What Do You Do? Understand Your Property Preservation Insurance Needs

wooden house on the shore among the autumn trees
Is your Property Preservation business covered?

At its simplest, property preservation is simply what its name suggests, keeping buildings from disintegrating into health hazards or eyesores; the need for specific property preservation insurance for your business will depend on a few factors.

Determining your property preservation insurance needs requires asking about your usual or expected practices. Even if you don’t offer a particular service at this point in your business, if it’s a future prospect or something you’d like to eventually do, having property preservation insurance that covers you for that pursuit could be the help you need in getting those jobs.

Here are some basic practices that an insurance professional may ask about, to determine what type of property preservation business you have, or would like to have…

  • Lock changes. Securing properties is not always a feature of property preservation. Getting adequate coverage in your property preservation insurance policy means understanding all of your exposures.
  • Winterization. In certain climates, vacant properties need special attention when temperatures drop. If a point is missed, damages could arise–you want to be sure your property preservation insurance addresses all your practices and covers your liabilities.
  • Debris removal. This could be as simple as removing property left behind by tenants, or disposing of materials after a rehab or renovation. Whatever the circumstances, the agent managing your property preservation insurance should be informed of the type of debris removal you do.
  • REO (Real Estate Owned) Maintenance. Whether you own a small operation that contracts through a larger property preservation organization, or you are that larger entity that specializes in handling foreclosed properties, your property preservation insurance will likely need to meet certain requirements. Specifics from all parties involved are necessary, as well as full disclosure of your operations to your insurance professional.

Engaging in property preservation can be a lucrative business opportunity, and having the correct type and amount of property preservation insurance can be one of the deciding factors in your success. Transparency about current practices and future goals will help ensure that your property preservation insurance policy covers your risks and sets you up as a professional worthy of consideration for contracts.

Call us at 1-877-907-5267 to speak with an insurance professional who can guide you to the right coverages for your property preservation insurance needs.

Retail Store Insurance

Woman standing at cash register in retail store smiling at camera
Is your retail business covered?

A successful retail business has many financial factors to consider, and it might seem to an owner or manager as if retail store insurance is just another item on the budget to manage and keep as low as possible.

If you’ve been in the retail business long enough, you’ve learned that there’s a balance between spending and quality. Your customers know it–when a bargain is a real bargain or a situation where you’re getting the value you paid for–and you do, as well, when it comes to inventory.

But your risk management plan is an investment not unlike the one you make in the product you decide to sell; do you go with the lowest retail store insurance and hope you never need it? Or do you think in terms of the coverage and security it can provide, and pay what that is worth?

You need to be prudent with expenses, but you also have to be aware of the risks involved in the retail business and why you need good retail store insurance; even if you operate from your home, putting products out into the world opens you up to a series of liabilities. When you have a physical location where customers, vendors, employees or delivery personnel come in, your exposure is even greater.

In addition to General Liability coverage, which provides for injuries and damages to third parties, you may need Commercial Property insurance, to cover your premises and equipment, and Business Interruption coverage, in case of an event that disrupts your ability to operate. A solid retail store insurance policy should provide all of these. One option is to purchase a “BOP” or Business Owner’s Policy, which combines all of the above coverages into one policy.

When the foundation of a “BOP” is in place, you can add additional endorsements, depending on your store’s unique needs.

  • Workers Compensation. Do you have employees? Your retail store insurance should provide coverage for them–be familiar with your state’s laws concerning your responsibility to workers.
  • Commercial Auto. Do you use vehicles for delivery? Visiting vendors? Consider adding additional coverage for them to your retail store insurance.
  • Business Income from Dependent Properties. Do you rely on third parties for goods or services? Interdependency is standard in the retail business, but you can expand your retail store insurance to mitigate losses when those relationships have events that preclude you from continuing your business.

Consulting with an insurance professional who can guide you in the search for appropriate retail store insurance for your business isn’t wasted time if it helps you understand your store’s risks and the available answers.

