How Do I Insure My New Business?

Here is an excerpt from a new blog post at GreggMarcus.com:

Insuring a new business can be a quite stressful process, though with some help it is not too grueling. Business insurance itself is far different than your homeowner’s insurance in the way that it is purchased and the protection offered. It is important to look at the coverage options available to your business. Most new business should consider the basic coverage available to best protect themselves. In this post, Long Island Insurance Executive, Gregg S. Marcuswill explain how one should go about insuring their new business and what types of coverage vary from one company to another.

The basic types of coverage available are property insurance, general liability insurance, casualty insurance, and commercial vehicle insurance. Property and casualty insurance together will protect most of the hard assets of the business such as your furnishings, equipment, and computers. Liability insurance on the other hand will protect your company against a claim made by any other business. If you have employees when you begin your business you are going to need to acquire a form of workers compensation insurance as well.

To read this post in it’s entirety, click here to visit the Gregg Marcus official website.


Insurance for Business Vehicles

Here is an excerpt from a new blog post at GreggMarcus.com:

Insuring vehicles for a business is quite a tricky situation to delve into, though it is a very necessary and recommended process. Business Cars serve a number of functions which include making sure that workers get to and from t heir business meetings, look professional, or even be used as advertising material. Insuring any vehicle in general is a very important business that you can’t ignore. If you want to choose the right company that will give you the fairest deal you must first understand what will best suit the needs of your business and employees. In this post, Long Island Insurance Executive, Gregg S. Marcus will explain how to go about acquiring the proper type of automobile insurance for your business vehicles.

When determining which company to go with you should not be persuaded by creative and enticing commercials and advertisements. You should be concerned with companies that have the highest-rated customer service support, often ranked by state and even worldwide. It is important to analyze the client base of a company as well as view average premiums of current customers to see which are the lowest. It is also nice to encounter companies whose agents are cooperative and helpful over the telephone.

To read this post in it’s entirety, click here to visit the Gregg Marcus official website.


Confusing Insurance Terms Explained

Here is an excerpt from a new blog post at GreggMarcus.com:

Many people upon receiving an insurance policy renewal of any sort often find that many insurance terms are confusing and indefinable.  Of course those in the business itself have little to any trouble conceiving the long and tedious contracts. If you don’t ask for explanations of specific terms and concepts there is an assumption that you understand them, many of these terms are quite befuddling to the layperson.  In this post, Long Island Insurance Executive, Gregg S. Marcuswill define and elaborately clarify many confusing insurance terms and conditions.

Two very common phrases often uttered throughout an insurance policy are replacement cost and market value; this is of course when referring to a homeowner’s insurance policy. Replacement cost and market value are affected by the fluctuations in the economy, including the costs of labor and other materials or housing demands. Often the market value of a home will be a bit higher than the replacement costs or vice versa.

To read this post in it’s entirety, click here to visit the Gregg Marcus official website.


Business Insurance at its Simplest

Here is an excerpt from a new blog post at GreggMarcus.com:

Proper business insurance does not have to be complicated. Many feel that putting business insurance in place can be an overall haunting and grueling task. Though, many business owners start out by putting off attaining business insurance and throw it on the back burner. This should not be the case as it is not as terrible a task as it seems. Most owners do this because they feel the purchasing of insurance is either overwhelming or unnecessary. In this post, Long Island Insurance Executive, Gregg S. Marcus will explain how simple and also how important business insurance is to your company, your employees, and yourself as an owner.

When considering insuring your business you should never feel the policy will be either too expensive or too unnecessary. It is important to first understand the basics of business insurance. Each and every business should have general liability insurance, a form of property insurance, and depending upon the amount of employees—workers compensation. There is also a multitude of additional coverage options out there as well as specific types of business insurance.

To read this post in it’s entirety, click here to visit the Gregg Marcus official website.


FAQ: Small Business Insurance

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.


Does your Business Need Additional Coverage?

Here is an excerpt from a new blog post at GreggMarcus.com:

As a business owner you have probably had to decide in the past whether your business insurance is over covering your business or under covering it. Too much coverage can become quite costly and in turn ineffective. While not having enough coverage can in the end put your business out if something unfavorable were to occur. Most companies’ policies possess the most basic of all coverage; including liability insurance, property insurance, and services such as worker’s comp. In this post, Long Island Insurance Executive, Gregg S. Marcus will explain why this basic coverage may not be enough in regards to your personal business.

