Desmond Insurance Blog
A Business Owner Policy or BOP can provide for the basic liability and liability coverage for starting businesses. However, if your business is constantly growing and becoming more complex, consider purchasing a Commercial Package Policy or CPP. Similar to the BOP, COP allows you to group various coverage types under one policy. Most CPPs comprise of:
Managing a business can be challenging but is a good way to earn money, offer jobs, goods and services, and even a way to express one’s passion. However, with numerous opportunities that can be given to you, there are also many risks when it comes to starting one's business. Here are things to consider before choosing your package:
Hotel owners face various risks, so having a comprehensive commercial property and liability hotel insurance is essential in handling hotel hazards. To mitigate possible risks in the future, there is a need for a well-tailored insurance package suitable for your business. With the appropriate insurance coverage, you can keep your assets safe and maintain your hotel’s reputation. Here are things to consider in choosing commercial hotel insurance:
Insurance of general liability covers customer injuries, property damage, and related lawsuits. Businesses involving commercial leases and contracts are usually required to have coverage. Employees such as general contractors and carpenters as well as construction businesses and contractors face high risks. In cases of injury or damage at your business site, general liability insurance can pay for the costs of medical bills and repairs. General liability insurance coverage involves:
With the booming effects of pandemic soon to take a toll on businesses, you may be thinking twice if you should start launching a business right now. The food industry is one of the companies where there is stiff competition in the market. Building a potential market superpower also comes with the right insurance pieces.
It is a common fact that the larger your business grows, the higher risk there is that awaits. For instance, construction contractors should have insurance for their clients in every project they will engage in. To further encourage employees to work with your company, insurance is a way to convince them to join your project.
Acknowledging what kind of insurance your business needs is key to greater success in the future. Knowing where you should begin and recognizing the liabilities is a big first step to prevent a significant business backdrop. Unsure what business policy will fit in your business? Here's a quick guide to help you weigh your choices.
Taking risks and challenges are familiar faces in the world of business. But before coming up with a make or break decision, it is crucial to weigh first the implications it may bring. Getting insured is one of the critical aspects to prosper with your managerial roles in business. Let's explore what's on the table for choosing the best commercial insurance.
Who says that you cannot drive in your old age? There are a lot of elderly drivers out there that are also in need of auto insurance. Most insurance companies still give out policies for drivers of a certain age, albeit with the different rules to follow. Here are some of the pointers you need to remember whether you have an elderly driver living with you or not.
If you genuinely want to get the best commercial insurance policy discounts for hotels and restaurants, it is best to consider the following points. By considering these factors, you can make an informed decision regarding commercial insurance for your business and your family down the line.