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What else can I help you with?
What is the motto of Federated Insurance Company of Canada?
Federated Insurance Company of Canada's motto is 'Knowing Your Business Matters'.
What is the cost of liability insurance for small businesses?
There is no simple answer without knowing what kind of small business you have. A small factory will pay more for their insurance than say a Donut Shop or a Daycare Center. you might pay $800 per year or you may need to pay $800,000 per year. it all just depends on the risk exposure of your business operations.
What is the cost of general liability insurance for an independent contractor?
It all depends on the overall risk exposure. Without knowing what type of contractor you are and what you annual volume is, there is no way to guess what you might pay for your insurance.
What are the benefits of having CVLI insurance for your organization?
CVLI insurance, or Church Volunteer Liability Insurance, provides protection for organizations against liability claims related to volunteers. Benefits include coverage for legal expenses, protection against financial losses, and peace of mind knowing that volunteers are covered in case of accidents or injuries.
What is the subject matter of insurance?
In General, SME means Subject Matter Experts. Subject Matter of Insurance is expert in insurance domain business. So you might ask what is the difference between BA - business and SME in insurance. BA will be knowing only the insurance business term but a SME will be able to say the whole business. Let me give a example in P&C insurance, BA will know for what the Bodily injury liability coverage is provided and premium charged. But a SME will be knowing how the premium is derived for Bodily injury liability coverage ie the first base premium is calculated. we also derive class factor for the insured. Class factor = primary factor + secondary factor. The factors include age,youth,married, MVR record, insurance score from CLUE report (get from third party like Choice point, FAIR...) and applicable discounts like deference driver, passive restraint(air bag). The overall discounts include multi-car or package(more than one LOB) policy. SME will be able to say the entire insurance business system but BA cannot.. I think you have a better understanding... Karthikeyan
What kind of insurance does a self employed?
Without knowing which occupation you are in, it is difficult to answer this question. But to start, a self-employed person will usually need to buy basic health or medical insurance, but since you will not be part of a group plan, it may cost you more. And if you are in a skilled trade, you should probably get liability insurance, to protect yourself against being sued if problems occur in the course of doing work for a customer. Some small business owners also have business insurance to protect their office and the property in it.
How does contingent liability impact earnings?
Contingent liability can impact earnings because it is a projected and future liability. Not knowing what the outcome of the liability is, it can unexpectedly affect a large amount of earnings.
Catering Insurance?
form_title=Catering Insurance form_header=Find the right insurance to keep you protected during your next catered event! What made you decide to look into catering insurance?=_ What current forms of insurance do you have?=_ How many employees work with you?=_
What is an average price for liability insurance for small businesses?
Commercial Liability insurance is based on the industry that the company is involved in and it usually is based on payroll. Some industries are based on other factors but in most cases its payroll. For this reason, I can't really give you an accurate number for this and no one else can either. If you don't have any employees except yourself, and you have a business that doesn't provide any real extraordinary risk factors, I guess you could estimate your CGL at between $500-$1000 per year.
The Need for Business Insurance?
Business insurance, generally speaking, helps protect a business from any severe losses. If something bad happened to the business, such as damage to the property or a natural disaster, business insurance may help the company re-coup the damages. There are some advantages and disadvantages to business insurance. A clear advantage is if there is any significant damage to the property the business is in, the business insurance can cover most of the damages. However, like any insurance policy, business insurance has a monthly premium and is usually high to cover most of the typical damages seen in a building or experienced during a disaster. In a bad economic downturn, it could be advantageous to not invest in business insurance and, if the day ever occurs, the business can use its own funds to repair damaged infrastructure. However, many aspects of business insurance can cover expenses that are not foreseen. For example, business insurance can cover the damages a business must pay for workman's comp. Business insurance can also repair expensive capital at a business, such as large industrial machines. It is also important to keep in mind that personal worker insurance can be part of a business insurance package. This includes not just health benefits, but insurance coverage over any other benefits the business wants to provide graciously for its workers. The best strategy then is to invest in a business insurance agent. These professionals are well trained and specialize in knowing the current rates and premiums for specific business insurance policies. For example, the business insurance agent may only suggest that the business invest in workman's compensation insurance, especially if its a labor intensive company. If the business is more technical and has large capital investments, then different forms of equipment insurance could be bought. The agent is mainly looking out for the business' best interests, especially since the premiums could high. Also, it may be easier to find an insurance policy that bundles all these aspects together, such as business insurance that includes liabilities, commercial property, and worker's insurance. Business insurance is one of the surest ways of protecting a company and its assets. Although it is an investment per month, business insurance can save a company thousands or millions of dollars if the worst case scenarios happened.
As an independent sub-contractor are you required to get professional liability insurance?
This depends on a number of things. It's hard to say without knowing what kind of work you are sub-contracting. First determine if you need Professional Liability coverage Or Commercial Liability Coverage. They are very different products. Most General Contractors do require the subs to carry insurance. Otherwise the General Contractor will have to pay much more for insurance coverage that effectively covers his or her own activities as well as those of the sub-contractors. If the General Contractor you are doing work for already has coverage for his subs under their insurance (usually not). What is the nature of your agreement with the General Contractor. Some Contractors insurance policies cover subs while others do not.
What are the benefits of third party insurance for cars?
Third party insurance for cars provides coverage for damages or injuries caused to another person or their property in an accident where you are at fault. This type of insurance can help protect you from financial liability and legal expenses in such situations. It is a legal requirement in many places and can provide peace of mind knowing that you are covered in case of an accident.
