How to Get Insurance for Your Small Business: Smart Tips for Better Coverage
Small businesses need insurance coverage to protect them against risk and financial loss. Small business owners need to do their research to determine the types of insurance they need and to find the best policies for their business model. Small business insurance is crucial for protecting your business and personal assets in the event of an unexpected catastrophe.Consider all the different risks that could harm your business, from lawsuits, theft to car accidents to natural disasters. Write them all down so you can find coverage options that protect against those particular risks.Go over the details of your business with the insurance. They will know all the questions to ask to determine the coverage you need. You’ll just need to be prepared with the proper documentation so you can answer all their questions. If you have your own questions about insurance policies, make sure to ask them during the meeting. Call us 021-50508080 for more info.
vehicle insurance terms
Often confused to see the term vehicle insurance? Don't worry, Friends of Insurance are ready to help with terms that are often used in Vehicle Insurance.
You may have heard this term many times, but do you really know the meaning behind it? Policy and insurance policy have almost the same meaning, an insurance policy is an agreement or agreement between the policyholder and the insurance company to perform obligations such as loss or damage protection that has been agreed by both parties.
A word you will also hear often is premium. In short, the premium is the value or nominal payment agreed by the policyholder with the insurance company. The amount of premium to be paid will also be listed on your vehicle insurance policy.
Simply put, the price of coverage is the purchase price of a motor vehicle when you make an insurance policy. This purchase price will be listed in the policy and will later become the maximum limit of the liability value of the insurance company if you make a claim at any time.
Total Loss Only or TLO
Well, this one term is very closely related to car insurance. Total Loss Only or TLO is one of the most common types of vehicle insurance in Indonesia. If you choose Total Loss Only motor vehicle insurance, it means that in the event of a loss or damage the insurance will provide repair or replacement costs of only 75%.
Just like the term TLO, all risk is also related to the type of insurance you can choose for your vehicle. The difference between the two is that all risk insurance will accept all claims for loss or damage to a motorbike or car up to 100%.
Deductible or Own Risk
Deductible, own risk, or own risk have the same meaning, namely the value that becomes your burden for each damage or loss that occurs. This burden or value is usually calculated from the amount of compensation to be paid. As a policyholder you must really pay attention to these details in the insurance policy purchased.
TJH III or Third Party Legal Liability
In simple terms, TJH III talks about the liability guarantee that will be given by the insurance party to a third party if the insured vehicle suffers a loss or damage. You can ask the insurance party for points regarding Third Party Legal Liability when making a policy.
At least you need to understand the terms mentioned above, besides that, pay attention to the points that talk about losses caused by natural disasters, riots or acts of terrorism. Don't forget to read the motor vehicle insurance policy in full and in detail so that you know exactly what protection you have.
If you still want to find out more details or complete information about vehicle insurance, you can find all the information at www.sahabatinsurance.id or call 021-50508080.
Myth or Fact: Car Care Edition
Myth or Fact: Car Edition
When it comes to car care and vehicle maintenance, there’s a lot of information out there. Sahabat Insurance is here to help you debunk popular car care myths and tell you what’s important to know. About filling gas. When is the best time to get your oil changed? When should you change your tires?
When at the gas station you have to turn off your cellphone? Really? There has been no definitive research on the relationship between cell phone signals and fires at gas stations. The possibility of burning could be due to the occurrence of static electricity or an exploding HP battery. However, it never hurts to save your cellphone while refueling.
Shaking the car while filling the gas will fill the tank perfectly
This is a myth, because today's modern car will be filled perfectly without being shaken. Especially when shaken there will be metal friction between the tip of the nozzle and the vehicle, and it can cause sparks.
People believe their oil should be changed every 10,000km. Is this myth or fact?
In fact, oil can be changed every 10,000km or every 6 months. But, it depends on how often you use the vehicle. The kilometer reference is not always the right benchmark to know when to change the oil? The reason is because the performance of the engine will be heavier according to how the driver drives and the road that is crossed.
Car Tires Also Need Rest, Myth Or Fact? Tires don't really need to be rested to follow the driver's rest. If the surface of the tire is slippery, it's time for the tire to retire.
The Benefits of Home Insurance
Home is we should feel secure and comfortable. Imagine if your house is on fire or lightning hits your house? Imagine the cost to repair or replace your personal belongings if they are damaged or stolen.
Home insurance protects property and its contents, such as houses, offices, shops, factories, and personal warehouses from damage and loss caused by fire, burglary, riots, floods, and earthquakes.
Home insurance provides a sense of security from risks or disasters that may occur.
Renovation costs for homes that have suffered heavy damage due to natural disasters or fires are certainly very expensive. There are many unexpected expenses when doing home repairs, from hiring a handyman, repairing the foundation to the roof of the house, and much more. Home insurance protects you from financial losses due to home repairs at no small cost.
For more information about home or property insurance you can contact us at 021-50508080 or email to [email protected]