What should I know before buying insurance online?
Buying insurance online is fast, easy and can save you time. However if you have not spoken to us regarding your personal situation, we would like to chat with you first.
We want our clients to make informed decisions to ensure that they have the greatest coverage within their budget. At times, we have experienced instances where people have not been fully protected because they focused soley on the price without thought to their limits. Unfortunately, it is only when they experience a loss that they realize the full impact of their decision. Let us help you to assess your risks to find an insurance plan to meet your personal situation. Your property and assets are too important to "unknowingly" put them at risk.
Read more at: http://www.insurancetipstoday.com/Back to TopShould I consider a personal umbrella liability policy?
An umbrella insurance policy, also know as excess liability, provides an additional layer of liability insurance coming into effect once the underlying limits are exhausted or the retention level is met. This single policy acts as an "umbrella" over all of your other personal liability policies (home, auto, boat, RV, etc.) so you have a higher personal liability limit than what would otherwise be available. This protection will “kick-in” when the liability on other current policies have been exhausted. Consider this scenario:
Your home is insured for $500,000 in liability coverage.
A person has a serious accident on your property and you are sued for $ 1.5 million dollars.
This results in a gap in coverage amounting to $1 million dollars placing your home, wages, and investments at risk.
With an additional $2 million in umbrella insurance, your assets are fully protected. Back to TopWhat is a Business Owners Policy?
This is a policy designed to provide many types of coverage under one policy such as business auto, liability, and property. It is designed for small to medium sized businesses that are specialized. Such as Artisan Contractors, Janitorial, Landscape Contractors, Beauty/Nail Salons, and Restaurant or Deli’s. To complete a request for a free quote, simply complete our short BOP insurance quote form
or call us today!Back to TopWhat does Professional Liability cover me for?
It covers you for claims made by your clients against you or your firm for services rendered by you.Back to TopHow much does Professional Liability insurance cost?
Price is determined primarily by your gross revenue on an annual basis, then other factors are weighed, such as, how many professionals give advice, what internal controls you have in place, if you have any claims, and what limits and deductible your firm needs.Back to TopHow much Professional Liability coverage do I need?
A general rule of thumb is to get limits in excess of what you gross annually, but other factors come into play, such as your personal assets that you want to protect, what exposures you have for the type of work you do, what net worth do your clients have, etc.Back to TopHow does Professional Liability insurance work?
When you first start with coverage, your policy will cover you for services rendered on a going forward basis. Each year you renew, your policy will cover you for services rendered from your initial start date (prior-acts date or retroactive date). Premiums are initially discounted by approximately 50% since the carriers do not expect to see a claim for a few years. Your premiums "step up" until the mature year when you reach the actual 100% premium level.Back to TopWho do I contact if I have any questions regarding my Professional Liability policy?
You can always call us
or use your desktop or smartphone to access our website. You will also have access to Claims Representatives, Subpoena Experts, and Risk Management Professionals depending on your circumstances.Back to TopWhat do I need to look for in a Professional Liability Program?
Does the carrier have Risk Management Support which can be critical to get your issues addressed in a timely manner? Does the carrier have experienced counsel at reasonable rates? If not, will I be blowing through my deductible quickly? Is the Program affordable overall, not just the premium but all components? Has the carrier shown a commitment to the profession by offering years of continuous coverage? Many carriers get in, collect premiums, then get out and move onto something else. All of these issues must be evaluated and considered.Back to Top