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Readers Ask ... Insurance

Posted: December 30, 2011, from the January 2012 issue of Skin Inc. magazine.

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“Information comparing the benefits and costs of insurance programs is generally available online. Look for companies that have a lot of experience in the field, and include professional, general and product liability as part of their programs. Bonus coverage—such as lost or stolen equipment and identity theft at no additional cost, plus ancillary benefits, such as a free business website and free newsletter—can make the program that much more attractive. Only do business with companies with strong financial ratings from A.M. Best Company (A or better), Standard & Poor’s (A+ or better) and Fitch Ratings (A+ or better).”

—Joe Fagan, Director of Institutional Marketing & Sales, Insurance Plus+

“There are three major types of insurance required to properly protect your business investment—professional liability, premises/product liability and business property coverage. Insurance coverage is needed from the time you sign a lease, purchase a building or provide a service. It is important to work with an insurance professional who knows your industry.”

—Mary Lynne Blaesser, Director of Marketing, Marine Agency Corporation

View additional insurance tips from Mary Lynne Blaesser of Marine Agency Corporation.