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| Shop Around for the Best Rates on Personal Services Insurance |
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When you spend your days reorganizing customers' closets or taking dogs out for long walks, it can be all too easy to forget about your own business' needs or to put off taking care of them. If one of the tasks that you've neglected is reviewing your personal services insurance coverages, now is a good time to take another look at your policies. To get the best rates and the best coverages on personal service business insurance, shop around and compare policies and premiums from different insurers. Saving Money on Your Personal Services Insurance If you have a home office and store business equipment in your home, your homeowner's policy won't cover that equipment, so you'll need to explore your options. They could include a home office rider on your homeowner's policy, a special home office policy offered by some insurance companies, or separate business property insurance. An experienced business insurance agent should be able to offer suggestions on the best approach for your personal service business insurance. Your personal services insurance should include coverages for any vehicles that you use in your business. This is another case in which you must clarify with an insurance agent if you need to buy additional insurance. If you use your car to run errands all day or to chauffeur a client's children to various activities, your personal automobile policy probably will not cover you if you're involved in an accident. You'll want to purchase commercial vehicle coverage—both liability and collision—to include in your personal services insurance portfolio. One other essential part of your personal service business insurance is liability coverage. This coverage will pay for medical and/or legal expenses if something that you do or neglect to do while performing personal services results in someone being injured or property being damaged. The Best Way to Shop for Personal Services Insurance |
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