Desmond Insurance
  • Home
  • Quotes
    • Auto and Recreational Vehicles >
      • Auto Insurance Quote
      • ATV Insurance Quote
      • Classic Car Insurance Quote
      • Motorcycle Quote
      • RV Insurance Quote
    • Business >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Group Benefits Insurance Quote
      • Insurance Bond Quote
      • Workers Compensation Quote
    • Health >
      • Health Insurance Quote
      • Disability Insurance Quote
      • Critical Illness Insurance Quote
      • Dental Insurance Quote
      • Long Term Care Insurance Quote
      • Vision Insurance Quote
    • Life & Financial >
      • Life Insurance Quote
      • Life Insurance Review
      • Life Insurance Calculator
      • Annuity Quotes
      • Final Expense Insurance Quote
    • Medicare >
      • Medicare Insurance Options Information Request
    • Pet >
      • Pet Insurance Quote
    • Property >
      • Home Insurance Quote
      • Earthquake Insurance Quote
      • Flood Insurance Quote
      • Landlords Insurance Quote
      • Renters Insurance Quote
    • Other
  • Services
    • Business Insurance Renewal
    • Certificate of Insurance
    • Free Consultation
    • Make a Payment
    • Policy Changes
    • Proof of Insurance
    • Report a Claim
    • Update Contact Info
  • Insurance
    • Auto and Recreational Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Boat Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • RV Insurance
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Group Benefits
      • Insurance Bonds
      • Workers Compensation
    • Health >
      • Health Insurance
      • Critical Illness Insurance
      • Dental Insurance
      • Long Term Care Insurance
      • Vision Insurance
    • Life & Financial >
      • Life Insurance
      • Annuities
      • Disability Insurance
      • Final Expense Insurance
      • Financial Planning
      • Umbrella Insurance
    • Medicare >
      • Medicare Supplement Coverage
    • Pet >
      • Pet Insurance
    • Property >
      • Home Insurance
      • Earthquake Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Other >
      • Event Insurance
      • Wedding Insurance
  • Referrals
    • C4C Referral Program >
      • 2023
      • 2022
      • 2021
      • 2020
      • 2019
      • 2018
      • 2017
    • About C4C
  • About
    • Staff Directory
    • Client Testimonials
    • Insurance Carriers
    • Agency Photo Gallery
    • Newsletter Signup
    • Privacy Policy
  • News
    • Blog
  • Contact
  • Home
  • Quotes
    • Auto and Recreational Vehicles >
      • Auto Insurance Quote
      • ATV Insurance Quote
      • Classic Car Insurance Quote
      • Motorcycle Quote
      • RV Insurance Quote
    • Business >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Group Benefits Insurance Quote
      • Insurance Bond Quote
      • Workers Compensation Quote
    • Health >
      • Health Insurance Quote
      • Disability Insurance Quote
      • Critical Illness Insurance Quote
      • Dental Insurance Quote
      • Long Term Care Insurance Quote
      • Vision Insurance Quote
    • Life & Financial >
      • Life Insurance Quote
      • Life Insurance Review
      • Life Insurance Calculator
      • Annuity Quotes
      • Final Expense Insurance Quote
    • Medicare >
      • Medicare Insurance Options Information Request
    • Pet >
      • Pet Insurance Quote
    • Property >
      • Home Insurance Quote
      • Earthquake Insurance Quote
      • Flood Insurance Quote
      • Landlords Insurance Quote
      • Renters Insurance Quote
    • Other
  • Services
    • Business Insurance Renewal
    • Certificate of Insurance
    • Free Consultation
    • Make a Payment
    • Policy Changes
    • Proof of Insurance
    • Report a Claim
    • Update Contact Info
  • Insurance
    • Auto and Recreational Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Boat Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • RV Insurance
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Group Benefits
      • Insurance Bonds
      • Workers Compensation
    • Health >
      • Health Insurance
      • Critical Illness Insurance
      • Dental Insurance
      • Long Term Care Insurance
      • Vision Insurance
    • Life & Financial >
      • Life Insurance
      • Annuities
      • Disability Insurance
      • Final Expense Insurance
      • Financial Planning
      • Umbrella Insurance
    • Medicare >
      • Medicare Supplement Coverage
    • Pet >
      • Pet Insurance
    • Property >
      • Home Insurance
      • Earthquake Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Other >
      • Event Insurance
      • Wedding Insurance
  • Referrals
    • C4C Referral Program >
      • 2023
      • 2022
      • 2021
      • 2020
      • 2019
      • 2018
      • 2017
    • About C4C
  • About
    • Staff Directory
    • Client Testimonials
    • Insurance Carriers
    • Agency Photo Gallery
    • Newsletter Signup
    • Privacy Policy
  • News
    • Blog
  • Contact

