Business insurance coverage: how much of it do you need?

Because of all the risks that come along with owning a business, most of the young entrepreneurs choose to have their business insured. Business insurance needs vary from one to another since not all of them have the same field of activity. In this article, we will discuss the most important benefits that an insurance package for a small company should include.

First of all, maybe the most important insurance policy that any company should have is property insurance. If you own this, you will no longer have to worry about unexpected costs that can occur if your company`s building gets affected by any means. Besides covering the costs of repairing the building, this type of insurance policy also covers the items inside such as merchandise, furniture, and even electrical devices.

Another policy that a small company`s business insurance should have is liability insurance. This covers the costs of damage to property or injuries that someone else may suffer, because of your fault. It is very important because a customer who suffered any kind of injury while on your property can choose to sue you if he thinks that you are held responsible of his injuries, and as we all know lawsuits nowadays can be very expensive.

If your company uses cars or trucks in some manner, auto insurance should also be included in your insurance package. This way, if any of your drivers has an accident, the costs of repairing the car will be entirely supported by your insurance company.

Because business insurance is so important, there are insurance companies that offer such services in areas such as Freeport, Hempstead, Long Beach, and even Long Island, and as a consequence of the fact that their number is increasing, the price you have to pay in order to ensure your company has dropped, making it affordable to every young entrepreneur.

 Auto and car insurance tailored to your needs

When it comes to auto insurance we all want the same thing; the best possible coverage at the lowest possible price. Well, that’s exactly what you will get when you deal with a reliable and reputable independent agent in your location. Dennis Miller is recommended independent insurance agent that serves the communities of Nassau County, Oceanside, Suffolk County and Westbury for reliable and cost-effective car insurance solutions.

Let’s deal with coverage first. There are different risks and as a result, there are different auto insurance policies that deal with potential risks. Risks include car accidents, auto theft, vandalism, acts of nature and human acts. There is also the risk of being sued by a third party for injuries or damages sustained as a result of your negligence. There are different policies that deal with these risks and some of these include collision insurance, no-fault insurance, liability cover, theft insurance, flood insurance and so on.

When it comes to the cost of car insurance there are a number of factors that come into play. Different carriers have different packages and cost structures and your agent will be able to match the best auto insurance plan to your circumstances. Other factors include the type of vehicle insured, your driving record, your credit history, where you live, your age and your lifestyle. These and other factors affect how a carrier perceives the risk posed by you and your circumstances. The higher the perceived risk, the higher the cost.

The more positive bits of information you can provide your agent the more likely you will be to qualify for lower premiums and better terms. For example, if your vehicle as an anti-theft device this will reduce your costs for theft insurance. If you can show you attended a driving safety course it could lower the cost of your collision insurance.

So consult with your local agent and let them negotiate the best auto and car insurance for your needs.

Business insurance covers your commercial risks

As a business owner or manager, you have many things to deal with on a daily basis and you should not still have to worry about insurance issues.  If you have a business in Freeport, Hempstead, Long Beach or Long Island you can leave commercial insurance needs in the professional hands of Dennis Miller. When you deal with a reliable and independent agent you can be confident that your business insurance is sound and that your vested interests are protected.

We live in a dangerous world and there are risks all around us. There is only one economical and sensible way to protect your business and yourself against severe financial losses and that is through proper commercial insurance. As a businessman in New York, you cannot afford to have toxic business insurance.  Commercial insurance is a complex field and there are many options and choices. The only way to have sound business insurance is to deal with an insurance expert who can tailor a commercial package that addresses the real risks of your business activities.

Business insurance at its core should cover your assets and your liabilities. This coverage should be effective for specified events such as fire, theft, vandalism, accidents, fraud, floods and other events that could reasonably occur. Unfortunately, there is not a one covers all policy and your insurance will be spread across different policies. Each policy deals with a specific set of assets and possible events.

Some examples of business insurance include

• Property insurance
• Business owner’s policy
• General liability
• Commercial auto
• Workmen’s compensation
• Group medical
• Builders insurance
• Marine insurance
• Flood insurance
• Professional indemnity
• Errors and Omissions
• Umbrella insurance

As you can see it becomes quite difficult to figure out which mix and match of policies is right for your business. The best way to deal with this is to discuss your business insurance requirements with a professional and independent agent who will ensure your best interests are looked after.

