As a small business owner, it is essential to protect your growing company in any way that you can. Purchasing liability insurance, which is an important type of casualty insurance product, is a great way to protect a business from financial ruin in the event that a lawsuit is brought against the company for negligence or unintentionally causing harm. Some of the most popular liability insurance policies for businesses include the following:
Adding a teenager to your car insurance can potentially have a major impact on your premium. Due to their inexperience, teen drivers are often considered a risk by insurance companies and to compensate for the additional risk, parents often find themselves paying more for coverage. If you are planning to add a teen driver to your insurance, here are some ways you can lower their impact on your premium.
Enroll Your Teen in a Driving Course
When you run a business out of your home, you may believe you are already adequately covered in case of an emergency because you have homeowners insurance. However, this is not always the case. Here are four reasons your home business will need business insurance:
You Have Expensive Equipment: It's important to know that homeowners insurance will not cover property damage or loss to business related property. If you have high-end computers or other equipment that is strictly used for your business, then you need business insurance, which will cover it in case of damage or theft.
While most people understand the basics of insurance coverage, few take the time to determine exactly how their insurance company calculates the reimbursement under their policy. There are several different calculation methods that insurance companies can use to arrive at your reimbursement amount. Your policy details should tell you what method is used with your policy, or you can ask your insurance agent. Here's a look at the basics of them so that you know what to expect if you have to file a claim.
Buying life insurance for the first time can be confusing. Not only do you need to decide what type of life insurance to purchase, you need to determine how much life insurance you actually need. So, before you begin the process, check out these tips for first-time life insurance buyers.
Determine a Coverage Amount
Don't let anyone else tell you how much life insurance you need. It isn't difficult to determine the right coverage amount on your own.