Insurance coverage you select now covers your business during a future term. The rates you pay for coverage are intended to reflect your business’s actual exposure to risk during that future term.
For some lines of insurance, like workers’ compensation, general liability or garage liability, exposure is measured by your payroll and sales and other factors that can be difficult to predict precisely. What happens if you overestimate – or underestimate – future payroll, sales, subcontracting cost or other variables? How can you be sure of paying a fair price?
Extra expense coverage can help keep you open for business.
If your business is like most, you can’t afford a shutdown. Fire, windstorms and other perils might cause physical damage to your location, but what about the potential loss of customers?
Extra expense coverage is designed to meet the needs of businesses that can’t afford to be closed for an extended period. Extra expense covers costs incurred to minimize disruption to a business and reduce the potential for lost customers.
Avoid driving distractions; pull over when you need to use the phone.
Every business owner wants to see that employees get safely to the jobsite or that cargo or products are safely delivered to their customers. Every year, distracted driving becomes a bigger barrier in the way of that goal.
The primary task of anyone behind the steering wheel of a car or truck is to safely control that vehicle on and off the highway. All too often we see a news report that starts with something like, “This morning’s fatal auto accident on the inbound expressway was caused when a distracted driver…” Driver distraction is anything that diverts the driver’s attention away from the driving task onto another activity. In 2011, 10 percent of injury crashes were reported as distraction-affected crashes, according to National Highway Traffic Safety Administration (NHTSA) figures. That year, 3,331 people were killed in crashes involving a distracted driver and 387,000 people were injured, the agency noted.
Equipment breakdown coverage can protect your business.
Tornadoes and fires may or may not happen to you, but like the human body, from the day it first goes into operation your business equipment begins the journey to its eventual failure.
Standard commercial property policies typically don’t protect against unexpected equipment breakdown, and warranties, service contracts and preventive maintenance agreements only cover so much. Adding equipment breakdown coverage Read More