Yes, because the chance that you could suffer a loss begins with the first day of business. If you suffer a loss and have no insurance or have improper or ...

Every business has some property. And, when you think about it, your business is your property. Just like your home and your car, your business needs to be protected from ...

It can be. Many small businesses are now insured under package policies that cover the major property and liability exposures as well as loss of income. A common package policy used ...

Your business may not possess all the following types of property, but you can use this list to make sure that you have considered all the property categories and any insurance ...

The best thing to do is to take a complete inventory of all your business property, determine all of its value and decide if each is worth insuring. Then check to ...

There is no one answer to this because each business is different. You can consult with your Trusted Choice® agent on the monetary limits needed to cover your potential for loss. ...

Property insurance can be purchased on the basis of the property’s actual value, on its replacement cost, or on an agreed amount. The differences among the three are: Actual Cash ...

Basic property insurance policies generally cover losses caused by fire or lightning and the cost of removing property to protect it from further damage (e.g., removing inventory or equipment from a ...

No business can afford to be unprepared for a lawsuit. Liability insurance protects your business assets when the business is sued for something the business did (or failed to do) that ...

Yes, but in addition to covering the vehicles you own for liability, medical payments, uninsured motorist coverage, comprehensive and collision, it also covers you when you rent a car and when ...

Yes, and in most states there are legal requirements that must be met, and for which you may be responsible. State laws vary, but most states require that you carry some ...

Yes. Whether you have one vehicle or several, you will need a business automobile policy. Such a policy covers any motor vehicle used in your business including cars, vans, trucks and ...

Whether the business lease is for a building or for equipment, your Trusted Choice® agent needs to determine who is responsible for insuring the leased items—you or the lessor. For leased ...

Yes, if your business transports, stores or uses toxic materials, you are required by law to have a special environmental liability policy. If these materials should be discharged accidentally into the ...

The standard businessowners policy contains coverage for loss due to fire, including coverage for property of others the insured business was repairing, storing, or otherwise servicing earn money. The coverage only ...

Shipping companies often carry insurance to cover their losses. However, the shipping company’s insurance may be too low or you may have difficulty collecting on a claim after signing for the ...

Yes, but on a very limited basis. Loss of business property is usually reimbursed up to $2,500 in the house and up to $250 for business property damaged or lost away ...

Most business policies include a “coinsurance” clause stipulating what percentage of the total value of your property must be insured to be fully reimbursed for a loss, even a partial one. ...

As long as you do not alter the products you receive from manufacturers for resale, you have only a secondary liability. The product manufacturer is the first liable party. General liability ...

Employee benefits generally include health insurance (sometimes including dental and vision benefits), term life insurance, and possibly a retirement program. Group disability insurance is also available, although employers and employees opt ...

Remember that all insurance premiums are based on the risks involved. The insurance company evaluates the situation to determine the risks—or potential for losses—and bases its rates on the results. Therefore, ...

Insurance is a heavily regulated industry. Every state has a department that regulates and monitors every insurer operating within the state’s borders. In addition to approving rates, your state’s insurance department ...

Agents are there to help you. At the most basic level, any agent should be able to answer all of your questions about insurance, provide you with a thorough assessment of ...