Insurtec, Incorporated

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What liability limits do you recommend? There are a few things you should consider when deciding what limit of liability you should carry. First, if you rent your space, check your lease. There may be stipulations in it that require you to carry a certain amount of liability. Second, talk with other business owners to get a feel for what limit may be best suited for your situation. Finally, examine your own personal wealth and determine the risk level that you are most comfortable with. Remember, if there were to be a claim against your business, your own personal assets could be accessed.

Liability insurance protects you against a claim of a customer that may arise because the customer sustains injury because of your neglect or error; or from a product that you sell. Liability insurance pays for claim investigation, your legal defense, and the amount of damages you are directed to pay an injured person by a civil court for a claim against you that is covered under the terms of your policy. The policy will also pay for damage for which you are legally liable, that you cause to the property of another person.

This coverage protects you from claims against you by a non-employee member of the public as a result of injury they may sustain because of a defective condition of the premises you own or occupy. An example might be a wet floor that causes a slip or fall. Products Liability and Completed Operations Insurance This coverage protects you from claims against you by a non-employee member of the public as a result of injury they may sustain because of a defective, toxic or hazardous character of a product you sell, such as lotions.

Here are some common definitions that may help you understand your insurance needs: Business Personal Property Replacement cost on equipment, inventory, fixtures and your building improvements - $500 standard deductible - 90% co-insurance. Cancellation The termination of a policy before the expiration date. Deductible The specified amount of each loss that the insured must bear. Discounts Insurtec offers substantial discounts that will lower your premium. Please give us a call to discuss the possibilities.

Insurtec offers a full range of coverage for your tanning related services. Whether you manage one bed or 100, we have a program that will fit your image. We provide optional coverage on virtually any personal service and some of the lowest rates in the industry.

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