Thinking of purchasing commercial insurance for your company or employees? Whether it's group medical insurance, group travel insurance, group personal accident insurance, group life insurance plans, fire insurance for the company, public general liability insurance, commercial vehicle insurance, trade credit insurance, or labor insurance, they all provide protection for employees and the company. Overwhelmed by the variety of commercial insurance options and their complex terms? Instead of buying commercial insurance on your own, consider seeking assistance from a professional commercial insurance company to tailor a plan that fits your needs and budget.
Commercial insurance company recommendations:
There are numerous commercial insurance plans on the market, but with the vast types of commercial insurance available, which ones does your company need? Which commercial insurance is the best? On Toby, there are many commercially insured companies and brokers that have undergone real-name verification and professional review. They have professional experience in handling commercial insurance. Answer a few questions right away, post your requirements for commercial insurance, and get instant quotes from several insurance Ccompanies/brokers.
How about Commercial Insurance Costs?
Absolutely no intermediary fees, Toby offers free recommendations of several professionally certified commercial insurance brokers for you to compare, saving you 99% of your time! The insurance brokers on the Toby platform have undergone real-name verification and professional review. They have professional knowledge and rich experience, have enthusiasm and a sense of responsibility in the insurance industry, and have a sincere attitude. You can definitely hire them with peace of mind.
What types of commercial insurance are there?
There are numerous types of commercial insurance. Common commercial insurance includes: group medical insurance, group travel insurance, group personal accident insurance, group life insurance plans, company fire insurance, public general liability insurance, commercial vehicle insurance, trade credit insurance, business interruption insurance, crime insurance, and cyber security insurance."
"What is the purpose of buying commercial insurance?
Purchasing commercial insurance is to protect the company from losses that may arise in various situations, such as property losses due to fires or property damages. According to Hong Kong laws, companies are also required to purchase commercial insurance for their employees, including workers' compensation insurance, commercial vehicle insurance, and sometimes third-party liability insurance. In addition, certain commercial insurances are also considered as a form of company benefits, such as group medical insurance, group travel insurance, and group life insurance plans. These are benefits for the employees and are factors that employees consider when deciding whether to work for a company. At the same time, they also ensure that employees can work in a protected and healthy environment. Therefore, buying commercial insurance not only protects the company and its employees but is also a form of company benefits.
How to find the right commercial insurance?
If you want to find commercial insurance suitable for your company, you first need to conduct a thorough risk assessment of your company. It's advisable to seek assistance from a professional commercial insurance company or broker. They have expertise in risk assessment and can provide the most professional insurance recommendations for your company, as well as information on insurance costs, insurance terms, types of insurance, and more. Simply answer a few questions on Toby, post your requirements for commercial insurance, and immediately receive contacts from multiple commercial insurance companies and brokers.
What factors influence the cost of commercial insurance?
1.Type of business: If the risk associated with your company's industry or operations is higher, the premium for commercial insurance will be higher. For example, the accident liability insurance costs for construction site workers are usually higher.
2.Size of the business: If your company is larger in scale, the commercial insurance premium will be more expensive due to the larger number of insured individuals.
3.Claim history of the business: When purchasing commercial insurance, insurance companies will evaluate your past claim records. If you have made claims in the past, the insurance company may consider your company to be high risk, and therefore, your commercial insurance premium may be higher.
Do I still need to purchase commercial insurance if I am a small business?
In fact, whether it's a large corporation or a small company, there is a need to purchase commercial insurance. No matter the size of the enterprise, all operations involve risks. In reality, the operations of a small company might be more unstable compared to a large corporation, and a small business might find it difficult to bear the loss brought about by unforeseen events. Therefore, it's just as crucial for small businesses to purchase commercial insurance. The commercial insurance typically acquired by small and medium-sized enterprises includes: commercial property insurance, liability insurance, and business interruption insurance.
What are the advantages of purchasing commercial insurance through a broker or a commercial insurance company?
Compared to buying online on your own, purchasing through a commercial insurance company or broker allows for a more thorough risk assessment for your business. They can also provide tailored commercial insurance recommendations for your company, crafting the most suitable commercial insurance plan for you. Most importantly, this approach avoids the situation of having orphaned policies, ensuring that there's a dedicated person to constantly follow up on your policy. In the event of emergencies or when there's a need to make a claim, they can handle it promptly.