Ans: In addition to the four basic “food groups” of worker’s compensation, general liability, auto insurance and property/casualty coverage, many insurance agents recommend an additional layer of protection called an umbrella policy.Asked By: | In: Corporate Insurance Asked By: | In: Corporate Insurance
Ans: It’s every businessperson’s worst nightmare–a serious accident or long-term illness that can lay you up for months, or even longer. Disability insurance, sometimes called “income insurance,” can guarantee a fixed amount of income–usually 60 percent of your average earned income–while you’re receiving treatment or are recuperating and unable to work. In case of a death in the company, including your own, you should consider life insurance.Asked By: | In: Corporate Insurance
Ans: When a hurricane or earthquake puts your business out of commission for days–or months–your property insurance has got it covered. Many entrepreneurs neglect to consider this important type of coverage, which can provide enough to meet your overhead and other expenses during the time your business is out of commission.