If you own a business that relies on vehicles for daily operations, you already know the importance of commercial auto insurance. It’s a legal requirement in many places and provides crucial protection in case of accidents or damage to your company vehicles. However, you might not be aware of the hidden benefits of a commercial auto insurance policy. Let’s uncover
Commercial property insurance is essential to the Business Owners’ Policy (BOP). Whether you operate your business on your property, leased premises, or home, this coverage secures your business’s physical assets from a wide range of covered perils. However, with the constantly increasing commercial property insurance rates, taking specific measures that reduce your insurance premiums must be your priority. While discussing
When it comes to purchasing auto insurance, there are two main types to choose from: commercial and personal. While they both provide financial protection to drivers in the case of an accident, there are important differences between them. In this blog post, we’ll take a look at the differences between commercial and personal auto insurance and discuss which type is
As a business owner, you’re constantly searching for ways to minimize risks while maximizing profits. Perhaps you rely on vehicles to provide an essential service to your customers. Purchasing commercial auto insurance is important. Once you have a strong policy in place, you’re likely trying to figure out whether to lease or buy a fleet. Most companies opt to lease
Signing a contract with a waiver of subrogation clause allows one or more parties doing business together to give up the right to sue each other. Here’s a look at how the provision can impact your commercial property insurance coverage. Where is a Subrogation Clause Used? Your commercial property insurance policy will most probably include a subrogation provision. The clause
Commercial truck safety is a major priority for businesses in the commercial trucking industry. There are risks involved with operating a commercial truck, which is why serious accidents occur occasionally. Luckily, many businesses are strengthening their safety programs to prevent major catastrophes from happening. With a few adjustments, you can help keep your drivers safe on the road and protect
One of the main types of business insurance for companies that own real estate is commercial property insurance. You need this insurance to protect your investment from natural disasters, theft, and burglary. Use this commercial property insurance guide to help gain a better understanding of this coverage. What Is Commercial Property Insurance? A business that owns commercial property needs insurance
INSURANCE POLICIES EVERY ENTREPRENEUR SHOULD CONSIDER Starting a business is an exciting – albeit scary – adventure. Perhaps you’ve noticed an untapped market or people have recently responded to your talents and you’re ready to make some money. Either way, you’ve taken the leap of faith to start your own business. For a brand new business owner, there are a
Commercial insurance protects businesses against the risks associated with operating a business. However, these policies are flexible enough to help you meet your unique business needs. Perhaps you have the mindset that you only need to assess your commercial insurance when significant changes occur. While that is reasonable, there may be certain situations that trigger the need for an evaluation.