Do You Have the Right Business Insurance?
Automatic Merchandiser › Vol. 48 Nbr. 8, August 2006
Linked as:
Summary
Once you have set all of your coverages, how will the carrier set your premium? The premium is derived by multiplying your payroll (divided by 100) times your "rate." But, "rate" means different things to different people because there are so many types. There is a final "rate" per $100 of payroll you use to calculate your premium, but there are also other rates. These include:
See the full content of this document
Extract
Do You Have the Right Business Insurance?
Whether you are a seasoned operator or new to vending, the vending business carries a certain amount of liability that operators need to protect themselves against. Operators can be properly insured without overspending if they are reasonably informed about what coverages they need.
First and foremost, operators must realize that they cannot depend on personal auto and homeowner's insurance for their business needs. An operator who assumes this is leaving himself open to a major loss. Operators will need to consult with an insurance professional in determining the amo...See the full content of this document
Sponsored links
