2 years ago ·
by akaninsurance · Comments Off on What is covered under commercial liability insurance in Edmonton?
Commercial liability insurance, also known as commercial general liability insurance, is a comprehensive type of insurance policy that is taken by businesses in order to get protection against liabilities of business risks. It is an insurance policy that provides coverage to businesses from bodily injuries and damages caused to the people in the business premises and operational damages. Since this policy is a comprehensive one, there are different types of coverage for a business to choose from.
Talking more about the coverage of commercial liability insurance there are two major types of coverage. The first includes the claims for the regular business operations at the physical business location. The second is the coverage for bodily injuries and damages caused by the business property. Apart from these, if a business requires any additional coverage, it can be purchased, barring the exclusions of commercial liability insurance.
2 years ago ·
by akaninsurance · Comments Off on Should you opt for business overhead expense insurance?
Life is full of uncertainties, and so is a business. But what if such an uncertainty strikes your personal life and affects your business? When you run a business, you consider all the risk factors except for the fact of something happening to you. But there is a solution to help you in such a situation, the business overhead expense insurance. This insurance is devised to take care of the expenses of a business in case the owner of the business meets with an accident and becomes disabled. Here are some reasons why your business needs a business overhead expense insurance.
2 years ago ·
by akaninsurance · Comments Off on What is a commercial property insurance?
You must have heard your fellow business owners discussing that a commercial property insurance is crucial if you want to secure your space financially. But do you know what does that concept mean? If no, then let’s look at the commercial property insurance in detail.
What is Commercial Property Insurance?
Commercial property insurance is a type of coverage or policy for business owners that covers various business-related, as well as other natural and man-made risks, and protects a business by paying for all or part of costs when a covered loss occurs. It is a common type of business insurance that all the business owners should have in their list of insurances.
2 years ago ·
by akaninsurance · Comments Off on Why choose a broker?
Trying to find the best insurance for yourself or your assets such as your house and vehicle can be overwhelming and time-consuming. Working with multiple insurance agents to decide on the right plan can be confusing too. The solution to these issues is hiring a professional broker. Choosing a broker can be one of the best decisions that you will realize in the long run. Here are some reasons why you must consider hiring a broker.
They Help in Making the Right Decisions
If you are new to the concept of insurance and coverage, you might not know what type of policy would give you the maximum protection for your life and assets. With countless insurance providers and attractive policy schemes, buying the right kind of coverage can become tricky. Choosing a professional broker can make the process of policy selection easier as he or she can compare various policy options and explain which one will provide best returns for your investment. These professionals can not only tell which policy would provide the most benefits but also help you pick the right insurance provider or firm.
They Have More Access
Brokers are known for having numerous connections with people in different fields of finance and insurance. While insurance agents only work for one company, brokers work with multiple companies but not for them. Brokers have a broader knowledge of the insurance market as they work with a range of insurance providers and firms. This way, they have more access to better insurance offers in the market. They can utilize their connections and help you find the most advantageous policy as per your requirement.
They Act as the Middlemen
Another benefit of hiring a professional broker is that he or she acts as the middleman between you and the insurance provider or firm. Brokers communicate your requirements and details on your behalf to the provider. Not only this, they explain each and every term and condition mentioned in the policy so that you are led in the right direction while making a decision. They explain you every insurance-related jargon and sentences that you might not understand and clear all your doubts. In other words, brokers can answer the questions you might have that an insurance agent may not know or refrain from telling you.
Hiring a professional broker might seem like an extra task as well as expense to bear. But by hiring one, you’re able to outsource a significant amount of work to an expert in the industry and expect quick and quality service for all your insurance-related tasks. So, if you are planning to hire a broker to make your insurance-related tasks easier, you can get in touch with us. We have more than 20 years of experience in providing brokerage services to small and big organizations in various business functions.