PERTINENT INFORMATION FOR BUYING COMMERCIAL INSURANCE, GLENDALE, AZ
PERTINENT INFORMATION FOR BUYING COMMERCIAL INSURANCE, GLENDALE, AZ
Perhaps the most devastating misconception a small businessman has is that they are too small to need Business Insurance in Arizona.
“Unfortunately,” Jim Bivona of Bivona Insurance Group, an insurance brokerage firm that sells insurance in Glendale, Arizona, explained, “by the time you realize you need insurance it might be to late to get it – – a little like closing the barn door after the horse gets out. While insurance can represent a major cash outlay each month,” he went on, “not having it can totally wipe you out financially!”
Prior to purchasing Arizona Business Insurance you need to know exactly which types you need. Typically, there are three kinds you should consider:
- General Liability– Covers any legality due to work related accidents; injuries and claims of negligence.
- Professional Liability(Also known as “Errors & Omissions Ins.) – Protects against malpractice, errors and negligence when providing services.
- Workers’ Comp – Mandated by law if you have employees – – even if it is only one.
Knowing what Arizona Commercial Insurance you need is, obviously, only the first step. The next challenge is getting appropriate coverage at reasonable/affordable prices.
“There are tips that are pretty much accepted industry wide,” Bivona said, “and should be taken into consideration when you are preparing to buy Arizona Business Insurance.”
These “tips” include, but are not limited to:
- Look for a Reputable, Licensed Agent.
- Understand your business and risks. Work with a broker to assess yours risks and justify the amount of insurance you need.
- Do your Homework – Research the insurance packages commonly carried by professionals in your industry.
- Shop Around – Trade and Professional Organizations often offer discounted coverage to members.
- Find a Broker you can Trust, thus knowing you are getting the best coverage at the best price.
- To set your mind at ease that you have the proper Business Insurance for Arizona, contact your agent. Or, if you prefer, you can contact Jim Bivona at 623-256-1000 and he and his staff will be happy to discuss this whole concept with you, and help you ensure that you have the proper Commercial Insurance in Arizona at the best possible price!
To learn more about the BIVONA INSURANCE GROUP go to www.bivonainsurance.com.
To learn more about this topic go to:
Small Business Buyer’s Guide for Commercial Insurance « Pro Action
http://theselfemployed.com/insurance/4-key-tips-when-buying-business-insurance/