Buying car insurance is one of those necessities of life if you choose to own and operate a motor vehicle. You want to drive? You need to be insured. That’s the law and if you fail to comply, you can get into a whole lot of trouble.

But while car insurance north carolina can already be expensive for some drivers, committing these five auto insurance mistakes will make those costs even higher and possibly leave you under-insured in the process. So, let’s review the five big auto insurance mistakes that you must avoid to get you driving safely without paying through the nose for the privilege.

1. Not Having Coverage

Right off the bat, this is a bad idea. Too many drivers think that as long as they drive carefully and obey all the rules of the road, they can get by without having insurance. But your car insurance covers more than just accidents, it can cover theft of the automobile and everything inside of it. What happens if your car is stolen? Then you’re really out of luck.

Not to mention the expenses that will come out of your pocket if you are indeed found liable for an automobile accident. Your insurance is there to cover the costs of other drivers and their property should you be the responsible party in a wreck. You think insurance premiums are pricey? Wait until you’re covering the medical costs and repair bills of someone you rear-end by mistake.

2. Having Poor Coverage

Being under-insured is almost as bad as not having any insurance. A policy gets you compliant with the law but if that coverage doesn’t do very much for you when the time comes to file a claim, you could be wasting a whole lot of money and spending even more on top of that.

Under-insured drivers will often discover that their coverage is of little use to them when they attempt to file a claim and discover their policy can’t or won’t cover it. Whether it’s a claim you are filing on your own behalf or a claim filed by another driver, if your policy won’t cover it, you’re stuck.

3. Failing to Pay in Full

You want to save some cash on your coverage, don’t pay your premiums in installments. The insurance companies would much rather you paid your premiums in full and they are willing to offer a discount on the cost if you agree to pay what you owe in full every six or twelve months.

The insurance companies are all about mitigating risk and if you are paying off your premiums from month to month that risk is elevated somewhat. What if you miss a payment for some reason? Paying in full avoids all of that.

4. Missing Out on Discounts

Simply put, the insurance companies offer a wide-range of discounts that customers can use to lower their premiums. Failing to take all that apply to you is a huge mistake.

5. Don’t Forget to Compare Rates

It can be a hassle to gather a whole bunch of rate quotes from all of the companies out there, but taking the time to do all of this work will only benefit your wallet. Not every company is the same and they might consider your particular situation different from their competitors. Taking the time to get quotes can help you save a whole lot of money.

If you are an owner of a small business, you’re going to realize very soon that you may need multiple types of business insurance. Every business is different from one industry to the next and, no matter the field or industry in which you participate, there are an inherent number of possible risks and threats to the successful operation of your enterprise.

But holding the right policy is essential for protecting yourself and everything that you have worked so hard to build all of this time. Having the right types of insurance for your business means you are completely covered should anything happen that could put your company at risk.

So, what type of insurance do you need? Let the insurance doctor walk you through the many types of coverage options that are available and you can decide which one are applicable to the type of business you own. There is no one-size-fits-all approach to maintaining a smart and sensible insurance policy for every type of business out there. It’s up to you decide which coverage is best for the business you own.

The following are some of the most common types of business insurance that exist. Review these options and you can begin to create the best policy for you.

Liability Insurance

This type of coverage is owned by almost every business today. That’s because it’s the coverage you depend on to protect you, your product or service, and your company should you be named in a lawsuit related to a number of scenarios.

If a customer sues you because your company, product, or service caused them harm in some way or their property was damaged or destroyed due to some form of negligence on the part of you or a representative of your business, your liability coverage could pay for any damages or judgments against you in a court of law, up to the limits set forth in your policy. Your insurer may also cover legal fees, court costs, and other expenses incurred to defend yourself against a claim.

Property Insurance

You want this coverage if you own any property related to the operation of your business. This is the part of your policy that covers any expenses incurred due to a loss, damage, or destruction of your property by any of the perils that are listed in the policy. These typically include things like fire, vandalism or theft.

What isn’t included are perils such as earthquakes or flood. If you want protection against these threats, you will need to purchase additional coverage for your policy.

As for the property that is covered by this type of policy, it includes the physical building where your office is located as well as any personal and company property that might be placed inside of it. This refers to product inventory, materials, equipment, even your computers and servers. Pretty much anything that is used during the normal operation of your business.

Workers Compensation

If you run a business and hire employees on a full-time or even part-time basis, you are going to need to have workers comp. However, the laws of each state governing workers compensation insurance vary from one state to the next so be sure to check with the laws in your state to find out what mandates or statutes are in place.

A worker’s compensation policy protects you in the event any of your employees becomes injured or ill while on the job. Coverage will pay for any medical costs, lost wages, and rehabilitation expenses should they be required. In the event an employee is killed while working in your employ, the policy pays benefits to the next of kin as per the limits outlined in your coverage.

Business Automobile Insurance

Any business where one or more vehicles are being used in conjunction with the operation of that business will need to hold some kind of coverage for these vehicles. This policy is very similar to that which you probably hold on your personal automobile, only this coverage pays out to third parties who may sustain a loss or injury due to the actions of you or one of your employees behind the wheel of that vehicle.

This type of coverage can also extend to vehicles owned by employees when they are used on behalf of the company. However, this insurance is only applicable during normal, everyday business hours and it is no longer applicable as valid coverage when the vehicle is not being used for business purposes.

Excel is a spreadsheet application that allows for both simple and complex information to be stored and analysed as needed. As well as creating spreadsheets from scratch with the information that you have available you can also find PDF to Excel software that will take an existing PDF document that you have and convert this into an excel spreadsheet for you to then arrange, manipulate and analyse as necessary.

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If you are looking to use Excel there are some functions that you need to be aware of in order to get the most out of the applications capabilities:

• Pivot Tables – although this is an advanced feature of the application it is an incredibly important one as it allows for complex information to be present in an easy to understand format that allows for reporting on data and tabulation of the information.

• Sums – you can easily add up the figures in any given row or column as well as creating more detailed sums to give you the results that you are looking for.

• Rounding – it is possible to alter the way in which the numbers that you enter into the spreadsheet are rounded. This can be incredibly important if you are using the spreadsheet in order to present financial data or results that are based on figures.

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• Freezing rows or columns – when looking at large spreadsheets this function is a life saver as it allows you to freeze the header rows and columns to allow you to scroll through the pages of data in front of you whilst still being able to understand what each column and row represents.