Most drivers know that they need motor vehicle insurance. State laws usually require all drivers to carry liability coverage, at minimum. Still, what type of policy you need will depend on what type of vehicle you drive. Often, this might not be your average sedan, convertible or SUV.
Insurance agencies often recommend that you bundle home and auto insurance, but it’s not always that simple. There are a lot of different things to consider. While bundling your home and auto is usually cheaper, this isn’t always the case.
Whether you rent a room out, allow short-term rentals of your home, or rent your entire property out under a long-term lease, you need to be aware of the effects on your home insurance policy. Your policy may give you limited coverage, but your insurance won't apply to all situations.
If you choose to bundle your home and car insurance policies, then you can often reap several financial benefits. Besides just that, bundling might also help you when enrolling in further coverage. One additional policy that might enhance your bundle’s benefits is umbrella liability coverage.
As a small company, you may not think much about lawsuits or claims from customers. You work to provide a service or product to your customer and do your best at it. Yet, risk follows every company. Without general liability insurance, a small business is vulnerable to financial loss. In some cases, this can cause the folding of the company.
Today, business owners work with independent contractors to handle many of their specific needs. Yet, many also still use employees to handle tasks such as courier work or product delivery. When you have employees doing the work, you need to have insurance to protect those drivers and your assets.
As a business owner, you take responsibility for the environment of the operation, and the conduct within. You want a nice, safe, honest and secure business, to put it lightly. But, how can you respond if a dissatisfied customer has a bone to pick?
Contractors insurance typically covers contractors for on-the-job hazards. This means that they’re going to be covered should someone be injured in the course of their performing the job, or if there is damage to the client’s property.
One of the most commonly used part of a general liability insurance policy is bodily injury liability, which covers medical expenses for those who are injured on a business’ property. Not all injuries are covered, however.
Workers’ compensation is a valuable form of supplementary income. It can help those who get hurt and cannot work still have money in their pockets. Still, you’re likely going to have to look at local law to see if you qualify for this protection.
