Homeowners' insurance provides protection for your home, belongings and the people inside. But it is important to make sure your policy protects you from major problems you might encounter. According to the Insurance Information Institute, here at the most common home insurance claims listed (from the most claims to the least):
There are many online sites today where you can purchase insurance with just the click of a cursor. And while the rates may seem to be low and the convenience of a quick purchase is available, you could be making a serious mistake missing out the coverage you truly need. In a study conducted by InsightExpress and The Hanover Insurance Company, 60% of consumers who purchased insurance directly online within the last 10 years have switched back to using an Independent Agent to help them obtain their insurance coverage.
Many times a homeowner will be confused as to what repairs are covered under a homeowners' policy and what is not. This can be further complicated if the homeowner happens to own a home warranty policy.
Statistics show that U.S. homeownership is at its lowest point in 51 years. According to the U.S. Census Bureau, homeownership peaked at 69% in 2004, but is now at 62.9% in the second quarter of last year. That means more people are renting. But only 40% of renters have insurance protection versus 95% of homeowners who have home insurance.
All business owners in Florida need solid, affordable insurance, and many companies require multiple types. But what happens when something goes wrong and your insurance doesn't cover it? If the cost to pay for injury to others exceeds your policy limits, or worse, is excluded by the insurance policies you have, you could be stuck with potentially crippling out-of-pocket costs.
If you're planning a special event, whether it is a personal function such as a wedding, anniversary or graduation party, or if it is a business event, such as a festival, tradeshow, or farmers market, J.P. Perry Insurance recommends you protect yourself with a special event liability insurance policy. This policy, also referred to as Commercial General Liability or Spectator Liability, covers short-term private and public events against bodily injury and property damage claims. In most cases, you are able to purchase two types of coverage to protect your special event - liability coverage and cancellation coverage.
Every business needs to have a crisis management plan in case an emergency occurs at the workplace. Part of that plan needs to incorporate an insurance recovery strategy. A detailed written plan on handling insurance claims needs to part of your crisis management program. While you will have to determine the chain of command for any emergency action, you need to make sure appropriate personnel are well versed and trained on carrying out claims.
Even though companies are still being impacted by the affects of COVID, there is a critical need for assistance with business insurance coverage. With today's issues, such as a change in auto insurance with customers driving fewer miles or adjustments in workers' compensation due to unemployment during the pandemic, business owners need immediate access to the guidance and recommendations of commercial insurance professionals.
As a business owner, you most likely have access to a professional insurance agency like J. P. Perry Insurance, who can help guide you through the complex risks that can occur during the operations of your company. But did you ever think that maybe your employees don't have the resources of a professional firm who can help them find protection for their family and their assets at rates they can afford?
If you're a small business owner, chances are the pandemic has been especially tough on you and your family. You may have had to change your business model, lay off employees or worse, close up shop indefinitely. But what about your employees? If you're a small business owner looking to support your staff through the pandemic, here's what you need to know.
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