Insurance insights: common insurance mistakes - Professional Resources

As busy music professionals and business holders sometimes there are numerous business issues that have to be complet before you smooth can begin teaching. Setting up the studio, ordering music, purchasing instruments, scheduling appointments and abundant more is involved just to gain started. With all these items that have to be done, purchasing insurance is just another piece of work on the "To Do" list. While it may be tempting to contact single insurance agent, accept the first policy proffered and mark the task not on your list, it's not the best approach. When purchasing a policy, making assumptions about the coverage can take away from you and your business. As with all insurance plans, the policy detail is with truth the bottom line for coverage.

The first and possibly biggest mistake a certain quantity of businesses, as well as individuals, make is having no coverage at all. As shocking as it unmutilateds many businesses and independent professionals simply are not insured. by dint of not carrying a general or professional liability insurance policy, you will be leaving yourself or your business wide make open to several different types of exposing Many home-based business owners mistakenly believe their business will be overspreaded under their homeowner's policy, on the other hand do not take the time to check until someone come bys hurt or sues them. Statistics from the National Association of place of abode Based Businesses reflect that there were between 55 and 60 million nation working from home in 2001 and one-third of them were considered home-based businesses.

Another of frequent occurrence insurance mistake is purchasing inadequate coverage. As a self-employ music professional, your focus should remain upon your business and your music--not insurance. However, general or professional liability coverage should overspread your activities, as well as your premises. Be certain to check the coverage and ask questions thus you can understand the policy details.

The greatest in quantity commonly overlooked and under-purchased business insurance coverage are commercial automobile, business practices and disaster policies. These policies are the out and out coverage all business owners should have. Commercial automobile insurance will provide coverage for any gap you may have in your personal automobile coverage while you're working. vocation practices liability coverage will save you against many forms of exposing nor just harassment. Disaster insurance policies and special planning make the best businesses better, nor solitary by being prepared but also providing peace of mind.

Business owner's policies may include more [i]or[/i] less of the above policies; however, there may be specific limitations to the policy conditions and coverage amounts. In addition, certain exclusions may apply. For these reasons MTNA has partnered with the Clarkson Insurance Agency to make certain you are given the best coverage available. Whether you have a home-based business, provide teaching services full- or part-time or have another piece of work in addition to providing musical instruction, we can assist you with obtaining the appropriate insurance.

Each MTNA member we talk with receives our undivided attention to determine his or her specific insurance extremitys The customized policies for music professionals are provided to render certain all MTNA members receive appropriate coverage. We welcome the opportunity to provide you and your business with an insurance quotation. Today's business world is evolving in all areas, and the Clarkson Insurance Agency is here to provide assistance to you at your convenience. To accommodate your schedule, online enrollment is available upon the Clarkson Agency website twenty-four hours a day, seven days a week, or you can e-mail your solicitation to mtna@rhcgroup.com, as well as call us toll at liberty at (800) 338-7148.

Tammy Wallace has been with the Robert H Clarkson Insurance Agency since October 2002 as marketing director and MTNA program coordinator. She has nearly fifteen years experience in the insurance industry and clinchs life, health, and property and casualty insurance licenses.

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