Do You Have Auto Insurance for Commercial Vehicles

truck transportation

If you’re running a business that requires the use of commercial vehicles, you need to be sure that you know they’re properly insured. You can’t afford to be running a fleet of uninsured vehicles. It’s just asking for trouble. So make sure that you purchase auto insurance for commercial vehicles. If you’re not convinced, then read on to learn why it’s so important.

What Is Considered a Commercial Vehicle

There are some variables at play, but typically a commercial vehicle is anything that is designed for the express purpose of hauling cargo or transporting passengers. You may have commercial vehicles with your business and not even have considered it. An ice cream truck is considered a commercial vehicle, such as a box truck, cargo van, etc. Commercial vehicles are an essential part of running many businesses and should not be forgotten when it comes time to insure your property. While your personal auto insurance has you covered for the vehicles you drive in your own time. Only commercial auto insurance will cover your work vehicles and the cargo they may be hauling.

Why Should I Insure It?

It almost feels like a cliché at this point, but accidents happen. You can’t afford to have one of your commercial vehicles involved in an accident without having it insured. Auto insurance for commercial vehicles is an absolute necessity if you want to run a business that relies on them. You can’t afford to pay out of pocket for your damaged vehicle, your damaged inventory, and anything else that gets damaged in a collision. And that’s not even getting into the legalities involved. Take the time to do your research and see what policy suits your business when it comes to insuring all of your commercial vehicles.

This article has hopefully shown you the importance of getting your commercial vehicle insured. Contact us on our website for more information, and we’ll be happy to give you a quote. Prince Insurance is here to take the stress out of business insurance.

What is Covered in Commercial Property Insurance

If you’re going into business for yourself, then you need to make sure you’re educated about commercial property insurance. It’s essential that you know all of the ways you can protect yourself and your business in the event of a catastrophe. Take the time to familiarize yourself with the facts so you can have all of the tools on your side to make sure your business is as successful as it can be.

Why Does My Business Need All of This Insurance?

modern office property - commercial property insurance

When you go into business for yourself, you’re making a massive investment and taking a big risk. It’s essential that you invest in general liability and commercial property insurance. Since you’ve made this big investment, you don’t want a stroke of misfortune to undo all your hard work. It would be terrible to have years of blood, sweat, and tears undone in a moment of terrible luck. Fortunately, if you invest in insurance, that doesn’t need to be something that keeps you up at night.

What Does Commercial Property Insurance Cover?

Commercial property insurance is what you need to make sure that you’re covered in the event of a disaster. Luckily it covers basically everything you will need to resume your business as soon as possible. It will cover your office equipment, including computers, phones, and any furniture, regardless of whether it is owned or just leased. It will also cover accounting records and other important company documents. All of your inventory will be covered, which will be a huge relief in the event of a tragedy. The building itself will be covered, whether it’s owned or rented. Any manufacturing or processing equipment will be covered. Finally, exterior items such as fences or satellite dishes will be covered.

This article has hopefully shown you the importance of getting your commercial property insured. Contact us on our website for more information, and we’ll be happy to give you a quote. Prince Insurance is here to take the stress out of business insurance.

Full-Coverage Comprehensive Business Insurance

Cyber Insurance

When you’re going into business, you’re entering one of the most stressful periods of your life. There’s a lot you have to worry about, and anything you can do to lessen that burden is going to be a positive step moving forward. Take the time to learn what kinds of insurance can make this endeavor a little less stressful for you and your family. 

Starting and Running a Business Is a Risk

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No matter how you slice it, the fact is that starting a new business is a big risk. It’s hopefully a risk that pays off, but it’s one that you’re going to have to accept if you choose to go into business for yourself. Luckily, there are ways that you can help protect your investment. You need to look into comprehensive business insurance to make sure that you’re fully covered in the event of a catastrophe. You may feel a bit lost when it comes to acquiring this insurance, so you’re going to want to get help.

How Can I Get the Insurance Benefits That I Require?

Once you decide that you need insurance, it’s time to find someone who can help you out. An independent insurance broker will be able to see the areas where you are vulnerable and help you get the coverage you need. They’ll know exactly what you’re missing and be able to get you a great deal to plug those holes. You want to rest easy knowing that you’re as covered as you can be, and the last thing you need is an unforeseen gap causing you issues. 

Once you decide that you’re ready for comprehensive business insurance, you’ll need to find a broker you can trust. Our independent insurance brokers are up to the task. Check out our website to see how Prince Insurance can help you find peace of mind.

Comprehensive New Construction Insurance for Contractors

A construction project filled with half built red platforms.

The typical contractor will be protected by a general liability/errors and omissions (E&O) policy and a workers compensation policy. Both of these policies provide coverage for claims that result from accidents and injuries of employees or contractors.  However, these policies typically do not provide coverage for the contractor’s operations. For example, what if a worker falls off of scaffolding that was built incorrectly? Will the workers compensation or general liability policy cover any losses associated with this accident? In many cases, neither will because these types of incidents are considered to be errors and omissions on behalf of the contractor.

