Skip Protection
2012
General Liability Insurance
Typically, as the purchaser of a commercial general liability insurance policy, you anticipate that you will never have occasion to make a claim on your commercial insurance policy. However, the likelihood is that there will be at least one instance in which a claim must be submitted. Although the method of submitting a claim may vary from carrier to carrier, the easiest method of submitting a claim is usually to contact your insurance agent.
Many businesses create their commercial insurance policies through an agent. Although, with the rise of the internet you can easily decide to skip the agents altogether. Insurance companies that are dependable, and respected allow you to obtain the commercial liability insurance you want off from their website. If you policy needs it; an agent is assigned to follow through on your application.
Insurance is a complex industry and it is therefore advantageous to have a commercial insurance expert on hand whom you can consult with. Typically an agent is licensed by the state and has a contract with one or more insurance companies, giving him/her in-depth market knowledge that you’re unlikely to acquire even after substantial research. The bonus is since an agent is paid by the insurance providers he represents, it doesn’t cost you anything to make use of this knowledge.
When you need to report a business liability claim you could go to your provider’s claims department, or use their website. This is a difficult and often confusing process. Submitting the average general commercial liability claim easily takes hours. It is particularly worse if your policy is not easily accessible.
In addition to supplying your policy number, deductible amount, occurrence limits and extended coverage, if any, you will also again have to provide much of the information you previously supplied at the time you applied for the policy, such as your company address, phone number, etc. Needless to say, your agent can assist you by shortcutting this procedure substantially.
Although your agent will have access to your policy number, its limits of liability and its deductibles, he will still need to ask you factual questions about the specific loss in question. However, since the agent will have an understanding of your business, even those questions will be shorter and more to the point. In fact, a professional agent with established insurance company relationships will likely be an invaluable partner for you to contact for assistance for many years to come.
It is important to note that agents are responsible for steering policy holders through the claims process and doesn’t represent the actual company when it’s time for the company to pay. For this, a claims adjuster will be assigned to your case. Generally, a claims adjuster investigates a business liability claim to determine whether the policy covers the loss and also to what extent. Further he authorizes any applicable payments. Depending on situation to situation, a case maybe either be quickly dealt with or it could take a rather long time. In the case of general commercial liability insurance claims, the individual who is allegedly injured may decide to take the issue to court and thus the adjuster will have to work with attorneys and witnesses. During this time, your agent will always be on hand to explain the situation.
Magnavox Portable CD Player Electronic Skip Protection Commercial (1996)
