Consider Umbrella Insurance…For a Rainy Day

If you’re a responsible business owner who has done their research and purchased business insurance for every aspect of their business–Workers Compensation, General Liability, Commercial Auto–you may wonder what Umbrella Insurance is, and if you need it.

Excess Liability or Umbrella Liability Insurance is a coverage that’s intended to provide for instances when the limits of your foundational policies are exceeded. In the unhappy event of a lawsuit against you, if the legal fees exceed the provision of your General Liability policy, this is the addition that would help out.

It’s possible that if there’s one thing that outstrips the frustration business owners feel at having to pay regular premiums for insurance, it’s the fear that all of that insurance might be necessary one day.

If something could surmount that concern…it would be the worry that it wouldn’t cover all of it.

This is where Umbrella Liability Insurance comes in.

Several factors come into play when considering whether Umbrella Liability Insurance is a good investment for your particular business and where it can be most beneficial in your risk management plan.

  • Average cost of damages. Different fields have different risks; investigating your segment’s typical court case can help you identify the amount of coverage you need.
  • Necessity of staff. One response to unexpected cost, when underinsured, is for businesses to cut staff or expenses. If you run close to the line every month–or can’t afford to do without any of your team–the extra cost of an Umbrella policy could be well worth it.
  • Type, location, and size of business. All three of these will affect your need for umbrella insurance, and also the cost of it.

It’s important to note that Umbrella coverage is an extension of liability insurance, but there may be instances when there are limits. Nothing replaces speaking with a professional who can answer questions about your specific business and insurance needs.

Call us today at 1-877-907-5267 for help evaluating or creating your business’s risk management plan. Don’t wait until it’s too late–have enough insurance coverage before an event occurs.

Insurance for Booth Renters…Don’t Get Caught Without It!

Woman wearing gloves giving a client a manicure
Is your manicurist booth covered?

As a service professional who rents booth space–whether you’re a manicurist, hair stylist or another personal service provider–you may know that you need a General Liability insurance policy to cover your obligations to your salon or spa…but insurance for booth renters should protect the booth renter, as well.

Beyond the parameters of a General Liability policy (which covers “slip and fall” accidents where a third party is injured or suffers damages and is usually required by salons) insurance for booth renters can cover a multitude of professional exposures, and it can make the difference between an occurrence being a blip on your work radar or a career-ending event.

If you are considered an independent contractor, you have the responsibility for ensuring that your livelihood is protected. Business Interruption coverage, when added to a basic policy for insurance for booth renters, will help you meet your obligations in case something temporarily halts your ability to work.

In the beauty industry, your tools are your trade. If they should be damaged or stolen, it can cost more than you may have on hand to replace them. When insurance for booth renters includes Inland Marine, instances of damage or theft may be covered.

Professional Liability encompasses damages or injuries that occur due to the services you are performing. (Make sure you only perform services that you are licensed to give.) If a client is burned or hair is damaged, this is the coverage that would apply, if it falls under the parameters outlined.

Senior woman hairdresser holding a hair setting spray and a brush at salon. Hair stylist in a happy mood while at work in salon.
Is your stylist booth covered?

Worries about cost top the list of questions that hair stylists and manicurists have about insurance for booth renters, but keep in mind that insurance is something to have in place for unexpected events–no one wants to imagine negative occurrences, but accidents happen. Unforeseen events have unforeseen costs; the regular premium you pay for insurance for booth renters is an investment in the continuing success of your business.

Call 1-877-907-5267 today to speak with an insurance professional about insurance for booth renters–find the coverage that fits your business, and your current situation, and a plan for managing your risks as your clientele grows.

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.

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.

What’s the Worst that Could Happen? The Case for Carefully Considered General Contractor Insurance

Worker fallen from ladder, sprawled on back with tools and hard hat beside them.
Make sure your General Contracting business is covered, even if the worst happens.

As a general contractor, you probably have a knack for balancing the big picture while still paying attention to detail; when it comes time to consider your general contracting insurance policy, it’s a good idea to apply that same organizing eye to your company’s risk management strategy.

Like the spectrum of construction jobs out there, insurance can be seen in terms of scale.

