If you conduct business in your home, insuring your business properly is part of a solid risk management plan. Protect Your Livelihood and Your Home Just because you operate a business in your home doesn’t mean your exposures are covered—purchasing the right insurance coverage today may be the difference between success and failure. A homeowners …
Independent contractors often run substantially smaller operations than large or specialty contracting firms. As a result, the principal operator might feel that they need substantially lower commercial insurance benefits. On one hand, this is true, because smaller businesses often need lower amounts of insurance coverage. However, they still need as diverse a set of benefits …
Continue reading “The Basic Insurance Needs of Independent Contractors”
When putting together your business’s liability insurance portfolio, you will need both foundational coverage and expanded benefits that are customized to your particular operation. To get their benefits started, most business owners purchase commercial general liability (CGL) insurance, which is foundational coverage, and which can be augmented by additional, separate liability policies. Let’s take a …
Continue reading “Common Losses Covered by Liability Insurance”
When running a business, operating margins are one of the most critical factors that determine your financial performance. Although insurance is usually inexpensive, many business owners make the mistake of assuming that they can go without coverage in an effort to reduce costs. After all, insurance can seem like just another bill that reduces your …
Continue reading “The Dangers of Going Without Liability Insurance”
Professionals have advanced skills and knowledge that are lacking in non-professionals. However, their years of training do not guarantee that human errors will not happen. They are legally responsible for any harm that comes to their clients. It is recommended that all types of professionals consider getting professional liability coverage. Mental Health Professionals Mental health …
Continue reading “Who Needs Professional Liability Insurance?”
Liability insurance means what it implies. It is coverage when a person and/or business is legally liable for some action or activity. It also provides coverage when liability may or may not exist but some third party is asserting a claim. When consumers think about liability insurance, they normally consider it part and parcel of …
Continue reading “The Importance Of General Liability Insurance”
General Liability Insurance: This is an insurance policy for businesses who need to protect their assets against various legal claims. This type of policy is often bundled with property insurance in a business owner’s policy, or BOP. However, self-employed independent contractors will often obtain this policy separately from property insurance. This coverage will protect the …
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