Archive for February, 2011

BAR, TAVERN OR NIGHTCLUB INSURANCE QUOTE
If you own a bar, tavern or nightclub, your insurance coverage is the last thing you think about. You most likely work long hours in to the night and then turn around the next morning and start it all over again. The last thing you have time to think about is your Bar’s Insurance. There are a few things that you need to think about when get your bar, tavern or

nightclub insurance quote. First you need to look at liquor liability insurance. This is an important coverage since a majority of your clients are going to be drinking alcoholic beverages in your bar. This will cover you if a patron drinks at your bar and then drives home and injures someone else in a motor vehicle. This could be a type of claim that could close your business down without the proper Liquor Liability Insurance limit. The next coverage that is important is General Liability and Property coverage. Has your floor ever been slippery due to food or drink being spilled? Has anyone ever slipped and hurt themselves on your floor? This is where General Liability Insurance for your Bar comes in. Property coverage will cover any property your business owns. This could be all of the tables, chairs or inventory. Or if you own the building you would also need building coverage. The last coverage you need to purchase is Workers Compensation. You need Workers Compensation Insurance in case one of your employees is injured while working or in the event of an employee suing for an injury.

Hopefully you will find time to review your current coverage and make sure that Bar, Tavern or Nightclub insurance program is properly Insured.

BAR, TAVERN OR NIGHTCLUB INSURANCE QUOTE
Cranson Insurance Agency specializes in Bar insurance quotes and Night Club Insurance quotes, workers compensation insurance quotes, health insurance quotes, disability insurance quotes and life insurance quotes in Oakland County, Washtenaw County, Kent County, Cook County and Wayne County, plus the entire states of Michigan, California, Illinois, Indiana, Kansas, Ohio, Oklahoma, Maine, Missouri and New Jersey and New Mexico.

So you have a Funeral Home and you have Funeral Home Business Insurance to cover your property and liability risks.

You may also have Workers Compensation for your employees. You have probably had the same agent and company for years and really haven’t worried too much about your coverage because the premium doesn’t go up much each year and you haven’t had claims so you think you are doing just fine. But are you? First consider the cost to replace your Funeral Home in the event of a fire? Has your limit of insurance kept up with the replacement cost of your building and contents? In many situations I have found many buildings to be under-insured. Also as your business has grown, have you increased your limit of liability or considered a Funeral Home Umbrella policy to protect the businesses assets in the event of a liability claim? How about your hearse insurance or Automobile liability, have you updated your driver list? What if your employee drives his or her own vehicle for work purposes, do you have non-owned auto liability? These are important things to consider when you get your Funeral Home Insurance quote each year at renewal. One of the newer coverages offered on a Funeral Home Insurance quote is Funeral Directors Errors and Omissions Insurance. This will cover the funeral director or his or her employees in the event of a mistake with funeral preparations of a loved one. This is not a claim situation you want to be involved in if you don’t have the coverage. So when you renew your Funeral Home Insurance, make sure you sit down with your agent and discuss you entire business. A small gap in your Funeral Home Insurance coverage could create a huge financial liability for your Funeral Home Business.

For a second opinion on your Funeral Home Business Insurance quote, call Cranson Insurance Agency at (888)581-0331 or CLICK HERE to visit their Funeral Home Insurance quote page.

Bryan Cranson is the owner of Cranson Insurance Agency in Northville, MI specializing in business insurance quotes, workers compensation insurance quotes, health insurance quotes, disability insurance quotes and life insurance quotes in Oakland County, Washtenaw County, Kent County, Cook County and Wayne County, plus the entire states of Michigan, Arizona, Kansas, California, Illinois, Indiana, Maine, New Jersey, Ohio, Oklahoma and Missouri.

FOR A COMMERCIAL AUTO INSURANCE QUOTE, CALL BRYAN AT (248) 581-0331

Every one / company who owns a commercial truck will have to have a commercial trucking insurance coverage for it before taking the truck to the road. Such expenses can cause an impact on a person’s or company’s financial status. In the Chicago metro area, a primary liability trucking policy with cargo and interchange coverage may average about $8,000 per year. However, a person can opt to look for a insurance company that will not charge them a lot. It is possible for someone to find a cheap trucking company, but one needs to understand that cheaper rates do not necessarily mean good services.

A commercial truck driver works under more strict rules and laws, and has obligations that outnumber that of a normal driver. They are usually transporting freight, which can be quite a liability, plus other duties that force them to drive keenly. It is every truck drivers nightmare to cause an accident without having the necessary insurance. The impact of such a situation will negatively impact their career, as well as cause harm to public.

One of the things a person should do when looking for good insurance is to shop. It is not wise to try and find an agent without having the necessary information about the service you are looking for. The information will guide someone on what type of package to settle for. Remember that the trucking insurance industry is always changing, lots of companies come to the market, and lots of them leave, constantly. Therefore, you will almost always find a better deal, with new comers that want to try a piece of the lucrative trucking insurance premiums. It is safe to know the average costs of insurance as well as the details of the package. The only way to come about such information is by carrying out thorough research beforehand.

