Author Archive
What Does Business Insurance Cover?
Many business owners labor over the idea of getting business insurance, often feeling the expenses are too burdensome. But those who feel that way should rethink their decision and make having insurance an integral item in every budget. Business insurance is more than a luxury, it’s a necessity that can protect your business. Below are […]
Why Workers Compensation Insurance is Vital to Firearm Companies
If you run a business, you need to make sure that your employees are taken care of at all times. One of the ways that you can protect them is by purchasing workers’ compensation insurance that will cover them in the event of an accident on the job. This is especially true for businesses in […]
How Does Workers’ Compensation Work?
Should an employee get injured or ill while on the job, they’ll receive workers’ compensation to provide medical, disability, and lost time benefits. Some examples warranting workers’ comp include falling off a ladder and injuring one’s back, getting burned by a chemical spill, or losing one’s hearing due to repeated exposure to excessively loud noises […]
Premiums, Policy Limits, and Deductibles: What’s the Difference?
When you’re shopping for business insurance, three terms will often come up: premiums, policy limits, and deductibles. These three factors can impact how much you pay for your insurance and what your policy will cover—as such, understanding what they mean is essential to finding the right business insurance. Premiums An insurance premium is what you […]
Why Property Insurance is Vital for Businesses
You would do anything for your business, but some things are just out of your control. A storm, vandalism, or a robbery can cost you thousands of dollars in repairs. But with property insurance, you can get some peace-of-mind. Here’s how: Property insurances covers storm damage Your business is your livelihood and it needs protection. […]
Why You Need Business Insurance for Certain Contracts
Did you know that some business contracts require you to have business insurance? It’s true. From signing a lease for your new location to landing a big client, many other companies and entities will require you to have some form of insurance before they agree to do business with you. Read on to learn more: […]
4 Workplace Safety Tips for Firearm Retailers
Workplace safety is a top priority for all employers, but especially for firearm retailers. After all, firearms are weapons, and they bring with them their own risks. As such, firearm retailers need to create a safe workplace environment not only for their employees, but for their customers as well. Administer firearm safety training Whether you […]
4 Things to Consider Before Canceling Your Business Insurance
There may come a time when you ask yourself if you’re getting the most out of your business insurance. You may even start shopping around, comparing policies to determine if there’s a better one out there. Before you start writing up your cancelation letter, though, there are a few things to consider: Do you have […]
Occurrence vs. Claims-Made Insurance
You can divide most business insurance policies can between two types: occurrence and claims-made. Which type you choose impacts your reimbursement, your bill, as well as the lifecycle of your policy. The main difference between the two is that an occurrence policy steps in when an injury occurs anytime the policy is active. A claims-made […]
Additional Insured vs. Loss Payee
With many business insurance policies, there are additional insureds and loss payees. Both are third parties (either individuals or business entities) that can collect benefits from a policy, but what exactly is the difference between the two? Here we lay out everything you need to know about additional insureds and loss payees. Additional Insureds An […]