Finding The Right Insurance Carrier For Your Business

Arroyo Insurance Services

There are plenty of insurance companies in Glendale offering similar coverages for your business. With so many options, you may be tempted to simply settle for the one with the lowest premium. While your budget certainly should factor in your decision, choosing the cheapest option just for the sake of doing so isnt always the best route to take. Here are two factors to consider when identifying the right insurance company.

Coverage Options

As previously stated, most insurance companies are going to offer similar coverages, but you want to make sure that those offerings align with your needs. If youre a manufacturer youre going to need different coverages than a real estate agent. The types of liability or property coverages youre going to need will vary depending on your industry and the insurer should have specific coverages for yours.

Customizable Policy

In addition, the insurance provider should be flexible enough to allow you to customize your policy as necessary to cover your needs. The ability to add, remove and combine coverages is critical, especially for small businesses who may have specific needs and tighter budgets. You should find out early on if a prospective insurer is willing to build your policy as your needs dictate.
According to Arroyo Insurance Services, its important that you have access to the necessary coverage options and to be able to combine them in a manner that works for you. Assess each potential insurance providers ability to work around your needs before signing up for your new policy.

How the Right Insurance Policy Protects Your Laundry Business

commercial laundry insurance

While it’s a given that any business needs to manage risk by investing in comprehensive insurance coverage, it’s just as important to realize how different one industry can be from another. For instance, a car dealership isn’t going to have the same needs as a contracting company or a medical facility. A laundry facility is naturally going have very specific needs of its own, so commercial laundry insurance is an absolute must. Here’s a look at how the right policy can help your company stay ahead of the curve when it comes to risk management.

Your commercial equipment and property are quite literally your bread and butter when you’re in the laundry business. Commercial laundry insurance covers the potential loss, damage, or destruction of the industry-specific property you count on for your livelihood.
If your laundry facility counts on one or more vehicles in order to serve your clientele, your policy can take care of the necessary insurance.
Commercial laundry insurance keeps you protected in regards to numerous types of liability as well, up to and including employee injury, as well as the damage or loss of customer property.

At the end of the day, your business is much too important to trust to just any policy. Make sure yours is tailored specifically to those in the laundry industry, as well as to your unique business in particular.

Covering Past Liability

prior acts insurance

Every person that has ever existed has made mistakes, and people will continue to do so indefinitely. In your mind, you have likely thought deeply about an incident that you wish could have turned out differently. This mental practice can drive specific individuals crazy because there is typically nothing that can be done retroactively. You are probably thinking of building a custom Delorean, but life does not always imitate art. In the insurance industry, there is a way to protect oneself from prior acts, and it involves prior actions of insurance. Prior acts insurance is seldom spoken about because the implications do not lend to many claims.

Understanding Prior Acts Insurance

For prior acts insurance to function correctly, the respective policy cannot contain a retroactive date. In this case, a claim can be filed for an act that took place at any point in time in the past. Since these cases are not that common, it is essential to already have some form of coverage before completing your application. This will make the application much more manageable and will put you in a better position to acquire the policy you seek. It is in the insurance agency’s best interest to not extend this policy to people that do not already have a form of liability insurance.

The Contrast Between Public Liability and General Liability

public liability insurance vs general liability

As the owner of a business, you will need some form of liability insurance to protect your property and cover your responsibility after an incident. Generally, you will have the option to choose between public and general liability insurance. Learn more about the differences between public liability insurance vs general liability to choose the best policy for your business.

Public Liability

Public liability insurance has a more limited scope, as it specifically covers loss, damage and injury caused by or involving the general public or third parties. These individuals are generally clients and visitors. This coverage is relevant if you own a business that the general public has access to, such as a retail store or a restaurant. It covers less than other plans, but it is also an affordable, basic option.

General Liability

In contrast, a general liability insurance plan offers much broader coverage. In this policy, not only is the business liable to injuries and property losses involving the general public, but also the company’s employees. Additionally, it covers other situations, such as workplace injuries caused by negligence, malfunctioning products and other cases of property loss. This policy also includes medical and legal costs and costs more than the public.
Now that you know about the benefits of public liability insurance vs general liability, you can select the best plan for your business. Consider your property, clientele, and scope before choosing your insurance.

Extended Reporting Period Coverage and Your Business

erp insurance

While examining potential insurance coverage for your business, you might notice some policies offer a handful of additional options. ERP insurance, for example, is an option that grants a policyholder an extended reporting period. This allows you the chance to report a claim even after your policy period has ended. This option is also referred to as a tail policy.

Do You Need an Extended Reporting Period?

Determining whether or not you need this option comes down to the exact nature of business you own. A tail policy is most beneficial to businesses that will be closing down or sold to another owner at some point in the future.

Determining the Plans Length

If your business is a good fit for ERP insurance, then you need to determine how long of a coverage period you should be purchasing. A 3-year plan is the most commonplace option to consider according to experts. Still, you may find a 5-year plan is a more practical fit. Base the plan on the unique needs of your business and youll find the best timeframe. Remember, claims can be reported past the end date of the policy, but the incidents had to have taken place during the policys active period.

Evaluating the options offered for your policy coverage can help you make the most of your plan. An option like ERP insurance can make a world of difference for your business.

Building a Marketing Strategy for Your Insurance Business

insurance marketing

In order to provide services for customers, insurance companies need a marketing strategy that helps reach out to consumers. That means you need a specialized insurance marketing plan that uses techniques and methods that work in your industry.

