Accounting Tips

Posts Tagged ‘Business Insurance’

Media may be right and by a people who could have responsibility for insurance. Well, I have your answer. To try to give you a price range for Commercial General Liability Insurance to provide information you would need much more than just saying that you only provide "services". What kind of services – accounting is a service, so dry cleaning, car washing, babysitting, etc. Basically most of our economy is based on services. If you need a quote for your business, my advice is to contact a local independent insurance agent will be able to get more quotes, explain the coverage and also review the need for any other type of coverage. You can go to this site to find an agent in your community: I hope this information helps. Good Luck

Does anyone know any insurance agents, companies, or brokers engaged in insurance business in particular for small businesses like auto shop? This will be to Illinois, probably Cook County. After talking with others on the web, I found the answer. Farmers will. Call. . 5531 W Cermak Rd Betancourt Juan # D Cicero, IL 60804-2218 Phone: (708) 863-1750 Fax: (708) 863-1749 jbetancourt farmersagent @. Com or Alma Rodriguez Agency, Inc. 6932 Windsor Ave Berwyn, IL 60402-3335 Phone: (708) 795-4444 Fax: (708) 795-4447 arodriguez3 farmersagent @. Com do not worry I watched this on its own

When starting a business, questions come up about insurance – Do you need any? How much do you need? What should you insure? Where should you get insurance?

There are several different types of coverage, some of which apply to certain businesses, while others do not. For example, a bookkeeper will want to get errors and omissions insurance, where a delivery or moving company will need commercial auto insurance or a building contractor would get workers’ compensation to insure their workers against on-the-job injuries.

The coverage needed for your business will depend on the type of business you run, where you are located, how you run your company, if you have employees, have vehicles, etc.

And do not assume things like, for example, that a home-based business does not need to be insured. Most homeowners’ policies do not cover losses for home based businesses. You may be able to add on coverage to your homeowners’ policy to include property losses to your business. However, this will not include liability coverage, which your business may still need.

When choosing insurance, it is a good idea to get advice from an insurance professional. If you do not already know an insurance agent, you can use the Independent Insurance Agents & Brokers of America to locate a professional agent in your local area. You can also use free resources online to learn about business insurance that your company may need.

Here is a basic summary of the different types of business insurance available:

General Liability
This type of insurance covers expenses caused by accidents, injuries and claims of negligence.

Product Liability
Product manufacturers, distributors or retailers can be liable for a products’ safety, and this insurance covers losses due to defective products or related problems.

Professional Liability
Sometimes known as errors and omissions insurance, professional liability insurance is generally carried by service providers to protect themselves against problems caused by malpractice, errors or negligence.

Commercial Property
Not only does commercial property insurance cover loss to buildings, but also equipment, documents and lost income.

Commercial Auto Insurance
If your company uses vehicles for business, you will likely need commercial auto insurance to cover those vehicles in case of damage.

Workers’ Compensation
To insure employees against on-the-job injuries, some companies are required to provide workers’ compensation. Requirements vary by state.

There are also other types of coverage, such as business and individual health insurance, surety bonds, business interruption, travel insurance, etc. . . Before you spend money to insure your company, compare policies and prices from several different insurers to make sure that you get the best deal and most value for your business. You may also be able to save money by purchasing a policy that includes multiple types of insurance bundled together.