Learn at Meschter Insurance

Insurance prices go in cycles, just like stock prices do. In a hard market, demand for insurance is high and supply is low. Companies can be choosy about whom they want to insure, and they can charge more for it. In a soft market, consumers get better coverage at cheaper rates, and companies are forced to insure risks that they would otherwise want to avoid.

Insurance companies require you to insure your buildings to the amount that it would cost to replace the building, if it were to burn down. Normally this amount seems much higher than you would expect. Often much higher than the market value of the building. This article explains why.

 

The Limited Liability Company or "LLC" has become the business form of choice for a wide variety of business activities. Entities ranging from a landscaping business with a dozen members to a single executive looking to set up as a consultancy within his industry are often advised to form LLC’s. And for good reason. This form of business organization affords significant protection to a member’s personal assets with a minimum of complicated tax reporting and administrative hassle.

If you own a restaurant, you know that every year, you have to fill out an audit for the Insurance company. These audits confirm what your gross sales and payroll were for the year were. Although audits are a pain, you need to get them right, or you will pay too much for your insurance. Below are some common mistakes.