Monthly Archive November 30, 2020

Contractors Insurance

The Advantages of Contractors Insurance

If you own a business, there is always the possibility of incurring devastating financial debts from work-related accidents. Because of this, it is vital that you adequately protect your business. This is where contractors insurance comes in.

What is Covered by Contractors Insurance?

This type of insurance generally covers business liability exposures. Examples of these are injuries or damage to someone’s property caused by your business. Additionally, contractors insurance can provide coverage for your business’s vehicles and your employees.

Who Needs Contractors Insurance?

If you are a contractor, a subcontractor, or an independent tradesman, you need contractors insurance. Not only does contractors insurance provide protection for your business, but it also is often required by employers before you can start working for them. Some of the trades that need contractors insurance are:

  • Construction
  • Plumber
  • Carpenter
  • Electrician
  • Landscaper
  • Painter
  • Handyman
  • Pressure Washer

What is The Cost of Contractors Insurance?

Contractors insurance generally doesn’t have a set price that applies across the board. Rates can differ depending on a variety of different things. The biggest deciding factor in the cost is the amount of risk you are exposed to. For example, someone that works on high-up roofs will have to pay more than someone who is an HVAC technician.

Running a business can be hard and risky. Having the right kind of contractors insurance can make all the difference.

Brokers and Agents

Professional Insurance for Brokers and Agents

When you work in the insurance industry, you occupy a position of trust, just like in other financial services. Like those other financial professions, the decision-makers who ultimately take responsibility for the coverage paperwork by writing policies and closing deals wind up taking risks because of the liabilities they take on with regard to their clients. Insurance agent E&O is a bit different from what you’d see in the real estate or stock investment communities, but it does cover a wide range of similar mistakes and omissions, and it does provide similar protection against financial losses associated with liability for a client’s losses due to mistakes or intentional omissions.

What Exactly Does an Insurance E&O Policy Cover?

Confidentiality and information handling regulations are more stringent than ever, so modern E&O policies include provisions that cover you in the event of HIPAA violations, as well as longer-standing issues like insolvency, coverage for actions undertaken by independent contractors working on your behalf, and other common industry risks. That includes innocent insured coverage, too. For more specifics, you really need to talk to an agent who specializes in quoting E&O policies to other insurance professionals, because the exact coverage and cost is determined by your business risk profile, and as you know, that’s something it takes time to work up because it’s different for every business every year.

Operating a Cemetery

The Unique Risks of Operating a Cemetery

Operating a cemetery is a very practical decision. Death is a part of life and the funeral industry is one that sees consistent business. Naturally, there are also many unique risks that come along with running this type of establishment. In order to provide exceptional service to individuals who are already going through a difficult experience, you need to make sure all of your bases are covered with your insurance plan. Explore these tips to get a better feel for what to expect.

Insurance That Meets Your Needs

There are a few factors to consider when looking into cemetery coverage. For one, you need to think about the specific risks that you encounter on a routine basis. Some graveyards are the targets of individuals with nothing better to do, meaning gravestones and other memorial markers might be vandalized or damaged. Should this happen, handling the costs of the damage may fall on you. Additionally, the region in which your cemetery is located should be taken into account. The weather and climate can create risks that need to be addressed. Other points to remember include:

  • Wildlife and invasive species
  • Coverage for crematories
  • Industry-specific options like MemorialPro

Provide Yourself Peace of Mind

By taking out comprehensive insurance for your business, you can do what’s best for your future and your clients. Take time to research the basics and understand what will help your cemetery stay protected.

BOP Insurance Policies

Why Small Business Owners Are Choosing BOP Insurance Policies

One thing that every small business owner learns right away is that all businesses need insurance. One costly setback or major expense can mean serious problems if not covered by the appropriate policy. One way that business owners choose to protect themselves from a variety of costly scenarios is by selecting a business owners’ package.

What’s in the Box?

When you opt for BOP insurance coverage, you can rest assured that your business is protected under a wide variety of circumstances, because you know that you’re getting all of the insurance you need in one place and at one time. Rather than having to shop around and cobble together the policies needed to protect their investment, busy entrepreneurs can choose a single bundle under one premium and move on to turn their attention to the things that they’re passionate about.

Got Coverage?

Did a customer slip in your store, and decide to sue? Your general liability insurance can cover that as part of your BOP insurance policy. Did a freak hailstorm damage your storefront? Property insurance is included too, along with business interruption insurance if you have to close for a time.

The benefit of BOP insurance is allowing hardworking business owners to breathe easier at the end of the day, knowing that these packages of policies are protecting them if something goes wrong.