business insurance Archives - Udell Family Insurance

How Commercial Property Insurance Protects Business Owners

9:00 am
|
0 Comments
How Commercial Property Insurance Protects Business Owners

Many entrepreneurs get so excited about launching a startup that they don’t spend enough time figuring out the right type of business insurance coverage they need. Depending on the type of business you run, enrolling in a standard business policy won’t cover everything. If you own property as a business owner, here’s a look at how commercial property insurance can protect you.
What Is Commercial Property Insurance?
Commercial property insurance is designed to protect physical assets from natural disasters. It protects your building and its contents, along with exterior features. The policy will specify what […]

Why Business Liability Insurance Is Important for a Company

9:00 am
|
0 Comments
Why Business Liability Insurance Is Important for a Company

What Is Business Liability Insurance?
Business liability insurance is a policy that covers financial liabilities incurred such as legal defense fees and protects the financial interests of the company and its owners when they face formal lawsuits or any third party claims.
As much as the business liability insurance helps cover certain unexpected expenses, the cost of coverage is still influenced by the type of business being insured and its location. For example, if a company is located in a flood-prone region, it would probably pay more.
There are three main types of business liability insurance, and […]

Exploring the Benefits of Business Interruption Coverage

9:00 am
|
0 Comments
business interruptions

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 […]

Create Your Property Loss Prevention Plan

9:00 am
|
0 Comments
Create Your Property Loss Prevention Plan

 A proper property loss prevention plan can help decrease the occurrence of damage to equipment, machinery, and facilities necessary for your business. 

The time to start your property loss prevention plan is now. The best plans aim to protect and preserve your property. In order to do this, you must consider defining the roles of employees, contractors, and visitors, along with scheduling inspection and maintenance of crucial equipment.

Define (Employees, Contractors, Visitors)

Follow all “NO SMOKING” and “RESTRICTED SMOKING” policies.
Always wear the proper safety gear (e.g […]