When it comes to protecting your livelihood and your business, one of the most important things you can do is to hold the right insurance. There are many I’s to be dotted and T’s to be crossed when you’re a small business owner, and if you’re not careful, missing something important such as liability or different types of business insurance can be disastrous. Larger companies may promise cheaper rates in a matter of minutes, but may not come through for you when it’s crunch time and you need to file a claim. If you’re in search of reliable and trustworthy business insurance in CT, look no further than Scott Insurance.
There are many reasons to choose a CT insurance agency when it comes to insuring your business. Having someone right in your hometown is imperative if there’s an emergency. Claims can get filed and processed more quickly, and you can drop right in the office at any time to check up on how a claim is going or being processed. A hometown agency is also a good idea when you’re shopping and first purchasing insurance. One of our qualified agents will sit down and explain all the different attributes of business insurance – from holding bonds for workers, to worker’s comp insurance, to liability insurance – to tailor a package that’s perfect for your needs. There’s no point in holding business insurance policies that don’t do anything for your business. We’re also happy to explain Connecticut laws and what’s required by law, so that you’re always covered. As always, we provide the lowest rates possible so you can concentrate on the important things, such as running your business.
To learn more about the different types of business insurance in CT or to request a quote, call Scott Insurance today at (203)375-5847 to speak with a professional agent or representative. We’re more than happy to provide an expedient and free quote.Read More
Whether you’re just buying insurance for the first time, or you’ve been shopping around for a new insurance agency and company, there are a lot of things to consider as you choose your agency, your agent, and your policy. First of all, you want to make sure that you have an agent and a company that’s on your side. Larger companies may promise to save you lots of money, and they may at the outset – but come claim time, you may be surprised at how little your coverage actually covers. If you own your own business or carry insurance on your home, this can be a real blow to your livelihood. If you’re in search of CT home insurance and would like an agent right here in your hometown, then Scott Insurance is an excellent choice.
Instead of a stranger setting up your policy for you from a call bank, we will sit down with you and go through your policy piece by piece to completely tailor it to your needs. As your local gay-friendly insurance agency, we’re here for you whether you’re buying your first home, building your business, or renting your first apartment together.
If you’ve been searching for reputable and economical business liability insurance in CT, we can help walk you through that as well, explaining all of your options. Instead of rushing you through to sign a policy in 15 minutes or less, we want to make sure you understand everything so that your coverage really means something, in case you do have to file a claim.
For the most reliable gay-friendly insurance agency in CT, call Scott Insurance today at 203-375-5847 to speak with a professional member of our staff. We’re your number-one choice for auto, home, and business insurance, and we’re always on your side.
Types of Business Insurance
One type of business insurance we haven’t covered yet in our blog series is Errors and omissions insurance.
While this isn’t one of the commonly known types of insurance it can save you money and a headache down the road. Basically, Errors and omissions insurance is coverage for if/when a client holds your company responsible for work that was unsatisfactory or not completed at all.
We bring this up because it’s an insurance that not a lot of business and professionals have and it can be a big help no matter what industry you hail from. Take a look at this piece the Insurance Journal wrote about Errors and omissions insurance for a better idea of how it can help your business.Read More
Getting Company Insurance Coverage
Directors’ and Officers’ coverage (D&O) has long been a favorite among companies that want to protect their directors and officers from damages resulting from alleged or actual wrongful acts they may have committed in their positions. Aside from affording protection against disgruntled shareholders in publicly owned companies, D&O insurance offers privately held companies protection against employees, clients, stockholders, vendors, creditors, and even minority shareholders related by blood or marriage. Directors’ and officers’ liability insurance is often confused with professional liability insurance (or errors and omissions coverage). While professional liability/errors and omissions coverage applies to performance failures and negligence with respect to products and services, directors’ and officers’ liability insurance covers the performance and duties of the executive team.
NOTE: If directors’ and officers’ insurance coverage is not in place to protect their personal assets, it is not likely that investors and members of the board of directors will serve as corporate directors or officers.Read More
Are You Insured for Computer Breaches?
As business growth continues to be driven by computer technology, exposure to breaches of confidential information due to programming errors, network interruption, and client data loss becomes ever more problematic. To meet these challenges, insurance companies offer professional liability insurance called Technology Errors and Omissions Insurance (“Tech E&O”). It can cover litigation costs arising out of their tech products and service when technology providers face lawsuits for negligence or intellectual property infringement. Technology E&O insurance protects against claims of financial loss to a third party caused by errors and failure to perform/poor performance, in addition to covering legal expenses or resulting judgments. This insurance is particularly critical for small technology companies who need financial backing to help them grow.
NOTE: Technology errors and omissions insurance typically provides coverage for liability related to the actions of (sub)contractors working on behalf of the insured company.Read More
Do You Have Business Interruption Service?
After a fire or other catastrophe shuts a business down, business owners may have business insurance that covers all the property losses, but how will they manage to keep going until their building, inventory, and records are back to full production? The answer comes in the form of “business interruption insurance.” While standard property policies provide protection from direct losses, business interruption insurance covers consequential losses that result from the disrupting effects of property damage. This is important because the monetary value of an indirect loss can easily exceed the amount of the underlying direct loss. Business interruption insurance pays for lost net income; relocation to a temporary site; and continuing expenses such as advertising, salaries, mortgage, and taxes.
NOTE: Although commonly overlooked without guidance from an insurance professional, business interruption insurance may be the most valuable insurance that a business can have.Read More