How Do I get Commercial General Liability Insurance?

The risks of the trade, size of the business and state of operation have determined the costs. You’ve decided on the types and amounts of coverage, reasonable deductibles and affordable premiums for your business needs. Now, it’s time to purchase your commercial general liability insurance.

Research and More Research

After meeting with a few insurance companies, visit the state insurance department or the National Association of Insurance Commissioners for full company histories. The Better Business Bureau also provides information regarding how the business or branch interacts with its customers. Professional associations, such as builders’ exchanges, often offer recommendations and reviews of insurance providers.

The Transaction

To finalize the agreement, schedule another appointment with the agent or representative originally interviewed. Include, in the meeting, company principals, production supervisors, members of the Human Resources department or others who may offer further insight into the contract. They may also need to sign documents. If the insurance company requires a down payment, which should have been discussed when shopping for quotes, it is usually surrendered at this time. Before leaving, discuss the payment structure again to solidify payment arrangements and the order of contact during a claim report. Ensuring that all parties involved know the order of events will make the claims process less stressful and more productive.