It's no secret that auto insurance is a necessary evil. Not many people want to pay for something they think they'll never use. But the fact of the matter is, accidents happen every day, and you need to be prepared.
So, when should you consider getting a comprehensive car insurance policy?
When You Have a New Car
When you buy a new car, you want to protect your investment. The best way is to get comprehensive auto insurance.
Owning a car comes with many expenses, from registration and licensing to fueling, maintenance, and insurance. Some car owners shy away from insuring their vehicles adequately to reduce these costs, which often ends up costing them more than they were trying to save.
You can save if you can learn tricks to lower your auto insurance costs. You will also have peace of mind knowing you are adequately protected from the unpredictable.
As a small business owner, once you start hiring employees to work for you, you will need to change the way you structure your business and the type of insurance policies you carry. One of the insurance policies you will need to start carrying is a worker's compensation insurance policy. Here are a few things you need to know when shopping for worker's compensation.
Start with State Requirements
The first thing you need to do is educate yourself on your state's insurance requirements.
If you experience certain driving infractions, you may be asked to submit an SR22 insurance form. It's intended to show you're carrying the legally approved amount of insurance. Any time you're put in this position and have to file one of these forms, use these protocols.
Verify Need by Going Through State Regulations
Every state has the ability to set its own policies regarding the need of having an SR22 insurance certificate.