missouri insurance education

missouri insurance education
What is Commercial Insurance?

Put simply, commercial insurance is protection for your company. From new start businesses that are well established, an unexpected event could destroy your business if adequate cover is not yet available.

With so many products and vendors, it would be easy to believe, Commercial Insurance was a complicated matter. However, it is not this way. Insurance companies can be divided into 3 key areas:

1. Keep it legal
2. Protection
3. How to buy

Keep it legal

Certain types of coverage are required by law. Employers' liability insurance, based on exposures of workers in case of accidents and disease, they may as a result of the work for your company, is a kind of cover the purchase. You will also need to purchase a minimum of Motor Insurance for all motor vehicles issued by the company.

Protection

Ensure you have the right cover and protection is of vital importance, so that time must be taken to ensure that you have a policy (or policies) that give you exactly the level that you need. This need not be a complicated task when you are on your requirements:

Make your people - many companies are often dependent on the people they employ. Insurance is available to the Company in the case of employees unable to work. Type of cover are Keyman insurance, income protection, Directors' & Officers' insurance and private health care and critical illness cover.

The usual risks - specific risks that apply to all companies. These include fire, theft and equipment failure. It's worth it, (or someone for you to consider) whether common risks, such as buildings and contents insurance, money and goods in transit insurance and business interruption insurance may be covered under an all risks policy type. This can save your company time and money.

Specialist - depending on the industry and requirements, policies can often be packaged together with some even industry-specific packages to specific sectors such as engineering or manufacturing. Other specialists include the available public and product liability and professional indemnity cover.

How to buy

Commercial Insurance is more often than not bought with an insurance broker. The advantage of using a broker is that they are insurance professionals, the policy to recommend you to search the market to find the optimal treatment.

A good broker offering a personal service and will understand your needs and your company. In search of an insurance policy, it is worthwhile to examine whether they are well established, have systems with the leading insurance companies and whether they are local and personal service.

If you follow these simple tips then the chances are you and your company would like for the right to the protection and peace of mind.

This article was written by Mark Burdett, Marketing Manager for Northern Counties Insurance Brokers. Mark has over 17 years marketing experience in the financial services industry and has contributed to the campaigns for companies such as Norwich Union, Kia and Zurich.

Now based in Newcastle upon Tyne Mark is Marketing Manager for one of the UK's Leading Insurance Brokers - Northern Counties Insurance Brokers.

Northern Counties have been the business of insurance companies since 1928 and is available on 0191 482 1219 for all your commercial insurance and business insurance.