June, 2019

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Breaking Down Business Insurance For Beginners

glen rock business insurance

Are you looking for Glen Rock business insurance? As a new business owner, its easy to get overwhelmed by all the coverage options that are available on the market. Here is a simple breakdown of three coverages that you should plan to include in your new policy.

General Liability Insurance

General liability protects you in case a third party claims to have suffered an injury or property damage because of your business. In such a situation, your policy would cover your legal fees and other expenses for which youre found liable.

Professional Liability Insurance

Professional liability is great coverage for new business owners. Especially for consultants and other professional service providers, it protects you against lawsuits from third parties claiming that an error on your part led to them experiencing a loss of some sort. Like general liability, your policy would cover all your legal costs.

Property Insurance

Property insurance is essential as it keeps you from having to spend your own money to repair or replace your business property following a disaster. You can have your building, equipment, furniture and digital assets all protected against fires, certain storms, vandalism and theft. Even if all you have is a laptop, property insurance can cover it and your data that’s on it.

More specific coverage options are available depending on your industry and business needs. Work with an experienced Glen Rock business insurance agent to create a policy that suits your needs.

Building Blocks For New Business Insurance Policies

Insurance Agency in Needham

Finding an insurance agency in Needham to cover your new business may not be high on your priority list but it should be. After all, if something were to happen, whether a lawsuit or property damage, your business ability to continue to grow in the face of adversity will depend on your agency and the coverages within your policy. As you search for the right agency to work with, here are three key coverages that you should be sure to carry that will serve as building blocks for the rest of your policy.

Commercial Liability Insurance

Commercial liability insurance is intended to serve as general coverage for your business against lawsuits where a third party suffers an injury or property damage because of your business. Your policy would cover your legal costs including attorneys fees, settlements or judgments.

Professional Liability Insurance

Professional liability is specific coverage for third-party lawsuits claiming that an error on your part led to them experiencing a loss. In the medical field, its usually referred to as malpractice insurance, but it’s critical for those in other fields as well.

Property Insurance

Property insurance protects your belongings including your building, equipment, furniture and digital assets. If your covered items become lost or damaged because of a fire, storm, vandalism or theft, your policy will pay for their restoration.

With these three coverages, you’ll be ready to build out the more specific aspects of your policy. Working with an experienced insurance agency in Needham can ensure your policy is crafted to meet your needs.

Insurance Recommended for Cemetery Owners

cemetery insurance

As quiet and serene as cemeteries may seem, there’s a lot of work that goes on behind the scenes to keep them feeling that way. Cemetery management is a complex and multifaceted operation, and as with all other complicated businesses you want to make sure you have the appropriate protection. If you own a cemetery you should carry cemetery insurance to make sure any and all possible liabilities are covered.

Types of General Insurance Coverage

General Liability: This coverage will protect you from damage you may be responsible for creating.

Commercial Property: Policies are designed to protect all of your buildings and facilities. You’ll most likely want to make sure that headstones and any memorial plaques or decor are covered under this policy.

Automobile Insurance: Don’t forget that any time a vehicle is used for business you will be held liable for any damage.

Types of Cemetery Specific Coverage

Historic Property: If your cemetery is located on historic property or you own historically significant facilities you’ll want to look into cemetery insurance coverage that’s specifically designed for that purpose. If any repairs or renovation is needed for historic facilities you will quickly learn that they are very different from your average household repairs.

Cemetery Professional Liability: This coverage is designed for “mental anguish” claims and any damage cause to property that’s specific to cemeteries, such as caskets.

Why Securing Your Assets With Owens is The Right Choice

owens insurance agency

In today’s world, securing your assets with the right insurance provider is more important than ever. The Owens Insurance Agency can do just that and save you money in the process. Our rich history in the industry goes back three family generations and spans over six decades. This experience has allowed us to perfect our service and build excellent relationships with amazing insurance partners around the country. Here are just a few reasons why Owens is the best insurance provider.

1. Commitment to Service

Since Owens opened its doors in 1957, it has been operated by the hardworking Owens family. This family-centered history has allowed Owens to create understanding and warm professional relationships with clients, both big and large. Team members work on a daily basis to keep the same commitment to great customer service as its founders each and every day.

2. Vast Expertise

The decades of work of the Owens Insurance Agency has let the agency amass vast amounts of knowledge on many different insurance policies. Owens offers both personal and commercial lines that fit the situations of each client. Obtain auto, life, employee, cyber, umbrella and aviation insurance with just a phone call.

3. Outstanding Relationships

As an independent agency, Owens continuously works towards building a better relationship with some of the nation’s largest carriers. Clients receive customized packages from a number of different carriers to create protection that works just for them. Contact Owens Insurance Agency as soon as possible to start securing your assets.