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Insurance Considerations When Expanding Your Business to a New Location

Mark Jackson Insurance Agency

Brick commercial office building by Binyamin Mellish Expanding your business to a new location is an exciting step toward growth, but it also introduces new risks. From property protection to liability coverage, ensuring your business insurance policies align with your expansion is critical.

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What are the most important questions to ask when choosing business insurance?

Protect Commercial Insurance

Let’s explore the pivotal questions to ask when choosing your business insurance coverage. Understanding your business needs Image courtesy: Unsplash Before diving into the vast world of business insurance, it’s essential to pause and assess your company’s unique needs.

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Coverage for Service Lines

Insurance Agency of Ohio

We recently had a claim for a drain line that was damaged by tree roots. The contractor informed us that 85% of all drain lines are clogged or damaged. Chances are, your insurance company doesn’t offer this coverage. Call us today for a free homeowners quote from Cincinnati Insurance that includes Service Line coverage.

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Top 6 Insurance Policies Every IT Business in California Should Have

Jackson & Jackson

General Liability Insurance Even in a digital world, physical risks exist. If a client trips over cables during a meeting at your office or your equipment damages their property, General Liability Insurance provides coverage. Why it’s critical in California : Failing to carry workers’ comp can lead to fines and penalties.

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Cannabis Industry Prospects Brighten;Risks, Challenges Remain

Triple-I: Workers Compensation

Easier to operate Passage of these laws would make it easier for cannabis-related businesses to operate. The CLAIM Act would let these businesses obtain insurance to cover the same risks of theft, damage, injury, loss, and liability as all other businesses.

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Group Captives Offer Cost-Sensitive Companies Opportunities to Savein Face of Inflation

Triple-I: Workers Compensation

The lines of coverage written typically are those with more predictable losses, such as workers compensation, general liability, and automobile liability and physical damage.” “Each owner makes a modest initial capital contribution,” states the paper, Group Captives: An Opportunity to Lower Cost of Risk.

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2022 P&C Underwriting Profitability Seen Worsening as Inflation, Hard Market Persist

Triple-I: Business Insurance

Dale Porfilio , Triple-I’s chief insurance officer, said the 2022 net combined ratio for personal auto is forecast to be 105.2 – 3.8 points higher than 2021, driven primarily by significant deterioration in auto physical damage coverages. We forecast 2022 P&C premium growth of 8.5 percent,” Porfilio said. percent.