Never assume everything imaginable is covered under your commercial property insurance policy. A basic plan covers a wide range of perils that warrant filing a claim, but it typically doesn’t cover damage from wear and tear. Here’s how insurance companies view the difference between worn and damaged items. Damage or Wear and Tear: What’s the
The summer months are ideal for fun and festivities. It doesn’t mean, however, that you shouldn’t be vigilant when it comes to taking care of your home. Be observant and take action as needed. Protecting your home against potential risks is the best way to prevent accidents and breakdowns. Here are eight tips that you
Have you thought about starting the business of your dreams? Before you get too deep into planning, make sure you understand the benefits of commercial general liability insurance coverage. While this coverage is not required by law, it can be the solution to a wide range of issues that interfere with business success. Here are
A survey by the Federal Emergency Management Agency (FEMA) indicates that at least 40% of small businesses don’t reopen after a catastrophe, with businesses that lack adequate insurance coverage being more likely to face this situation. One of the main causes of underinsurance in the business space is the failure to reevaluate your business insurance needs regularly.
Data from Statista shows that retail sales in the U.S. have been increasing every year during the holiday season since the end of the Great Recession in 2008. Moreover, the holiday shopping frenzy can account for up to 30% of a business’s annual sales, according to the National Retail Federation. However, despite the high volume