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Insurance comes with a myriad of benefits in terms of protecting you from losses arising from certain risks. In Centennial, CO, if you are starting a business or own one, getting a commercial liability insurance, also known as general liability insurance or commercial general liability insurance is a wise investment. This type of insurance will protect your business assets as well as pay for a range of liabilities.

Here are some key facts about this insurance that you should know about.

Need For A Commercial Liability Insurance
It is not mandatory for you to obtain a commercial liability insurance for your business in Centennial, CO. However, even if you believe you are unlikely to face any claims, the litigious environment in which businesses operate make it necessary to obtain this insurance.

Purchasing The Commercial Liability Insurance
The typical way to obtain your commercial liability insurance in Centennial, CO is to purchase it on its own. However, you can also have it included as part of your business owner’s policy. This combines both property insurance and the commercial liability insurance into a single policy. However, it is important to find out the limit of the commercial liability coverage in the business owner’s policy. With the two insurance covers bundled together, the limit for the liability insurance may be quite low, which means you will have to consider additional coverage through a different policy.

Assessment Of Coverage Needs And Premium Costs
Your type of business will determine how much cover you need it terms of its associated risks. Your insurance premiums will also be based on factors such as the type of products or services you provide and the history of your claims.

For more information on commercial liability insurance in Centennial, CO, visit Compass Insurance.

Buying a home for the first time is very exciting, but it can also be very stressful.

Unfortunately, you’re not done making decisions after you’ve closed with the seller on the purchase of the property. You still have a lot of important decisions to make, like what home insurance policy you’re going to buy.

The following are five mistakes it’s important to avoid when you’re buying home insurance for the first time:

Buying the least expensive policy available. As with anything, with home insurance you get what you pay for. A cheaper policy most likely doesn’t offer adequate coverage.
Failing to put some thought into the unique risks of your particular home. You need to put careful thought into risks your home faces such as flood damage, theft, hurricane damage, and any other issues due to climate or location.
Not first looking into a bundled policy with your auto insurance provider or a provider of another type of insurance you already have. A lot of insurance providers offer considerable discounts when you bundle policies. Check with your auto insurance or business insurance provider to see if they can give you a good deal through bundling policies.
Not discussing your need for home insurance with your real estate agent. The real estate agent you work with when buying the home could be a great source of information on finding the right insurance policy.
Neglecting to do the math when it comes to your coverage limits. Pay attention to coverage limits. They should be enough to compensate you for your personal property in the event of a total loss.

Are you looking for home insurance in Centennial, CO? Call Compass Insurance to learn about the different policies available to you.