The Insurance Family Blog

Restaurants, auto repair shops, real estate offices and nearly all other businesses have signs that tell their customers their name, address, hours of operation and so on. Signs may be simple or complex and many businesses typically use lighted signs. The Sign policy created by Insurance Services Office is available to insure against the loss or destruction of signs, including fluorescent, neon, automatic or mechanical sign. Coverage also extends to lamps. However, fixed, non-lighted signs (such as billboards) are not eligible under a sign policy, even if they are illuminated by separate electric lights.

Back in 2010, legislation was proposed that would reward car insurance consumers for maintaining continuous coverage with discounts to their premiums, no matter who they had their coverage with.  That legislation failed to pass. 

In a recent nationwide survey, industry experts have revealed some intriguing statistics about what Americans think might increase safety on our roads.  The majority of us think that the teen demographic poses the most danger on the road.  As a result, 60 percent of road users support a national law that would set the minimum standards for a graduated driver’s licensing program, which would hopefully also have an impact on car insurance premiums. Here are a few more findings from the survey:

Nothing against these popular car manufacturers, but the statistics show that Californian’s favor these car brands just as much as car thieves do! The Honda Accord, Honda Civic and Toyota Camry car models have topped the California state lists of the most popular stolen vehicles in 2010 according to data that was published recently by the National Insurance Crime Bureau.

Purchasing a vehicle for a business in California tends to involve a weigh up of price versus features and value. The price of the vehicle, along with the kinds of features it has will also affect your commercial auto insurance premium. This cost will linger every year when a business renews its commercial auto insurance.  Factors such as the vehicle’s age, usage type and class will also have an effect on the commercial auto insurance premium. Having the knowledge about how a commercial insurance premium is calculated will allow a business owner to evaluate the most cost effective option for his or her company.

This is a question we encounter every day from California Business Owners: “Just how much commercial auto coverage does my business need?”  It can be difficult for business owners to evaluate what type of commercial auto insurance is required, because every business is different. There are varying numbers of employees business to business, as are their varying usage types industry to industry.