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 […]
Being in the construction industry comes with a truckload of risk. There are many different moving pieces involved in repairing and renovating houses, all of which rely on each other in order for the job to go smoothly. What happens when your equipment breaks down? What if an employee is hurt on the job? Both […]
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 […]
Contractors have a lot of moving pieces to juggle on a daily basis. From hiring employees to ensuring that all of the right materials get to the correct job sites, it’s understandable that some things, like environmental hazards, can fall through the cracks. Thankfully, there are insurance policies available to mitigate these risks, including environmental […]
Owning a multi-unit or multi-family building is usually a promising investment, as long as the structure is sound, well maintained, and contains the safety features that your location requires. However, there is one danger that you can’t predict: fire. When a larger building catches on fire, not only is it tougher for the fire department […]
Manufacturing businesses face a wide variety of risks on a daily basis. There’s the potential for goods to become damaged while sitting in a warehouse awaiting shipping. There’s the chance that a batch of the manufactured items might be defective in some way, leading to consumer issues. There are potential problems with third-party vendors, the […]