Someone starting out who is trying to keep costs low may opt for a basics-only insurance policy geared towards general contractors. General Liability is a coverage that protects you in the event of injury or damage to a third-party; it’s a requirement from most entities when you enter into a contract, and you’ll want to be sure that your insurance provider can readily assist you if you need to add Additional Insureds to your policy, or provide Certificates of Insurance as proof of your coverage.

If you have employees, you’ll need to be familiar with your state’s laws concerning Workers Compensation, which provides health benefits to your employees for work-related injuries. It can also prevent you from being sued in the event of such injuries, and many states require it–even if you only have one worker, you need to understand your obligations and risks. Familiarize yourself with your state’s laws, and make sure the insurance professional you hire is knowledgeable and experienced.

These policies cover the most important aspects of your general contracting business, but think of your overall risk management plan in the same terms many people think of when it comes to construction. Cost is always a consideration, but relying on a patch job or minimal repair for too long can end up being more expensive in the long run, if the situation ultimately needs more attention.

Beyond basics, here are some additional coverages that are important to make sure your general contracting business leads a long, healthy life…

  • Inland Marine. Your tools are the mainstay of your general contracting business, and insuring them could mean the difference between losing and keeping a job, if they’re damaged or stolen.
  • Commercial Auto. Using vehicles in the course of your general contracting business means opening yourself up to risk, if they’re involved in an accident or stolen. Insuring them is another facet to protecting your business.
  • Property Insurance. This is important if you have a physical location, an office, and equipment kept there. General contracting is more than simply building; it’s organizing contracts, client info, and maintaining records. Protection for your data and off-site equipment can be as important as securing your tools and vehicles.

The worst case scenario answer to the question, “What’s the worst that could happen?” regarding an event with your general contracting business, is that while some occurrences are small, and could be paid off without putting a huge hole in your budget, there is always a good chance that being underinsured could mean being seriously underprepared for a major happening with the potential to put you out of business for good.

Not every business has the same risks, but you don’t want to rely on guesswork when it comes to your livelihood.

Don’t leave your insurance coverage at the level of a “patch job”; contact us today at 1-877-907-5267 to get help crafting a risk management plan to fit your general contracting business, or click here to start the process of getting a quick, free quote within minutes.

Your Coffee Shop Needs the Right Insurance…Just Like the World Needs Your Coffee Shop!

Two people wearing aprons smiling in a coffee shop.
Make sure your coffee shop is properly insured.

Coffee shop insurance could arguably be called one of the most important types of coverage, when you consider how essential coffee–and therefore, the shops that serve it–are to society.

All joking aside, while running a coffee shop can be lucrative, there’s also a big potential for failure, as there is with any new venture. Your risk management plan should be a big part of your overall business strategy, with your coffee shop insurance policy as the underpinning.

Whether you’re operating a mobile cart, kiosk, taking over an existing shop, starting your own shop from scratch, or simply trying to streamline costs by price shopping your current coffee shop insurance, understanding some of the types of coverages and why they’re important can help you get the best value for your money.

Here are some of the basic types of business insurance coverage and why they might need to be part of your coffee shop insurance plan…

  • General Liability. Most businesses need to be covered for injuries and damages to third parties that can occur during operations. Your coffee shop insurance needs this basic coverage to protect you against claims for bodily injury and property damage by a third party.
  • Business Interruption. Things happen. If an event or events should sideline your store’s operations, your coffee shop insurance policy should be part of the provision to keep things going. Employees and landlords still need to be paid, even when disaster strikes.
  • Commercial Property. Your building, equipment, furniture, computer system, files…the actual coffee and cups are only part of what makes your coffee shop a business, and your coffee shop insurance policy needs to protect as much as it can.

Some other factors to consider when calling for a quote for your coffee shop insurance…

  • Employees. You may or may not need Worker’s Compensation if you have part or full time employees.
  • Vehicles and Transportation. Do you use vehicles for delivery? You might need Commercial Auto insurance.
  • Food Spoilage Insurance. Do you need coverage in your coffee shop insurance policy in case there’s an incident resulting in a significant loss of inventory?

There’s no doubt that running a successful coffee shop is a challenge, but your contribution to helping the world wake up and get about the business of living is important. Your coffee shop insurance could make or break your effort to caffeinate lives…be sure it’s doing everything it should!

Call us today at 1-877-907-5267 to speak with a specialist about your coffee shop insurance, or click here to start your quick, free, competitive quote.