A commercial general liability insurance plays a crucial role in covering property or bodily damages related claims. If you are interested in buying commercial general liability insurance policy, the following steps will help you in buying the policy –
- Define your requirements
As commercial general liability insurance policy plays an imperative role, it is essential to define the right coverage for yourself, i.e., how much coverage you should buy. To arrive at the sum insured, you can consider your contractual obligations in order to decide the minimum level of cover which you should have. Further, make sure that your sum insured is sufficient enough to help you cover the third-party liability which can arise against you.
- Choose the channel to buy insurance
Once you have decided how much coverage you want, the next is to choose the mode of buying the insurance. If you have decided from whom you want to buy commercial general liability insurance, you can directly approach that insurer. Some of the insurance companies allow you to buy the policy online as well. As every insurer has its toll-free number, you can call there and place your request for purchasing the insurance policy.
Considering the intricacies involved in the commercial insurance segment, you can purchase commercial general liability insurance policy from corporate insurance advisors like SecureNow as well. The advantage of approaching the insurance advisor is not just limited to technical knowledge, but they can also help in customising the policy as per individual requirements.
Further, SecureNow can also help you in deciding the sum insured, if you haven’t done so.
As you can purchase insurance online as well, you would only need to enter basic details about your requirement and SecureNow would generate policy quotes for you which you can compare to find the right policy as per your requirements. The insurance quotes will be an estimate of how much total insurance coverage you are looking for and how much it will cost you. If you want to customise your policy with riders, you would have to pay extra, and your policy quote will reflect those prices as well.
Corporate insurance advisors will not only help you at the time of purchasing the insurance policy but also at the time of claim settlement. In case any claim arises, you would only need to inform the advisor who would inform the insurer and take care of other things.
- Fill policy application form
Once you’ve reviewed your policy quotes, it’s time to complete your policy application form. Here, corporate insurance advisors can assist you in filling the policy application form.
- Sign and pay the premium
Your duly filled insurance form would be sent to the insurer for approval, and once it gets approved, you would have to pay the premium.
Since 2000, K.S Clothing is recognised as a leading name in the market. A few years ago, the company decided to buy a commercial general liability insurance policy to get coverage against bodily injury and third-party damage. Instead of approaching the insurer directly, the company took the help of SecureNow, a leading corporate insurance advisor.
Here, K.S Clothing visited the official website of SecureNow and entered some basic details about its requirements. SecureNow has a team of experts who thoroughly reviewed the requirements of K.S Clothing and generated policy quotes for the company. Here, the clothing company compared those policy quotes and selected one insurer.
As K.S Clothing wanted to customise its commercial general liability insurance policy to cover part-time workers as well, SecureNow helped in customising the policy. Once K.S Clothing selected one insurer, SecureNow asked it to fill the policy application form with complete details about its business operations.
K.S Clothing duly filled and submitted the policy application form with SecureNow who later submitted it to the insurer. Once the policy application was accepted by the insurer, K.S Clothing paid a premium and the risk held letter was issued within 48 hours.