Considering commercial business insurance in Arlington/Smokey Point? We’re here to help you with answering questions and providing you with the information you need to make the best decisions regarding your business insurance needs. Below are some questions and answers you may find helpful while researching commercial business insurance.
How To decide On The Amount For Product Liability Insurance?
In general, you select approximately $.25 for every $100 in revenue you will have for the year. If you are a small business and you estimate you will make approximately $100,000 in revenue a year and your products are in the low-risk category, then you will likely want approximately $25,000 in product liability insurance.
Our brokers can help you determine how to best estimate and the total amount of product liability insurance you will need.
What Does Contractors Liability Insurance Cover?
As a contractor, you are consistently doing business for others. There are times where you did not finish the job or the client is dissatisfied with the work. Contractors liability insurance covers 3rd party claims. Often times these claims can go to court, the cost of the legal fees to fight claims against you or your company can be costly.
Contractor liability insurance helps to cover the legal fees associated with the claim. For contractors who work offsite, the claims could include damage to the customer’s property from you or one of your employees. Property and personal injury claims can devastate a business financially. Contractors liability insurance provides coverage to protect the business financially from these types of claims.
If you need commercial business insurance in Arlington/Smokey Point, American Insure-All® wants to make sure that you have all the helpful information you need to make the best decisions for your liability coverage. For more information about our services, or to speak with our team about your insurance needs, give us a phone call today at (888) 411-AUTO.