Owners of apartment buildings have a lot to juggle. Not only do they need to manage their employees, including those who perform maintenance and housekeeping tasks, but they also have to ensure that all of the utility bills get paid. Other things to worry about? Fire risk. With so many residents in so many apartments, […]
Creating something that makes your business run more efficiently is always a good thing, especially where profitability is concerned. However, what happens when someone claims that your new invention infringes on their patent? And even if they haven’t patented the item, what if they state that they invented it first, hire a lawyer, and file […]
Does your company require a surety bond in order to operate legally, or will a standard insurance policy suffice? Or do you need a combination of both? Understanding the differences between surety bonds and insurance policies will help you determine the answer to this question. How much do you know about each of them? Are […]
Insurance is one thing that HOAs, also known as Homeowners Associations, shouldn’t skimp on. You need to have the best possible protections in place in order to protect your HOA from liability lawsuits and more. The last thing that you want is to call in a claim due to storm or fire damage to the […]
Running a homeowner’s association involves keeping track of a number of different things. Not only do you need to enforce the HOA rules and make sure that everyone is paying their dues, but you’re also in charge of the insurance policies that need to be in place should something go wrong. What types of policies […]
General contractors, regardless of their specialty, need to understand how performance bonds work. Many states require these bonds, which provide an additional layer of protection for the people who hire the contractor to get their ordered work done. Without one, you have no recourse should the contractor disappear before the job is complete. These specialty […]
The cars on your lot that are listed for sale are protected under their own insurance policy, but that leaves a glaring gap in coverage: the vehicles owned and operated by your dealership. These vehicles might be protected by a commercial auto insurance policy, but if you have a number of them, then you might […]
Manufacturing companies have a lot to balance on a daily basis. They need to find customers for their products, source the raw materials for those products, and have their employees create and package them. The last thing that the CEO or owner needs to worry about is what happens when the products leave the factory […]
Running an auto dealership can be expensive. You not only have to pay for your employees’ salaries, as well as upkeep and maintenance of your buildings and outdoor property areas, but also ensure that your technology is up to date, and more. That said, adding on the cost of insurance may seem like the straw […]
Before taking on a new job, contractors should always consider having a surety bond in place. These bonds protect both the contractor and the client who hired them, helping ensure that the project gets done. Yes, you may be able to operate without a surety bond, but that largely depends on the state in which […]
