Choosing a business interruption insurance limit is not as simple as copying last year’s revenue into a policy application. The amount you need depends on the income your business would reasonably have earned, the expenses it must keep paying, and how long a serious disruption could last. A practical business interruption insurance calculation starts with … Read more
Commercial Property Insurance Cost: What Affects Premiums?
AustinDevos
Two businesses can occupy similar-sized buildings yet receive very different insurance quotes. One might run a quiet accounting office; the other, a restaurant with hot cooking equipment and frequent deliveries. Their commercial property insurance cost reflects more than floor area. Insurers examine what could be damaged, the likelihood of a covered loss and the potential … Read more
Business Insurance Limits: How Much Coverage Is Enough?
AustinDevos
A business insurance quote can look reassuring: a seven-figure limit, a manageable premium and a certificate ready for a landlord or client. But the headline amount rarely tells the whole story. Business insurance limits determine how much an insurer may pay for covered losses, and several caps can apply to the same policy. Understanding them … Read more
Bodily Injury Liability Coverage Explained
A crash can produce two very different bills: repairing a vehicle and treating someone who was hurt. Bodily injury liability coverage addresses the second problem. If you are legally responsible for an accident, it helps pay covered injury claims from other people, subject to policy limits. Those claims can become far more expensive than a … Read more
Does Renters Insurance Cover Natural Disasters? Flood, Fire & Storm
Renters insurance can protect you when a disaster damages your belongings, but “disaster” is broader than what a standard policy covers. Fire, smoke, lightning, wind, and hail are commonly covered causes of loss. Flooding and earthquakes, however, are usually excluded and require separate coverage. That distinction matters as renters face heavier rain, strong storms, wildfires, … Read more
Does Renters Insurance Cover Electronics? Laptops, Phones & More
If you rent an apartment and work or study from a laptop, your electronics may be worth more than most of the furniture around them. A laptop, phone, monitor, tablet, headphones and gaming console can easily represent thousands of dollars in personal property. The good news is that renters insurance generally treats electronics as personal … Read more