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Business insurance is an incredibly important part of starting and enterprise; not only is it a good idea to protect yourself and your possessions against possible calamity, but it is also often a mandate by the government of many states. However, when purchasing business insurance, you always want to know what you are getting into, and who the best business insurer is. So in this article, we will talk about where you can go to get the best business liability insurance quotes.
First, it is a good idea to know what kind of business liability insurances there are. They fall into four principal categories: general insurance, which provides protection against property damage and personal injury, professional insurance, which provides coverage for errors and omissions that might come about from a law firm, medical practice or accounting firm, product insurance, which is what manufacturers purchase in order to protect themselves from suits that might come from product malfunction. There is also EPLI, which insures claims against wrongful termination, sexual harassment and discrimination.
Then comes the time to figure out which insurer you would like to buy from. You can check your insurer’s credentials with JD Power and Associates, which provides you with a list of consumer reports that will help you understand the credibility of the organization, and you can also check with your state’s department of insurances to figure out if the insurer is providing sound service and hasn’t had a significant number of judgments against it. Cheap business liability insurance quotes are only good if the service is excellent.