Don’t Blindly Accept an Insurance Contract

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D&G Sayles Insurance

Businesses face daily threats of litigation simply by being open and conducting business. Employees can sue their employer over injuries at work or errors in paperwork processing, and consumers or clients can open up a claim for product defect or breach of contract. One of the highly recommended ways to protect against these risks and exposures is through commercial insurance coverage.

Be Knowledgeable

The team at D&G Sayles Insurance recommends that you meet with potential agents before committing to a policy contract. As you do so, you should be prepared to explore all the areas of insurance and liability that your company may need. If you aren’t sure of what to ask, these are questions to ask a commercial insurance broker.

  1. What types of insurance are available for my operations?
  2. Why should I consider this coverage and what are the benefits?
  3. What are the policy limits?
  4. What are the exclusions of this policy?
  5. Are there any gaps in coverage?
  6. What are the payment options for my premium?
  7. What is the process for submitting a claim and how soon is it generally resolved?
  8. Do you offer discounts for bundling various coverage needs such as general liability and commercial auto?

Heading into a meeting with questions to ask a broker helps ensure that you know exactly what you are paying for. You are also more informed about the policy and areas that might be a liability in the future.

This post was written by , posted on November 27, 2019 Wednesday at 2:52 pm