Customized Shop Insurance Coverage

Written by Michael on . Posted in Business Insurance 101

There are plans to customize insurance covers on different levels specific to cover the liability for both the business owner and clientele. Referred to as the garage keepers insurance policy, the policy covers both liability responsibility and the customers vehicles while it is still in the repair shop. The garage insurance protects the business owner against theft, or any damage to the customer’s car due to a mechanic’s negligence.  However, under the general liability insurance, the cost of the vehicle repairs is not covered, unless and until, the customer has opted for a comprehensive coverage.

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Are You Prone To Cyberattacks?

Written by Michael on . Posted in Business News

The upcoming International Human Factors and Ergonomics Society that we come across is going to reveal specific attributes of email users that are more vulnerable to scams and  attacks in the virtual world. Their cognitive, behavioral and perceptual traits were looked into to draw some conclusions. The researchers have found that women and those who are introverted or overconfident are likely to be an easy victim for these scammers. They are not able to make out those fraudulent emails and fake correspondence, with an ulterior motive to get passwords and credit card information, or to send viruses. These victims were not only overconfident but had full confidence in their ability to remain protected.

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Need of Commercial Vehicle Insurance

Written by Michael on . Posted in Commercial Vehicle Insurance

It is easy to understand why we need vehicle insurance. After all, we would like to keep your family and your property safe. Moreover it is legal in most countries and states to get auto insurance. However, it often gets confusion as to when to get a commercial vehicle insurance. There are certain vehicles that do not get covered under the regular auto insurance policy. For example, if you run a business and use a vehicle or a number of vehicles to run the business, then you will need commercial insurance for these vehicles. You must have insured your business, so why not the vehicle that is being used for running it.

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Why do we Need General Liability Insurance

Written by Michael on . Posted in General Liability Insurance

Lawsuits are a constant threat to a company, big or small. Any negligent acts or running bad venture capital can lead to big trouble. This is the reason why most businesses like to protect themselves by getting a commercial general liability insurance. While the insurance will protect against the legal hassles, it won’t offer protection to the directors and officers. There are specialized policies to help get cover form special cases and protection against errors and omissions.

As a business owner, one needs some kind of liability insurance to protect your livelihood. Even a minor accident or issue could result in a lawsuit that would get difficult for you to handle. Carrying sufficient general liability insurance is the best way to get complete protection. Some workers would require that you carry some amount of general liability insurance before they will work for you.
Let us take a look at different liability insurance and whether they meet your coverage needs.

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About General Liability Insurance

Written by Michael on . Posted in General Liability Insurance

Are you planning to start a business? Well, then try to learn more about the general liability insurance and what it is all about and what does it mean.  It is essential that you learn about the general liability insurance and what it actually means and how is it important.

Liability insurance actually protects a company, its assets, the employees, etc. It also covers any legal defense for any settlement is case one is sued.  It will cover any nonmonetary losses, compensatory damages as well as the punitive damages.  It can also protect you against any liability if there is any damage to a rented property by you. It also covers claims of false advertising and copyright infringement. Does your business need liability insurance? Well, read on to find out.

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