Some insurance providers and brokers specialise in providing commercial insurance. Because such large sums of money and assets are at risk, it’s important that you do your homework carefully.
Q:
Can I get insurance for my vehicles if I rent them out?
A:
Yes, most commercial insurance companies will provide you with a policy. Expect to pay higher premiums to offset the increased risk.
Q:
I work in a high risk industry. Can I still get commercial insurance?
A:
If you work in a high risk industry, it is still likely that you can get commercial insurance coverage. Your premium will be higher than if you work in a lower risk industry.
Q:
Which is the best company for small business liability insurance?
A:
Each commercial insurance company provides different policies, pricing, and levels of service. Get at least three commercial insurance quotes to compare policies. Ask your friends and family who they use.
Q:
When I sign up for my home business insurance, do I have to tell the provider about previous insurance claims I have made?
A:
Yes, if the insurance company discovers that you have lied or withheld information your policy will be considered void and you will not be reimbursed for the premiums you have paid.
Q:
One of my commercial buildings has burned to the ground. Can I purchase liability insurance only?
A:
Yes, as long as the building has completely burned to the ground and does not pose a danger. If half the building remains and is a hazard, you will find it hard to obtain liability insurance coverage due to the elevated risk.
DISCLAIMER: My Insurance Guide is not an Insurance Broker and we are not making a recommendation to you. My-Insurance-Guide accepts no responsibility for decisions made as a result of using the information provided.
