5 Answers About Renters Insurance
Did you know that almost two-thirds of residential lessees in the United States don’t carry renters insurance according to the Independent Insurance Adjusters & Brokers of America (IIABA)? A renters policy is more important, accessible, and affordable than you might think. But renters are often unclear about what renters insurance is and what it covers. […]
Jet Ski Safety
Riding a jet ski is probably one of the most exciting things you can do on the water. But the truth of the matter is, many people don’t think before they hop on. Courtesy of safetyresource.org, here are some tips to help you safely enjoy one of summer’s most fun water activities: You need a life jacket. Use […]
What does Additional Insured mean?
The experience modification factor is a key component of your workers compensation premium. Understanding where this number comes from and how it is calculated is a very powerful tool to help contractors minimize their workers compensation premiums. The majority of states work with the NCCI (National Council on Compensation Insurance) for determining the calculation on […]
Homeowners Insurance: Replacement Cost Value vs. Actual Cash Value
Your home is protected by dwelling coverage (also called “Coverage A”). The amount of dwelling coverage is usually based on the cost to rebuild your home. Most standard policies cover your home at Replacement Cost Value (RCV). That means if your home is insured up to $250,000, then you may get up to that amount […]
Insuring Property Stored at Other Premises
Did you know that property stored somewhere other than at your office premises may not be covered by your property insurance policy? Be sure to keep your insurance broker advised if you move property. There are other situations which should also trigger a call to insurance provider: Warehousing Demo equipment at a client’s site (and […]
When Do You Need Boat Insurance
With warmer temperatures arriving earlier than usual, water season is well underway. Whether you’re out on your boat every day or just on weekends, boat insurance should be top of mind during the summer months — and even beyond. Boat Insurance on the Water Naturally, you want to protect you’re boat while you’re using it. […]
Workers Compensation and Fall Protection
One of the most frequent workers compensation claims associated with contractors is falls. Employees falling off of ladders, scaffolding, or even roofs is a serious issue and a single claim can dramatically affect your insurance premiums. Every company should have a Fall Protection Plan that addresses the use of conventional fall protection at a number […]
Pool Safety
Whether you have a luxury in-ground pool, or plan to blow up an inflatable kiddie pool, it is important to consider the safety implications. There are an estimated 7.4 million swimming pools and five million hot tubs in residential or public use in the United States, according to the Centers for Disease Control and Prevention (CDC). Furthermore, […]
5 Common General Liability Exclusions for Contractors
In most instances, the following claims are excluded on the general liability policy for contractors: Damage to your property. Employee injuries. Employment disputes. Damage to your vehicles. Professional mistakes. 1. Damage to Your Property Your employees are working late to finish a project, and a storm begins to brew outside. As they try and hurry […]
Insuring a Vacation Home
A vacation home can be a wonderful luxury and sometimes even a good investment, but there are some important factors to consider before making the leap into second-home ownership—such as insurance costs. Just like your primary home, you’ll need to insure your vacation home against burglary, fire, weather damage, liability and other risks. Because insurance […]
