www.business.com Learn how to prevent business liability claims. BIO: Tim Gaspar is the owner of Gaspar Insurance Services. TRANSCRIPT: Hello. My name is Tim Gaspar with Gaspar insurance services. We are an insurance agency specializing in protecting small to medium size businesses. Today, we are going to talk about minimizing your business liability exposures, and how you can effectively do that. There are literally hundreds of ways to limit your business liability exposures depending on the type of business that you have. Today, we are going to start with the one that happens the most frequently, and unfortunately that is slip and fall accidents. Having a clean environment for your store, business, office, whatever it might be is the key component to making sure that you can cut down on those claims. Definitely you want to make sure that anywhere the public sees is completely free of debris and is cleaned on a regular basis and doesn't have any exposures in which someone might be able to trip or fall. Now unfortunately, a lot of the claims that we see for slip and fall are frivolous where some actually slipped and fell on purpose in order to collect money from the business owner or the insurance company. Unfortunately that is the world we live in, and that happens quite a bit. But as a business owner, if you have a clean environment free of hazards, you can make it a lot tougher for someone to come in and do that. Generally, speaking, someone looking for opportunity is ...
If at all possible, you should attempt to go through the other driver's insurance company to get your auto fixed. This is important because you will avoid having to pay out the deductible that you might have on your own insurance policy out of your own pocket. Typically, what happens is that the other driver's insurance company will use whatever excuse they can to delay paying on your property damage claim. They do this, hoping that you will give up on waiting for them and that you will just finally give in and go through your own insurance company to pay the damage to your vehicle, through your own collision coverage. Your company will usually help you to get your deductable back from the other driver's insurance company if this happens. You may choose to lay out the deductible for the simple convenience of having your company begin the repair on your own vehicle immediately instead of waiting while the other driver's insurance company drags their feet. One of their favorite delay tactics is to claim that they cannot agree to pay your property damage claim until they see the police report (which sometimes takes ten days) or until they talk to their insured or their driver about the facts of the accident. If the other driver doesn't call them back, they delay resolving your property damage claim while you are without a vehicle. If you cannot afford to lay out the deductable on your collision coverage; if you are just not willing to do so, or if you don't have any collision ...
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