The recent natural disasters might cause us to think, "do I have enough insurance"?
Many times in a small business our personal and business insurance may be intertwined. This may be especially true, if you start your business by working out of your home.
When asked about insurance we always recommend having your insurance professional evaluate and personalize your plan to fit your business. You will want them to look at the advantages and disadvantages of combining personal and business insurance.
These are some of the basic guidelines, suggestions and coverages that we incorporate in the insurance package for the service division of Bane-Clene® Corp.
Your Property, Buildings and Contents
- All Risk Coverage versus named perils
- Carry higher deductibles which will lower your premiums
- Business versus Personal property
- If you take customer items from their premises, consider off-premises, transit and or property floaters
Liability
- At your premises
- At your customers' premises
- Products and Completed Operations
- Independent Contractors' Coverages
- Customers' Property in your Care, Custody and Control
- Being able to provide your customers a Certificate of Insurance
- Have a customer agreement and waiver of liability form
- Once again higher deductibles mean lower premiums
Vehicles
- Property Damage
- Uninsured Motorist
- Comprehensive
- Injury and Personal Liability
- As always higher deductibles save money
Workers' Compensation
- Laws vary by State, your agent will guide you
- All States: voluntary compensation endorsements
Options
- Including your personal auto(s) and homeowners can get you package savings
- Crime Coverages
- Umbrella Policies
Related information on the Bane-Clene web site:
Thank you for reading Bane’s Blog®.
Please read the latest issue of the Clene-Times® at https://www.baneclene.com/publications/.
Please visit our new and improved web site at https://www.baneclene.com.
The Bane-Clene® Team.
