How does the saying go? "Momma had a baby & his head popped off!"

 

Masen has discovered so any new things this year since the weather has warmed up. It is truly amazing what little sponges children are! Clouds, the sky, grass, bugs, trees... he points at everything asking what it is. God forbid it rains & we have to stay indoors. He just sits & points outside. Summer fun...I love it!

Property Coverage: Protecting The Nuts And Bolts Of Your Business

Whatever type of business you operate, you have important property that you rely on to get the job done. The physical property required by your business, from office equipment to manufacturing equipment, is vital to your operations and not easily replaceable. Think about how much it would cost you to replace everything your company uses each and every day to make your business run. Could you afford to start from scratch if everything were lost?

Covering Your Business Property

Property coverage is a vital part of your commercial insurance policy; it protects you against the loss of all of those items that represent a substantial investment in your business. It covers you for everything from the desk and chair you sit at to the computer equipment you need to keep up with business in the modern age.

Take a minute to do some mental calculations and figure out just how much you have spent gathering furniture and office equipment, as well as other equipment such as manufacturing systems that make it possible for you to stay in business. Chances are you didn't buy it all at once, and you might not be aware of just how much you have invested or what you stand to lose in case of a fire or other catastrophe. Without those things you could not continue to stay in business, and you would need to have a lot of cash on hand to replace them.

Building Coverage Isn't Always Property Coverage

If you lease or rent the space in which you do business, then someone else probably handles the coverage for the building itself. But their policy doesn't cover you at all; it exists to protect the owners of the property itself. The things that you keep inside your office, warehouse, or factory are not covered by this policy. You need to carry your own coverage to ensure that if something happens, your property would be replaced.

If you do own the building in which you do business, whether a commercial space or a business run out of your home, it is a dangerous assumption to think that your property is covered. Many commercial building coverage policies have minimal coverage for property, and a homeowner's policy doesn't cover business items. Don't assume you have coverage!

Protect your business from a potential disaster by getting property coverage to ensure that even after a fire or other catastrophic event, you will be able to replace everything and get back to business as soon as possible.

Do You Need A Commercial Auto Insurance Policy? Keeping Your Commercial Auto Policy Affordable...

If you run a business that requires the use of vehicles for company activities, you need a commercial auto insurance policy. Commercial insurance policies are designed to protect you against the wide variety of liability issues you face when you have employees on the road using your vehicles.

Without a commercial auto policy, if an accident were to occur, you and your company will be held accountable for property damage and injuries. Only a commercial policy can protect you and your business from financial disaster.

Whether your company has one car or a hundred delivery vans, there is a commercial policy that will suit your needs. You can obtain individual commercial policies for each vehicle used by the company, or choose a fleet policy if you have more than a few cars.

You have other insurance policies in place to protect your company from liability, fire, theft, and other potentially ruinous events. Commercial auto is the policy that will protect your company when you or your employees are on the road.

 

Insurance is one of the big expenses of running a business. Between coverage for your premises and products, liability and worker's comp, and the other coverage you might need specific to your company, it can add up fast. Commercial auto can be a big expense for a company with a large fleet of vehicles and drivers.

Fortunately, there are some steps you can take to keep your commercial auto policy affordable. First, take a look at what insurance companies consider when determining the rates. Much as with a personal auto policy, a commercial policy is rated based on several factors such as the type of vehicle being insured, the type and amount of use that vehicle gets, and the location where the vehicle is garaged. In addition to these factors is the driving record of the person who is being insured to drive the vehicle.

Consider what happens when you add a teenage driver to a personal auto policy: the rates go up because there is now a high risk driver using that car. When it comes to your commercial auto policy, you can keep rates under control by ensuring that your employees have good driving records-and keep them that way. Careful hiring practices for drivers in your company can avoid surprises on your insurance bill!

When you select vehicles as company cars, take into account things like the value of the vehicle, safety features, and the likelihood of theft. Cars with a high safety rating and low theft statistics will save you big on premiums. Choose vehicles that serve your needs without going overboard; luxury cars are a nice perk, but not a great choice for insurance costs.

Think about where you garage the vehicles. A safer area with a low crime rate can reduce your rates. You should also be sure to keep the vehicles secured with features like a fence or a garage if possible. The more effort you take to ensure the safety of the vehicles in your fleet, the lower your insurance rates will be. Your insurance company will be taking on a lower risk, and thus charge you less.

If your commercial auto rates are too high, it might be time to shop around for a new policy. Just as with your personal auto policy, you need to compare rates to find the best deal for your company. Smart choices combined with smart policy shopping can mean much better rates.