What is Commercial Crime Insurance?

Commercial liability insurance is not a requirement for people living in the state of Georgia, although many company owners will decide to purchase a policy for the protection that it provides. Along this vein, commercial crime insurance is also not mandatory, but it is, nonetheless, beneficial.

What Does Commercial Crime Insurance Cover?

It is an unfortunate reality that when a person goes into business for him or herself, the employees that they hire may not always be trustworthy. If, for example, a staffer provides monies to a vendor with whom you have not previously engaged and employee theft is included under your coverage,  it can take care of these costs. In addition, it can pay for losses when important documents are destroyed or if monies are stolen while on your way to deposit them into the bank. 

Your policy can extend to cover not just you but also your employees while they are working with articles pertaining to your company. It can also cover things like bad checks received from merchants or clients, and it can kick in if your own checks end up in the wrong hands, spurring a rash of fraudulent drafts. In today’s world, computer security is an issue, and hackers are always attempting to break into systems to see what they can steal. From lifting customer addresses and telephone numbers to credit card accounts, the ways are myriad in which criminals can target you, and crime insurance helps you in many of these instances.

Peter Laczko Insurance Inc. Serves Woodstock GA

Whatever your commercial insurance needs are, Peter Laczko Insurance Inc. has the right package for you. Faithfully serving Woodstock, GA, we offer a variety of products that include motorcycle, jet ski, boat, homeowners, automobile, and commercial insurance. Reach out to us today to ask any questions you may have about any of the services we offer. 

Do You Need Motorcycle Insurance if Your Bike Is in Storage?

If you aren’t going to be riding your motorcycle year-round in Woodstock, GA, you may be considering canceling your insurance to save money. Motorcycle insurance is required when you are driving on the road, but technically you don’t need it if you aren’t riding your bike. Canceling your insurance may cost you though, and there are other ways to save.

If your bike is in storage and you don’t have insurance, you have to fight the urge to go out for a ride, even if the weather is great. If you are out without insurance, you could be faced with some costly penalties, and if you cause an accident it can be even worse.

Even with your bike in storage, it still faces some risks. Some of the risks include storm damage, vandalism, and fire. Without proper insurance on your bike, and if there is damage that is caused, you would have to pay out of pocket for repairs. How you store your bike could also affect your insurance. Insurance companies look at the possible risk to determine how likely you are to make a claim. If you are keeping your bike in a locked brick building or a garage, then it will help lower your premiums because you are trying to deter thieves and vandals.

Instead of canceling insurance, speak with an agent at Peter Laczko Insurance Inc. to ask about a lay-up policy, which will keep everything but the comprehensive coverage. The comprehensive coverage protects you in the event of vandalism or theft. You could also raise your deductible while your bike is in storage and it will lower your premium. However, if you do need the insurance during this time, make sure you have enough cash on hand to pay for the higher deductible.

Contact Peter Laczko Insurance Inc. serving Woodstock, GA to get a quote on motorcycle insurance.