Business Insurance Archives - GEC Insurance Services

What Type of Insurance Should a Startup Business Consider?

wpadmin2023-02-08T15:27:13+00:00

Insurance coverage is an often-overlooked necessity for startups. If a business suffers loss to any property or equipment, it cannot be easy to recover without the right cover in place. A loss could lead to a damaged reputation and profits, so your startup must consider getting the right insurance policy when starting up. Starting a business requires careful planning, and ensuring your business is adequately insured is an essential part of this process. It is important to understand what types of insurance are available and how they apply to your startup. Acquiring the right insurance coverage is the first step [...]

What Type of Insurance Should a Startup Business Consider?wpadmin2023-02-08T15:27:13+00:00

How to Get Insurance for A New Business

wpadmin2022-12-22T20:14:16+00:00

Many business owners research what is the best way for them to obtain business insurance. There are many different options, and the process can be confusing. A self-employed person typically has the option to obtain their health policy. It can be a good choice for an entrepreneur because it can provide more coverage than what their company offers. Understand what company insurance you need. It is the most important step in ensuring you have the right coverage. It is important to know what your business needs before you start. Some things fall under each category, and it is best to [...]

How to Get Insurance for A New Businesswpadmin2022-12-22T20:14:16+00:00

How to Determine What Business Insurance You Need

wpadmin2022-04-12T13:55:55+00:00

You expose yourself to certain risks the moment you start a business. Your company is in danger even before you recruit your first employee, so it is critical to have the correct insurance in place. A single lawsuit or catastrophic occurrence might be enough to destroy your small company before it even gets off the ground. Luckily, you can protect your company against these risks by choosing from a variety of insurance options. Here are four types of insurance coverage that you should have to protect your company's assets. General Liability Insurance Most small businesses require this coverage, especially if [...]

How to Determine What Business Insurance You Needwpadmin2022-04-12T13:55:55+00:00

Benefits of Having Workers Comp Insurance

wpadmin2022-01-21T22:37:35+00:00

Workers' compensation insurance can protect your organization from having to pay for an employee's lost salaries or any other costs stemming from injuries that take place in the office. Here are some factors why you ought to think about getting employees settlement insurance for your service. In many states, you must have workers' payment protection for your workers. You can also choose to choose out of the program if you are not planning to hire staff members. Why is having workers' compensation protection so crucial for a company? It covers treatment, lost salaries, and legal expenses related to a worker's [...]

Benefits of Having Workers Comp Insurancewpadmin2022-01-21T22:37:35+00:00

What is a General Liability Insurance Policy and Why Businesses Need One?

wpadmin2021-11-04T20:16:56+00:00

Over the years, we've received a lot of questions about our insurance products. One topic that our business clients often ask us about is General Liability Insurance (GLI): What type of coverage does it provide us? How does it differ from my existing insurance? Is it going to cost me an arm and a leg? Accidents can happen at any time at a main business location or other venue where an event hosted by a business takes place. For example, a customer might trip and fall and break a leg, arm or even a hip, which results in expenses that [...]

What is a General Liability Insurance Policy and Why Businesses Need One?wpadmin2021-11-04T20:16:56+00:00

Businesses That Benefit from Commercial Auto Insurance

wpadmin2021-10-18T14:11:59+00:00

Commercial auto insurance is a form of coverage that helps mask vehicles such as automobiles, lorries, and buses used for business purposes. Commercial auto insurance is tailored to the needs of business owners and employees. Vehicle damage and driver injuries are covered by commercial auto insurance. Commercial auto insurance policies have higher insurance requirements than individual auto insurance policies. It's because cars and trucks require extra protection in the event of an accident. 1. Building and Construction Businesses Construction project insurance, also known as commercial auto insurance or commercial vehicle insurance, is not the only option. It's a type of [...]

Businesses That Benefit from Commercial Auto Insurancewpadmin2021-10-18T14:11:59+00:00

Business Insurance and Ransomware Attacks

wpadmin2021-07-12T23:12:47+00:00

Whether you own a business or work within the security department for your organization, there is one thing you cannot deny: There's a need for top-notch cybersecurity implementations and protocols in today's digital marketplace. Whether its password lockout policies designed to protect the accounts of users within a network or hiring staff to maintain and monitor your security posture, evolving attack vectors never sleep, and attackers will work 24-hour shifts to steal your data. But what happens if our systems become compromised? Better yet, how should security professionals position themselves to protect the financial infrastructure their business relies on to [...]

Business Insurance and Ransomware Attackswpadmin2021-07-12T23:12:47+00:00

Why All Businesses Should Carry Business Owners Policy

wpadmin2021-05-24T17:27:08+00:00

It is always a concern for a business owner to have their business covered for anything unexpected that could happen. The factor of the unknown is something successful business owners prepare to handle because they know it's always possible. A business owner's insurance policy is the best way to be protected against the unexpected. Business Owner's Policy This is a type of insurance designed to protect businesses from all significant liability and property risks in a single policy. This type of insurance is good for a business but is also essential for professionals. This includes property managers, accountants, real estate [...]

Why All Businesses Should Carry Business Owners Policywpadmin2021-05-24T17:27:08+00:00

Types of Insurance That Every Business Owner Should Carry

wpadmin2021-01-04T17:39:39+00:00

Running a business comes with a certain level of risk. There are many unforeseen situations and circumstances that are bound to affect the normal operations of your business. That is the reason why you cannot afford to operate a business without insurance. Sometimes you might be tempted to think that avoiding insurance will save you money in terms of premiums. But the truth is that insurance is one of the best ways to protect your business from financial losses. However, it is important to ensure that you purchase the right type of insurance from genuine and accredited insurance companies. Before [...]

Types of Insurance That Every Business Owner Should Carrywpadmin2021-01-04T17:39:39+00:00