The basic coverage mentioned earlier is normally okay if all your business consists of is a building and employees and you do not expect anything out of the ordinary to happen. There are some additional coverage options available that are crucial for businesses to acquire on top of their basic insurance policy. Most individuals believe the following are covered under their basic business insurance policy, when in fact more often than not they are not.

To Read this post in it’s entirety, click here to visit the Gregg Marcus official website.


Does your Business Need Additional Coverage?

Here is an excerpt from a new blog post at GreggMarcus.com:

There are a staggering number of scenarios in which a home is to become vacant for an extended period of time. In many cases this is for more than just a weekend or couple week’s vacation. There are many people who believe that their vacant home, for whatever reason, is covered under their existing policy, not truly knowing that in reality the vacant house has severely limited coverage. In this post, Long Island Insurance Executive, Gregg S. Marcus explains the situations in which a home may be vacant and why and how you can properly insure your non-living residence.

There are many reasons why a house may remain vacant. Regardless of the reasoning, people are usually misinformed about their vacant homes coverage. The most common reasons a house will remain without residence are the following: a family has purchased a new house and the old home is now vacant and waiting to be sold, an elderly parent or loved one has moved into a nursing home in which the house is left behind for the children to decide what they wish to do with it, or a couple moves out of state for half a year or so for a job opportunity.

To read this post in it’s entirety, click here to visit the Gregg Marcus official website.


The Basics of Business Insurance

Here is an excerpt from a new blog post at GreggMarcus.com:

Many have said that businesses, both big and small, compromise the backbone of the American economy. Especially in the younger and smaller business in which people are applying innovation, ingenuity, and originality in order to help jump start and progress forward. As these growing industries represent hope for change and progression when a business fails it can have a devastating effect on many levels. Including the loss of jobs, income and business owner’s investments all take a turn when the business fails. In this post, Long Island Insurance Executive, Gregg S. Marcus will lay out the basics of business insurance and fully explain everything you need to know regarding policies for both large and small offices.

There are several variables that go into play when attempting to predict whether or not your business venture may fail.  It can even involve a product or service that the public isn’t interested at the time in which you put all your money into. Situations could become even worse, such as if a company is being sued for unfortunate accidents or incidents that happened in or even surrounding you place of operations. This will translate to great legal costs and expenses which could severely hurt or even bankrupt your business.

To read this post in it’s entirety, click here to visit the Gregg Marcus official website.


Tips for Dealing with a Denied Claim

Here is an excerpt from a new blog post at GreggMarcus.com:

It goes without saying that in any event in which you submit a claim against your homeowner’s insurance policy, your insurer has the right to deny it.  When dealing with a denied claims you will at often times become frustrated, confused or even frightened, as this is, as with any insurance arrangement, incredibly stressful, though you by no means have to accept no for an answer and leave it at that, as a customer you possess the right to fight back. It should be known that most denied claims cases are simply errors or miscommunications, claims denials could also represent fraud. If you truly believe you are not getting what you paid for and feel your insurance company is not keeping up their end of your agreement you should not quit until justice prevails.  In this post, Long Island Insurance Executive, Gregg S. Marcuswill explain what steps you must take after having an insurance claim denied.

Initially, the first thing you should do is review the denial. An insurance company can’t simply deny your claim because they don’t feel like dealing with you, as a contracted customer you are entitled to be covered by the insurer with only a few exceptions. Once an insurance company denies your claim, they must provide a reason, be sure to go over this reason and make sure you understand their comprehension.

 

To read this post in it’s entirety, click here to visit the Gregg Marcus official website.


Is Small Business Insurance Necessary?

Here is an excerpt from a new blog post at GreggMarcus.com:

As a small business owner there are a lot of things you are concerned with on a daily basis.  Without insurance, it is possible that you would have even more to worry about. Do not take that chance! It is necessary, even when owning a small business to possess business and liability insurance policy.  Beside from thinking of salaries, hiring employees, technological issues and attracting customers, business insurance should be on your list of responsibilities. In this post, Long Island Insurance Executive, Gregg S. Marcuswill explain why even owners of small businesses should hold policies similar to those of large, corporate business executives.

You should definitely consider a business insurance policy if as an owner, you have a decent number of employees.  If there are more than just a few individuals working for you, you should definitely not skimp on an insurance policy as there is obviously more likely going to be a problem with the more people you have working.  Depending upon your type of business, some employees may be working miles or even states away.

 

To read this post in it’s entirety, click here to visit the Gregg Marcus official website.