With the aftermath of the pandemic, many companies are contemplating having their employees continue to work remotely. But also in the aftermath, there are many people, particularly entrepreneurs, who have decided to run their entire business from their homes. As they do remote work, they often mistakenly believe that their homeowner's insurance will also protect their business. There is a good chance that a homeowner's policy won't include protection for business property, including technology, files and professional equipment. Plus, if the home insurer isn't aware of their home business, this could nullify their homeowner's personal liability coverage.
Instead of booking flights, dealing with rental cars and reserving hotel rooms, especially with the unknown easing of COVID restrictions, this summer many people are thinking of hitting the road in a recreational vehicle for their vacation. So if you are taking to the road you need to know that Florida law requires insurance on any motorized RV you drive. There are no insurance requirements for trailers that are towed behind your vehicle.
So since an RV is both a home and a vehicle, the question arises - is it covered under your homeowner's policy or under your auto policy? Unfortunately, there is no a simple answer and both policies can come into play, at least with partial coverage.
While you have probably been busy spending your time with spring cleaning, now is also the time to look into your insurance protection for the summer months. From vacation homes to recreational vehicles you need to make sure you and your family are insured for the increased risks that come with summertime activities. Here is a brief list of some of the personal property items you should consider in order to be fully protected.
Having water where it's not supposed to be can be one of the biggest threats to your home. Water damage can be caused by many things, including faulty plumbing, leaking appliances, or just bad weather.
Having water where it's not supposed to be can be one of the biggest threats to your home. Water damage can be caused by many things, including faulty plumbing, leaking appliances, or just bad weather.
Commercial umbrella insurance is all about extending different types of liability coverage. In this day and age, getting sued is a real risk, and we can't always predict the many ways things could go wrong during the course of day-to-day business operations. And when large settlements, sometimes in the millions of dollars are becoming more and more common, it's increasingly possible that your company could get hit with a judgment that your primary liability policy can't handle. That means that if you're held responsible and owe 2 million dollars, but your insurance policy maxes out at 1.5 million, well, you're on the hook for a whole lot of money, which you may not be able to afford without putting your business and other assets on the line.
Whether you are starting a new business or run an existing business, you will always be subject to a certain amount of risks, such as workplace accidents, fires, floods, theft or product liability, just to mention a few. Having the right kinds of business insurance will help reduce these risks, but at the same time, insurance companies expect you to do your part in reducing your liability in the work environment.
When starting a new business, one of the first and most important actions to take is to protect your company and your assets. The way to do that is to obtain the most important type of insurance for a startup which is liability insurance. It covers legal costs if your business is sued. Depending on the type of business you have, particularly if you deal with the public, such as in childcare, cosmetics or food service, you could have a high risk. But there are also other types of insurance coverage you need to consider to handle other possible risks, whether you are a startup or an existing small business. The following is a list of coverages that address various aspects of exposures involving a small business.
Everyone is always looking for ways to reduce the cost of their auto insurance. That can be difficult due to the rising cost of vehicles, the increased amount of litigation and the need for families to have additional cars for their children. But there are strategies you can consider to reduce your insurance rates, especially if you get help from your agent at J.P. Perry Insurance. Here is a list of cost cutting tips when shopping for auto insurance.
Throughout your lifetime, you will need to have insurance coverage to protect the things that are valuable to you. Your first experience with insurance coverage probably came when you purchased your first car.
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