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At Paragon Independent Insurance Agency, we provide businesses in the greater Plano, TX area with various commercial insurance products. So, how do you determine which commercial insurance products will best protect your business? The post How Do You Know What Commercial Insurance Products Your Business May Benefit From?
Welcome to our blog post on how to maximise your business growth by securing the right commercial tailors insurance. As a tailor, it is crucial to protect your business from potential risks and liabilities. Property insurance can protect these assets from damage or loss due to fire, theft, or other covered perils.
Introduction Running a business comes with its fair share of expenses, and one of those is commercial insurance. This guide will teach you practical ways to save money on your commercial insurance. It provides protection against a plethora of risks, including property damage, liability claims, theft, and even employee injuries.
Generalliability: Protects against tenant or visitor injuries, legal claims, and medical expenses. Crime insurance: Safeguards against theft, fraud, and vandalism. Employee liability coverage: Covers claims related to on-site staff and property managers. Umbrella insurance : Extends liability limits for landlords.
While you may have the basic insurance policies in place, such as property and generalliability insurance, there are several other essential insurance policies that you might be overlooking. Additionally, generalliability insurance typically does not cover claims related to professional services or cyber incidents.
Generalliability: Protects against legal and medical expenses if a tenant or visitor is injured on the property. Hired and non-owned auto insurance: Liability coverage for vehicles used in property management. Crime insurance: Covers financial losses from theft or vandalism.
Cyber liability insurance helps cover costs related to: Data breaches Ransomware attacks Notification of affected parties Legal fees and fines Why it’s critical in California : California’s strict data protection laws, like the California Consumer Privacy Act (CCPA), mean IT businesses face higher liability if customer data is compromised.
Generalliability : Covers the costs of fighting litigation plus covered damages that might come from it. Crime insurance : Protects against financial losses caused by theft, burglary, or employee dishonesty, covering stolen money, securities, or property. We offer coverage up to a limit of $1 million.
This includes projects that involve: Betterments Renovations New Construction We also insure a variety of building types, including single-family homes , mixed-use buildings , and commercial properties. Our program also offers your clients generalliability insurance, which can help cover legal costs that can occur on work sites.
Under-construction buildings can be prone to fire, vandalism, and theft, which can end up costing their backers and owners millions. Distinguished’s Builder’s Risk Program covers all kinds of buildings in Michigan, including single-family homes , mixed-use buildings , and commercial properties.
Job sites that are under construction are prone to things like fire, theft, and vandalism. Whether it’s a construction project for a single-family home , a mixed-use building , or a commercial property, Distinguished’s Builder’s Risk Program has got it covered. Equipment : Covers damages to or theft of equipment used on the job site.
Think about the everyday operations of your business: – Are there physical locations that require protection from natural disasters or theft? – Is there a high level of professional liability in your operations? – Property Insurance : Protects physical assets from perils like fire, theft, and vandalism.
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. Easier to operate Passage of these laws would make it easier for cannabis-related businesses to operate.
Property Insurance Property insurance is a fundamental coverage that protects your business’s physical assets, including buildings, equipment, inventory, and furniture, from perils such as fire, theft, vandalism, and natural disasters.
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