Imagine the following costly scenarios: One of your staff embezzles $80,000 from your company. A visitor to your office slips and falls after the floor has been mopped, breaking his leg. There’s a fire in your warehouse that damages half of your $2 million inventory. As a small business owner, you would likely be reeling…Read more
Commercial Insurance Rates Continue Climbing
Despite the ongoing COVID-19 pandemic, commercial insurance rates are continuing to move higher, pretty much across the board with the exception of workers’ compensation. A new report by online insurance exchange MarketScout found that in the third quarter of the year the highest rate increases were in liability lines, but hefty rises in property insurance…Read more
Drone Insurance
Thinking about using a drone for your business and expect your company’s general liability policy to cover any accidents and damage it may cause? Better read the policy. Most general liability policies contain a broad exclusion that applies to aircraft (as well as autos and watercraft). The exclusion eliminates coverage for any bodily injury or…Read more
General Liability Insurance is Not Enough
At some point, most businesses are involved in some type of legal dispute, be it over an alleged physical or property damage to a third party or financial injury to a competitor, client or vendor. And you’d surely want an insurance backstop in case you are targeted, to help pay for legal costs and any…Read more
General Liability vs. Professional Liability Insurance
A consultant recommends that a client purchase and implement software to automate certain manufacturing processes. An update to the software causes it to crash repeatedly, forcing the client to shut down its production lines for 10 days until a fix is available. The client sues the consultant for giving bad advice. A new commercial building…Read more
Insurance for Tattoo & Body Piercing Parlors
Richmond, Virginia loves ink! Richmond has the 3rd most tattooed residents in the U.S. next to only Las Vegas and Miami. The last thing on most people’s mind when selecting a tattoo is insurance but before applying permanent ink, make sure the tattoo parlor and artist have insurance. Insurance Coverage General Liability Professional Liability Property…Read more
Insurance for CrossFit Health Clubs and Yoga Studios
With the holidays approaching, it is a great time to think about personal fitness and health. According to WebMD, most Americans never lose the weight they gain during the winter holidays. Even if this is just a pound or so every year, those add up over time. Sure, joining a gym is easy enough, but…Read more