Ten Texas Business Insurance Coverage Traps 0
Texas main issues the insurance business, you must understand
1. Is your computer or property insured in transit at a trade show, and in any place other than your business address?
2. Police called to 2 hours. The windows are broken and Noah and the animals are just entering the ark of your insurance to pay for water damage and horrific loss of revenue as well be four months before the event is open again?
3. When purchasing new equipment, construction or just remodeling, which have automatic coverage before you declare the additions for your business?
4. Your security policy of the full replacement cost of its building after suffering an insured loss? What if you want to rebuild on another site that would be best for your business?
5. Your business is completely extinguished by the fire. Your policy to continue to pay business expenses and profits go to waste? What if I do not suffer a complete stop, but a loss of 60% of the activity? What if you can not get approval to start rebuilding the city, even for 8 months? Suppose there was a change in building code?
6. You borrow a friend’s truck to visit a client. You hit a bus stop and injuring 4 people. You are sued for a total of $ 2,600,000. If you are insured at all because it was a borrowed truck? Suppose the court awards damages of $ 2.6 million?
7. Do you have a full cost recovery to recreate the destruction of valuable documents and electronic documents? Do you keep records duplicated elsewhere?
8. You sell a product online at a company in England. Six months later, you receive a summons for a lawsuit in England by the damage of your product. Your insurance coverage for claims filed outside the U.S.?
9. An employee who drives his own car to run to the store to pick up some office supplies. She loses control and rams into the corner store causing damage of $ 13,000. Your insurance pays the damages? Your employee is injured by a sum of $ 6,000 for medical expenses and 6 weeks off. Who pays the bills and lost wages?
10. In a journey of pleasure you rent a car with your credit card company. An hour later, he lost control, injuring four people. Do you have a protection of at least $ 2,000,000 for medical expenses, lost wages and pain and suffering of the wounded? Remember that it was a rental car hire in the pleasure of using your credit card. Suppose that you were not in the U.S.? Read the rest of this entry →
