FAQ: Small Business InsurancePosted: May 12, 2012
Here is an excerpt from a new blog post at GreggMarcus.com:
All policies are organized by specific sections and regardless of what insurance company you use there are many similarities in the contract provisions. It is important that you know what the sections are and typically what they are describing in order to help you quickly get information that you need from these contracts which at often times exceed one hundred pages. In this post, Long Island Insurance Executive, Gregg S. Marcus clearly lays out the facts, myths, and everything else you must know about insuring your small business.
The initial few pages are usually the declarations page or pages. These declare the name, address, amount of coverage and specific limits that the insurance carrier will provide the client. It’s more or less a brief summary which will highlight the main factors of the risk the insurer is providing the coverage for.
To read this post in it’s entirety, click here to visit the Gregg Marcus official website.