Wednesday, April 29, 2015

Different Types of Commercial Auto Insurance for Different Vehicles and Purposes

Most drivers know the basics of auto insurance. But commercial auto insurance is entirely different. There's a huge range of different classifications and coverage plans, which includes a spectrum of different business types and operations, as well as different vehicles being utilized. In this guide, you'll learn more about some of the main types of commercial auto insurance to help give you a better idea of what it all means and what your options may be.
First though, it's important to note that regulations and requirements for insurance may be quite different from one state to the next. This includes the types of professional licenses a state may issue, and in turn, the type of coverage they require for that particular license. So it's always best to brush up on your specific state's regulations before making any quick decisions.
Now, here are some of the widely utilized forms of commercial automobile insurance:
  • Business Autos: Your business may have employee cars, provide transportation for clients, and more. You need the right form of coverage for this. Whether you're driving a car door-to-door to complete your daily operations, you provide airport shuttle services, you deliver pizzas or food, or anything else. Vehicles in use may be regular passenger autos, or they may be small or large busses, vans or trailers, or other specialty vehicles as well. See more information on types of specialty vehicles a bit further down in this list.

  • Home Movers: Household movers typically use large trucks, and tractor-trailers. They also carry an entire home's worth of valuable possessions, big and small. Finding the right protection for the vehicles, the goods being carried, and where they are going, is very important.

  • Specialty Trucking: Commercial truck insurance is available for a variety of specialty trucking applications. This includes options such as refrigerated trucks, log haulers and more. Other specialty forms of for-hire commercial truck insurance include dump trucks, waste haulers, garbage trucks, coal hauling, dirt, sand and gravel transport, service vehicles and many others.

  • Contractors: Contractors may use pickup trucks, heavy duty pickups, vans, or even small trucks. They may be involved with anything from home repair to landscaping, snow removal to construction, and much more. Any type of contractor using a vehicle to get to the jobsite and transport his or her tools and supplies.
As you can see, there really is a wide range of different types of commercial auto insurance. From commercial truck insurance for all types of different trucks and vans, to contractors, service providers, heavy construction and more, it can be daunting. But with the right assistance, you'll be able to find a plan which is right for you, your business and your vehicle, and keeps you in compliance with your state's regulations as well.

Article Source:

Tuesday, April 21, 2015

Why You Need Contractors Insurance

If you are a contractor in any type of field, you understand that there are certain risks that you and your client undertake when performing the necessary work to accomplish the task at hand. These risks could be solely upon either party or involve each equally. Each party involved needs to have that risk minimized so it will not interfere with their own business or even their personal lives. Contractors insurance provides this coverage to give you and your client the peace of mind that you both are seeking.
Contractors Insurance is a policy which is acquired by the contractor themselves. This policy covers and protects the contractor from any kind of liability which can occur while performing the course of the work. These types of insurance policies not only cover the contractor themselves but, they also cover any agents, employees, partners and the like from any kind of claims that may arise.
Depending on the type of policy which you will want to take out, the covered occurrences could include, fire, leaks, acts of God, war and terrorism, safety issues, etc. Before signing any policy, be sure to review every article within the policy to ensure that the liabilities you could incur are covered. Be sure to also exclude any type of liabilities that would not apply to your certain field. You wouldn't want to purchase and pay for coverage which you will never need.
There is a multitude of professional fields that could benefit with the added protection of carrying some form of Contractors Insurance. Most of these fields are predominately grouped into the construction field. They would include roofers, electricians, plumbers, framers, architects, engineers, etc.
Other fields that could use a similar form of insurance would be computer technicians, designers, landscapers, any form of demolition contractors, any many more. To see if you could protect yourself with this kind of insurance, write down all of the circumstances that could go wrong during your normal course of project completion and consult with your insurance agent. They will have the final answers for you and be sure to bring up your concerns with them. Your agent might have a different kind of insurance that would be better suited to your specific needs.
There are five different options of insurance to consider when forming your policy. They are General Insurance, Workers Compensation Insurance, Inland Marine Insurance, Disability Insurance and Bonds. For your particular area, you may need one, two, three or even all of the available coverage's.
Be careful to not waste your money on insurance options that you will not need. For example, if you do not transport goods such as a trucking company or other courier service, you would not want to spend the money on Inland Marine Insurance for that is what this type of insurance is for. However, if you have employees that are on your active payroll, you will not want to pass up the coverage for Workers Compensation Insurance coverage. Consult with your insurance agent to get the best coverage at the most reasonable price.

