Companies that provide maintenance and repair services to vessels owned by others have a unique range of risks, but there’s still some key points of difference that require an experienced eye for coverage nuances to pick out. That’s why it’s a good idea for businesses that perform repair operations to work with insurers who have […]
Tag Archives: Coverage
What Is Construction Liability Insurance
All business owners need basic insurance to protect their employees and themselves from financial loss associated with personal injury and property damage. However, those in construction also should consider the many other risks associated with this industry. Here is a description of construction liability insurance and why you need it. Definition of Construction Liability Insurance […]
What To Look for in an Insurance Agency
The right insurance coverage can protect you from unexpected expenses whether you’re a homeowner or a business owner. While finding a great policy is fairly simple, finding an insurance agency you can trust for years to come isn’t as easy as you might think. Here’s what you need to know: Look for These Qualities Great […]
Qualifying for Legal Grow Op Insurance
With the legalization and normalization of cannabis in many states, new businesses in the industry find themselves needing insurance. They also find themselves in an insurance landscape that was not built to cater to cannabis, because for generations it has been contraband in most of the country. Despite the legal status of the plant changing […]
Get Covered With Agency Captives
The insurance industry is complex, with many types of policies and protections. Agency captives are a highly specialized type of coverage insuring unusual or expensive risks. Experts suggest exploring agency captive solutions to find the right choices. The Basics of Agency Captives With captives, companies create agencies to get self-insurance as a way to cover […]
What is Force Placed Insurance?
Force placed insurance is insurance placed by a financial institution when a home or vehicle owner has failed to obtain insurance or allowed a policy to lapse. This type of coverage is also called lender-placed, creditor-placed, or collateral protection insurance. Possible Reasons for Lack of Insurance Coverage An owner with a low credit score might […]
Your Car Insurance Checklist
When you’re choosing car insurance, you have to be careful to select the right policy for your needs. Here are some key considerations for choosing car insurance. Consider Asking for a Low Mileage Discount How much you drive should be a big factor in your checklist for choosing car insurance. The more often you’re on […]
Clauses for Cancellation in Agreements with Contractors
Construction contracts typically include provisions that allow a client to cancel in the event of a breach of contract. Cancellation clauses are intended to prevent clients with a remedy in the event that a contractor’s breach makes project completion infeasible. Advance Notice of Termination Many termination clauses require that the client provide notice to the […]
What Legal Grow Ops Need To Know About Insurance
As a business owner, keeping your company safe from threats is always a priority. For hemp and cannabis grow ops, this means finding the right insurance policies to fully protect your operation. Without insurance in place, both your crops and your facility are at risk. However, finding the right policies can be confusing. Business Insurance […]