Different Types of Auto Insurance Liabilities

Here is an excerpt from a new blog post at GreggMarcus.com:

When driving a vehicle, one might ponder the question, how much auto insurance liability is enough?  There is a wide array of auto insurance policies, providers, and liabilities.  It is up to you to be informed about your auto insurance policy and all that it provides to you.  In this article, Long Island Insurance Executive Gregg S. Marcus seeks to inform about the different auto insurance liabilities that are out in the market today. 

Although each state in the U.S. requires some degree of car insurance, the type of policy available varies by state.  New York State goes by two essential and required forms of auto liability insurance—bodily injury insurance and property damage insurance.  Now of course these two forms of liability insurance can be divided in many ways.  This is based on whether the bodily injury is non-fatal or fatal and how severe the property damage is.  Non-fatal bodily injury insurance provides coverage for the medical expense of the opposing car—that is, if you caused the accident.  This type of liability does not necessarily provide coverage for your medical expenses, so it may be broken up into two areas.  These two areas are divided up based on the bodily injury itself, thus providing coverage for one injured individual per accident.  This liability policy will provide coverage for medical expenses, lost money, pain, and long-term care.  The amount of people that are covered by the policy will be listed so that in case of an accident, you are aware of the medical coverage available to you.

To view this post in its entirety, click here to visit the Gregg S. Marcus official website.   

Small Business Insurance Requirements

 Here is an excerpt from a new blog post at GreggMarcus.com:

Basic small business insurance consists of four focal types of insurance.  These four types of insurance are professional liability insurance, product liability insurance, general liability insurance, and commercial property insurance.  In this article, Long Island Insurance Executive Gregg S. Marcus seeks to explain what these four types of small business insurance policies are all about. 

Professional liability insurance, which is also known as malpractice insurance, is used to provide coverage to small businesses for any potential financial losses due to errors done by the company itself or the company’s employers.  Some degree of professional liability insurance is legally required for those working in the medical field, including doctors, dentists, and osteopaths.  Other small businesses that are encouraged to purchase professional liability insurance are hair salons, massage therapy centers, and gyms that possess personal trainers.  This is because these small businesses provide services to people on a personal, routine basis.  This puts them at higher risk than other businesses to be held liable for potential injury occurring on their property.

To view this post in its entirety, click here to visit the Gregg S. Marcus official website.