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 Posted: Thu Nov 13, 2008 7:23 am Post subject: small business insurance professional |
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Hi,
I'd like to have the best coverage for my business. Since I have a small business it is all the more important for me to have the coverage for which I'd not need to pay uselessly. Are there any insurance professionals or groups who are professionally trained to offer such advice? Dfreeman
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Dfreeman
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| Posted: Thu Nov 13, 2008 10:04 am Post subject: |
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Yes, it could be a bit tough for the small business houses to choose the right business insurance. They would need business insurance that would suit their business operations. Now, it would be up to the insurance carriers to name an insurance company as an "underwriting challenge" or "risk prone".
Thanks, Fatman |
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fatman
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| Posted: Thu Nov 13, 2008 10:11 am Post subject: |
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| Quote: | | Now, it would be up to the insurance carriers to name an insurance company as an "underwriting challenge" or "risk prone". |
It is mostly the service-based businesses that would perform the services for a much lower price, but yeah, there would be more risks associated with such operations. You'll find a good number of such businesses in the form of rare property dealers, alcohol suppliers etc.
Purpleheaded08
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Purpleheaded08
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| Posted: Thu Nov 13, 2008 10:19 am Post subject: |
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See guys, in a competitive market it is not at all difficult to come across insurance carriers who're prepared to cover businesses of varying operations. The challenge lies with identifying the carriers who'd fit into your criteria. I'm sure..you'd be benefited if you'd come across the insurance professional who has specialized in covering your line of business.
Caroline_merquez
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Caroline_merquez
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| Posted: Thu Nov 13, 2008 11:28 am Post subject: |
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Hey dear...whenever you're thinking about consulting with an insurance professional it is better if you'd go for a survey amongst your competitors. I'm sure each one would suggest their own list of such professionals. Over here you might just come across a couple of names that get repeated time and again. So, you'll have a fair idea of who is better and for what reason. Thanks, BarbieL
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BarbieL
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| Posted: Thu Nov 13, 2008 12:24 pm Post subject: |
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You may get your business associated with a professional organization that has a good insurance contact network for its members. I'm sure being a member of such an organization won't be too much of a problem if you're looking for it in the relevant industry. I'm sure they are even gonna charge you lesser.
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ArindamSenIndies
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| Posted: Sat Mar 21, 2009 6:21 am Post subject: |
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hi dfreeman,
happy to join u...! I have recently come across an insurance company which covers insurance even for small business. It would drive your business in a safe side. |
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grahamketty
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| Posted: Sat Mar 21, 2009 1:00 pm Post subject: |
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Choosing the right insurance is the most important step for insurance and you have posted on the right time. Business property insurance is the one, you can go for if the assets are enough. Business disability insurance is to protect your business in case of your disability or illness. Business liability insurance will protect your business as well as personal liabilities and is most important when you have a partnership deed. Errors and omissions insurance are more complex to understand, but you can design your portfolio as the business is and provides flexbility. For any wrong shipments, loss to customers property with employment of subcontractor etc.
For whatever the reason if you own assets, fire protection is the thing you should never neglect for insurance.
You need to design as per your needs e.g. property insurance, general liability, errors and omissions insurance, employee compensation, etc. by managing your finances as well as the minimum risk factors to be covered.
For a high risk business, you need to implement the business risk management report. The underwriters will review them while insuring.
But the best suggestion would be to analyze the most critical parts and the highest risk part of your business and then you can certainly move to a insurance professinal. Then insurance would certainly be encouraging. |
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VIJAYRAJ
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