Business insurance

clients at your home office if you run a home-based business. In a home-based business your bigger concern is protecting the equipment (property insurance), not the customer liability (casualty/liability insurance). Depending on the scope of your home-based business, your homeowner's policy might not be enough to cover the cost of your business equipment. A homeowner's policy usually covers for a small amount, but it is often not enough to cover you business equipment losses. If this is the case, you will have to shop around for more substantial business insurance or increase the coverage of your homeowner's insurance. Even if you are not meeting clients in your home, you might have liability issues. If, for instance, you are selling food products wholesale or creating a product, your product will still have liability. You should get…

If you’re a small business owner in the market for business insurance Frisco TX, you’re likely to find that the world of business insurance is a complicated and expensive one. If you’ve ever purchased personal insurance, like life, home or auto, then you know that there are many variables and pitfalls when it comes to choosing the right policy. When you buy business insurance, you’re doubling, tripling and even quadrupling the number of variables and pitfalls you’re going to encounter because…

widespread adaptation of e-business as an effective strategy. Additionally, e-business not only promises to expedite the work process, but also to make it cost-efficient (Chatterjee, Segars, & Watson, 2006). Therefore, Northern Insurance implemented an e-business strategy by making a huge investment on the Technical Underwriting Financial System (TUFS) (McKeen & Smith,…

This is because many of Jackson National Life’s competitors have been in the insurance business for a long time. The solution to this problem is that Jackson National Life needs to come out with new and innovative products that the consumer wants. Jackson National Life needs to make sure that their products are efficient (meaning that it is at the lowest cost it can possibly be while still making profit), effective (meaning that their products will have the most value possible for the…

The traditional processes that have characterized the insurance industry are fast changing due to technological innovations (Equinix Inc, 2014). Distribution has expanded to include different channels between the insurance companies and customers. Internet and mobile devices are the new sales channels. However, they have a small market share with reference to premiums. Sales are still dominated by agents and brokers among other intermediaries. Despite this, the data on e-commerce insurance hide…

know and what information to prepare before buying insurance for your business. It really isn 't hard to be ready for this important decision, if you take simple steps, like assessing the risks you face for your particular business, working with a reputable agent who knows your industry, and making sure you get enough coverage. Your insurance should be affordable and cover a risk your business can 't afford. One comparison would be a homeowner buys insurance to protect his home from fire,…

like superheroes, insurance companies can protect you from loss by covering your assets. Insurance carriers around the world provide service to policyholders, guaranteeing coverage to both businesses and homeowners. In order for a company or family to be insured there must be a viable risk in order to provide service. These elements incorporate a large number of insureds, no counterfeits, accidental loss, financial burden, affordable and calculable insurance, no catastrophes, and pure risk only…

Allstate Corporation, a publicly held company founded in 1931, will be the organization utilized for this particular course. Moreover, Allstate began when Sears Roebuck and Co. got the idea to start an auto insurance company and sell insurance by mail (Haas, Zils, 1994). Furthermore, Allstate Corporation is the nation’s second largest insurer of automobiles (Moskowitz, 1989). In addition to automobile insurance, Allstate Corporation has offered the following products to its consumers:…

Many insurance companies now offer what is known as employment practices liability insurance (EPLI). Whether an employer elects to purchase such insurance coverage is a decision which should be made with care and only after a complete review of various options open to the employer. Your insurance agent or human resource consultant may urge your business to purchase employment practice liability insurance (EPLI) in the hope or belief that this insurance will protect your business against the…

Why Insurance is Important to Me My life is always going through stages. This also includes my money. Either it is growing or its going. My life and my money are always going through some risky events . I have to have that protector when risk presents itself. So I appreciate the invention of insurance. It was made to be a protector of all the things I treasure the most- my life, family, auto, home, etc. It is inevitable how much money plays such a major role in the events of our lives. It is…