Homeowners and property insurance from a trusted source

When you own a property you have to have homeowners insurance, but we all want property insurance that is affordable and cost-effective. You want the maximum coverage for the lowest rate and you want it from a top-rated carrier.

Dennis Miller Insurance offers best value property insurance in Nassau County, Oceanside, Suffolk County, and Westbury. Since they have access to the best carriers in the country they can source the best homeowner’s policy for your situation. Even if you live within a mile from the coast a professional independent agent can still negotiate competitive rates for your property insurance.

Home owner’s insurance rates can vary widely depending on a number of factors such as coverage selections, location, credit history, claims record and deductibles. An independent agent will obtain proposals from different A+ carriers, weed out unnecessary coverage selections and choose your deductibles intelligently. You can get substantial premium discounts in exchange for higher deductibles.

When you live close to the coast a number of additional factors can influence your rate. These include elevation and distance to water. Ensure you provide your agent this information in order to negotiate the best possible rates. You may also need to have a flood policy in place in order to qualify for normal property insurance. A smart thing to do will be to seek out a trusted and reliable agent who understands insurance requirements in your area. Provide your agent with all the relevant facts and then let him or her get to work and source you the best value property insurance possible.

This way you will know you are adequately covered, come floods, rain or snow.

he most important thing is to find a knowledgeable agent that you can trust, tell him your story and let him get to work.

Proper flood and home insurance gives you peace of mind

Home insurance does not normally include flood insurance and this is an important aspect you need to check in your homeowner’s policy.  It is well known that flooding is the country’s number one natural disaster risk. If your community participates in the NFIP (National Flood Insurance Program) then you could qualify for flood insurance from the Federal program.

It is a good idea to contact an agent that is connected to or understands fully how the NFIP works. Dennis Miller Insurance serves the communities in Freeport, Hempstead, Long Beach, and Long Island. They are home and flood insurance specialist who can assist you with the cover you need to protect your property and your related financial investments.

This way you will get the right flood insurance that covers you for losses as a result of

• Overflow of inland waters
• Overflow of tidal waters
• Runoff of surface waters
• Mudflows

They will also advise you about specifics that are not included in your flood insurance.  Some examples could be landslides, sinkholes, and subsidence.

Apart from flood insurance you also need sound home insurance that will cover you for general risks such as fire, theft, and accidents.  A good dose of liability insurance should be Includes in your homeowner’s policy to cover you for liability claims that could result from an accident or mishap in your home.

When you deal with a reputable agent you can be sure you are covered for your main risks. Then you won’t need to worry about questions such as:

• Am I insured in the event of an earthquake?
• Am I insured in the event of a mudslide?
• What is the insurance-related difference between a mudflow, mudslide, and landslide?

Knowing that your home and property is adequately covered for major risks will give you the peace of mind you need and deserve.

Commercial Insurance Tricks That Really Work

Are you searching for ways to lower the cost of your commercial insurance?

If you are running a small to medium size business, every penny in your business counts. A lot of business owners from Nassau County, Oceanside, Suffolk County, Westbury think that they pay too much for their business insurance, but the truth is they have not done their homework before signing the insurance policy.

Here are some tricks that can save you a lot of time and a noticeable amount of money when it comes to choosing the right business insurance for you:

1. 1.       Shop around

Before you sign any kind of deal, you need to be sure that there is not a single better offer on the market than the one you are about to accept.

1. 2.       Trust your broker

A commercial insurance agent that you trust and that trusts you is the best business relationship you can establish. Once you two get to know each other better and trust each other, you will see that the broker will suggest better insurance deals, they can guide you to specific insurance policies that meet the needs of your business.

1. 3.       Know your credit level

If you have a great credit history you can use it to your advantage. A great credit proves that you are a low-risk holder and that you are entitled to get lower premiums. And by the way, choose to pay the premium upfront instead of dividing it into monthly payments. Usually, business owners who do this will get a discount on their premium cost.

1. 4.       Don’t get too much coverage

Don’t pay for coverage you do not need. Work closely with your commercial insurance agent to make sure that the business insurance policy covers the things you need, but leaves aside the things you don’t need. A good example is seasonal businesses: shop for policies that allow seasonal adjustments.