Construction companies have a unique set of risks, which is why builders risk insurance is the best type of coverage for construction companies.

What are the unique threats that a new construction site has that need insurance?

To mitigate these risks, contractors should look into purchasing new construction insurance.

This type of policy is designed to fill in the gaps that a traditional workers’ compensation or general liability policy will not cover. New construction policies are usually written as all-risk policies and cover losses resulting from basic errors and omissions, such as those mentioned above.

Work With a Broker

How do you ensure that you have comprehensive new construction insurance? The answer is to work with a broker who understands the industry. Brokers work with multiple insurance companies and can layer coverage to ensure that contractors are adequately covered. Remember, not every policy is the same, and not everyone will be able to offer access to the best new construction rates.

They also should consider purchasing a blanket bond if their business has more than one location or subcontractors. Speak to your local insurance agent to better understand your options.

For contractors, the challenge is to accurately determine what their exposures are and then purchase insurance that addresses those exposures, but minimizes unnecessary costs. Insurance can be complex and confusing, but an agent who works directly with multiple carriers and understands how risks fit together can help contractors find the best coverage for their needs. The added benefit of working with a broker means you can avoid paying the markup on your insurance, and you have someone to call when you need help.

Find Local Insurance Support

Contact Prince Insurance today for a free quote on new construction insurance.

How to Find the Best Insurance for All Your Needs

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The fact is that insurance companies have a lot of different policies to offer, and the options can be overwhelming. When you’re searching for insurance, it’s a good idea to think about who you are and the things you need insurance for. If you don’t need healthcare insurance and you don’t want to buy a property insurance policy, you can still find a great rate on a car insurance policy. No matter what kind of insurance you need or what your financial needs are, you can find the best insurance policy at a great rate by shopping around.

The first place you should look for insurance is with the company that already provides your other financial needs. For example, if you bank with a certain company and pay your car loan at the same company, it’s likely those companies can find you a great rate on an auto insurance policy. If one of those companies doesn’t offer a good rate or good service, it’s better to keep looking for a team to work with.

Made a recent big purchase? Don’t forget to insure it.

Finding the Best Insurance

Working with an independent agent takes away the guesswork. Independent agents work for you, so you can trust that they find the insurance that is right for you and all your needs, personal and business.

When buying a new insurance policy, there are many factors to consider; you want the best coverage at the best price, your price may vary depending on your age, the amount of coverage you desire, and whether or not you want to purchase term or whole life. If you’re looking to find the best insurance for all your needs, Prince Insurance’s highly-trained agents have the experience and expertise to help you find the best solution for you.

Your Insurance Resource

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What Type of Business Insurance Do You Need

A busy bar in Colorado, highlighting the importance of bar insurance for liquor liability protection and legal compliance.

One of the most important insurance policies that you need for your business is business insurance. This insurance is designed to ensure that in the event of an unexpected event, your business is protected. Whether you have an office, a retail store, manufacturing equipment, or a service business, this insurance can help protect your business financially.

There are essentially four different types of business insurance that you should carry in your business:

  • General Liability
  • Property Insurance
  • Business Auto Insurance
  • Workers Compensation

Some of these policies may be offered by the company that you work for, or they can be purchased elsewhere. It is important to consult with an insurance agent who knows the type of business and understands the coverage required for your industry. So, what type of business insurance do you need?

Does your business operate motor vehicles? Business auto insurance is a must.

What Type of Business Insurance do You Need?

1. Depends on your industry

2. Depends on your business

3. Do your research independently

4. Avoid being underinsured by seeking out a local insurance broker to help you make final purchasing decisions

It is important to note that insurance agents who work for companies have a vested interest in the company! They are trying to sell you the highest dollar amount of insurance that they possibly can. If there is no profit for them, they lose their commission dollars and therefore will not be so interested in helping you make well-informed purchasing decisions. Every business deserves the proper coverage to be prepared for any obstacles ahead.

Finding a Policy for You

The best way to find affordable insurance coverage for your corporation is to shop around and ask the hard questions. You can begin by asking friends or trusted professional business resources that review a range of businesses in their industry. It is crucial you find an inexpensive, reliable, and trustworthy company that will protect you against any challenges the future may bring.

Contact Prince Insurance today for a quote.

Most Important Factor When Choosing Insurance

Cyber Insurance

So what is the most important factor when choosing insurance? There are many factors to consider, but the one that usually matters most is the actual insurance itself. For instance, if you have a good idea of what you are willing to pay for car insurance, you may want to look into a more expensive company for the same coverage if it offers better reimbursement for repairs, or if they offer convenient locations you can easily visit. You may also want to think about whether or not your agent is the best one to work with and if the customer service is good.

The Key Factor

There are lots of things to consider when choosing a home insurance policy, including location, coverage, price, and the company.

But what is the most important factor when choosing insurance?

Choose insurance that has the best coverage and has value – never going for price alone. Choose insurance that is specific to your industry and your situation.  Consider having insurance from companies that are better able to cover certain losses you may experience, and have personal claims representatives available over the phone since they will be more willing to help you out in case there’s a problem.

