Protect Your Company With Business Liability Insurance

When you have a business, it is important that you have the right types of insurance policies. General liability is one of the policies that businesses of all sizes need. When you explore the different policies, keep your business in mind to determine how comprehensive you need your policy to be before purchasing one from a reputable guaranty insurance company.

When you have business liability insurance, it works to protect you against an array of different claims that someone might make, such as personal injury. In most cases, this type of policy will be combined with a policy for property insurance.

In addition to personal injury, this type of policy may also cover issues, such as loss of confidential customer data or wrongful termination. For example, if you have to let an employee go and they feel that they were terminated for something, such as discrimination, should they be granted a financial award, this type of insurance may kick in and take care of most of the cost so that you do not have to come out of pocket for this expense.

You can see that business liability insurance is important for all companies. Once you are ready to get started with a policy, make sure to get one from an experienced guaranty insurance company.

Don’t Believe These Homeowners Insurance Myths

Home insurance in CT makes sense, whether you own your home outright or are still paying it off to the lender. There are a lot of myths about homeowner’s insurance. Review your policy annually to know that you are protected against a financial disaster. Make sure you get the facts.

Myth: Use market value to insure your home.
Truth: Use the value to replace and rebuild your home. If prices are rising in your area, you might be paying too much for your insurance. Likewise, in an area that has a depressed market, if you insure your home for what it is worth, you might end up not having enough insurance to rebuild if the worst happened. It might cost more to rebuild than it would to sell the home. You have to understand the economy and your home’s value to properly insure your home without wasting premium dollars.

Discuss the replacement value of your home with your insurance company to make sure you have adequate home insurance in CT. Your home is your biggest investment. Having too little insurance is almost as bad as not having any. Make sure you get coverage for all the risks you face, floods, hurricanes, fires and accidents. Your homeowner’s insurance protects your future.