Scott’s Rules of Insurance – Rule 2 – Insurance Is For The Big Stuff

Rule 2 - Insurance is for the big stuff - you take care of small stuff.Stuff happens. Life and commerce include ups and downs. Bumps in the road should be paid for out of your own pocket. Catastrophes is where insurance comes in.Use deductibles to limit the involvement of the insurance company in minor losses. Look to the other side of a loss … [Read more...]

Insurance Success Tip #2 – Use High Deductibles

Let the insurance company take the big risks. You pay for small losses.$5,000 is the minimum deductible most businesses should have on property insurance. Same for crime insurance, machinery coverage, and the physical damage portion of your automobile insurance.Most liability insurance policies do not have a deductible. When someone is hurt or … [Read more...]