At Alexander Insurance Agency of St Charles, we have done extensive research on what it takes to assure that your business is always prepared for anything and that you can weather any challenge.
Here are a few tips for business owners making insurance decisions:
Closely Review Your Provider: Sometimes, your provider may just not be the right fit for you anymore. Handling claims is where insurance companies should be making every single transaction easy. If that is not the case, it may be time to give us a call!
The Valuable Provisions of Interruption Insurance: Last year’s pandemic was a reminder there are many types of events that affect your ability to operate, and that having the best and most experienced company as your insurer is your best option. One technique is to re-rate your current general liability policy based on a reduced business level due to the pandemic, which has saved some owners over 70% during the past year. It is not a complete replacement for business interruption insurance, but it can be a step in the right direction towards operating when reopening becomes possible.
The Varied Beneficial Layers of Liability Insurance: Liability insurance can protect you against claims on your property. There are various areas where this type of coverage could make a difference:
- Liability for cyber attacks
- Employment practices liability
- Fiduciary liability
- Product liability
- Professional Liability
This beneficial coverage offers protection against costs that may arise from injuries that happen on your property, and from other occurrences such as slander, libel, copyright infringement, and more. General Liability policies may be purchased stand-alone, or as an inclusion in a comprehensive Business Owner’s policy. The cost of your General Liability coverage depends on your type of business, history of past claims, location, size, and any unique coverage needs.
Avoiding Insult With Injury: Workers Compensation Insurance: Worker’s compensation insurance is in place to protect your workers and their families if your employee sustains an injury on the clock. If you are running the type of business that performs mobile services, checking into this type of coverage is very important. One reason why we encourage you to see us here at Alexander Insurance Agency is that we have a solid reputation for fair treatment of employees with disabilities. Not adhering to policies and procedures regarding these workers can cause numerous forms of strain, and leave your business tangled up in unwanted legalities for long periods.
Choosing Adequate Commercial Auto Insurance: On-the-go contractors, real estate agents, and delivery services may be driving regularly for work, highlighting the need for commercial auto insurance. One of the major differences between commercial and consumer auto is that commercial insurance tends to carry higher limits. One general rule of thumb is that if a vehicle weighs over 10,000 pounds, carries your logo on the side, or is used for materials hauling, a commercial policy is usually required. If you have employees driving personal vehicles for your business, we can assist you with an endorsement on your general liability that increases the coverage amount during business-related trips.
Constantly changing environments require the best choices for insurance coverage, and our expertise has allowed us to assist many with the choices that allow them to flourish and prosper. We are eager to learn about your goals, needs, and aspirations, and we will assist you with a comprehensive plan to protect your business and assure that you are prepared for anything!