Call us today at 1-877-907-5267 and let us help you find the solutions for your particular retail store insurance needs.

Publishing is Changing…But Your Need for Publishing Insurance Isn’t

Publishing team of 5 smiling to camera in an office
Is your publishing business properly insured?

 

The industry of publishing has changed, with the expansion of online options and self-publishing, but one thing remains the same; publishing of any sort can be a risky endeavor, and publishing insurance needs to cover some basic exposures, as well as your particular operation’s special liabilities.

Whether you own a building and operate presses, or conduct all of your publishing remotely, through third party suppliers, your publishing insurance needs to cover certain standards.

  • General Liability. This is the coverage that will provide for damages in case there are personal injuries or damages that occur, that are found to be your responsibility. It can include attorneys’ fees and court costs in case of lawsuits–an important consideration for publishing insurance.
  • Commercial Property. This provides coverage for your physical building (if you have one) as well as equipment.
  • Business Interruption Coverage. If an event temporarily halts production, your financial obligations may continue. This is an important aspect of publishing insurance that can keep you running.

These basic coverages can be combined into a “BOP” or Business Owner’s Policy, for a streamlined solution to acquiring the standard coverages for publishing insurance. However, publishers often face additional risks. You can enhance this primary plan by additional coverages, depending on your needs.

Do you have a board of directors? Consider Directors & Officers (or D&O) liability. Just a one-person show? You still might need Media Perils coverage, which could be helpful if a lawsuit arises because of material you’ve printed, or an Umbrella Policy, which would kick in for qualifying events if damages are found that exceed your regular General Liability coverage.

Dispersing knowledge is a powerful business, and whether you’re a large operation producing printed material, or an individual helping others get their writing to audiences online, the right type of publishing insurance in the right forms can help ensure that you continue to be part of an important endeavor.

Keep in mind that while managing costs may play an important role in what you’re able to do in your business, the publishing insurance you choose could turn out to be one of the best investments you make for your company–it could make the difference in case of an unforeseen event.

You need cost-effective publishing insurance, but you can’t afford to not have the right amount of coverage.

Call us today at 1-877-907-5267 or click here for free help to determine what type of publishing insurance is right for you.

Properly Insure Your Liquor Store

cashier holding liquor bottle toward camera standing by cash register
Is your liquor store properly insured?

Owning a liquor store means providing a product that is a large part of most celebrations, and it’s something that will never go out of style, but your potential risks are as big as your potential benefits–your liquor store insurance coverage should be a big consideration in your business planning.

As a business owner you choose the endeavors that will hopefully be the most rewarding, both financially and otherwise; you’ve probably given thought to your shop’s location, and the stock you’ll carry, and you probably know some of the basic risks. Deciding on the amount and type of liquor store insurance to purchase can feel almost like gambling; do you really need to take on more overhead in the form of bigger premiums? If it covers your general bases, like slips and falls, does your liquor store insurance really need to do more?

A good rule of thumb when comparing quotes for liquor store insurance–or any business insurance–to look at coverages in addition to costs. Many business owners looking for a streamlined solution opt for a “BOP” or Business Owner’s Policy.

It covers:

  • Business Interruption. This is a coverage that can help you meet your obligations in case an event occurs that temporarily sidelines your income.
  • Commercial Property. The building and equipment you use should be covered by a commercial property policy.
  • General Liability. This is a basic, foundational policy that can help with damages if you’re found liable for injury to a third party.

A BOP can give you a starting point for your liquor store insurance that you can build on as you grow. Other exposures to consider are…

  • Employee Dishonesty. It is possible to protect yourself through endorsements on your liquor store insurance from certain acts by employees.
  • Crime Insurance. It’s an unfortunate fact that liquor stores are often targeted for robberies; ask your insurance professional about coverage for your liquor store insurance that may cover costs in case of robbery.
  • Umbrella Coverage. The number of lawsuits brought against liquor stores should highlight the wisdom of considering additional coverage for your liquor store insurance policy; an umbrella policy extends the limits of your coverage in case it’s needed.

