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Stacy Said:

My business threatened by complex insurance claim, how can I get out of it?

We Answered:

To be exact, your business is not threatened by a complex insurance claim, it is threatened by the illicit theft of valuable assets. You need to sue and take criminal actions against the party which stole your assets. If this was some kind of scam and the perpetrators cannot be found, that may be difficult to do. Most insurance covers the physical theft or destruction of property. Insurance cannot provide protection against scams otherwise they would soon go out of business. You don't go into enough details as to how these assets were stolen to evaluate what you can do. Good luck.

Derrick Said:

Liability Insurance for a live chat support company?

We Answered:

Your commercial liability carrier is going to require that your subcontractors all have commercial liabiltiy insurance, as well, naming YOU as additional insured. So, yes, they will.

Or, you can hire them as employees, and pay extra to have them covered under your policy.

All of your clients will be asking for this. The "business interruption" will probably be the expensive part.

Get a good, experienced, local agent to help you get this placed.

Stephanie Said:

Gulf Coast business owners: Did they not sell Business Interruption Insurance in your area?

We Answered:

Fat, drunk and stupid is no way to go through life.

Marian Said:

Which of the following types of insurance is optional and greatly depends on how important your B&B income is?

We Answered:

B. And if you want to PASS that exam, you'll have to know exactly WHY.

Rachel Said:

Is anyone able to provide me with a description of Forced Outage Insurance - for a non insurance person. Ta!

We Answered:

You need to speak to an insurance agent that specializes in this area. Most insurance agents have no idea how to answer your question. Speak to a licensed insurance agent about this important coverage.

Marcus Said:

How much would these insurances cost?

We Answered:

You find them from a local agent.

Property is usually going to run between 5% and 15% of the property value, depending on what kind and where it is. General liability starts at $500, but it's based on either gross sales, or payroll, or square footage, or it can even be pulled out of the air. Each type of business will have a minimum premium for GL.

Professional can be anywhere from $250, for a vet or a hairdresser, to $250,000 for an obstetrician.

Disability depends on you - how old you are, what kind of shape you are in, what your occupation is, and how much money you make.

Business interruption is usually a property coverage, and how much it costs depends on what type of business, how long you want coverage for, and how much limit of coverage you need.