~Commercial Insurance Brokers~

~Commercial Insurance Brokers~ ~Commercial Insurance Brokers~ working for professional companies can provide you with very specialized and customized services as required by large companies and corporations. Commercial insurance brokers will shop around to find the most suitable insurance policies with low premium rates.

The insurance brokers will know of how different companies calculate and evaluate the credit score and set premium rates.

They will effectively identify risks and negotiate with various insurance companies to get you the best deals and discounts. Global risk management and insurance brokerages have a global distribution network which they use to place your insurance risk with the best possible insurance provider.
The broker will also be aware of the special discounts and exceptions offered by these companies. Brokers search through a large number of different insurance databases to find you the best price. As a result you get the best deal without having to spend hours searching for quotes; you receive quotes and advice and are not pressured to buy. Your agent will prepare reports, maintain records and in case you suffer a loss, help you settle your insurance claims. Some brokers also offer financial analysis or advice about how to minimize risk. 

A commercial broker is able to negotiate low-cost deals for extras like add-on legal cover or breakdown cover. As a result, you can add these to your policy for a fraction of the price. Commercial insurance brokers will tell you when you need to update your policy and provide you with prompt and personal service. Your broker will also guide you through any claims process to ensure that you are treated fairly by the insurance company. ~General Insurance Brokers~
Here are a few examples of the types of insurance that commercial insurance brokers can arrange for you :
~Liability Insurance ~: provides coverage in case someone sues you for causing them unintentional injury . Liability insurance will cover your attorney fees and pay the settlement amount when a verdict is reached.
General insurance is made up of two main groups: personal lines and commercial lines. Commercial lines insurance provides coverage for commercial autos, farms, commercial credit, aviation, marine/ocean/inland, workers’ compensation, public liability (which includes environmental pollution), surety, nuclear, surplus and excess lines insurance, title insurance, machinery and boiler insurance, glass insurance, commercial multiple line, product liability and professional liability.
Buying commercial lines insurance is a must since some of the major risks that businesses and corporations face include litigation, destruction of the premises and the death of employees (due to fire or natural disaster) and the loss of equipment or money. Professional Indemnity Insurance : provides coverage in case of negligence claims against professional practitioners such as lawyers, dentists, doctors, accountants and architects. Another form of professional indemnity insurance called errors and omissions insurance is most commonly purchased by non licensed professionals such as artists or graphic designers.
Directors and Officers Liability Insurance~ : protects companies, mostly corporations, for legal claims arising because of the negligence and errors made by this company’s directors and officers.
Crop Insurance ~: provides coverage for crop loss or damage caused by frost damage, insects, disease, bad weather, hail or drought.
Crime Insurance ~: provides coverage in case you suffer losses due to theft or embezzlement committed by a third party.
Aviation Insurance ~: protects against risks associated with hull, hull war, liability, spares and deductibles.
Terrorism Insurance ~: provides for losses arising as a result of terrorist activities.

Workers' Compensation Insurance : helps workers when they suffer from a job related injury by paying all or part of the wages they lose and the medical expenses they incur.
Boiler Insurance : provides coverage to factories and construction in case of accidental physical damage to equipment or machinery
Builder's Risk Insurance : provides coverage in case of physical loss or damage to property during construction.
Political Risk Insurance ~: provides coverage to businesses that suffer a loss because of the political conditions of the country in which they are operating.
Environmental Liability Insurance~ : protects industries and companies in case of leakage or release of pollutants which results in property damage, injury and clean up costs.
Title Insurance~ : ensures that the person who bought the property or is paying the mortgage will retain the title to the property, free of any encumbrances such as liens.
Risk Management And Insurance Brokerage

When you have a business you face many risks and you need to protect yourself by identifying those risks and figuring out what insurance policies will protect you from possible losses. Risk management involves measuring risk and developing strategies to deal with the risk.

You can manage risk by transferring it to another party (e.g. by buying an insurance policy you transfer the risk to the insurance company), reducing the negative impact of the risk or taking steps to avoid the risk.