Business insurance is crucial in the current economic climate. In case we get sick or hurt, we have health insurance. We have auto insurance to protect us in case of a collision and allow us to drive legally. There is no exception for businesses. The proper types of company insurance coverage are necessary if you operate a business in order to safeguard it. Common misconceptions about company insurance are dispelled as follows:
Only Large Businesses Are Sued
Even in our litigious culture, many people are aware that going after a big business in court is frequently a bad idea. They have the financial wherewithal to wait out a plaintiff, tying up the matter in court as their in-house attorney refuses to move.
Forty percent of all small firms, according to the Small Business Administration (SBA), are thought to be involved in litigation every year. Therefore, it is highly possible that you will have faced legal action by the time you have been in operation for three years.
Insurance Is Not Necessary For Small Businesses
Simply said, this claim is untrue. In this litigious environment, any size of company can be sued. Every year, numerous small firms get into legal disputes.
The size of your business property, the number of employees you have, or even your revenue are not factors in business insurance. It needs to be based on the risk exposure that your company faces. The correct insurance coverage can assist in protecting your business from catastrophe, regardless of the risk, which may include fire, theft, liability for injuries, or a lawsuit based on a service or product your firm delivered.
My Home-Based Business Is Covered By Homeowners Insurance
It's crucial to understand that your homes insurance won't offer enough protection for your home-based business if you're self-employed and operate from home. According to the Insurance Information Institute, the median homeowner’s policy only covers business equipment up to $2,500. (III). This might not be sufficient to cover all of your commercial property. Additionally, a homeowner’s policy won't offer liability or lost income coverage, which you could require. Your alternatives for home-based business insurance can include:
BOP: This sort of insurance is intended for small to medium-sized businesses. If your home-based business has multiple locations, it is a wise decision. On a far larger scale than an in-home business policy, a typical BOP will cover business property and equipment, liabilities, lost income, and other expenses.
The Cost of Business Insurance Is Expensive
Although it is not free, business insurance is required to run a business. Cutting costs in a way that puts your company in danger is not a cost-effective strategy. Every day, several small businesses are sued for various reasons. Your company's size, location, and the kinds of services or goods you offer will all affect how much your business insurance will cost.
Call our team for a free review.
Halloween is over and that means we are in the middle of the holiday season. During the next 45 days, we will all be busy shopping, eating out, and traveling. Thieves know that the police are overloaded during the holiday season, and they take full advantage it. Burglars know that there are many expensive items in homes and cars during the holidays.
Your home or renter’s insurance will provide coverage for theft or loss if you have the coverage. Now would be a good time to call us for a free personal insurance review. Whether you are holiday shopping at the mall, online, or a little of both, keeping yourself and your personal information safe is important. Here are a few holiday shopping safety tips:
Holiday Shopping Safety
Always be aware of your surroundings.
Lock your shopping bags in your trunk.
Never allow children to make unaccompanied trips to the restroom.
Never leave car doors unlocked or windows open.
Always park in lighted areas. DO NOT park in remote areas.
Shop with a friend.
Teach your child to go to a store clerk and ask for help in case your child is separated from you.
Avoid wearing expensive jewelry.
Keep receipts in your wallet or purse.
Avoid carrying large amounts of cash.
As you return to your car, make sure to keep your car key in your hand.
We work to ensure that your personal insurance provides the protection you deserve and need. We understand you may need different coverage like a personal umbrella, RV insurance, valuable articles coverage, earthquake, or flood coverage.
Over the years, we have found that homeowners who adhere to the following strategies have a better chance of obtaining the best possible combination of coverage, price, and service.
Our trusted insurance professionals are here to help you with every step of the insurance process and can design a personal or commercial insurance policy to fit your needs. One of the insurance professionals will work closely with you to ensure that you receive individualized attention you deserve.
