by You may be wondering what type of business insurance you need to take care of your company. The answer is not as simple as it seems. There are many different types of coverage available, and the best one for you depends on the size and location of your corporation, among other things. To find out more about this topic read this article!
What type of business insurance do I need?
Business insurance is not one-size-fits-all, so it’s important to have the right coverage for your business. The following are some of the types of business insurance you should consider:
Insurance needs vary greatly depending on what kind of industry you are in and how many employees work at your business location.
If I buy the insurance, will my premiums go up?
Sometimes. If you have an accident or claim it may not be possible to avoid a rate increase. But if you are committed to owning your home and protecting your family now is the time to act. You can take small steps now that make a big difference tomorrow.
I own an auto repair shop and a car gets driven into my bay while I’m working on it, who pays what?
If the accident was due to lack of maintenance or neglect then it is your responsibility for damages done to the vehicle that you are repairing. However, if the damage is not due to negligence but instead would happen at ANY repair shop then it’s covered under your business insurance and the other party is responsible for damages incurred through their negligence.
If I’m hurt on my job at a restaurant, how do I know what’s covered?
Your employer should tell you what coverage applies to your case. Your employer might purchase worker’s compensation insurance that covers some medical expenses and some of your lost income. If your employer doesn’t have insurance, then you might need to purchase your own health insurance or health care coverage.
How do I find out what business insurance policies are available?
Start with the agents and brokers in your area who specialize in business insurance. They can help you explore the options that best meet your needs and provide guidance on which companies to contact.
Insured released from liability in an auto accident?
If you are an insured driver on a policy, you are not released from liability due to the other party being underinsured or uninsured. The limits of your policy will apply regardless of the amount that the other person was at fault for causing the accident. Your insurance company will deal with the other party’s insurance company and they’re insured.
What types of businesses need to get commercial liability insurance?
There is no one type of business that needs commercial liability insurance. Any size business can be sued or even shut down if they do not have adequate coverage in place for such a claim. Even non-profit businesses can be sued for damages and negligence.
Commercial liability insurance is different from general liability insurance in that it covers the many risks of operating a business such as bodily injury or property damage to someone on your premises or arising out of some activity you do that starts during the policy period.
How does my business insurance work?
Your business is likely the most valuable asset you own. If it all went kaput, what would happen? Can you afford to lose your income? Could you afford to rebuild if there was a fire or flood in your building? This is where your business insurance comes into play. Here is everything you need to know about how it works.
Insurance is a gamble that puts your money aside to pay for the cost of completely unexpected things that could happen, like an accident or disaster. If you pay insurance premiums regularly, then you are “insuring” yourself against the risk of not having enough money to cover the costs should something go wrong. For example, if you own a business, you probably want to ensure your property and your staff in case something goes wrong and your building is damaged or employees are injured on the job.
There are two types of insurance: Property insurance and liability insurance. Property insurance covers the cost of damage to property — whether that property belongs to you or someone else, like if there’s a fire in your office building. Liability insurance covers the cost of damage to other people or businesses.
Property insurance includes buildings, contents, machinery, and tools. Buildings are insured separately from the land on which they sit. Contents insurance covers furniture, equipment, and business stock owned by you for use at your premises, either at home or away from home.
If your business premises are destroyed in a fire, flood, or earthquake and you don’t have buildings insurance in place — or if your building is damaged beyond repair — then the people who own the land on which it stood will probably claim money from your contents insurance to rebuild their property. This is because you would need to use your contents insurance to replace your belongings.
You may also need buildings and contents insurance if you hire an employee who has suffered a work injury. If the injury was not the result of your negligence, then your employees would probably claim for medical costs and loss of income against your business owners’ policy, which covers this type of accident.
Tips on how to find the best value for your dollar on a short trip to Universal Orlando Resort.
Every year on average, about 5 million people visit the Universal Orlando resort on a short-term basis (3+ days). If there was ever a place that offered a wide variety of ways on how to stretch your dollar as far as it can possibly go, this is it. I have been researching ways to cut costs, maximize value, and pay the least amount possible for Universal Orlando Resort tickets since I was in high school. My parents have been season pass holders for over 20 years now which means that if you add up all of the money they have saved at this park alone, it is well over $20 000!
Let’s start with the obvious one- The Park to Park option. Universal Orlando Resort is the only theme park in the world that allows you to buy a ticket which includes admission to two or three of their parks (Universal Studios Florida, Islands of Adventure, and Volcano Bay) on the same day with a single entry. This option is especially good if you are interested in visiting more than one Universal Orlando Resort park in a single day.
Typically, the Park to Park option costs you about $10 more than it would if you were to buy two separate tickets for each individual park. But if you are visiting this magnificent place on a tight budget, don’t even bother with the Park to Park option because there are so many other ways to spend this extra money.
You can buy one ticket for Islands of Adventure and Universal Studios Florida, or even a single-day ticket for each park if you are only visiting one park per day. You’ll be surprised at how much money you will save by doing this!
If you are planning on visiting both parks in one day (Universal Studios Florida and Islands of Adventure), then I recommend that you buy the Park to Park option.
Even if you are only visiting one of the two parks per day, buying a one-day ticket will still save you money! I know this may sound crazy, but believe me, it works! And on top of all this, Universal Orlando Resort is currently offering $35 off of their one-day ticket price when you purchase online, so much like the, I do every time I go to Disney World, take advantage of this incredible deal!
If you add up how much it would cost for a one-day ticket to each individual Universal Orlando Resort theme park and compare this number to what you’d pay if you bought their Park-to-Park option, you will be surprised to see how much money this single perk will save you. The Park to Park option can easily cost you an additional $75 or more depending on the type of ticket that you are using.
