Getting from Point A to Point B usually requires a vehicle, and that vehicle needs insurance. You should have protection against accidents, theft, and damage to get true peace of mind. But auto insurance doesn't stop with your personal vehicles. If you operate a car...
Commercial trucks are used for a variety of occupations, from truck driving to garbage collection. If you drive a commercial truck, liability insurance is a must. But the cost of truck insurance can cut into your earnings, so it's important to include it in the cost...
You want to protect your business and personal assets as a sole proprietor. What's one easy way to ensure you've taken care of all that? Get business insurance, which is a type of insurance that offers financial protection from financial losses that may come...
Small business insurance for an LLC or “limited liability company” protects your company. Claims pop up all the time when you are running a company. It is risky to not have insurance for your small business LLC. Expensive out of pocket payments could result in not...
The expenses associated with founding a startup include office or store space, tools, equipment, inventory, utilities, advertising, and insurance. It may be tempting to want to skip the cost of insurance, but business insurance is essential for startups. ...
Running a business comes with its fair share of risks. From property damage to employee injuries, many unforeseen events can disrupt your operations and lead to financial losses. While most business owners fall prey to the optimism bias of 'it won't happen to me,'...
Business insurance exclusions are specific provisions within policies that outline risks or circumstances not covered. These exclusions define the limits of coverage and highlight excluded items, events, or situations. They encourage businesses to take preventive...
Commercial crime insurance, or business crime insurance, is designed to protect establishments from financial losses caused by crimes committed by employees or unknown individuals. Such losses are usually not covered by typical commercial property policies. You can...
While commercial insurance is designed to protect your organization’s financial security in certain adverse situations, premiums can get rather expensive. Business owners must purchase several policies to effectively protect their assets by reducing financial...
In business, unforeseen events and accidents can disrupt operations, leading to costly repairs, downtime, and financial losses. Breakdowns can be particularly devastating when it comes to the intricate machinery and equipment that power our industries. Whether you...
From destructive fires and severe storms to vandalism and theft, property damage is an unfortunate reality that can bring any business to its knees. Commercial property insurance deductibles play a crucial role in determining the financial responsibility of...
In the dynamic and unpredictable landscape of business, it is crucial to have a safety net that shields you from potential risks and ensures the continuity of your operations. Commercial all-risk insurance offers precisely that. As a business owner, you understand...
Business interruption insurance is a critical component of any organization's comprehensive risk management strategy. It offers a safety net in times of crisis, ensuring businesses can weather the storm and swiftly recover from unexpected disruptions. However, when...
As a business owner, it is important that you protect yourself from financial loss arising from unexpected circumstances and legal complications. Unfortunately, adhering to prescribed workplace standards and taking reasonable precautions cannot completely prevent...
When it comes to protecting your business and demonstrating your commitment to risk management, obtaining a Certificate of Liability Insurance (COI) is a vital step. A COI serves as proof that your business carries liability insurance coverage and provides essential...
You have purchased insurance to safeguard your belongings, diligently pay your premiums, and rely on your insurer to assist you if an unfortunate event occurs. However, what if your insurance company becomes insolvent or financially unstable? Does all your investment...
In the complex world of insurance, certain risks can exceed the boundaries of what standard insurance policies can cover. When faced with such high-risk scenarios, businesses often turn to the expertise of a specialized professional - surplus lines broker. But what...
What is an Insurance Binder? An insurance binder is a temporary document that serves as proof of insurance coverage for the business until a formal insurance policy is issued. It is typically provided by an insurance agent or company when a new policy is being...
Almost all of us faced a loss of business income during COVID due to disrupted supply chains and nosediving demand for products and services. Businesses found it hard to retain employees and pay utility bills and rent. But this was an extreme case. Loss of business...
Many small-business owners offer health insurance as a way to attract and retain employees. However, they must evaluate the small business health insurance cost for each employee to ensure it’s financially feasible for the business to provide this benefit. Determining...
As a painter who paints residential homes, commercial buildings, or both, insurance for your business can keep you protected. You can be wide open to liability, from scaling ladders to teetering in precarious spots on ceilings to covering employees. For example,...
Efficiency is the heartbeat of any successful small business. In a world where time is money and resources are precious, knowing how to increase work efficiency can make all the difference. When your team can accomplish more in less time, you not only improve...
As you're well aware, cybersecurity wasn't on people's minds 20 years ago, but today, cyber crimes and data breaches are all too real. Data breaches can become expensive and can deliver major headaches to everyone involved, whether it's a major government network, a...
QuickBooks Self-Employed, which you may access from a web browser or mobile app, helps track income, expenses, tax information, and more. You can sync your data on both web and mobile app for tasks like tracking mileage. But what if you're looking for different...
Company leaders face plenty of responsibility as they head up an organization. Turning a profit while balancing risk and opportunity can keep things stressful. Added to those challenges is the threat of legal action. Directors and officers (D&O) liability...
As a business owner, you know you need insurance, but the tricky part is knowing the type of insurance you need for your business. Do you need employer's liability insurance or a different type of insurance? What is employer's liability insurance, anyway? This article...