July 2017

20
Jul

Benefits of Using an Independent Agent for Your Business Insurance Needs

Contrary to popular belief, cutting out the middleman is not always a good thing.

In this day and age, there are many direct insurance companies who sell their services directly to you. These companies cut out the middle man and choose to cut out the insurance agent. The thinking behind this is that because you’re eliminating an extra person, the price will go down. However, that isn’t always the case. By dealing directly with the insurance company, a consumer may take on tasks that they may not realize even exist!

 

Why Use an Insurance Agent?

  • Agents have the ability to quickly check prices and coverages with a multitude of different insurance companies. Since rates vary widely, an independent agent can sometimes get better prices, getting you a better deal than you can get for yourself.
  • Insurance is a complicated subject that not many people delve into in their free time. It’s the job of the agent to understand it and communicate it to you in a way that you’ll understand. If there are any hidden surprises, your agent will find them and alert you!
  • Agents are a one-stop-shop for all of your insurance needs. personal and commercial insurance policies can be obtained as well. Even if you don’t want to go with the same company, you can go through the same agent and you can talk with them should any troubles arise.

 

Using an independent insurance agent has more pros than it has cons. From understanding your insurance policy to finding costs at prices you thought were impossible, independent agents are here for you. Make sure that your small business is protected with the right commercial insurance policy. Contact Abatelli Group, Inc. for a proper policy on your insurance needs.

6
Jul

Which Liability Insurance Do You Need to Insure Your Home Business?

Running a home-based business isn’t easy, here’s how you can insure it to protect your business equipment. 

If you run a business from the comfort of your own home, you may not have enough insurance to protect your business equipment. A standard homeowners insurance policy provides only $2,500 coverage for business equipment, which likely is not enough to cover all of your property associated with your business. As a business, you will likely need coverage for liability and lost income.

Regardless of what insurance policy you choose, you need professional liability insurance. Here are the three basic kinds of liability insurance you should consider — depending on the nature of your business.

 

  1. Homeowners Policy Endorsement

You may not need to take out an entirely different policy. A homeowners policy endorsement just adds protection to your already existing homeowners policy to double your standard coverage for business equipment like computers and printers.

 

  1. In-Home Business Policy

An in-home business policy provides more comprehensive coverage than the homeowners policy endorsement. In addition to the protection for your business, this policy could reimburse you for the loss of important papers and records. It may even pay for the income you lose if your home is badly damaged from a covered peril that it forces you to temporarily pause your business.

  1. Business Owners Policy (BOP)

If your business is on the bigger side of things, as far as home businesses are concerned, then homeowners insurance policy and any add-ons won’t exactly cut it. It covers business property and equipment, loss of income, extra expenses, and liability—like the other policies, only on a much grander scale.

 

Whichever you choose is best for your business, it’s important to realize that not even your business is immune to dangers. Make sure that your home business is protected with the right commercial insurance policy. Contact Abatelli Group, Inc. for a proper policy on your insurance needs.