May, 2015

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3 Tips for Buying Small Business Insurance

3 Tips for Buying Small Business Insurance

Covering your business is essential if you want to stay in business. Small business insurance in New Jersey can be a big investment, so you want to make sure that you are getting the best prices possible. When shopping around for policies, there are a few things you can do to get good rates and quality coverage at the same time.

Join an Association

Depending on the business you run, there may be local associations that you can join that can get you lower insurance rates. Some trade associations offer group rates that can help you save a lot of money and still give you the coverage that you need.

Find a Specialized Broker

There are many insurance agents out there who want to sell you a policy, but it may be beneficial to work with one who specializes in the specific type of insurance that you need. A broker who offers only small business insurance in New Jersey may be the best option for you.

Consider a Package Deal

If possible, you may want to purchase multiple policies as part of one package deal. Many agents offer discounts for buying several different types of plans at once. This can help you save on upfront costs, as well as rates.

There are risks that you need to protect your small business from, and the right insurance policies can help you stay in business.

Understanding Miscellaneous Professional Liability Insurance

Understanding Miscellaneous Professional Liability Insurance

Miscellaneous professional liability (MPL) insurance is highly important to ensure a business remains protected when offering a variety of professional services. To this end, securing an mpl hunter policy can afford a business the protection it needs when faced with allegations of negligence or errors related to those services rendered.

What Is Miscellaneous Professional Liability Insurance?

For professions that fall outside the purview of traditional professional liability coverage, an mpl hunter policy can prove highly beneficial. If the service provided by a company incurs a financial loss for an associated entity, that company can be held accountable for such losses. This can result in exorbitant court fees and other expenses if such allegations are found to have merit.

What Sort of Professions Require MPL Insurance?

Virtually every business that provides professional service to consumers should have a professional liability policy in place. While such policies are typically associated with doctors and lawyers, many other professions can also make use of these policies. These include:

  • Travel Agents
  • Process Servers
  • Interior Decorators/Designers
  • Facility Managers
  • Consultants
  • Collection Agents
  • Bookkeepers
  • Architects

Insurance Solutions Tailored to Your Profession

No matter the profession in question, having a reliable professional liability policy in place is vital to continued success for your company. Without the protections offered by mpl hunter coverage, a business may experience a dire financial outcome resulting from a single incident.

Ensure Cargo Is Protected by Working with an Insurance Agent

Cargo Insurance Quote

The days when goods were available only to select markets are no more; no matter what it is or where it is manufactured, most any item can be shipped from anywhere to anywhere–for a price, of course. Keeping costs down is always a concern of any shipper. Just as important, though, is getting protection for the shipment, because anything can happen in transit. A good cargo insurance quote can help offer peace of mind, especially when you consider the following:

Stuff happens when you least expect it

While it’s true that the transit industry transports goods more safely and efficiently today than ever before, there remain many ways and opportunities for items to get damaged along the way.

Damaged goods are your headache

If you are the shipper or consignee, damaged goods are likely your responsibility to deal with, particularly with regard to international shipping, where liability laws tend to favor the carrier rather than the shipper (in order to promote international trade). Reduce the risk of broken or otherwise damaged goods by packing securely, and work with your insurance agent to ensure you have the right coverage so you’re not left holding the bag. Getting expert guidance here is key, because this type of policy often does not have rigid guidelines on requirements; all-risk policies are available (however, some exclusions may apply) and can typically be tailored to meet your specific needs, shielding you from the risks that you are most likely to face.

Ensuring you have the right coverage

As your agent will emphasize, it is critical that you be the picture of transparency when it comes to disclosing to your insurance company the details concerning your shipment–everything from type of item to be shipped, its worth, the method of conveyance, and any other important details that could have an impact on the degree of risk that the provider would assess, or the amount of the cargo insurance quote you receive.

Work with an experienced professional insurance agent to help ensure that your goods get to their destination and all along the way are protected in the event of the unexpected.