What Agents Know

An agent should be able to tell you the exact details of your policy, including coverage amounts and deductibles, including going over the fine print with you. Always double-check to make sure that everything an agent tells you is noted in your policy. Pay attention to the time between when you bought coverage and when it takes effect to know exactly when you are covered.

Get the personal guidance of a local insurance broker to help you. They can help you through the process of finding the right insurance policy for your company and help you understand how that policy works if it should ever become necessary.

A broker will ask you a variety of questions, including what risks your business faces and what coverage is necessary to make sure all problems are covered.  

Contact Prince Insurance today for a free quote.

Why Working With A Local Insurance Broker Leads to Better Coverage

Every day, more and more Americans are choosing to get their car insurance, home insurance, life insurance, health insurance, and other insurance products from a local insurance company. Why? Because they believe that is the best way to get the most personalized attention when it comes to their insurance needs. Why not save money and time by working with a local insurance broker?

When you are comparing insurance coverage options, there are a number of things you are going to need to consider. One of those is going to be the cost of the policy since this is going to be the biggest factor in your decision. We are going to take a look at how you can make sure that your policy will be the best value for you.

One of the reasons that you will want to work with a local insurance broker in order to find your coverage is that they are going to be willing to help in making sure your policy fits within your budget. You need to ensure that the overall cost of the plan does not exceed what you can afford.

A broker is more than just a passerby on the road to the people you do business with; they can really help you get the coverage that’s right for you.

How a Local Insurance Broker Leads to Better Coverage

1. Understand the local environment and local threats to your industry.

2. Having more time for personal attention will lead to better communication and better coverage.

3. Local insurance brokers work with local agents to find the best value for your company and budget.

4. Local insurance brokers will help you understand every step in the process so that you are informed and able to make good decisions.

In time, your rapport with an insurance broker becomes a long-term relationship that you can trust with all of your insurance, personal, and business policies alike.

Find Your Local Broker

Contact Prince Insurance today to receive a free quote for your insurance policy and experience why a local insurance broker leads to better coverage.

Biggest Personal Insurance Mistakes


The world of insurance can be a confusing and scary place. There are so many things to remember, and it can be hard to know where to start. For example, there are so many different types of insurance, from life to auto to home to renters, and you could spend weeks researching each company and finding the best one.

When it comes to personal insurance, the reality is that many people are making decisions that could negatively affect their financial security. We have created a list below of some of the biggest personal insurance mistakes.

Keep your future home and family safe with the proper personal insurance coverage.

What Are the Biggest Personal Insurance Mistakes?

  1. Getting cheap insurance. Cheap insurance will usually mean that it lacks in coverage and will cost you more out of pocket if you ever need to use your insurance. Do not get cheap insurance, get insurance that provides enough coverage.
  2. Not asking about discounts. Ask your agent if there are any discounts you qualify for as a first-time home buyer or if you have been with the agency for some time. Many companies will offer discounts to clients who do business with them for a long period of time.
  3. Not working with an insurance broker who can help you determine the right insurance based on value, not price. An insurance broker can find ways to bundle your personal insurance, such as home and auto insurance. Review your insurance each year and checking to make sure that you do have coverages in place for these areas of your life.
  4. Not reading the fine print on your home and auto insurance and ending up not being fully covered.
  5. Thinking you don’t need insurance.

Get The Support You Need

Contact Prince Insurance today for a quote and avoid making any of the above biggest personal insurance mistakes.

Biggest Business Insurance Mistakes

Insurance Broker


Have you ever made a key mistake when purchasing your business insurance policy? If so, you are not alone, as most business owners make mistakes when buying their policies. No matter what kind of insurance you carry, there are a few things that you should know about the biggest business insurance mistakes that you can avoid. Whether you are a homeowner, auto owner, or business owner, there are a few things you must know about insurance in order to avoid big mistakes.

Common Errors

The biggest business insurance mistakes include the following.

1. Not knowing what your business really needs.

2. Not being cognizant of the coverage you are actually buying when purchasing a policy.

3. Not reading the policy and understanding it fully.

4. Not reviewing the policy on a regular basis (at least every three years) to be sure it is what you need.

5. Being fooled by fancy but extraneous insurance add-ons that appear necessary, when actually they are not.

6. Not understanding that often what you already have in your business or home is adequate coverage and that additional insurance may be unnecessary at the cost it will command.

Prince Insurance is here to support your business.

Always Consult Your Broker

Don’t make any mistakes with regard to your insurance coverages; always consult your broker so that you don’t accidentally get in trouble with your insurance provider. Depending on the broker you choose, the information you ask for may be different from the information you need to know.

Buying yourself without consulting an insurance broker puts you more at risk of making any of the mistakes listed above. A good broker knows your business and its needs very well. A good brokerage also has a network of companies that it works with, and the industry contacts to help find the best deals for you.

Contact Prince Insurance for a quote and avoid making the biggest business insurance mistakes.