One thing that many business owners make time for is purchasing proper Illinois business insurance, but simply having one of these policies doesn't necessarily mean that company executives know what they are covered for or how to get the most out of them.
Crown Point, Indiana (PRWEB) December 09, 2011
The local experts at Pinnacle Insurance Group know that small business owners have a lot on their plate these days. In addition to overseeing the general day-to-day operation of their company, small business owners must navigate the rocky economy during this tough time. One thing that many business owners make time for is purchasing proper Illinois business insurance, but simply having one of these policies doesn’t necessarily mean that company executives know what they are covered for or how to get the most out of them.
In order to avoid spending copious amounts of time reviewing their policy in the event of an accident, business owners should know the following from the get-go:
- Most policies require policyholders to report an insured accident within 72 hours in order to be covered, even if the claim isn’t actually filed within this time frame.
- Companies must provide some proof or documentation of their loss when filing a claim.
- There are three main options when it comes to replacing lost profits or items, which include the insurance provider paying cash, repairing the insured item or providing a replacement of similar value.
An independent Indiana insurance company like Pinnacle Insurance Group can help local companies determine whether or not there are any gaps in their insurance coverage or where their potential risks lie, but reporting an incident and filing a claim is the responsibility of the business owner. Therefore, it’s essential for individuals with Indiana or Illinois business insurance to understand what they need to do in order to be compensated for their insured losses.
About Pinnacle Insurance Group:
Established in 1942, Pinnacle Insurance Group is a full service, independent Indiana insurance company, proudly providing unparalleled customer experience along with free saving analysis services. For almost 70 years, Pinnacle Insurance Group has worked hard to build a solid, knowledgeable community of Indiana insurance specialists and insurance carriers. We specialize in the South Shore area, offering not only Indiana insurance but Illinois insurance and Chicago insurance as well. Pinnacle Insurance Group welcomes you to join our community and learn about our extensive Indiana insurance options.