Why would a business pay premiums to an insurance company?

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1. Why are insurance premiums so high? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE Common causes of overly expensive insurance rates include your age, driving record, credit history, coverage options, what car you drive and where you live. Anything that insurers can link to an increased likelihood that you will be in...
2. Can I use my business vehicle for personal use? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE A company-owned vehicle used for business purposes (as long as it’s documented) is not considered taxable income. However, when your employee uses the vehicle for personal use, it becomes taxable and must be reported on their W-2. CALL...
3. Did GEICO go out of business? Did GEICO go out of business? GEICO has closed its 38 sales offices in California and laid off “hundreds” of employees, according to media reports, but the closings will not affect the handling of claims, a spokesperson for the company told Repairer Driven News....
4. What you must pay before an insurance company will pay a claim? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE Deductible: The amount you must pay out of your own pocket before your insurance company will start paying for services. (Example: If you have a $500 deductible per year, and each doctor’s visit costs you $100, your insurance...
5. Which state has the cheapest health insurance premiums? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE At $292 per year, Minnesota has the cheapest average benchmark premium in 2021. … The five cheapest states for premiums in 2021 are: Minnesota: $292. New Hampshire: $325. Rhode Island: $328. New Mexico: $329. Michigan: $335. CALL US...
6. What will increase car insurance premiums? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE Your car’s insurance rates may increase or decrease when there is a change to any of these risk factors. Location. Insurers typically start by asking for your ZIP code because where you live is the start of most...