Getting a commercial general liability premium is recommended for almost types and sizes of businesses. This is why if you are planning to get one, it is important for you to not only do plenty of research but also be as prepared as you can be before contacting brokers and insurance providers to request for quotes.
One of the things that you need to do to make sure that you would be able to get the most accurate quotes would be to have all the documents that most insurance providers require. These documents may vary based on several factors aside from the insurance provider. Some of these factors would be the type of nature of your business, its age and size, the location where you conduct your business operations and the kind or amount of coverage you want to get. Although only your broker could provide you with the exact list of documents that you would need, here are some that you could start to prepare once you are ready to go through your options.
This first would be your loss runs. Most insurance providers would require you to give them documentation that would give them with information about the losses of your company or business for the past three to five years. These documents should show the date, type and amount of loss that you had. These are used by the insurance company to determine the risks of insuring your company.
Aside from your loss runs, you may also be required to show your sales receipts, especially if you have a larger business that has high gross revenues. This type of documentation is often required by insurance companies for larger businesses because they usually have a higher risk of loss.
Another documentation that insurance companies can also require would be driver information, especially if you would be getting business auto coverage. If you are planning to get this type of coverage with your general liability insurance policy, you need to make sure that you would be able to provide the names, driver’s license numbers and Social Security Numbers of all of the drivers of your company.
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