We recognize that the numerous alternatives for auto coverage can be perplexing. Speak with a licensed specialist and we will assist you in obtaining the most accurate and economic Auto coverage for your specific needs. Everyone's auto coverage requirements are unique, and we can compare hundreds of insurance companies and options to get the best coverage for you and your family.
Here are some fundamentals to help you comprehend the many components of auto insurance. Auto insurance protects you against financial loss in the case of an accident and is made up of the following broad coverage categories:
Liability insurance compensates you for your legal duty to others for bodily harm or property damage.
Medical coverage (Personal Injury Protection) pays for injuries, rehabilitation, and occasionally lost wages, as well as a death benefit and funeral expenses.
Property coverage compensates you for vehicle damage or theft.
Each policy will give some thought to the following coverages:
These Fireplace Safety Tips Brought To You By RG Insurance ~ A Strong Company
The past few months have been very cold for some parts of our country, and that means higher than normal heating bills. Many people turn to wood as a source of heat. If you use a fireplace or wood stove to heat your home, there are a few safety risks of which to be aware.
To help you avoid the risk of a chimney fire, here are ten tips for wood-burning fireplace maintenance courtesy of the DIY Network:
1. Have your wood burning fireplace inspected and cleaned by a professional chimney sweep at least once a year and more often if creosote builds up on the chimney walls rapidly. Depending on where you live, this can cost anywhere from $100 to $200.
2. Between professional inspections and cleanings, monitor your wood burning fireplace for signs of buildup or other problems.
3. Your chimney has a cap with open sides usually covered with mesh to keep rain, birds, squirrels, other animals, and debris from entering the chimney. The cap should be inspected regularly and replaced when necessary.
4. Check the interior of your wood burning fireplace’s chimney for creosote buildup.
5. Also watch for soot buildup in the chimney of your wood burning fireplace. Soot is softer than creosote, flammable, and should be cleaned out of the chimney regularly.
6.If possible, burn hardwoods like maple, oak, ash, and birch. The advantages of hardwoods are that they burn hot and long, have less pitch and sap, and tend to cause less creosote buildup. On the other hand, they generally are more expensive than softwoods.
7. Anytime there is smoke indoors from your wood burning fireplace, troubleshoot and immediately correct any problems that you find. Possible causes of smoke are a dirty chimney with creosote or soot buildup, other debris in the chimney, a damper that isn’t open or is only partly open, or wood that is not burning completely.
8. To ensure wood burning fireplace safety, consider installing a stainless steel liner that will withstand even the highest temperatures and will keep the fire and its embers contained.
9. To improve your wood burning fireplace’s efficiency, consider installing heat-proof glass doors to protect against heat loss and a fan or blower to direct the heat into the room. Doors are also a safety feature, since they can keep live embers from escaping the fireplace into the interior of the home. Glass doors should be cleaned regularly with a paper towel and glass fireplace door cleaner.
10. Clean your wood burning fireplace’s interior, including its floor, regularly. Sweep out or vacuum up cold ashes. Wear a dust mask and gloves when cleaning the fireplace.
What are multi-policy discounts?
Everyone who owns an automobile or home has the opportunity to save money. Insurance companies will offer you discounts if you place your home and auto insurance with them because insurance companies want your business. These discounts may also apply to your motorcycle, boat, RV, and even your personal umbrella policy.
There are advantages to have all your personal insurance through one insurance company. These advantages include premium savings, saving you time, a better way to manage your insurance and having just one agent to oversee your insurance program.
Multi-policy discounts will vary depending on the insurance company. Usually we see discounts ranging from 5% up to 20%. Bundling your insurance can offer the convenience of a single bill and easier claims handling when you need it.
Things to remember about multi-policy discounts
Whether you are single or have a family, you can take advantage of multi-car discounts.
Use an independent agent to search the market for your best options.
Bad driving habits will raise your premiums, so be sure to keep a clean record.
Remember to insure your boat, RV and motorcycle as well.
Most major insurance carriers have policies and discounts readily available for people living together.