subject: Commercial Insurance Is More Important Than You Think [print this page] It's an exciting thing to start a business and you will be happier if the business runs well. You may rejoice over your first sale of your business. But one thing you should remember. Along with the grate feeling of grand opening of your business you should have received your commercial insurance too.
Now think of your business. How much time have you spent to start this wonderful thing? What are the arrangements you made for the grand opening. How many people you contacted regarding this event. You have put into this business lot of time and energy. Now you have to do something so that nothing could destroy your business you have worked so hard to build.
Your employees are those who bring about the desired result of your business. Train them well so that they may provide an excellent customer service. Every business grows based on the customers only. So, concentrate on your business is equal to concentrating on your employees and customers. The next most important thing is that you purchase the proper insurance for your business.
You can not take things light here. It is vital. Hence you need to purchase commercial insurance for your business. I would like to mention a few things here, why you should go for commercial insurance. Commercial insurance protects your business from destruction because of unfortunate and unexpected incidents.
Even if someone chooses to sue you, your business will not get spoiled, because the commercial insurance shall hold your business up. Business insurance is like car insurance or health insurance. When you have it, you do not think about it. But when you do not have it, you know well what it will be for you. I need not explain.
Commercial Insurance is important to the well being of your business now and for ever. Just think of you and your business. While your business is a product of so much of you and of all the above said, it can only take one discontented customer to ruin everything. So mush of hesitation we have to drive around without car insurance. Why?
Questions such as how to face the loss in the event of meeting with accident and getting the car damaged? Our business is important. It sustains us and the lives of many. It will sustain the lives of many more in the years to come. So, purchase the right type of insurance for your business and live peacefully.
Property insurance covers losses and damages to personal property, like fire or flood damage to your office building. There are many different types of coverage, like a machinery policy to cover equipment breakdowns, a debris removal policy to cover the cost of cleaning up after a storm, and ordinance or law insurance to cover costs related to having to rebuild a building to code that may have been only partially destroyed by nature.
Crime insurance covers things like theft and robbery, and builder's risk coverage takes care of any damage that might occur to buildings under construction. Bars and nightclubs often have a lot of glass and mirrors in the building, so they might have a type of glass policy that covers any glass breakage on the premises.
This type of commercial insurance covers injuries that you or your business might accidentally cause to happen to third parties. For instance, commercial vehicle insurance would cover any cars, trucks, or vans that you might use in your business.
Errors and Omissions, or "E & O" insurance, covers any accidental mistakes that cause injury to others. An auto repair shop may have an auto repair policy to cover any mistakes that may happen in the garage that could cause damage to a customer's vehicle.
There are several types of unique liability coverage. Bars and liquor stores should definitely purchase alcohol liability coverage if it's not already required by the state. Administrative alcohol liability insurance involves breaking liquor laws - failing to check IDs, selling to a minor, or letting inebriated people keep drinking.
Civil liabilities can involve lawsuits from the inebriated or those possibly victimized by the inebriated, and criminal liquor liabilities involve the unfortunate situations where someone receives alcohol from your bar and then injures or kills someone.
by: Tom Selwick
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