Are you one of the plain insurance agents? There some clever alternatives that are offered, such as coverage of all risks that stand outside the business or insurance against only consumer-created liability. Damages to property: It covers all damages to someone else property which was caused by your activities or that of your employees while working for you.
There are others you can look into, like the water backup coverage, which insures one against damage caused by sewage water, drains, or sump pump wells. For your own sake, never tell prospective clients that you are one of 1,500,000 insurance agents licensed to sell life, health, annuities, and financial policies.
Employee thefts and offenses causing financial losses to a business are covered under crime insurance policies. Some people simply want coverage for property damages. Disasters, such as London’s Great Fire, gave birth to some insurance types, such as property, casualty, and fire insurance.
Insurance is not one-type-fits-all, so be sure to discuss your particular business with an insurance broker. It covers the losses incurred in damage to ships, terminals and any property that is transported through cargo. Property Damage: The property damage compensation that is provided by the insurance company as a coverage is basically for the damage of the customers property.
I have sent my claim to the insurance company for the damaged property and am awaiting their evaluation of the money owed to me. The insurance company has meanwhile intimated to me that under the rules of the insurance contract, I am certainly liable to receive a substantial part of my claim.