Insurance Tips for Doctors, Clinicians and Other Healthcare Workers

The Three Basic Elements of Business Interruption Insurance

In order for your business to be profitable, there can be nothing that disrupts your ability to serve customers. However, when you own a business, you need to be aware that weather, vandalism or some other incident could lead to the inability to continue business for a specific time period. Many business owners assume that a typical property damage policy will be sufficient in covering losses, but this policy will only cover costs of repairs. This means that all profits that you lose due to temporary interruption are not covered. When you are losing your stream of profits, you still must pay for rent, utilities and other expenses that are associated with your business. This means that business interruption insurance is the perfect solution. There are 3 basic elements of business interruption insurance that you need to understand before you choose a policy of this type.

Business Income

Business income …

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How to Choose a Commercial Insurance Broker

Every business needs commercial insurance as liability policies come in handy when it comes to protecting the business in case of damage to property or injury to employees and customers. The work of an insurance broker is to act as an intermediary between the business owner and the insurance company. The broker liaises with the insurance company so as to find the most suitable policy for the company. Finding a good broker is important, so here are some helpful tips on how to choose one for your business.

What are your needs?

The number one step is to determine your commercial insurance needs. You should remember to include federal and all government requirements expected of your business. For example, a construction company may be guided by a particular government law that may not be the same as a hotel business. As a business owner, it is your duty to evaluate …

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