It may seem as if liquor store insurance is simply one more cost to take into account, and another expenditure that you can economize on, but consider how expensive a lawsuit can be, or what a loss to close your doors for good over an incident that could have been paid for with the correct coverage.

Call one of our specialists today at 844-255-8660 or click here for a quick, free quote on your liquor store insurance.

Insurance for a Laundromat

Neon sign on black background, red colored hanger with the word laundromat in blue underneath.
Is your laundromat covered?

Any livelihood that handles large amounts of customers’ personal property needs significant risk management; your laundromat insurance policy should be given close attention.

Your business is also based on optimally functioning equipment; whether you have ten units or one hundred, their welfare should be a big consideration in your laundromat insurance policy.

Details like whether your washers and dryers are coin operated, or if you offer dry cleaning services or delivery matter, as well; make sure that the professional helping you with your laundromat insurance understands the nuances involved with your business.

Other considerations for finding the best laundromat insurance policy…

  • Hours of operation. Are you open 24 hours a day?
  • Services. Are you strictly a coin-operated facility? Do you offer wash and fold services? Dry cleaning? Delivery?
  • Additional amenities. Do you provide coffee for customers? House vending machines?

Any business’s risk management plan should start with General Liability, a foundational plan that protects you against claims of physical damage or bodily injury; your laundromat insurance should be based on this coverage.

However, this isn’t where it should end. The building, your equipment, all of it needs to be insured to ensure that you can go on if an event damages the things you need to operate.

The bottom line is always an issue when it comes to running a business, and laundromats may be especially prone to cost consideration since their revenue can be unpredictable at times.

A good laundromat insurance policy isn’t simply one more cost; it’s a measure that could help keep your business afloat in case of an accident or event that would otherwise cost more than you can afford. The “pay now or later” mindset applies, when gambling that less coverage is better for your budget.

Affordable options for laundromat insurance exist, however, and a common tactic to simplify the insurance process is to combine coverages for business owners into packages. A “BOP” (Business Owner’s Policy) is one way to do this; Commercial Property coverage and Business Interruption insurance are put together with General Liability to form a coverage for business owners that can provide peace of mind with a reasonable plan.

Call one of our specialists today at 1-877-907-5267 or click here to find the best solution for your laundromat insurance needs.

The Right Insurance for Your Floral Shop

Person with long red hair wearing a smock, putting together a floral arrangement in a florist shop.
Is your floral shop covered?

The series of events that make up our lives–births, holidays, consolation over the loss of loved ones–are often accompanied by a gift of flowers. To own a floral shop is to provide the means to mark significant occasions; your floral shop insurance is more than your livelihood, it’s how you help humanity give gifts of beauty.

History has proven that sending or bringing flowers is a time-honored tradition, but modern business practices make it more and more challenging to keep a competitive edge in the floral business; your floral shop insurance needs to cover certain common exposures to keep you thriving.

Any business is susceptible to a host of risks, and your floral shop insurance should cover business insurance basics, as well as some of the more unique florists’ exposures. These could include…

  • Loss of inventory. Your entire operation depends on living things. A refrigeration malfunction or delayed shipment could have significant consequences if it’s not covered by your floral insurance policy.
  • Heavy vehicle use. If you deliver, your commercial auto policy is a big part of your floral shop insurance. Make sure it covers everything it can.
  • Client information. Repeat customers can be the lifeblood of a florist’s business; if you store client data, you may need protection in the event of a cyber loss. A cyber endorsement can be a good idea for your floral shop insurance policy.

The mainstay of any business should be a general liability policy; this protects you from claims from third parties involving physical injury or damages. Your floral shop insurance should provide coverage in case a claim arises. In addition, workers compensation may be necessary if you have employees, and commercial property insurance will protect your premises and equipment.

