What’s the Difference between an Insurance Agent and a Broker?

insurance agent and broker

An insurance agent and a broker are both licensed professionals that assist individuals and businesses with purchasing an insurance policy. Although they both generally work towards the same goal, they have very different obligations.

In this article, we’ll discuss the key differences between an agent and a broker. This way if you ever find yourself choosing between the two you’ll know the benefits of each. Let’s get started.

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Liability Insurance for Businesses

Liability Insurance for Businesses

Liability insurance is a type of coverage that protects your business against property damage and bodily injury claims. Usually, in these instances, the party that’s been affected feels your business is financially responsible for the damages they’ve incurred. They could attribute their damages to several factors, such as your advertisements, services, or operations. Essentially, this insurance works as a safety net in the event you’re found negligent.

Here’s an example to give you a better idea. Imagine that you run a fast-food restaurant and someone slips and falls from some ice on the floor. While some will brush off the incident, others may decide to file a lawsuit against you. With the help of liability insurance, your legal costs will be covered and so will their medical bills if you’re found liable.

In this article, we’ll discuss the benefits of liability insurance for businesses. Let’s begin.

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Do You Know What Your Insurance Policy Covers?

home insurance policy covers

Insurance policies offer multiple plans that provide different levels of protection against liabilities and risks. But do you know what your insurance policy covers? It’s stated that 15% of homeowners don’t know what their policy covers and they don’t know where to check.

Therefore, it’s essential to have extensive knowledge of the appropriate add-ons, exclusions, limits, and so forth. The last thing you want is to file a claim and find out you weren’t as protected as you thought you were. Here’s what you need to know.

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Comparing Small Business Insurance Quotes

small business insurance quotes

Do small businesses need insurance? This is a very common question that many people have. And the simple answer is yes! You need insurance for your small business, but you can’t just select the cheapest policy you find. In fact, there’s a lot to consider, such as your limits, exclusions, and risks. To find the best policy that meets your business’s insurance needs, you must compare all your quotes.

In this article, we’ll discuss the process of selecting the best small business insurance and how to compare quotes. Let’s begin.

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Car Maintenance Tips to Avoid Costly Repairs

car maintenance tips

There’s no denying that keeping up with your car’s maintenance can be a real pain. For example, between every 5,000 to 7,500 miles you have to get your oil changed and tires rotated. As every car owner can agree, this can be quite annoying. However, keeping your car in good condition is well worth it in the long run.

In fact, taking care of your car can help make it last a lot longer. It’ll also cost you less since you aren’t having to make major repairs all the time. You may even get better rates on your auto insurance since you’ll be less likely to file a claim.

Would you rather cover costly repairs because you neglected your car’s maintenance or pay a little bit over time to prevent problems from occurring? I’m sure you’d choose the second option!

In this article, we’re discussing some car maintenance tips that’ll extend the life of your vehicle and help you avoid costly repairs. Let’s begin.

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What to Do When Your Car Insurance Lapses

car insurance lapses

Car insurance can save you a fortune in the event of an unwanted incident. Thus, when you purchase a new car, make sure you get it insured by a reliable company. If by chance you forget to pay your bill and your car insurance lapses, you should take immediate action. Most companies allow you a 10 to 20 day grace period to pay before they cancel your policy. If you still neglect to pay your premium then your insurance will lapse which can hurt you in the long run. Oftentimes your rates will increase and insurers will deem you high-risk or even refuse to insure you. That’s why you should always pay your car insurance premiums on time.

Driving without the minimum required insurance has numerous consequences such as license suspension, fines, and tickets. The penalty for an insurance lapse depends on your state. Thus, it’s best to keep track of your car insurance bills to avoid a lapse in coverage.

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Avoiding Common Business Insurance Mistakes

business insurance mistakes

Many things go into a business owner’s success, including intense labor, countless hours, lots of money, and attentiveness. Success isn’t overnight; therefore, it takes a lot of hard work and dedication to grow your business and generate a substantial profit.

Although most business owners grasp this concept pretty well, they often overlook a basic business component. Adequate and appropriate business insurance is necessary to secure the long-term viability of your business.

Business insurance will protect your business against losses, so make sure you invest wisely. However, buying business insurance can be difficult and confusing as you must consider numerous factors.

Not to forget, choosing the wrong policy can negatively impact the growth and success of your business. You can easily use some guidance to avoid some common yet potentially detrimental mistakes while buying business insurance.

In this article, we’ll discuss some common business insurance mistakes and how you can avoid them.

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The Benefits of Life Insurance

benefits of life insurance

Life insurance is always a sound investment, especially when considering the well-being of your family. But even if it is a wise investment to make, it is usually very difficult to think about. No one likes to think about leaving their family behind, but it is something you need to plan for.

In this article, we’ll discuss the benefits of life insurance and how often you should look over and update your policy.

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Pest Control Tips for Your Home

pest control tips

Discovering a bug in your home is enough to give you an unsettling feeling. Not only can pests damage your home, but they can also spread diseases.

Although there’s no way to completely eliminate pests for good, there are ways to ward them off and lessen the chances of them entering your home.

In this article, we’re going to discuss some common bug attractors and our top pest control tips. Let’s begin.

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Tips for Running a Small Business

running a small business

According to research done by the U.S. Bureau of Labor Statistics, up to 20% of small businesses fail within their first year.

It can occur for various reasons, such as too much competition, poor customer service, or not enough marketing.

Therefore, if you open a small business there will be a lot of risks. To mitigate those risks you need to be prepared.

Here are four tips for running a successful and profitable small business.

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