Techniques That Work

When you think about developing a marketing plan, there are some standard options that most businesses choose. However, it is important to consider which strategies work for the insurance industry so you can effectively market your services to the right audience and engage with your clients in a meaningful way. Some of the methods that bring results include the following:

Social media marketing


Search engine optimization

Content marketing

Website design and development

There are also offline marketing techniques you may want to consider. This includes brochures, postcards, newsletters and even direct mail. By combining different methods, you can reach different segments of your audience, effectively broadening your overall reach to boost your results.

Creating a Marketing Plan for You

While people and businesses all need insurance policies, that doesnt mean your insurance business should avoid marketing. On the contrary, increasing your efforts can help you gain more clients and keep up with the competition. To build an effective insurance marketing strategy, you need to look at the trends in your industry to determine which methods work best within your budget.

How to Protect Your Healthcare Business

allied healthcare liability insurance

All businesses face some risks that are specific to their industry. Companies that work in health can be subject to more than most, particularly when dealing with a vulnerable population such as the aging or the very young. It’s important to make sure that your allied healthcare liability insurance takes into account the additional risks you face.

Risk Assessment

The first step in helping you deal with risk is assessing how you are doing in this area. Your representative should visit your facility and do a thorough check on the systems and practices already in place, highlighting where you’re doing well and where there is room for improvement.

Risk Prevention

A good insurance company should help you to prevent problems. The first part of this is the assessment, but that’s not enough on its own. Your provider should then offer solutions on how to put your business less at risk. This can and should include training for employees, as well as an outline of how patients can improve their personal safety.

There are basics of business insurance that all providers will be able to offer. But to ensure that your allied healthcare liability insurance is truly going to cover you when and how you need it to, ask a company that specializes in that area to advise you on what they can offer.

Common Start Up Costs for a Wine Business

Commercial Insurance Bergen County

Aspiring vintners relish the swirl of wine in the right class, sniffing deep of the richness within and creating the perfect harmony of flavors. Starting a wine business though takes hard work, passion, dedication, and money. Consider commercial insurance Bergen County as part of your startup costs.


Finding a suitable piece of land can be pricey depending on the location and acreage needed. The land needs to have enough space for the vineyard, tasting room, storage, fermentation, bottling, office and cooperate.


The wine business combines the skills of a farmer and the taste buds of a vintner. Planting, growing and harvesting grapes require specific equipment to have a good crop and efficient operation. Filling the benefits of the bottles from a bottling line. Store them in the right conditions using refrigerators and cellar equipment.


The reality is that most vineyards take a few years to reap the rewards of their efforts. Outside financing is how most get started through a traditional bank loan with the help of business credit cards, equipment loans and lines of credit.

Commercial insurance Bergen County helps protect that investment you made. Should theft, negligence or fire cause financial loss, the right insurance policy can step in and ease some of the pain. Financial loss from a lawsuit or disaster shouldn’t snuff your dreams before they become a reality.

What to Look for in Timeshare Property Insurance Plans

insurance programs for timeshare properties

When embarking on the exciting new adventure of owning a timeshare in a beautiful vacation destination, it is important that you do not forget to consider looking into insurance programs for timeshare properties. With specialized and full-value insurance that is specifically designed for the needs of timeshare properties and those who own them, you can rest easy. After all, that is what owning a timeshare should be all about.

A Couple of Questions for Your Insurance Broker

As you compare different insurance programs for timeshare properties, make sure to ask your insurance broker or agent a few pertinent questions.

1. How Much Liability Coverage Can I Expect? A solid insurance plan ought to have general liability insurance. However, with timeshares you may encounter a few unusual areas that need coverage. If the timeshare is in danger from hurricanes or earthquakes, look into umbrella liability coverage. If you serve on a timeshare association board, ask about liability insurance for directors and officers.

2. Is Workers Compensation Included? Since most timeshares come with hired staff to make sure the grounds and property are in good order, you may think you do not need to think about workers compensation.

However, in the event that residents or volunteers perform work and are injured, you could be liable for their damages. Check whether the insurance programs for timeshare properties cover workers compensation. With proper insurance coverage, you can better enjoy your relaxation time.

Three Business Coverages For Restaurants

albuquerque insurance agencies

Owning a restaurant can be hectic and thats not even including the crazy schedule, managing suppliers and dealing with unruly customers. With all that going on, making sure you have the right insurance coverage is probably the last thing on your mind. As you prepare to open your new restaurant, here are three basic coverages to ask about when interviewing Albuquerque insurance agencies.

General Liability Insurance

General liability protects you in case a third party suffers an injury or property damage on your premises. If they choose to bring a lawsuit against you, your policy would cover your legal costs including your attorneys fees, settlement and judgment amounts.

Property Insurance

As the name implies, property insurance protects your business property against damage or loss caused by certain events such as fires, storms, theft or vandalism. Your policy would pay to replace or repair your covered items which can include your building, landscaping, furniture, and digital property.

Worker’s Compensation Insurance

Restaurant employees face a lot of risks as part of their everyday jobs. If one of your employees were to get injured or become ill because of job-related activities, your policy would be there to cover the medical and rehab costs as well as any wages lost while he or she was unable to work.

With these coverages serving as your foundation, youre now ready to sign up for your full business insurance policy. Work with Albuquerque insurance agencies who possess the experience to help you craft the perfect policy.