A choice often made by business owners is a Business Owner’s Policy (“BOP”) which combines General Liability and Commercial Property policies with Business Interruption coverage, which provides a way to cover some costs if an event happens that interferes with normal operations.

Call 1-877-907-5267 today to speak with one of our insurance specialists about your floral shop insurance policy.

Vending Machine Insurance

Japan vending machines - Tokyo woman buying drinks. Young student or female tourist choosing a snack or drink at vending machine at night in famous Harajuku district in Shibuya, Tokyo, Japan.
Is your vending machine business covered?

Operating vending machines can be a great way to own your own business with relatively little overhead and modest out of pocket start up costs…but don’t skimp on your vending machine insurance, or your lucrative dream could be short-lived.

Whether you’re already in operation, and need to re-examine your existing vending machine insurance, or you’re considering jumping into the vending world and want to make sure you have the right kind of coverage before you start, looking at the reasons vending machine insurance is necessary is a good way to prepare yourself for the process of getting the right quote.

Vending Machine Risks

  • Food Spoilage. Even if you’ve done everything right, the stock provided for your machines could make someone ill, or injure them. If your vending machine insurance policy covers food spoilage, this will help with damages.
  • Bodily Injury/Property Damage. If a third party is injured by a machine, physically, or your machine causes damage to the location, you’ll need to be sure you’re insured for that. A General Liability policy covers you in case of bodily injury or property damage.
  • Cyber Theft/Hacking. You might think, “Why would I need something like cyber liability?”, but if your machines take credit or debit cards, the potential for cyber theft of customer data might exist. The damages in situations like that can be considerable; ask your insurance professional if cyber liability is something your vending machine insurance should include.

These are only a few of the areas that need to be considered when planning the risk management strategy for your vending machine insurance. Speaking to a professional who is well acquainted with the exposures common to a vending machine business is crucial, and will help provide you with a strong foundation for your business.

Vending machine ownership and operation is a great way to fuel your entrepreneurial spirit–but the right vending machine insurance can be part of the plan that gives it a long healthy life.

Call us today at 1-877-907-5267 to check your vending machine insurance rates and get the best quote for your business.

Insurance for Your Nail Salon

Nail technician filing a client's nails in salon
Is your nail salon covered?

Your clients receive more than simple manicures and pedicures from you; providing an experience for them will establish your nail salon’s reputation, and the correct nail salon insurance will help you sustain that business.

Businesses like yours have singular risks; the right type of nail salon insurance could make all the difference in case there is an injury or accident in your salon. The highly personal nature of manicures and pedicures–services centered on a client’s appearance–sometimes means that the perception of the injury or damage can be intense.

You may never have to face a claim from an injured client, but in the event that it does occur, you want to be sure that the proper nail salon insurance coverage has been put into place.

A General Liability Policy covers damages from injury to clients or visitors to your salon. It’s a foundational coverage for businesses, either as a stand-alone policy or part of a “BOP”; a Business Owner’s Policy, which combines General Liability with Commercial Property Insurance and Business Income Insurance, two coverages which could be vital points in your nail salon insurance package.

Operating a nail salon takes a lot of your time, and the search for insurance can seem daunting if you’re not sure what to expect when you begin contacting providers for quotes. Don’t let that cause you to delay; knowing what kinds of questions to expect should help you be prepared, and will hopefully forestall some of the dread that can keep you from finding good rates before your current policy renews, or allowing your open date to arrive before you find the best possible nail salon insurance for your situation.

Here are some elements of the conversation you’ll have when you call for your nail salon insurance quote…

    • Do You Have Employees or Contractors? Employee status matters when it comes to your nail salon insurance. Do you have only contractors working for you? Full or part-time employees? Do you charge booth rent?
    • What Services Do You Offer? Only manicures and pedicures? Do you need coverage for things like massages or other aesthetic services in your nail salon insurance policy?
    • What Kind of Equipment Do You Use? Are you seeking a nail salon insurance policy that will cover chairs, implements, and possibly your company’s computers and client files in case of loss?

