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Why Choose a Carmel Commercial Package Policy?

Carmel commercial package policy

For those familiar with the bundling of insurance for small businesses, a Carmel commercial package policy works similarly to a business owners policy (BOP), except that a BOP has more limitations and covers fewer areas of risk. The reason why so many companies might prefer a commercial package policy (CPP) is because they are typically written for small to medium sized businesses with specialized risks. Also, the selection of coverage is a bit broader than the lines of insurance coverage available in a BOP, and you can base it on your particular companys needs.

Various policies available under CPP packages

Property insurance coverage will protect your real property (buildings or structures) whether you own or lease, along with business personal property (this includes betterments and improvements to real property), and any inventory exposures are covered as well. You can also choose to insure any real property for replacement cost value or actual cash value. This coverage can also be tailored to fit your individual needs.

General Liability (GL) insurance is kind of the foundation of most insurance packages, both BOP and CPP. This policy helps protect your assets by providing defense against a variety of claims for alleged negligence or wrongdoing. As always, this is subject to any agreements and exclusions contained within the policy. Your GL coverage is designed to keep your operations running smoothly and without major interruption.

Depending on your type of business you may want to include inland marine coverage. This is property insurance designed for property in transit over land, certain types of moveable property, instrumentalities of transportation (such as bridges, roads, and piers, or communication (such as television and radio towers), and legal liability exposures of bailees. Many inland marine policies provide coverage without regard to the location of the covered property; these are sometimes called “floater” policies.

Other coverages to consider include equipment breakdown, business interruption, crime insurance, umbrella liability, and employment practices liability. There is a range of other policies that may also benefit your business, all of which you can discuss with an agent, and determine exactly what falls in line with the type of services or products your company provides.

There are some standard policies that cannot be included in your Carmel commercial package policy, and these include directors and officers, health and disability, life insurance and workers compensation coverage, all of which, if needed, can be purchased separately. Speak to an agent about all of your insurance needs.

Never Do Business Without Commercial Coverage

business insurance va

As a business owner in Virginia, you understand that running a company comes with certain risks. Fortunately, business insurance in VA offers extensive liability coverage at competitive rates, allowing you to conduct business with the protection you require. Working directly with an agent, you can find a policy that best suits your needs, from commercial liability to workers compensation. Take a moment to learn a little bit more about business insurance.

More Options, Better Coverage

Financially backed by reliable insurers, business insurance in VA steps up to the challenge when your company is at stake. With personal, professional attention from a reputable agent, your business can choose from a variety of products, including:

  • general liability,
  • commercial auto,
  • business owners,
  • commercial property,
  • workers compensation,
  • commercial package, and more.

Though these policies may seem overwhelming, in reality your coverage needs comes down to two things: the type of business you are and the type of company you plan to become.

The Power to Grow Your Business

Having protection against the various risks you encounter in business allows your company the room for growth and to pursue more ambitious goals without worrying about the what-ifs. To usher your business into the next era, contact your local agent to begin shaping a policy that’s right for your company.

Cyber Concerns and Austin Business Insurance

austin business insurance

The risk of hackers infiltrating all types of businesses has become so prevalent that it regularly makes the news. Cyber security is important for companies of all sizes. Many small businesses are now being targeted and are equally at risk for cyber attacks as large companies and should therefore be prepared for a possible breach at any time.
Thankfully companies in the area can greatly benefit from austin business insurance that deals specifically with cyber theft and cyber breaches. Not only are hackers a concern when it comes to breaches but even those within the company can be responsible for getting into your system and stealing data, either unintentionally or on purpose.

Laptops can provide access to sensitive data

Sensitive information exists in most companies computer records and if an unauthorized individual is able to access a company computer then you could be at risk. For example, an employee who takes a laptop home from work could have it stolen and this could result in a loss of personal and confidential information. Any business that collects and stores sensitive information from customers, as many now do (and this includes everything from credit and credit card information, contact information, social security numbers, and confidential medical information) is at risk of a data theft.

