How does business insurance work in a lawsuit?

November 23rd, 2009
ZeeZee asked:


As a small business, I’m finally getting around to looking at business insurance. God forbid I should get sued, but that would be the only reason I would get insurance at this point.

If I get sued (assuming I did nothing wrong that would terminate coverage), what are my responsibilities with regard to paying legal fees? What role will the insurance company play or what control will they have in the litigation process?

how can i claim from my small business insurance or life insurance? i recently had an incident outside?

November 23rd, 2009
Raj asked:


infront of my house, intruder attempted to stab me. i have personal injuries. doctor recommended rest atleast 6 mos.

i have both small business insurance and life insurance thru travelers and prudential.

plz advice where can i claim from?

How much would insurance for running a business cost?

November 21st, 2009
Shawn778 asked:


I was writing out a business plan for a carpet cleaning business and I’m trying to understand how much an insurance expense would cost. I don’t have any idea. Could anyone give me an idea, and is there a way to roughly figure out what a businesses insurance expenses would cost for anything like a computer recycling company or running a bar? Any help would be greatly appreciated.

I need business Insurance for a small business selling desserts?

November 21st, 2009
MerryBerry asked:


I am having trouble finding companies online. Can you please provide me with some good companies that provide insurance for my type of business? Phone numbers, websites etc.
Thanks!

How can you get an Insurance Business started in this economical disaster?

November 21st, 2009
Kerrie Borboa asked:


Is everyone becoming an Insurance Agent now or are we the only ones left standing because of the industry that we are in? Not sure but Los Angeles, Ca is completely saturated with them and it’s making it extremely hard to build my book of business out here! Any good unique marketing tips?

What is the price range for small business insurance packages?

November 21st, 2009
Sheepish486 asked:


I have a question for my personal finance class that asks:
Search the internet and name your sources for a small business insurance package. Identify basic areas of risk that they cover. How much would such a package cost?
I’ve found the basic areas of risk covered, however i can’t find price ranges anywhere and all the offices are closed when i call, except for one that said they can’t do it over the phone…

What’s cheaper- business insurance based on sales or payroll?

November 20th, 2009
eryka asked:


I have 2 quotes for business insurance. One is based on payroll and one is based on sales. Comparitively, our payroll will increase more than our total sales will. The payroll quote is through an admitted carrier, while the sales quote is through a non-admitted, but A rated carrier. How do I decide which will be the cheaper one at the end of the year?

Can you create a slogan for my new insurance business?

November 20th, 2009
Linda G asked:


I am self starting an insurance business and would like the opportunity to give people a second quote on what they already have. Can you create a slogan?

I currently contemplating starting an auto insurance business in Maryland. What is involved?

November 20th, 2009
MDman21009 asked:


I don’t currently have any experience in the insurance business, I am currently in a sales position though. Would it be better to invest in a franchise or be an independent broker?

Is having a business selling insurance a good way to make lots of money?

November 20th, 2009
ohioan_femme asked:


Is someone who owns a personal business of selling all sorts of insurance to 19 different companies and into buying and selling stocks making good money? I don’t know how much money you can make selling insurance to different companies. The person has been doing this for 19 years and he said it’s been a good year so far. What is a good year for this kind of business?