 

 

Your salon’s revenue, location, and whether you own or rent your building are also important considerations, but a quick and reasonably easy quote for nail salon insurance is only minutes away. Click here or call us today at 1-877-907-5267 to speak with one of our specialists about your nail salon insurance needs.

Understanding Handyman Insurance

Handyman installing smoke detector
Is your handyman business covered?

Small contracting and repair jobs can be a great way to augment your income, and it can also be a lucrative business–just don’t ignore the need for handyman insurance, no matter what the level or scope of work.

It may seem like overkill, buying an insurance policy if you’re only doing “odd jobs”, but entering homes and places of businesses puts you at risk, and any money saved by not insuring yourself against exposures could be dwarfed by court costs and/or damages if something goes wrong.

Things happen. An accident can occur anywhere, and happen to anyone. (That is, as they say, why they’re called accidents.) Even if nothing is directly caused by your actions, you may be called to prove that in a court of law, and having the ability to cover the costs of doing so (through handyman insurance) could be invaluable.

A handyman insurance policy can be as minimal or robust as you need it to be, and if you need to increase coverage as your business grows, you have that option.

Very few people enjoy price shopping insurance, and if you don’t know what to expect, the process can seem to be endless. When you call to inquire about handyman insurance, prepare to answer a few questions, such as…

What type of work are you doing? This can be a challenge because the very nature of the term “odd jobs” means that you do what’s necessary–you may not know ahead of time what a customer needs. Think of it in terms of what you won’t do. The question is meant to assess risk. Will you be doing things like roofing? Handyman insurance is meant to cover minor jobs, not exhaustive contracting.

How much do you make in a year? Or expect to make? Your insurance professional isn’t being nosy; annual income is key in determining your quote for handyman insurance.

Your physical location, years of experience, and whether you have employees or not are also things that might be asked. Again, these are all factors in pricing, and figure in to giving you a quote for handyman insurance that’s geared to your individual business.

Risk management is an art, and our business is helping you protect your business–and a business is what you have, no matter how small your scale of operations. Call us today at 1-877-907-5267 to get your quick, free quote for handyman insurance, or click here to start the process.

Inside or Outside? Finding Insurance for Your Painting Business

When searching for painting insurance for your business, you may find that you’re asked to be specific about the type of painting that you do.

This isn’t meant to be a limiting line of questioning; painting insurance is simply geared towards the type of painting being done, and as a painter, you know that interior and exterior painting can be very different pursuits…they also have very different risks.

Professional House Painter Painting the Trim And Shutters of A Home.
Is your painting business covered?

 

Exterior Painting. One example of the questions you’ll be asked as you seek out a quote for painting insurance for outdoor painting is, “How high up do you go?” It should be obvious that the reason for this is that you (or an employee) can fall as far down as you go up. Risk assessment is a big part of determining the extent of your needs, and the questions you’re asked are to determine the scope of your exposures.

Step ladder and painting tools in modern room. Apartment renovation background.

Interior Painting. Any contracting done inside a home or place of business poses unique risks, and interior painting is no exception. No matter what the skill level of a painter is, accidents happen, and the surroundings they happen in can make a big difference in the type of insurance coverage you require. Whether or not you engage in mostly residential or commercial interior painting will make a difference in the painting insurance that will best suit you.

The method of painting you utilize will come up, as well; whether or not you use brushes or spray guns has an impact on the type of coverage you need.

Certain aspects of painting insurance will be the same no matter what your specific process or whether you specialize in interior or exterior work. Some standard coverages include:

  • General Liability.
  • Workers Compensation.
  • Inland Marine.
  • Commercial Auto.

Talking to an experienced insurance professional who understands your business is key. Preparing for the questions you’ll be asked (“How many employees do you have?” “What are your annual gross receipts?”) will streamline the process and help you determine which plan fits your needs.

Call us today at 1-877-907-5267 for a painting insurance quote for your business, or click here for a free, quick, competitive quote.