Ways to prevent your company from experiencing a breach

You should instruct all employees to change the passwords used to log into technology systems on a regular basis and to avoid emailing sensitive information, or use a secured email service. Have employees lock their computer screens whenever their desks are unattended and never open strange email attachments or click unusual links in emails, especially from unknown senders. Make it a company policy to restrict access to unescorted and/or unsupervised visitors walking through your office, and have a written technology policy in place so that all employees understand the expectations and rules regarding how your business handles sensitive data.
To protect your small business from these exposures, consider a cyber liability austin business insurance policy. Speak to an agent that can help you identify the risks your business faces from data theft and also help you identify the right policy to cover those exposures.

Protecting High Value Items with an Insurance Agency in New Mexico

Insurance Agency New Mexico

When moving to a new residence it’s important that you take the necessary precautions to ensure that those valued items are not damaged, stolen, or otherwise unaccounted for. Documenting these items by inventory is the most logical way to keep track of any items of higher than average value. Enlist a reputable shipping company that generally handles items of this nature.

If you choose to work with an independent moving company, smaller items of value, or personal documents are best hand carried by the owner, and make sure appraisal documents are kept secured, and all items are properly documented and signed for. Working with an Insurance Agency in New Mexico will help provide the peace of mind that all of your valuables are properly insured and any losses will be compensated for.


Keep an inventory of all high value items

Cash, coin collections, rare or personal documents, jewelry, collectibles (such as memorabilia), and all stocks, bonds, and other certificates of value should never be entrusted to a moving company. Keep in your possession at all times. Other objects of high value that are bulkier, and may require crating, such as paintings and statues (which will to be transported by a moving company), must also be properly documented and identified prior to being entrusted to movers.

A recent appraisal of the items should be considered a necessity. If lost or damaged during shipping their value will have to be substantiated by your insurance company in order to justify any claims before reparations are made. It’s usually wise to invest in a moving coordinator to help identify any items of value and help to document them during the initial moving estimate. Act responsibly by creating an inventory list, and detailing a description of each item, along with its current value. Its also a good idea, once finished, to go over the list to ensure that all items are listed and accounted for. Photos of all items being transported should be taken in the event it becomes necessary to file a claim.

Remember to include antiques, rare books, china sets and crystal, fine art, furs, and expensive figurines and silverware in your list of high valued items. When entrusting valuables to a moving company it’s vital that documentation is thoroughly done to ensure accountability on every level, and that your Insurance Agency in New Mexico is notified that these items will be in transit, making sure that they are properly insured as well.

Why Your Company May Need a Commercial Package Policy

commercial package policy

For many businesses there comes a time when a company grows past the point where its infrastructure, processes, and goals become obsolete. This is a concept all too familiar to many who understand that the commercial landscape is constantly changing, which also applies to a business insurance policy. Where a startup or a relatively new company may be well-served by adding several low-priced insurance coverage’s over time, an expanding and more mature company will likely require a more universal approach when it comes to protecting itself against unexpected perils. This is precisely the point where an insurance agency that deals primarily with small businesses can be of help by offering options related to a commercial package policy.

Comparing a business owners policy with a commercial package policy

Once individual insurance policies no longer do the trick, a small business owner has two choices of insurance packages available: a business owners policy and a commercial package policy. Both of them offer multiple types of policies that are bundled together, but there are some substantial differences between the two.

For example, a business owners policy is like that fast food combo meal that is perfectly suitable for people looking to save money and that only need a quick, pre-packaged insurance solution that will give them sufficient coverage. But due to the fact that a commercial package policy offers so many more options, its a much better choice in that it can be tailored to cover many important aspects of your business concerns.

When constructing your commercial package coverage’s, you can pick from several types of coverage, including product liability, general liability, and professional liability, as well as property, business income, business auto, and even employment practices or commercial umbrella, and there are other options available. Other policies that you may require, but not available within a CPP, can still be purchased as stand alone policies. So you get all the protection you need, and as your needs change you can restructure everything in a way that you need and will benefit you the most.

Speak to an agent today if you feel that you could benefit from some assistance in putting together a commercial package policy.