Smart Tips for Selecting Commercial Insurance Coverage

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Most Parma, OH business owners know they need commercial insurance to protect their budding enterprise. Many, however, need help in selecting the policy their company needs. If you fall into this category, talk to an agent from Capretta Insurance Agency. We’ll explain your policy options, answer your questions concerning coverage and help you determine the protection best suited to your company’s needs. The following tips can help you make wise choices when selecting a commercial policy.

Determine your Business Risks So You Can Choose Coverage Accordingly

The first step to choosing commercial coverage is assessing the risks your company faces for financial loss, considering its location, industry, and makeup. Then choose the coverage that protects you against these risks so you can recuperate your losses.

Standard commercial policies in Ohio offer property and general liability coverage, which most small businesses need. From there, you can customize your policy by adding cyber liability, product liability, business interruption, workers comp, or commercial auto coverage, depending on the protection your company needs.

Compare Commercial Policies

Next, you’ll want to compare what various insurers have to offer before committing to a policy. You’ll want to review the coverage offered by each policy, study how companies handle claims, and compare premium prices. It would be best if you had the option of tailoring your coverage to meet your company’s specific needs, as this maximizes your protection and reduces premium costs.

Work with a Reputable Insurer

Working with a reputable insurer is key to receiving quality coverage at reasonable costs. You’ll also have fewer problems when it comes to claiming your commercial policy. At Capretta Insurance Agency, we work closely with businesses in our local community to ensure accurate commercial coverage to protect their business interests. Call or visit us in Parma, OH today for all your commercial insurance needs.

5 Home Insurance Facts Every Homeowner Should Know

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Before purchasing insurance protection for your Parma, OH home, take time to learn the facts about coverage, deductibles, and premium costs. This knowledge will enable you to make good insurance decisions. The following home insurance facts compiled by Capretta Insurance Agency give you a better idea of how home coverage works to protect your property.

  • Fact #1 – Standard home insurance policies offer basic protection in the form of dwelling, property, and liability coverage. Dwelling coverage protects your home structure. Property coverage protects your belongings. Liability coverage would protect your financial assets from lawsuits if someone were to have an accident on your property. 
  • Fact #2 – Most policies offer protection against theft, vandalism, fire, and natural disasters like tornadoes, rainstorms, lightning strikes, and winter storms. Home insurance doesn’t, however, cover flood damage. For protection against the risk of floods, you’ll need to purchase a separate flood insurance policy.
  • Fact #3 – Home insurance can be customized to suit your individual need. You can select the type and amount of coverage you want to protect your home and valuables. Your dwelling coverage should be enough to rebuild your Ohio home if it’s destroyed by fire or natural disaster. Property coverage should match the value of your belongings to protect these items fully. 
  • Fact #4 – When insuring your goods, you can choose between actual cash value or replacement cost coverage. Actual cash value reimburses you for the cost of damaged goods after taking off for depreciation. In contrast, replacement cost coverage replaces your goods outright at today’s costs. In both cases, you’ll have to meet your deductible first.
  • Fact #5 – Home insurance is the most practical, affordable means of protecting your home and belongings. 

To purchase your home policy, contact Capretta Insurance Agency in Parma, OH today.