As someone that has been in the insurance business for a number of years, I understand the importance of protecting not only individuals, but companies as well. What I have found is through local mediums, that local insurance is a relatively effective way to protect companies from liability, thus allowing them to perform their duties.
Speaking with a client at http://www.baycasphalt.com/, I learned the importance of local companies and having them protected. His company, one that specializes in concrete installation for driveway, that businesses need insurance as much, if not more than individuals. He told me that the possibility for companies to become bankrupt due to a lack of coverage.
Insurance for companies
According to the company, there is a need to protect any company that provides a service with any liability. Their main specialty, brick paving, has a number of externalities to thing about, which means that insurance is needed. When someone asks how much does brick paver cost, there needs to be a way for companies to give an answer that will not land them in hot water.
The way to do this is to come up with an industry standard which all companies within that industry can agree to. If you have a uniform pricing guide and other set restrictions on the services rendered, it becomes a lot easier for insurance companies to protect these companies. In establishing a set of rules that consumers and companies alike can all adhere to, it becomes easier not only for the companies, but for the customers to get what they want.
By giving people and companies a benchmark with which to work, we can better protect the liability of companies that involve risk. It is and should be the job of company representatives and insurance representatives alike to come together to create a more cohesive way at looking at insurance and liability. Construction jobs are still one of the most in-demand professions, and we should do what we can to ensure that their work is supported and covered to the utmost degree. Insurance and corporations need to work together to create a brighter future.