Commercial real estate involves large financial investments and so as its owner, maximum protection for your property must be your priority. Buying the right insurance coverage helps you to avoid disastrous financial setbacks. To help you stay comprehensively protected, we have included the insurance coverages that you must consider having in your commercial real estate insurance. The Must-Have Coverages in
Almost every business has physical assets, and as a business owner, it is your responsibility to keep them protected against fire damage. This is because a fire incident not just damages your assets, but may also interrupt your business operations during repairs or renovations. This is where commercial property fire coverage can come to your rescue, saving your property and
One of the key components of a standard commercial general liability policy (CGL) is the contractual liability portion. This is because businesses and organizations are likely to be sued for breach of contract at some point in time. For instance, if a customer gets injured while inside or around your business premises and decides to sue for damages, someone will
A small business, whether with one commercial vehicle or a large fleet, needs auto insurance to stay covered against accidents and collisions. This is because a single mishap can lead to expensive claims and settlements that could deplete their finances. With commercial auto insurance in place, you can protect both your business vehicles and employees from accidents and resulting liabilities.
Accidents involving trailers while being towed by another vehicle are quite common and they cause extensive property damage and injuries when they collide with another vehicle or object. In such circumstances, the vehicle covered by business auto insurance protects the trailers too, but not in every situation/accident. Whether or not the insurance fully covers the trailers and resulting losses depends
What’s the difference between Professional Liability vs. Malpractice Insurance? These types of coverage deal with dissatisfied patients but in different ways. Why Do Healthcare Professionals Need Insurance? Healthcare professionals need insurance for these primary reasons: Meet legal obligations – Each state determines legal requirements for healthcare professionals licensed in the state. Pay for lawsuits – Doctors get sued by patients
As a business owner, you have to juggle multiple responsibilities on a regular basis, and you may find yourself in legal trouble at any moment. While obtaining commercial insurance is a great way to protect your business, it may not always be enough. Adding professional liability insurance is an option to consider. Here’s an overview of how Professional Liability Insurance
Owning a commercial property adds a significant asset to your portfolio. While you are in line to enjoy a major return on your investment, there are some potential risks to consider. To help you maximize your investment, here are some commercial property tips to consider. Implement a High-Level Tenant Screening System Choosing reliable tenants can prevent problems from happening in
When a business aims to cut costs, a key building block is developing a loyal team. The costs of recruiting and training can cut into profits if your company has a high turnover rate. Here’s a look at the benefits of employee retention and how it affects commercial insurance. What Is Employee Retention? Employee retention means hanging on to the
When you own a business, growth is a good thing. Growth can lead to many changes that might alter your insurance needs. The bigger your business gets, the more likely it will be that your insurance needs will be changing rapidly. Reviewing your policy every year is important to ensure that your business is always fully protected. Here are some