Do you have business insurance? Whether your small business just opened, or your company has run for over a decade, it’s important to check your policy. After all, when you work with clients, you need to make sure your business insurance policy is as updated as possible. If you’re not sure how a certificate of insurance affects your business, then it’s time to learn more about it. (more…)
Posts Tagged ‘ business insurance ’
As spring approaches, the weather changes. As unpredictable as the winter weather was, generally could count on it to be cold, and sometimes snowy and rainy. But high winds and pounding rains become more frequent as spring and summer approach. Flooding might be the furthest thing from your mind right now, but ask yourself, does your business insurance cover potential storm damage? (more…)
Now that we are in October, what could be scarier than Halloween? But for business owners, unpredictable fall weather could invite several nightmare scenarios that are reasonable real world fears. Is your business prepared for the next massive storm? Even smaller storms can knock down trees in your area. So when it comes to falling trees, do you have the business insurance coverage you need? (more…)
Everyone likes to think they are prepared for a natural disaster, whether it strikes at home or at work, but in reality most people are woefully underprepared. Thousands of business owners grapple with the aftermath of natural disasters every year in the United States and have to deal with being closed for weeks or months afterwards. Hurricane Matthew, for example, left over $10 billion worth of damages in its wake and permanently closed many businesses. How can you ensure that your business would survive a natural disaster? (more…)
If you own a business, then you know that there’s a certain amount of risk involved. While you’ve probably taken steps to make sure your business is safe, you may be one of many business owners who falls prey to these 4 commonly overlooked business risks. (more…)
Storms can often leave a trail of fallen trees behind. Not to mention that the upcoming winter snows tend to weigh down branches to the point of breaking. Fallen trees and broken branches can do considerable damage. What happens if a tree collapses into the side of your building? Your business insurance might cover it, depending on the policy. (more…)
Did you know that 40 percent of businesses do not reopen after a natural disaster?
The recent flood in Ellicott City absolutely devastated several of the town’s prominent establishments. The city had seen floods before, in 1972, 1952, and earlier. However, the flood of 2016 was designated by the National Weather Service as an “off-the-charts” thousand year rainfall. Many business owners who lost their businesses in the flood found that their flood insurance did not cover everything they thought it did. To make sure you’re prepared for the next flood, hurricane, or storm, follow these steps. (more…)
Do you have one insurance company for your car insurance, another for your homeowner’s insurance, and yet another for your business insurance? This can be a lot to juggle, and chances are you’ll get confused at some point along the way. Working with a single insurance company has its advantages. After switching all of your policies to one insurance company, you’ll feel a lot less stressed and a lot more in control. (more…)
The idea of starting a business is a daunting one to begin with. You have to make sure that you have a potential customer base and that you’ll be able to afford to keep the business running – moreover, you want to know that you’ll be profitable. It’s a gamble no matter which way you look at it, but if you’ve decided that you’re ready to run your own home based business, it can be the best decision you’ll ever make. One of the first things that you’ll need to focus on when you start your home based business is insurance. While your homeowner’s coverage is important to have, it won’t cover everything you need for your home based business.
Tips for Choosing Home Based Business Insurance
- Ask about premises liability – There’s a very distinct line when you use your home as a business. If a client comes in and is somehow injured while in your home, they can sue. They won’t be suing as a person in your home, though. They’ll be suing as a person who was at your place of business. You’ll need separate insurance for this than you would for just your home. It’s best to cover all of your bases to avoid problems down the line.
- Acquire business property insurance – If you have homeowner’s insurance, it’ll cover parts of your business in the event of a disaster. It won’t cover ALL of your business property expenses, though. Business property insurance will ensure that everything in your home that is used for your business is covered. If your equipment for your home business is expensive or hard to replace, you’ll want to make sure that all of it is covered.
- Business income insurance – If your home is damaged, you’ll need somewhere to continue to do business. A damaged home is enough of a problem without adding in the complication of figuring out where to come up with funds to get your business back up and running. Business income and extra expenses insurance will help you get your feet back underneath you while you work to rebuild.
Purchasing Business Insurance for an In Home Business
If you start an in-home business, the first thing you’ll want to do is talk to your agent. We’ll be able to advise you on exactly what you need in a policy, including professional liability, extra expenses, and more. When you’re ready to talk to your insurance provider, you can call us at 301.371.6335, visit our website, or drop by our Middletown, Maryland office to schedule a personal and informative appointment.