Understanding Renter's Insurance Plans Understanding Renter's Insurance Plans

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Understanding Renter's Insurance Plans

Hi everyone, my name is James Lewis. Welcome to my website about renter’s insurance plans. When I was renting an apartment years ago, I came home to find the place absolutely soaked with water. Turns out, the neighbor upstairs had an incident with the water heater that was not discovered for hours. Unfortunately, at that time, I did not think to acquire renter’s insurance to cover the damage. Since then, I have explored renter’s insurance options in great detail. I want to share that information on this site to help others understand the important of this type of insurance coverage. Thanks for visiting my site.


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Four Types Of Commercial Insurance You May Need To Buy

Owning a business will require you to take active steps to protect yourself against the various financial threats that the enterprise will face. Commercial insurance policies can help to manage these risks, and if you have recently started a business, there are several types of insurance policies that you may want to consider buying:

Commercial Auto

If you have commercial vehicles for your employees or will be using your own vehicle for work purposes, you will need to purchase a commercial vehicle insurance policy as a standard auto insurance policy does not cover business related activities. As a result, you could find that your standard auto insurance will not protect you in the event that you are in an accident while working. With an auto insurance policy that is specifically designed for commercial vehicle, you can be confident that you will be fully covered in the event that you or an employee is involved in an accident in a work vehicle.  

Workers' Compensation

For those enterprises that have employees, there will always be a risk that one of the workers will be injured while they are working. These injuries can result in devastating expenses for the employee, and your business may be liable for these costs if you do not have a workers' compensation insurance policy. Furthermore, you may find that the government imposed penalties against you or your business for failing to meet the legal obligation of having this protection for your workers.

Errors And Omissions

Individuals that offer services to their clients, such as consulting or design, may assume that they do not need a commercial insurance policy as they may not have employees, physical products, or require a car to do their work. Yet, it is still possible for these services to expose the owner to legal liabilities. This can be in the form of mistakes when performing these services. If you make a mistake that results in financial damages to your client, they may be able to take legal action. Carrying this type of insurance will offer you protection against being sued for accidental errors and omissions in your work.

General Liability

Carrying a general liability insurance policy can be a valuable investment for anyone that owns a business. One of the more noticeable benefits of these policies is that they provide coverage in the event that individuals are injured while they are on your property. This could include slip and falls, faulty furniture, or building components. Considering that fact that many businesses may experience high volumes of guests, they may be at a much higher risk of experiencing one of these accidents.

Contact an insurance company like Martin Insurance Company for more information and assistance.