Getting a new commercial insurance policy with us at BenefitSource Insurance Services, Inc. can be a challenge if you aren’t sure where to start. So if you live in Aliso Viejo, CA and are starting a new business, here are a few tweaks and trips you can take advantage of to improve your insurance and ensure that you don’t pay too much.
Cut Unnecessary Coverage Types
Your commercial insurance should vary depending on the type of business you operate, and your insurance should only cover what you need. For example, vehicle coverage is not necessary for companies that have only one or two vehicles. You can also cut flood insurance coverage if you are nowhere near a flood zone.
Maximize Your Liability Insurance
Conversely, you should always have as much liability insurance as possible for your business. Even if you have to take out extra supplemental policies, you need to ensure that your company is protected from lawsuits. For example, a customer could spill food on their lap and attempt to sue you for it because it was prepared too hot. With liability insurance, you can cover most, if not all, of the damages.
Don’t Neglect Cyber Insurance
Whether you are up to date with technology or not, you need to get cyber insurance for your company. Hackers are everywhere, and they can take advantage of weak cyber coverage. Thankfully, cyber insurance will kick in and protect you if you get hacked, and you or your customers suffer from any financial hardships.
These tweaks and others – such as business interruption insurance and policies for your freelancers – are necessary if you want your Aliso Viejo, CA business to succeed. Please contact us at BenefitSource Insurance Services, Inc. if you operate in this city or anywhere in the surrounding area.
Protecting you is our Sole Purpose!
Residents that live in the Aliso Viejo, CA area are not required by law to purchase homeowners insurance. Most lenders, however, will compel a homeowner to purchase coverage, which will help to protect their investment. For those without a lender, we still highly recommend that you acquire home insurance coverage to protect yourself from liability and damages that could result in financial strains from paying out of pocket. Below are some of the reasons we suggest a home insurance policy and help from one of our agents to make sure you are fully covered in any situation.
Count the Cost
If your home should become a total loss and need rebuilding, you are going to want your home’s estimate to reflect that reality. This is why it is vital that you not insure it for the dwelling’s current market value. The price that somebody would pay to buy your home may not be equal to the cost of building it from the ground up, as the total may be more, or it may, actually, be less. For this reason, it is good to be aware of the building codes in your area so that if construction rates change, you can keep your policy up to date.
It is vital to insure your structure for at least the amount that is owed on the mortgage, and you will need to update your figures if you have added on or performed renovations to your house. Other factors that affect your home’s replacement value are the footage of the home, type of roof, number of floors, exterior materials, types of interior features, and enhancements like garages and fireplaces.
BenefitSource Insurance Services, Inc. is There for You
BenefitSource Insurance Services, Inc. proudly serves the people of Aliso Viejo, CA, and we consider it a privilege to work for you. We invite you to call us or to visit our location to speak to a friendly representative about the insurance package that is right for you. Get a quote and a helping hand while we walk you through the insurance process.