A Friend's Business Needs Insurance
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The owner and Master of my Taekwondo studio wants me to look into better/less expensive business insurance. This is something that I just don't have any experience with, so I need someone who can hold my hand through it. I've got all the policy documents here with me...
Here's what look to be like the important bits:
- Accident and health policy:
--Agg. limit of indemnity - 250K
-Accident Medical Expense Benefit
--Deductible Amount - $25
--Coinsurance Percentage - 100%
--Aggregate Maximum - $10,000
-Accident Death and Dismemberment Ben
--Principal Sum - $10,000
Total premium for above is $350
General Liability Portion
General Aggregate Limit - 3,000,000
Personal and Advertising Injury Limit - 1,000,000
Each Occurrence Limit - 1,000,000
Damage to Premises Rented to You Limit - 100,000
Medical Expense Limit - 5,000
Premiums
Commercial Property Coverage Part - $288.00
Commercial General Liability Part - $850
Misc.
Terrorism Insurance - $100
Fire - $100
General Liability Package $100
He'll be paying almost $2,000 for this. I'd like to see if I can save him some money.
Any business insurance guys/gals out there who can give me a hand? It's set up to renew in about 3 weeks, so we need to act fast!
Business is located in Cedar Park, TX, 78613.
Please help if you can...!
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