We understand that insurance can sometimes be confusing. That’s why we have created this section, where we answer some of the insurance questions we field most often. Feel free to browse through the list, or send your own questions along. Our team is always glad to help!
Business Insurance
What Is Business Insurance?
This type of coverage safeguards businesses against potentially devastating legal liabilities, such as negligence and damages, among others.
Another advantage of business insurance is that it provides the peace of mind business owners and professionals need to confidently move forward with all aspects of their business.
What Are Some Examples of Business Insurance Coverages?
- General Liability / Product Liability
- Workers Compensation Insurance
- Employment Practices Liability Insurance
- Commercial Auto
- Cargo
- Building and Business Property Insurance
- Loss of Income
- Cyber Liability
What Is Product Liability Insurance?
This insurance is designed to protect your business from the costs of any legal claims or settlements related to a product defect, malfunction, or other issue.
What Is Workers Compensation Insurance?
This insurance is typically mandated by state law, and it is designed to protect both employers and employees. It provides benefits such as medical treatment, wage replacement, and rehabilitation services to employees who are injured or become ill due to their job.
In exchange for this protection, employees give up their right to sue their employer for certain types of claims.
What Is Employment Practices Liability Insurance (EPLI)?
EPLI usually covers the costs of legal fees, settlements, and judgments for lawsuits filed against your business by employees or former employees.
What Is Commercial Auto Insurance?
Commercial auto insurance provides coverage for damages or injuries caused by the use of these vehicles, including accidents, theft, and vandalism. It may also provide coverage for liability if someone is injured or their property is damaged as a result of the business’s use of the vehicle.
What Is the Difference Between Personal Auto Insurance and Commercial Auto Insurance?
Another key difference is that commercial auto coverage is different from personal car insurance because it covers more risks and liabilities that come with commercial use.


Does Commercial Auto Insurance Cover Business Use?
If you use your car for business purposes, such as delivering goods or transporting clients, you may need to purchase commercial car insurance.
Is There a Difference in Cost Between Commercial Auto Insurance and Personal Auto Insurance?
However, commercial auto insurance costs more than personal auto insurance because it offers protection against a wider variety of risks. Additionally, commercial vehicles are typically driven more frequently and for longer distances, which increases the risk of accidents.
There’s an additional factor why you usually pay more for commercial auto insurance: Commercial vehicles may be used to transport goods or equipment that may be valuable and require additional coverage.
What Is Cargo Insurance?
This type of insurance protects companies such as shippers, trucking companies, or freight forwarders, from financial losses due to damage, theft, or loss of cargo during transport.
What Is Building and Business Property Insurance?
Building and Business Property Insurance typically covers damage caused by a variety of events, such as fire, lightning, windstorm, hail, theft, and vandalism. In addition to the building itself, the policy may cover business equipment, furniture, inventory, and other property located on the premises.
What Is Loss of Income Insurance?
This is a great way to help businesses recover lost income and pay expenses during a period of downtime, allowing them to continue paying bills and operating expenses such as rent, payroll, and utilities.
What Is Cyber Liability Insurance?
Since cybercriminals refine their tactics constantly, cyber liability insurance is more important than ever. For many businesses, being attacked is just a matter of time, and the costs associated with data breaches continue to climb.
Have any questions? Call us now! (951) 547-4240
Personal Insurance
What Is Personal Insurance?
The difference between business insurance and personal insurance is that while business insurance covers companies, personal insurance helps protect individuals.
What Are Some Examples of Personal Insurance?
- Life insurance
- Auto insurance
- Homeowners insurance
- Renters insurance
- Umbrella insurance
How Much Personal Insurance Do I Need?
If you want to learn more about how much insurance makes sense for you, contact our experts at Carter Bradley. We’ll be glad to help you build a policy that meets your needs.
What Is Life Insurance
Essentially, the policyholder pays a monthly or annual fee in exchange for the promise of an insurance provider to pay a sum of money in the event of their death. Life insurance is a crucial tool for financial planning that helps ensure stability and security for those left behind, allowing them to cover expenses such as debts, mortgages, college education costs and more.
How Many Types of Life Insurance Are There?
- Term life. This is the simplest form of life insurance. It pays only if death occurs within the term of the policy, which typically ranges from one to 30 years
- Whole life. In a traditional whole life policy, the death benefit and the premium are designed to stay the same throughout the life of the policy, even as the person ages.
- Universal life. Here traditional life insurance is bundled with a savings vehicle known as cash value. After the policy accumulates cash value, the policyholder has the option to reduce their premium payments.
- Variable life. Variable life policies combine the protection of life insurance with a savings account that can be invested in stocks or bonds.


What Is Personal Auto Insurance?
As is the case with almost any type of insurance, you can customize personal auto insurance to meet your unique needs. Some common personal auto insurance coverages include:
- Liability coverage
- Uninsured and underinsured motorist coverage
- Comprehensive coverage
- Collision coverage
- Medical payments coverage
- Personal injury protection
What Is Homeowners Insurance?
Homeowners insurance typically covers the physical structure of the home, personal property within the home, and liability for any injuries or damages that occur on the property.
What Is Renters Insurance?
In addition to providing coverage for personal property, renters insurance can also provide liability coverage for accidents that occur in a rented space. For example, if a guest is injured in an apartment you rent, renters insurance can help cover the medical expenses and legal fees associated with the incident.
What Is Umbrella Insurance?
For example, if an individual is involved in a car accident and the damages and medical expenses exceed the limits of their auto insurance policy, umbrella insurance can kick in to provide additional coverage to help pay for the remaining expenses.