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Does Your Business Need The Right Insurance?

The Top Claims For Small Businesses

In a recent report by Property Casualty 360 See full Article, the top claims for small businesses were reviewed. In this report, a leading insurer of small businesses reviewed millions of policies over a five year period. We found the results interesting.

Business Insurance

Remember that business insurance protects your investment by minimizing financial risks associated with unexpected events such as a death of a partner, an injured employee, a lawsuit, fire, or a natural disaster. Here are some results we found interesting:

1.    Burglary accounted for 20% of the claims with an average cost of $8,000.

2.    Water damage had an average cost of $17,000, or 15%, of the small business claims.

3.    Wind damage, while not an exposure for every business, accounted for 15% of the total losses with an average cost per claim of $26,000.

4.    The traditional risk of fire damage had an average claim of $35,000 and 10% of the total.

5.    Product liability claims cost an average of $35,000.

6.    Property rights/ Reputation, while not a large percent of the claims, had an average cost of $50,000.

7.    Auto accidents accounted for only 5% of the total, but averaged $45, 000 per claim.

Ludwig & Fawcett Insurance!

We provide our customers with financial protection through quality insurance products.  We partner with multiple financially sound and reliable companies, allowing our knowledgeable and experienced staff to customize an insurance package to fit your needs. 

While we enjoy meeting our clients in person, we can also initiate coverage over the phone, by fax, or by email

 

Our Location

Ludwig & Fawcett, Inc.

100 W. El Camino Real, Ste 82
Mountain View, CA 94040
Main office: 650-466-6612
Fax: 650-962-8015

Our Providers

Testimonials

Very professional staff, and knowledgeable. I can rely on them for any questions regarding auto insurance and or renters insurance. Kelly and the other staff members are great at responding back to you. I am a long time customer and don't plan on leaving. I like there services and I don't feel like I'm talking to robot or some agent who doesn't care. I would definitely recommend them ask for Kelly, Maria, or Dave....all great at what they do!!!!

Ariel P. from San Jose, CA
I have been with this company for 10+ Years and have referred tons of friends, family and clients! They are the best! They always follow up to make sure that you have the best coverage that works for you. They are truly on your side!

Erika O. from Vallejo, CA
Every person needs three people in life: a great doctor, a great lawyer and a great Insurance Agent. Ludwig and Fawcett are by far the greatest insurer I have ever had. I met Dave Fawcett through a friend over 15 years ago and they will have my business as long as they here. The entire staff exhibits the highest level of personalized and professional service, always and without fail. They hold embody the nearly lost value of treating their clients like friends and family.

Tushar M. from Santa Fe, NM