There are a number of things that need to be looked at before shopping for a good insurance company. You need first to decide what kind of insurance coverage you need. Coverages relevant to most trucking policies may include:

1. Primary Liability Insurance. Primary liability for most truckers ranges from $750,000 to $1,000,000 for bodily injury and property damages. Truckers who cross state borders are mandated by the FHWA (Federal Highway Administration) to carry limits based on the kind of materials hauled. For examples, certain HAZMAT truckers or truckers that haul hazardous materials are required to carry at least $1 million in auto liability.

2. Cargo Coverage: Like primary auto liability, certain truckers that require state and federal filings are required by law to maintain certain amounts of cargo (coverage of the merchandise that is being hauled.) Most truckers carry between $100,000 to $250,000 although the limits may be significantly less (ie $15,000).

3. Trailer Interchange insurance. Truckers may have to purchase physical damage coverage on the trailer that they haul. The limit may cover trailers that belong to others while it is in use by the insured trucker, or the trailer that is owned by the insured trucker while it is in use by other truckers.

4, Physical Damage on Truck/ Own Trailer. This is collision and comprehensive on own truck/tractor or trailer.

5. General Liability: Provides Commercial General Liability for the business itself, not the trucks.

6. Workers Compensation. Covers employees/ drivers for medical payment & disability income for any work related injury or disease.

7. Occupational Accidents. Provides limited medical payment and limited disability income benefits for any work related injuries.

8. Umbrella Coverage. Provides extra liability coverage above and beyond the underlining General Liability, Auto Liability and Workers Compensation.

9. Hired and Non-owned Auto: Provides coverage for auto hired by the insured, or autos that are not owned by the insured when they are used in connection with the Insured’s operations (not easy to get for a small commercial trucking business.)

10. Towing and Rental: Towing provides coverage for towing the disabled truck when involved in a covered loss (ie accident, theft, etc.) Rental coverage provides for limited payment to rent similar truck in the event the insured truck is disabled because of a covered loss.

When all the important information has been covered, it is now easier to find the right company/ agent. The next step will be to look at the insurance quotes in the market. This can easily be done via the Internet by visiting various websites that offer the service. There are so many trucking insurance companies who offer their services online, looking through the options will help a person come up with a list of insurers they can work with.

Fill out the forms of potential insurers and they are bound to send a quote. In the long run, a person gets so many quotations from several companies/ brokers. This makes it easy for someone to choose the best alternative for them. However, there are other factors that will influence the overall decision.

Once a person has all the quotes they need, they can conduct a thorough review on each one of them. Do not decide on a quote just because their rates are low, the best quote to choose is one that offers the best coverage that you need for money paid. There is always a reason why an agent offers cheaper quotes than the others, find out why and decide whether you still want to work with them. Compare quotes that have similar charges in relation to the covers offered. The following are the factors that affect the premium:

1. Garaging Address: Some companies look at the ZIP Code to price your policy, while other companies may look at the County. Remember always to make a distinction between your mailing address and the garaging address. This is a significant issue here in Chicago, where the ZIP codes of the City is 606xx. Truckers who live in the city and garage their trucks in a suburban area may end up being over charged by companies that use the ZIP codes for rating (Progressive Insurance is an example of these companies.)

2. Credit of Applicant. Some trucking companies are credit driven. Truck applicants with better credit have better prices. Example: Progressive Insurance.

3. CDL Experience/ Operator Age: While many companies will not even consider you if you have less than 2 years of CDL experience (Example: Canal Insurance) other companies will penalize you for having less experience, or if your MVR has blemishes. While most companies will not insure anyone under age 21, there is normally a surcharge for drivers under age 25.

4. Prior Insurance: Many companies will give you discounts if you show proof of prior insurance, without any lapse. Example: Progressive Insurance.

5. Limits of insurance on your primary liability, cargo and trailer interchange. The more coverage you ask for the more money you have to pay.

6. Radius of Operations: There are no rules here. Some companies prefer short range (up to 300 miles) truckers while other will penalize local truckers (especially if the trucking business is situated in a large metropolitan area like Chicago or New York.) Progressive Insurance, for instance, does not allow over 500 miles for radius of operations, but may allow it on restricted basis. Other companies (such as Canal) may give much better rate for longer range operations.

7. Merchandise Hauled. Certain merchandise (electronics, expensive clothes) are more expensive to insure that, for example paper products, or regular household products. Refrigerated products are also more expensive to insure than plastic products.

In the event that this is the first time a truck is being insured, it is important to include riders in the cover. This option can be offered at a higher charge than the normal cover. It is usually cheaper to pay the insurance company annually, this is because there are certain discounts offered when the payment is made in bulk. This option is not offered by all the agents, so you need to ask about it before committing to a certain commercial trucking insurance.

Learn more ideas, tips and tricks about the commercial trucking, cargo and trailer interchange from a former college educator of insurance & finance with over 20 years experience in the insurance industry. Visit Insurance Navy’s website and browse the auto, trucking and cargo insurance blog for educated ideas that can save you lots of time and money.