Article Source:

Saturday, April 18, 2015

The Basic Info Regarding Contractors Insurance

Contractor liability insurances are the monetary protection which building contractors anywhere need in the countenance of millions of diverse things which are going wrong in little or big job. This insurance protection is not only a luxury but a great necessity. As matter of fact, contractor accountability insurance is required mostly in majority of projects by the financing corporation. But whether an individual is just an ordinary cabinet installer or a major general, a contractor liability indemnity is one of the means to stop from worrying every day regarding that unavoidable accident.
Insurances for contractors are complete coverage plan intended to safeguard contractors while conducting their business. Having coverage will minimize the dangers to the business of the contractor by changing it to into his assurance company. This policy grants a security net if any untoward incident happens in the job.
The facts
Majority of contractors believe that insurance coverage is very necessary. There are diverse types of coverage accessible to increase general liability to expand the protection of the contractor. Some insurance policies contain workers compensation, surety bonds, property liability, pollution liability, railroad protective liability, builder's risk, owner's and contractor's protective liability, and products and accomplished operations coverage. It is mandatory for contractors to carry indemnity, depending on the status of the operation.
Contractors have peace of mind if they have this insurance because they know that they are protected and they do not worry of losing their business if anything goes wrong. If something untoward occurs, the insurance company will work for them by granting coverage for lawful fees and will conduct their own comprehensive investigation. This guarantees that the claims made against the assured persons are meritorious. Purchasing insurance provides the contractors the opportunity to protect more projects because of the safeguard it grants the corporation engaging those services.
Contractors insurances protect the company by paying for compensation to property or medical expenses for an injured worker that happened in the job site. In return, the owner or contractor pays for the premiums that transmit the accountability of paying for the claim to the insurance company. The kind of work and danger associated, and the amount of coverage applied for is considered when the insurance group grants a payment offer.
Even if the insurance is non-compulsory, contractors might find it difficult to secure job without it. More work offers appear with the provision that contractors may guarantee his job or they will pay for the damages if something wrong occurs. Contractors were even cited for breach of contract since they were not able to generate their certificate of assurance in opportune manner.
This insurance may be extremely costly for contractors. They are urged to make some research before purchasing any insurance plans from any insurance group. They are given advices to check the rating of the carrier and ask some other contractors working in similar area which insurance company they use or suggest.

Article Source:

Wednesday, April 15, 2015

Driving With Trucks

Everyone knows that trucks drive differently than cars, but few know how to drive safely along side of a truck. Brian O'Neil, former president of the Insurance Institute for Highway Safety says in crashes between cars and trucks, the consequences for cars is often catastrophic. The Insurance Information Institute urges drivers to use car passing a truck, know where the blind spots are. Phyllis Schenberg, Government Accountability Office, says there were half a million crashes involving trucks in 1997 and 5,000 fatalities. Remember: The larger the truck, the bigger the blind spot and the more room they need to stop or turn.

Sunday, April 12, 2015

Tax Time and Employment Law | NFIB's Week in Small Business

This week (4.10.2015) in small business... It's tax time! Have you filed your 2014 returns? Are you already preparing for next year? Our new NFIB Tax E-Book guides you through recent changes to the tax code so you get every eligible deduction. It also features a year-round checklist to make your taxes more simple next time. Although Congress has been in recess, many states have been busy. Find out which state was the most recent to "ban-the-box" on employment applications. And watch more Week In Small Business videos:

Thursday, April 9, 2015

Top 3 Small Business Issues in 2015

The biggest challenges small business owners face this year are healthcare, tax compliance and federal regulations:

Monday, April 6, 2015

Car Breakdown Safety

Having your car brake down in heavy traffic can be a nightmare, and when it happens drivers stop the car, and attempt to fix the problem on the spot. AAA's Lon Anderson says getting out of your car can be extremely dangerous, taking a minor problem and turning it into a fatal accident. The Insurance Information Institute says to get the car to a safe place before getting out, even if this means destroying the tire, the rim, or the wheel. If the car is too damaged to drive, staying inside and using a cell phone to call for help may be safer than standing outside the car, in the flow of traffic. Sgt. Greg VanLeer of the Virginia State Police says if you have flares or triangles, set those out and try to stay away from traffic as much as you can.

Friday, April 3, 2015

Filing An Auto Insurance Claim: Podcast

This video is from the Insurance Information Institute. For more information about insurance, go to the I.I.I. Web site at