Whether you run a business from your home or from commercial real estate in downtown USA, business insurance is essential to protect the company. Without an adequate insurance policy in place, a single claim can leave a business in ruin. There are many types of business insurance policies that can be purchased, including general policies and a number intended for particular industries with unique liability concerns. Read the rest of this entry »
USA condominium and community associations need to purchase comprehensive insurance policies that will protect them in the event of property damage or injuries for which they are held liable. There are many facets to community association insurance policies. When they are purchasing insurance for physical structures, associations can choose different degrees of coverage. At one end of the spectrum is a “bare-wall” policy, which includes financial protection for common areas and the structure up to the walls of the individual units. At the other extreme is an “all-in” policy, which provides coverage for property that was installed in the units by builders or added by unit owners. Read the rest of this entry »
Purchasing an insurance policy, whether it is an umbrella policy, one designed to protect a homeowners’ association (HOA), or one that is intended to protect business interests, can be a time-consuming process. Before purchasing a business or homeowner’s policy, interested parties will need to choose a carrier, select a coverage limit and choose a policy deductible. With so many combinations from which to choose, businesses can spend a considerable amount of time selecting their policies, taking valuable time away from their regular operations. Read the rest of this entry »