The Many Kinds of Commercial Insurance

If you run a business in and around Caldwell, ID, you are able to find all sorts of different commercial insurance options. Of course, there are dozens of different commercial offerings, so looking at what might prove beneficial to your business is important. No matter the kind of business you run, there is always some form of insurance you can implement to better cover your company and employees. All About Insurance Inc is able to assist you with finding the right form of insurance that will protect your business assets.

Workers Compensation Insurance

This covers a worker if they are injured working on the job. It doesn’t cover injuries if they were neglecting safety rules or if they were horse playing inside of the facility. However, in almost all other cases they are protected and the workers’ compensation pays for their time away from work. 

Directors and Officers Liability Insurance

This is used for larger corporations. Should a lawsuit not necessarily come after the business but instead members on the board of directors, this insurance coverage helps cover the cost of lawsuits when the suit comes up. 

Auto Insurance

Commercial auto insurance is different from traditional auto insurance. If you use your car for business you may need to cover your vehicle with commercial insurance as well. Make sure to talk this over with the All About Insurance Inc representatives to ensure you know whether it is needed for your business. 

Liability Insurance

If someone sues your business for a variety of reasons, from slipping on a sidewalk in front of the building to saying they were injured using your products, liability insurance protects you and your company. It helps cover the cost of the lawsuit so everything does not come out of pocket. 

3 Ways to Reduce the Rates on Your Auto Insurance

Auto insurance is something you have to have, but it doesn’t mean you have to spend a fortune on it. Along with doing a little research and comparing quotes from a few different companies, there are several ways you can save money your insurance policy. Here are only three of the possible ways to reduce the rates on your auto insurance.

Bundle Policies

Not only should you research discounts for multi-vehicle policies, but you should consider bundling all of your insurance policies. Most insurance carriers offer both auto and home insurance, and will discount the premium if you insure both your home and auto with them. If you don’t own your home, but have renters insurance and/or life insurance, talk with your insurance carrier about bundling these policies with your auto insurance.

Good Driving Record

Providing coverage for high-risk drivers can be risky, primarily because insurance carriers think these drivers have a tendency to be involved in accidents. Based on this theory, high-risk drivers tend to pay more, without discounts. If you are considered a good driver, meaning you do not have a history of accidents, driving while intoxicated or have not been cited for a serious traffic violation, such as reckless driving or speeding, you may qualify for a good driver discount.

Low Mileage Discount

One of the most common types of discounts, yet not many people known to ask about is a low mileage discount. If you can prove to your insurance carrier that you drive less than the average driver, you may qualify for a discount. For example, if you only drive a couple of miles between work and home, you share a ride with co-workers or you have a vehicle that is only used during the summer.

You might be missing out on several discounts you didn’t even know about, but the only way to find out is to ask. The easiest way to find out if there are any discounts you qualify for that can reduce your auto insurance rates is to ask your carrier. You may be paying too much for auto insurance without even knowing it.

Residents of Caldwell, ID interested in learning more about auto insurance discounts or if you need a new policy, contact All About Insurance Inc.