Online Insurance Continuing Education helps you stay Ahead Of The competition ~ INSURANCE

Insurance for Your Business

LIABILITY INSURANCE

This is probably the most important element of your insurance program. Liability insurance provides protection from potential
losses resulting from injury or damage to others or their property. Just recall some of the big cash awards you have read about that have resulted from lawsuits concerning liability of one kind or another and you will understand the importance of this insurance. Your insurance agent can describe the various types of liability insurance coverage that are available. If you will end up with a comprehensive general policy, make certain that the general policy does not include items you don't need. Pay for only the insurance you need. For example, your business may not need product liability insurance.

Do not confuse business liability coverage with your personal liability coverage, both of which you need. Your personal coverage will not cover a business-generated liability. Check to be certain.

Compare the costs of different levels of coverage. In some cases a $2 million policy costs only slightly more than a $1 million policy. This economy of scale is true with most forms of insurance coverage. That is, after a certain value, additional insurance becomes very economical.

KEY PERSON INSURANCE

This type of insurance is particularly important for the sole proprietorship or partnership where the loss of one person through illness, accident, or death may render the business inoperative or severely limit its operations. This insurance, although not inexpensive, can provide protection for this situation. Key person insurance might also be necessary for others involved in your business.

SGC was a small firm run by three partners, a software programmer, marketer, and a general manager. Their product was a complex computer program used by aerospace firms. Al, the programmer, was involved in a severe automobile accident, became totally disabled, and SGC lost their programming capability. The problem was that the computer program written by Al was essentially the company's sole product. Modifications to accommodate the customer became impossible and the time to bring another programmer up to speed was excessive. SGC lost considerable business as a result of this situation. These losses could have been offset by key person insurance.

DISABILITY INSURANCE

You, as a business owner, should be covered by disability insurance whether or not you decide on key person insurance. This insurance, along with business-interruption insurance, described below, will help ensure your business will continue to operate in the unfortunate situation where you are unable to work. Your disability insurance policy needs to provide satisfactory coverage. Particular attention should be paid to the definition of "disability," delay time until payments start, when coverage terminates, and adjustments for inflation.

FIRE INSURANCE

Fire insurance, like all insurance is complicated and you should understand what IS and IS NOT covered. For example, a typical fire insurance policy covers the loss of contents but does not cover your losses from the fact that you may be out of business for 2-months while your facility is rebuilt. Fire insurance is mandatory whether you're working out of a home office or you have a separate facility. You should discuss a comprehensive policy with your agent. Take the time to understand the details.

Monday 8 August 2011

Online Insurance Continuing Education helps you stay Ahead Of The competition

11:19

samina pervaiz

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You can now complete your chosen insurance CE courses as well as those that are mandatory for certification from the catalog of courses listed online which are all approved by the department of state insurance that you are working in. Moreover, online insurance continuing education helps you have the competitive cutting edge in the insurance market where you have to prove your skill and mettle to generate maximum sales from insurance policies.

Continuing education insurance courses are available for life, health, property, fire, adjuster and many more. You only need to have the zeal to learn and excel in your area of expertise and there are infinite resources online to train you accordingly. You can now take the online insurance continuing education for stipulated number of hours as per your convenience and write the online test to earn your credits and certifications.

There are many online insurance continuing education courses that provide for self study and you can even print them from your browser if you chose to study that way. Whether you wish to renew your single insurance license or acquire new licenses for dealing with multiple insurance products you have to earn your credits by clearing the courses in insurance continuing education. Alternatively, WebCE can also ship the insurance course materials to you via the UPS if needed. Some of the states that are doing extremely well in providing online insurance continuing education classes to help insurance agents, advisors and professionals to emerge as successful dealers in insurance are - California, Illinois, Florida, New York, Pennsylvania, Connecticut, and Texas.

However whether you are dealing with insurance products from the states listed above or from any other state it is immaterial as, the online insurance education services get your courses approved by the department of state insurance concerned. By learning new insurance products, concepts, marketing strategies, competitors, laws, rules and regulations that govern insurance policies you will be in a better position to sell your products effectively and confidently to clients without leaving any scope for your competitors to penetrate into your market share.

If by any chance you do not possess the necessary knowledge to answer the questions posed by your clients, then you may instantly lose your customer as they would be some other insurance agent ready to fill in your shoes in an instant and strike a great deal. Such is the competition in the current insurance sector.

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Monday 8 August 2011

Online Insurance Continuing Education helps you stay Ahead Of The competition

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