Desmond Insurance Blog

RSS Feed

5 Things to Remember When Purchasing Commercial Insurance

11/25/2019

1 Comment

 
Picture
​You need commercial insurance for your commercial property in case a catastrophic event occurs on your property. Commercial property insurance is very important in case there's a great fire that consumed the buildings on your property or partly destroyed your hotel or restaurant facilities. When you have a commercial property, and you're buying commercial property insurance for the first time, remember these things.
Always Compare Quotes
Never go with the first quote you see only because it looks inviting or affordable. While you can get possibly sidetracked by the first commercial property insurance offered to you, there's plenty of room for better choices. Low-priced quotes may not provide you adequate coverage, or some insurance firms may be more reputable. Do your research, then aim for a list of more adequate options.

Know the Technical Terms
Master the definitions of a few key terms when it comes to insurance terminology. Ask the insurance agent to brief you on how you can use the coverage in case a real accident happens. Know the difference between excess, deductibles, premiums, and many other terms. Brushing up on insurance lingo will make your claims easier if you have to make some in the future.

Beware of Unexpected Costs
Some insurers will not tell you all the costs up front. In fact, you might actually have a high-deductible insurance plan without knowing it! It means that before they issue a payout, you'll need to spend something like $200,000 first directly from your pocket. If you can't afford to spend that amount of money from your pocket, then you can't legally make a claim. Make sure you can afford your deductibles or at least you can ask your insurer about it.

Understand Tax Implications
Insurance is basically tax deductible, and you can save a large amount of money on your taxes with it. When you're making plans for your hotel or restaurant's financial models, make sure you consider the insurance costs as a write-off. However, you should weigh the benefits of getting significant coverage, especially if your only purpose is to pay less tax.

Consider Purchasing an Insurance Bundle
Commercial insurance for your hotel or restaurant business may exist in a bundle of business insurance protections such as flood insurance, fire insurance, tornado insurance, and many others. Although you can purchase these individually, you can save on the premium if you are buying an insurance bundle. Thus, if you think your business will need such protections, then it would be wise to go for a bundle. However, make sure to think it over first, or you'll end up paying more for the protection you might not need.

Some Final Words
Protecting your hotel or restaurant business from natural or man-made disasters is a wise move. However, you need to determine the right insurance policy that will provide you with adequate coverage. You should also make sure that you're paying less for more benefits as much as possible. The most important thing is that you don’t wait until your business goes up in smoke before you insure it.

At Desmond Insurance, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (859) 491-5100. Get your free quote today by CLICKING HERE.
1 Comment
Mia Evans link
5/30/2022 08:44:21 pm

I like that you pointed out that comparing commercial property insurance coverages would be the best thing to do to ensure that you always find the better option as well as finding a reputable firm as well. I can imagine how important it would be to land on the best company, so the owner of the business will have peace of mind regarding the help they would need in the future. They can have the confidence that any damages they will have, especially unexpected ones, would be covered and will not affect their funds.

Reply



Leave a Reply.

    Contact Us

    (859) 491-5100​
    217 Fairfield Ave
    Bellevue, KY 41073​
    Click Here to Email Us

    Archives

    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2017
    October 2017

    Categories

    All
    Auto Insurance
    Business Insurance
    Business Owner's Package (BOP) Insurance
    ​Commercial Package Policy
    ​Commercial Package Policy
    FAQs
    Financial
    General Liability Insurance
    Home Insurance
    Insurance
    Local
    Safety
    Workers Compensation

    RSS Feed

Navigation

Homepage
Insurance Quotes
Policy Service
Insurance Products
Contact Us
Agent Login
Privacy Policy

Connect With Us

Share This Page

Contact Us

Desmond Insurance
217 Fairfield Ave
Bellevue, KY 41073
(859) 491-5100​
Click Here to Email Us
Review Us

Location

Website by InsuranceSplash