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At Paragon Independent Insurance Agency, we provide businesses in the greater Plano, TX area with various commercialinsurance products. So, how do you determine which commercialinsurance products will best protect your business? first appeared on Insurance Blog | Paragon Independent Insurance Agencies.
Brick commercial office building by Binyamin Mellish Expanding your business to a new location is an exciting step toward growth, but it also introduces new risks. From property protection to liability coverage, ensuring your business insurance policies align with your expansion is critical.
For example, the IRC findings across personal auto lines show a dual trend in Georgia of increased claims and litigation. Propertydamage liability claims per 100 insured vehicles are 15 percent higher, and relative body injury claims frequency is 60 percent higher.
Key benefits include: Property Coverage BOPs includes commercialproperty coverage, protecting business personal property and building structures against covered losses like fire, theft, or vandalism. A critical component of propertyinsurance for restaurants is business income coverage.
Optional Coverage Enhancements For added security, landlords can customize their policies with: Flood and earthquake insurance: Protection against natural disasters. Hired and non-owned autoinsurance: Liability coverage for vehicles used in property management. How Much Does a Landlord Insurance Policy Cost in Colorado?
If a client trips over cables during a meeting at your office or your equipment damages their property, General Liability Insurance provides coverage. Business PropertyInsurance Your servers, laptops, and office equipment are essential for running your IT business.
However, with opportunity comes risk: propertydamage, liability claims, and unexpected financial losses can quickly turn a profitable investment into a costly liability. For brokers and agents, understanding landlord insurance in Chicago is crucial for helping clients safeguard their investments while expanding business opportunities.
Shield Insurance Blog | Small Insurance Claims | Contact Our Sales Team! Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor propertydamage, may seem like a hassle to deal with.
Understanding Small Business Insurance in California The Basics of Business Insurance Before diving into the world of insurance savings, it’s crucial to understand the basics of business insurance. Small business insurance covers propertydamage, liability claims, and employee-related risks.
Commercial umbrella : A policy that gives hotels additional liability coverage so they can maintain coverage limits beyond what is available on their primary GL. Commercialauto : A comprehensive policy that covers commercial vehicles if theyre involved in an accident, vandalized, or stolen.
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