It is surprising how often you hear stories about how someone chose the insurance company that covers his or her company, home, or life. Perhaps the individual knew the agent in school, or his or her parents used that company. Remarkably, very little thought often goes into selecting and retaining a company that may be insuring part of your future.
Making a wise decision regarding the right insurance firm can be difficult because of all the insurance storefronts in most towns. Another problem for many small businesses or startup owners is the time it can take to interview companies and compare rates. Program Business understands the problem many company owners can face, so the indemnity company put together a list of insurance storefronts to simplify the search.
Understanding the different types of insurance programs available, and if you will require specialty or add-on insurance policies is the first step in locating insurance in your area. Do you require off-site insurance, a construction policy, employee operation terms, or inland marine coverage? Once you decide the type of coverage you need, you can begin discussing deductibles and premiums.
One thing you should remember is that the agent may cover you with a package of insurance, but he or she works for a company – not you. Discuss claim methods and payout processes to understand the business better before you decide on an agent that will protect your future.
As a business owner, it’s your responsibility to make sure your employees receive the insurance coverage they’re qualified and entitled to receive. The better your insurance offerings, the more likely you are to attract good employees that will stay with you for the long term. One of the policies you can potentially save money on is an accidental death coverage policy. Since it can frequently be combined with a group life insurance policy, accidental death and dismemberment (AD&D) plan can be quite affordable.
What Are the Details?
AD&D insurance from iSure Insurance covers the unintentional dismemberment or death of the person insured. Dismemberment can include the loss of use or complete loss of certain functions or body parts. Loss of eyesight, limbs, hearing and/or speech would all fall under accidental death coverage. The policy will pay benefits (on top of any life insurance benefits) if the insured dies accidentally. Policies are designed to be renewed periodically.
Are There Exclusions?
Every insurer has a list of circumstances that are excluded from accidental death coverage. For example, many policies will not cover death by suicide, illness, war injury or natural causes. However, traffic accidents fall, homicide, drowning and heavy equipment accidents are typically covered. Talk to your insurance agent to find out what exclusions are included in your policy.
A laundromat is a hub of activity from the moment it opens to long after it closes. While as a business owner or manager you may want to be onsite making sure nothing happens at all time, accidents can happen in even the safest locations. That why it is imperative to acquire coin laundromat insurance as soon as possible. With just a few of these types of relevant policies, you can better protect your laundromat at all times.
Washers, dryers and other equipment are the blood of a laundromat. If there are frequent machine breakdowns, clients can feel frustrated and move to another local laundromat. Equipment insurance can help in case of damage or breakdowns depending on your insurance contract.
Dozens of clients come and go from a laundromat. Each customer is also usually maneuvering around a laundromat during their time there. Now, imagine what would happen if one of these clients slipped on a spill or water puddle on your premises? These days, a lawsuit is likely to follow. Thankfully, general liability insurance is there to help with any medical or legal expenses that may arise.
You can never go wrong with flood insurance. Having a policy built for the risks of a laundromat can save you big time over the years.
Make sure to consider employment practices and property insurance in your coin laundromat insurance package.