There are a lot of risks and responsibilities associated with operating a business. Managing these risks daily can become stressful. You also have to consider the threat of an emergency. Interruptions in business can cause significant problems to your financial bottom line, which is why you must consider the benefits of business interruption coverage.
Business interruption insurance helps protect your business during a disaster by covering your operational expenses. Your business is covered if you have trouble paying a loan, your inventory, rent, or taxes. Business interruption coverage also helps you manage payroll while your finances are uncertain. The policy […]
When parents think about securing life insurance, many assume that only the family breadwinner needs coverage. However, this overlooks all the value that stay-at-home parents provide for their families.
Here are some of the many reasons why stay-at-home parents need life insurance too.
To Cover All the Services They Provide
Just because stay-at-home parents do not bring home a paycheck doesn’t mean that they don’t contribute. Stay-at-home parents wear many hats, including caretaker, cook, housekeeper, chauffeur, and so on. If […]
The standard types of commercial insurance include property, liability, and workers’ compensation. However, other types of small business insurance options are available.
A business insurance policy is required by U.S. law if you have staff because it protects your business in times of trouble. There are stipulated coverages but based on your particular circumstances, you may need additional specialized coverages.
Different Types of Commercial Insurance
The seven types of commercial business insurance are identified below:
General Liability Insurance – All small businesses require a liability insurance policy. Liability insurance covers you if a product you provided, or service […]
Generally, an insurance rider is an optional add-on to an insurance policy. It is also called a floater or an endorsement. A homeowners insurance rider amends a basic policy, allows you to increase your coverage limits, expand coverage for certain property, or extends protection to help cover additional risks. A rider serves an expanded purpose to secure your home based on your identified circumstance.
Why the Need for a Homeowners Insurance Rider?
A typical homeowners insurance policy comes with a set of standard protections like dwelling coverage, other structures coverage, personal property coverage, and personal liability coverage […]