stealing from the unit being cleaned, or an accident that totals your company vehicle loaded with expensive cleaning materials–all trades come with risks, and the janitorial industry is no different. Commercial Cleaning Insurance is critical in ensuring that both your business and your clients are protected from any untoward incidents that may happen on the job. Depending on your specialization, it is important to go over your options with a trusted business insurance agent to arrive at an insurance program that is right for you.
As a commercial cleaning company, your job puts you in contact with other people’s properties day in and day out. This places serious responsibility on your shoulders, and it means that you are liable not only for the items you are cleaning, but also for the premises in which you are conducting your services.
Due to the widely varied nature of every industry, each is subject to its own set of risks. At Allied Insurance Managers, we’ve cultivated an extensive understanding of these industry-specific risk factors and do our utmost to become the trusted business insurance agent for any company regardless of background or line of business. Of the range of industries we service, fire suppression is one sector our company has developed a unique expertise in providing insurance advice for.
It isn’t unusual for businesses in the fire protection industry to specialize on certain aspects of the trade. For instance, some contractors might focus on sprinklers and another on fire alarms. As a result, the coverage provided to fire protection contractors must be commensurate to the type of service they provide.