histórias de Businessinsurance

Carrying the right insurance policies with the right coverage limits shields businesses from being financially wiped out due to underinsured or uninsured business losses. Within 10 years, about 40% of all American businesses file a claim with their insurer. This means that there is a good chance that your business insurance will be of benefit at some point. Moreover, the cost of liability for businesses is on the rise. From 2016 to 2018, for example, the average cost of commercial tort liability rose by 14%. While this growth is significant, the increase in liability costs was even greater for small businesses, according to the U.S. Chamber Institute for Legal Reform.

Managing a business requires strategic risk-taking, yet misconceptions about insurance can jeopardize your valuable assets. Dive into dispelling ten prevalent business insurance myths to safeguard against potential financial pitfalls. Stay informed for a secure business future.

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EPLI covers lawsuits from employees over issues like discrimination and harassment. Premiums vary based on factors like industry and workforce size. Professional Liability Insurance safeguards against client lawsuits due to service-related errors. Both policies are crucial for comprehensive commercial insurance protection. Contact Spotlight Insurance Agency for tailored coverage in Denver, Colorado.

Suppose you are in a profession that includes advising your client's specific business or representing your client's interests. In that case, you must consider buying professional liability insurance as part of your business insurance coverage. It protects you against your client's claims or losses caused by your services. This blog will discuss five important questions about professional liability insurance. As you answer these questions, knowing whether you need this insurance coverage will be easier. Not having the coverage can otherwise adversely impact your business.

Get in touch with us today to discuss your commercial vehicle insurance needs, and let us help you safeguard your business on the road.