Category: Commercial Insurance

Starting a business in the Montgomery County, PA area could be a great idea. However, you need to make sure that you have proper insurance. Eventually, you may need to file a commercial insurance claim. These tips can help the insurance claim process move faster. 

Start the Process Early

One of the best things you can do when filing a claim under your commercial policy is to start the process early. When something happens that you believe will result in an insurance claim, you should contact your insurance company as soon as possible. You should gather as much information as possible and give them a call to discuss your options. Doing this will help speed up the process, and they could provide other support.

Documentation

It is also very important that you have all the necessary documentation. Depending on the accident or situation that could result in an insurance claim, you may need pictures, witness statements, receipts from potential vendors, repair quotes, and other information. You should submit all of this information to the insurance company as soon as you can.

Work with the Adjuster

It would be best if you also worked with the insurance adjuster to help with the claim process. This will be a professional the insurance company sends to assess the situation. Giving them full access to your facility and answering any questions will help speed up the process.

If you are a business owner in the Montgomery County, PA, area, you will want to know you are adequately insured. Our team at Bucksmont Insurance can offer the help you need to build the right policy. Our professionals will take a customized approach to understanding your business and risks to ensure you build a proper policy. 

Insights into Additional Commercial Insurance for Remote Workers

Did you know that 18% of employees across the United States work from home? Interestingly, in Montgomery County, PA, the figure increases to about 25%, even projected into 2024. Despite these statistics, many home workers underutilize additional commercial insurance.

At Bucksmont Insurance, we have vast experience advising clients on needing extra insurance while working from home. Here are a few crucial coverage areas to consider:

Commercial Vehicle Insurance

Without a business rider endorsement in Pennsylvania, your personal auto insurance may not adequately cover liability, collisions, and more comprehensive aspects. Let us at Bucksmont Insurance guide you accordingly.

Workers Compensation Insurance

If you have employees in your home office, you may need to provide workers’ compensation insurance unless they are contractors. We are here to help you ascertain if you need this coverage.

Professional Liability Insurance

Known as E&O insurance, it covers any errors or omissions in your clients’ services. This coverage is crucial for wide-ranging professionals like doctors, lawyers, and teachers.

Certain clients based in Montgomery County, PA, may require specialized commercial insurance while operating their businesses from home. Such customized insurances include environmental compliance policies, regulatory compliance insurance, and increased liability insurance for clients’ injuries while visiting.

Interestingly, securing proper additional commercial insurance for your home-based business doesn’t only ease your stress. It could also help you acquire new clients who see this insurance coverage as a sign of professional reliability.

If you’re a remote worker, your homeowner’s or renter’s policy may not suffice. Drop by Bucksmont Insurance for a confidential review of all your insurance needs.

Commercial insurance is one of those topics that every business owner wishes they knew more about. Commercial insurance can be complex, with a variety of options to choose from. You are always wondering if you have enough insurance, too much, or too little, and what the value is you are getting out of your policies. Serving the Montgomery County, PA area, our team at Bucksmont Insurance is in a position to help educate you on unique commercial insurance benefits you may not realize.

Unique Commercial Insurance Benefits 

Prevents Business From Disaster

You never know when disaster is going to strike. This could be a fire that breaks out at your place of business, or even worse something like a natural disaster that does immense damage. how could you keep your business going? Commercial insurance is the answer with proper business owner’s insurance, and more.

Business Credibility

When you have an insurance policy, it brings credibility to your business. Individuals will be more likely to want to do business with you as they know you have the support of your insurance company. You are seen as more reputable and can advertise as licensed, bonded, as well as insured, bringing trust to your company.

Financial Opportunity

You need and want financial opportunity as a business. If you intend to rent, take out a loan, etc. you are going to need commercial insurance to qualify.  

Reach Out To Us

Now is the time to be sure you are on top of your commercial insurance needs. Take this action before your business is hit as a result of neglecting it. Commercial insurance is critical and provides many top-tier benefits you may not immediately see. Serving the Montgomery County, PA area, let our team at Bucksmont Insurance teach you what you need to know and more about commercial insurance.