If you think you don’t need business insurance because you’re a self-employed consultant who works from home, you could be making an expensive mistake. That’s because even though you may not have a commercial workplace, your business could still be liable if someone is injured or incurs a loss as a result of your business activities. Reasons You May Need …
Should I Have Business Interruption Insurance
Business interruption insurance can compensate you for lost revenue if your business cannot operate because of disaster or other event that forces you to temporarily close your business. For example, you may have a manufacturing business that is forced to shut down because the company that makes the raw materials you use has shut down and cannot deliver the supplies …
What Does Homeowners Insurance Cover?
If you own a home, you will most likely need homeowners insurance. In fact, unless your house is paid off and you own it free and clear, you are probably required to have homeowners insurance at all times. To make sure you maintain the coverage you need, most mortgage companies add the cost of your homeowners insurance to your monthly …
How to Choose Workers Comp Insurance For Your Business
Workers compensation coverage, often called Workers Comp, is insurance that covers the cost of medical care and lost wages for any of your employees who suffer a work-related injury or illness. If you own a business and employ workers, you’ll probably need to purchase workers comp insurance to meet regulations in your state. Requirements vary by state and most states …
What is Business General Liability Insurance?
Business general liability insurance, also known as commercial general liability (CGL) insurances, provides your business protection from claims against you for personal injury that occurs on your business property, or at other locations by your vehicles, equipment, employees or other business operations. What Does Commercial General Liability Insurance Cover? Here are some of the damages that are covered by most …
Should I Have An Umbrella Insurance Policy?
You might think you have all the insurance you need because you have an auto insurance policy and you have your house and possessions covered by homeowners insurance. But given how hard you’ve worked to get you house and cars, you may want to get additional protection ion the form of an umbrella policy. Simply put, umbrella insurance is additional …
What Kind Of Insurance Do I Need For My Business?
If you have a small- or medium-sized business, you might look at the amount you spend on insurance and wonder if you have purchased coverage you really don’t need. You might be tempted to cut back on the insurance you have to save some money every year. But before you make that decision, take some time to fully evaluate your …
Do I Need Employment Practices Liability Insurance for My Business?
If the thought of paying for another insurance policy leaves you wondering if you need employment practices liability insurance (EPLI), consider this: A 2017 study by Hiscox, says that companies in the USA have at least a 10.5 percent chance of having an employment charge filed against them. The odds of having charges filed are higher in some states, with …
Can I Protect My Business Against Sexual Harassment?
If you’ve seen news stories recently about corporations that have had to make large payments to settle sexual harassment claims against employees, you may be wondering how your business could be affected. Most news coverage has been about sexual harassment at large corporations, such as Amazon, Bank of America and Uber. But the fact is that if you own a …