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Author: BBS Finder Insurance

A Different Kind of Insurance

A Different Kind of Insurance

A Different Kind of Insurance If you’ve ever thought about starting your own insurance company, you know there’s a lot to consider and different paths you can take. Before you jump on board, be sure you understand the captive insurance definition. What Is It? In short, captive insurance is an insurance company owned and operated by the insured. Many people choose this option after shopping around for insurance and deciding that a plan or policy does not adequately meet their…

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A Consideration of Cargo Insurance Policies

A Consideration of Cargo Insurance Policies

A Consideration of Cargo Insurance Policies When establishing your cargo transportation business, it’s important to get quotes from different insurance companies to receive a good deal. Before you start looking at cargo insurance companies, take the time to understand the unique needs of your business. This way, you can prepare yourself for insurance discussions and have the confidence that you are making the best choice for the success of your company. What Kind of Insurance Should You Choose? It is…

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Cyber vs Crime Insurance: Do You Know the Difference?

Cyber vs Crime Insurance: Do You Know the Difference?

In the last several years, cyber insurance has grown in importance in terms of commercial insurance coverage. Crime and cyber-crime attacks are becoming more and more common. Hence, knowing the difference between coverages is imperative. No matter your industry, protecting your business has to come first. What Does Crime Insurance Cover? Crime insurance coverage covers the loss of funds due to employee dishonesty, forgery, computer fraud, extortion and many other criminal acts. For instance, if an unknown party impersonates a…

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Questions to Ask Your Broker

Questions to Ask Your Broker

When you are meeting with an insurance agent, like the ones employed by the Midwest Insurance Group, you should be proactive in addressing your insurance concerns. Here are four questions you should ask your potential broker. What are my best long-term coverage options? If your family is growing or changing, you will want to look at the best plan for long-term coverage. This might mean life insurance in addition to your homeowner’s policy. Do I need additional insurance if I…

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Protecting Your Yacht With Insurance

Protecting Your Yacht With Insurance

Sailing the open seas in style and comfort onboard a yacht is a thrill many people dream of. However, keeping your watercraft safe in the event of any accidents or damages is key to owning a ship. That’s where California yacht insurance comes in. Coverage for Everything Yacht Related One size does not fit all with insurance coverage for yachts. That’s because each boat can be equipped with different features that require more or less coverage than others. Even the…

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How To Find The Best Auto Insurance for Work and Personal Use

How To Find The Best Auto Insurance for Work and Personal Use

With all the various plans available today, it is quite apparent that when it comes to auto insurance, there is no one-size-fits-all plan. This is because insurance is based on a wide range of factors. When shopping around, it is important to understand what type of plan you might need. By analyzing a few characteristics about you as a driver as well as your vehicle, you can get a better idea about the plans for which you may be eligible….

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Liquor Liability is a Crucial Component to Bars and Taverns

Liquor Liability is a Crucial Component to Bars and Taverns

No matter what type of bar you run, if serve alcohol, you have to think about liability hazards. Your goal is for your patrons to have a good time. You can’t have this as your focus if you haven’t dealt with liability concerns. Here is why liquor liability insurance programs are crucial. Alcohol-Related Claims People do not always put their best foot forward when they’re drunk. Someone may suffer an injury, a fight may break out or someone may end…

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Why Small Business Owners Need Protection

Why Small Business Owners Need Protection

Owning your own business is an exciting venture, but along with the rewards of being your own business are the risks and liabilities. As you navigate the somewhat confusing waters of insurance coverage, you will need an experienced guide. The team at Ascendant Insurance can help. Liabilities with Small Business Ownership While you may think your customer base is easy to work with and generally forgiving, having a general liability insurance policy is a wise investment. Coverage isn’t as expensive…

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Common Liabilities Faced by Lending Institutions

Common Liabilities Faced by Lending Institutions

When you handle the financial interests of businesses and individuals, you not only have to deal with hundreds of regulations but also the expectations of the client. While having professional liability for bankers can certainly mitigate the risks, it’s more important to be proactive in managing your liabilities. Know these common reasons clients sue to find ways to avoid opening your institution to risk: Acts of bad faith – the client accuses the lender of being unreasonable in a decision…

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How to Determine If You Need Flood Insurance

How to Determine If You Need Flood Insurance

While many mortgage companies require flood insurance for homes in the floodplain, homeowners may be confused about how to determine whether they are in a floodplain. The National Flood Insurance Program (NFIP) makes flood insurance available in flood prone areas. Flood insurance in Babylon can help you recuperate after a disaster such as Hurricane Sandy. Where to Start Your Search The Flood Insurance Rate Map (FIRM) is the NFIP’s official map showing flood hazards. The FIRM has an effective date…

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