From Fur Babies to Fire Hydrants: Your Home Insurance Premiums

When I got my kids a dog, I had no idea that it could affect my homeowners insurance. I happened to run into my insurance agent in the store when I was buying dog food and he asked me what kind of dog we had. When I told him, he said I should stop in the office the next day. I had no idea that things like this could affect premiums, so I started asking what else could do it as well. I created this site to help others understand some of the finer points of homeowners insurance and what they should think about to manage their rates.

FAQ On Business Insurance You Should Know

Insurance Blog

When you own a business, you want to make sure you have taken all the necessary steps to protect your business and assets. A very serious thing for you to realize is the importance of carrying business insurance. In order to learn more about business insurance, you want to review the following information on some of the most frequently asked questions about business insurance and their answers.

Is business insurance legally required?

One of the most important things that you should realize is that business insurance is generally something you are required to carry in most states, at least to some extent. For example, you will be required to carry things like workers' comp insurance to cover your employees, automobile insurance on all of the company vehicles, and other types of business insurance that can vary depending on the type of business you run and other related factors.

Why is business insurance so important?

When you own a business, you need to do your part to protect your business, employees, and assets. However, you also have a responsibility to also protect others who your business may directly impact in a way that may somehow cause them injuries and losses. By carrying business insurance, you will be making sure that the protection is in place to offer everyone those protections.

How can business insurance protect you?

When you run a business, you will be putting yourself in the position of dealing with everyone from other businesses and employees to the public and customers. There are many ways you can find yourself in the midst of a lawsuit, and you want to know you will be able to cover things like litigation fees, medical bills, etc. When you have business insurance, you will have funds to help with these things.

Also, business insurance can cover your property, so if something happens like a fire or a flood, then you won't be left suffering a total loss that would be financially devastating to your business. The business insurance can also cover your loss of income if you are unable to operate the business, so things like your rent and the wages of your employees will still be paid.

Your business insurance coverage is something that you want to make sure you fully understand. So, be sure you read all of the information on your policy and make sure that you have a policy that is going to properly protect you should you run into issues. Contact a company like Welsh Insurance Agency Inc. for more information.


17 December 2019