post Category: Business Insurance post postMay 5, 2008

Insurance agents or agencies, like any other business, must maintain adequate business insurance coverage to protect business property and other business assets.



The types of insurance coverage described here are general in nature and are not presented as an all inclusive list of needed insurance coverage.

Insurance for Business Property

Obviously, if you own your building, insurance coverage to cover damage or total loss of the property is needed.

  • Office furniture & fixtures
  • Computers & monitors
  • Computer software
  • Valuable papers & documents
  • Employee’s property on the job

Insurance For Loss of Business Income

Loss of business income could go hand in hand with a covered loss under your property insurance coverage. After all, if your office is damaged by fire, wind, smoke or water, you probably won’t be able to open your insurance agency.

Insurance To Cover the Loss of Other People’s Property

What would happen if a potential customer brought you a complete set of architectural drawings for his new office building, to assist you in designing an insurance program, and that night your insurance office was destroyed by fire?

Insurance Web Site Interruption

Does any part of your insurance business income come from a remotely hosted web site? Some insurance policies provide insurance coverage for loss of income when the operation of your web site is interrupted.

 

 

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General Liability Insurance

Most insurance agencies have people coming in and out of their office on a daily basis. It is imperative that you carry enough General Liability insurance to protect the assets of your agency against the potential risk of bodily injury on your property.

Like Everyone Else, Insurance Agents Make Mistakes

Some mistakes can be overlooked, others cannot. A mistake in rendering the professional duties of an insurance agent is a mistake that probably won’t be overlooked. Professional Liability or Errors and Omissions insurance is critical to a professional insurance agent.

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