Insurance is crucial in safeguarding your business, shielding your assets, liabilities, and overall financial stability. However, several prevalent myths can lead business owners astray, potentially leaving them vulnerable to unforeseen circumstances. This blog will debunk 7 common commercial insurance myths, shedding light on the importance of making informed decisions to ensure your business’s resilience. Myth 1: Your Home Insurance Policy
Many entrepreneurs dream of growing their businesses, but without the proper knowledge and strategies, you may encounter obstacles. Scaling a business requires careful planning and execution. As a business owner, it is essential for you to have complete information on business strategies to make informed decision. Continue reading to explore five essential things you need to know to scale your business
Are you in your 50s and contemplating a new venture? Starting a small business at this stage in life can be an exciting and fulfilling endeavor. With the wealth of experience and knowledge you have accumulated, you are in a prime position to embark on a new entrepreneurial journey. Continue reading this article to explore five well-suited small businesses for
Risks in small businesses are common, usually combated with suitable insurance coverage. Business professionals need professional liability insurance policies to protect themselves and their businesses against several accountabilities. If you are a professional offering consultation services or representing clients’ interests, you should have a professional liability insurance policy. Professionals needing this policy include engineers, accountants, consultants, physical therapists, real estate
It is compulsory to have auto insurance in almost all the states in the USA. When using vehicles for a company’s operations, you will need commercial auto insurance. But some people make mistakes when buying auto insurance. Enlisted below are some of the most common commercial auto insurance mistakes to avoid: Focusing Only On the Cost Premium amounts change from
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