Tag: Commercial Insurance
Bond insurance and a brief on its types
Bond insurance is a kind of insurance policy that is purchased by a bond issuer for assuring the settlement of the principal and all related interest payments to the holders of the bond in the case of default. Bond insurance is bought by the bond issuers for increasing their credit rating and decreasing the percentage of interest required to be
How to Save Money on Insurance
Everyone needs insurance, and none of us want to pay more than we need to. So, of course, we will make special efforts to get the best deal available. Here are a few simple ways to save money on your insurance. Find the company with the best rate for you. Different companies have preferences and differing rates according to a
Surfacing Business Risks From Covid-19
There was no escaping the coronavirus in 2020 and the pandemic will continue to be a dominant Business risks in 2021. Covid had a huge effect on the potential disruption and loss scenarios companies are facing in the wake of a pandemic. In a recent study done by Allianz, there were 3 main risks that had the biggest impact on
How Not Knowing Commercial Insurance Makes You a Rookie
As you start a new business, many tasks must be carried by you as a business owner and could have a terrible consequence if not handled well. Similarly, a crucial task of a business owner is to get accurate business coverage to ensure that the business is protected in case of any unavoidable situations. Commercial insurance is a crucial form
Commercial Property Insurance, The Key to Insure Your Company
Have you ever experienced disasters like storm surge or fire that damages your property big time? Whether it happened to you or not, just the thought in itself, is a situation you wouldn’t want to go through. Imagine investing your money, effort, time, and all that you have, and when it’s finally gaining its momentum, suddenly crashes in a snap
Prevent Major Roof and Siding Damages: Repair Your Rain Gutters
Ah, spring is coming and very quickly. Spring is a great time to add new paint, fresh décor, or a remodeling project to your list of to-dos. One item you should not neglect is rain gutters. “Rain gutters?” you say. “How mundane.” Yes, keeping up with regular maintenance on your rain gutter is not particularly glamorous, but clogged gutters can
Homeowner’s Exclusions
Your home purchase is finalized, you have the homeowner’s insurance policy in hand, and you believe everything is great. You are a responsible homeowner, and you have purchased the required homeowner’s policy. Did you read through your policy to find out what exclusions and exceptions are in your policy? There are common homeowner insurance exclusions, but you can get “riders”
Business Interruption Insurance
For small to medium-sized companies, it is important to have a continual flow of revenue. A single interruption in cash flow or revenue generation can be costly and may lead to reputational damages or even closures. Business interruption (BI) insurance from a commercial insurance agency in Salt Lake City can provide a safety net against interruptions in business, including equipment damage,
Condo Insurance Solutions for SLC, UT
There are two layers of property and liability insurance with condo ownership. Insurance solutions for SLC, UT include the first layer or owner policy referred to as an H06, and the second layer is called the Master Policy. H06 H06 is the unit owner policy. Unit owners are a liability for a slip and fall, dog bites, and accidents that
Errors and Omissions Insurance
Of all the personal insurance services in Salt Lake City and coverages that businesses need, errors and omissions coverage is one of the most important. When you have two parties working together, there may be miscommunications, misunderstandings, and forgotten services. Errors and omissions, or Professional Liability Insurance or Malpractice Insurance, protects your business against lawsuits and accusations that you have misled
