Business insurance tips for small company startups

Business Insurance

Affordable business insurance can provide significant financial protection for startups. When starting a small company, it is important to look into the types of business insurance that will be required to help you to mitigate risk and protect the financial future of your organization, no matter its size. There are certain types that will be very useful for making sure that you will be covered against a number of different potential circumstances, though there are also forms of coverage that you may not require. As you consider the various forms…

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What type of insurance coverage should small businesses consider?

Basics of commercial insurance coverage plans Proper insurance coverage is important for companies of all sizes, but when it comes to shopping for policies, small business owners often struggle to know what they should be buying. This is because there are several different types that should be considered and that may need to be covered. It can be vital to the financial security of a small business that it covers itself against the main risks involved in the ownership of that business. The right policy will make the difference between…

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What should you think about when you consider buying cyber insurance

Data breaches are a form of attack that can come on with absolutely no warning or provocation, and can cause either very little or no damage, or can cripple a business’s ability to function. Because they are so unpredictable, making them extremely challenging to budget for, cyber insurance is considered by many to be a very practical way to offset any of the unanticipated costs that can be associated with them. That said, it remains very important to take additional preventive efforts and security practices to ensure that your data…

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GEICO announces cheaper commercial auto insurance rates for businesses in Texas

Business owners in Texas may now have a commercial auto insurance policy available to them at a lower rate, as GEICO announced that they have made this new coverage available in the state. According to the director of commercial lines at GEICO, Kushwant Singh, his company is happy to be able to provide this new coverage to Texas businesses. He added that his company is recognized for providing cheap auto insurance coverage, but that “more and more business owners in Texas are discovering how much they can save with us…

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Towers Watson survey shows prices for commercial insurance continued their rise during Q4 2011

According to the results of the most recent Towers Watson Commercial Lines Insurance Pricing Survey (CLIPS), the prices for commercial insurance increased by a total of 3 percent throughout the final quarter last year, which completed a year in which every quarter saw rising prices for all lines of standard commercial products. Furthermore, according to the report by the global professional services company, earned price increases are starting to compensate for the portions of the reported claim cost inflation levels. Data from CLIPS showed that, yet again, the commercial property…

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