EINSURANCE.(com): EInsurance Journal Business Insurance Articles

Why Buy Cyber Crime Insurance

EINSURANCE Business Insurance — Wed, 15 Feb 2012 00:00:00 GMT

The specialty lines division of Liberty Mutual Insurance recently announced that it will offer three new
cyber liability products, making it the latest insurance company to get into the cyber liability coverage business. Cyber liability insurance ...

What Does an Insurance Agent Do?

EINSURANCE Business Insurance — Wed, 08 Feb 2012 00:00:00 GMT

Shopping for insurance quotes and buying insurance online is so simple, you might wonder why you would ever need an insurance agent. After all, when you shop for insurance online, you can compare lots of policies quickly in your PJs at 2 a.m. We’...

Don’t Let Holiday Identity Theft Ruin Your Insurance Score

EINSURANCE Business Insurance — Mon, 28 Nov 2011 00:00:00 GMT

You know you have a credit score, but did you know you have an insurance score, too? Or that bad credit can affect what you’re charged for various insurance products including car insurance, homeowners insurance and even health insurance? During ...

Organize Your Insurance Policies and Your Life with Online File Storage

EINSURANCE Business Insurance — Mon, 20 Jun 2011 00:00:00 GMT

Spring was a little late in coming to many parts of the country this year. When it did show up, it often wreaked havoc. So if you haven’t done your spring cleaning yet, you get a pass and a second chance to
get organized. Start...

Store and Access Insurance Policies in an Online Safe Deposit Box

EINSURANCE Business Insurance — Wed, 15 Jun 2011 00:00:00 GMT

Good for you! You applied for competitive health insurance quotes and car insurance quotes at www.einsurance.com. You secured a health insurance policy and auto insurance policy that fit your needs and budg...

New ADAAA Regulations and Small Business EPLI, Part Two

EINSURANCE Business Insurance — Mon, 16 May 2011 00:00:00 GMT

Is your business prepared to comply with changes to the American Disabilities Act Amendment Act (ADAAA) that go into effect next week? The new, broader definition of disability increases the chances you can be sued for discrimination by employees, form...

Premises Liability Insurance Basics for Small Business

EINSURANCE Business Insurance — Thu, 12 May 2011 00:00:00 GMT

Premises liability lawsuits are on the rise and no business is immune. The most common lawsuits involve “slip and fall” accidents. The most common cause is spilled liquids or other materials that fall on the floor where someone can trip ove...

What’s the Difference Between Workers Compensation and Employee Disability Insurance?

EINSURANCE Business Insurance — Thu, 05 May 2011 00:00:00 GMT

It’s a good questions and a lot of people, including many small employers, don’t know the answer. In this case, not only is ignorance not bliss, it could cost you a bundle if an employee is injured on the job and you don’t have worker...

Stay in Business When Disaster Strikes with Contingent Business Insurance

EINSURANCE Business Insurance — Mon, 11 Apr 2011 00:00:00 GMT

Many manufacturers in the United States are beginning to feel the pinch of supply shortages resulting from the Japanese earthquake, tsunami and nuclear crisis. Not surprising in our global economy, when a disaster happens half way round the world, ther...

How to Shop for Small Business Insurance

EINSURANCE Business Insurance — Fri, 08 Apr 2011 00:00:00 GMT

Cost-cutting has become a national passion, and it’s tempting if you’re a small business person, especially a sole proprietor, to skimp on expenses, like business insurance coverage. But doing so could end up costing you a lot more than you...

Small Business Insurance Basics for Start-Ups

EINSURANCE Business Insurance — Thu, 07 Apr 2011 00:00:00 GMT

There are more than 7 million small businesses in the United States. Although the federal government defines a small business as any concern with fewer than 500 employees, most are far smaller. According to Small Business Administration data, abou...

Does Your Product Liability Insurance Cover Social Media Risks?

EINSURANCE Business Insurance — Mon, 21 Mar 2011 00:00:00 GMT

Social media platforms like Facebook and Twitter are excellent ways to share information about your product and create a following of fans and brand evangelists. But they can also expose your small business to legal and regulatory risks. Your existing ...

Does Your Employers Practice Liability Insurance Cover Social Media Risks?

EINSURANCE Business Insurance — Thu, 17 Mar 2011 00:00:00 GMT

Businesses large and small are using social media tools for communication, marketing and even recruiting. Many are doing so without understanding the liability risk they run. In addition to professional liability exposure, you could be exposing yo...

Does Your Professional Liability Insurance Cover Social Media Risks?

EINSURANCE Business Insurance — Wed, 16 Mar 2011 00:00:00 GMT

Do you use social media platforms like Facebook, Twitter and LinkedIn for your business? You’re not alone. Businesses of all sizes have adopted social media for a variety of uses. A study conducted in 2010 by Burson-Marsteller of the 100 largest ...

How to Save on Workers Compensation for Small Business, Part III

EINSURANCE Business Insurance — Fri, 18 Feb 2011 00:00:00 GMT

As a small business owner, you know that keeping the doors open often involves finding ways to cut the cost of business without cutting the quality of your product or service. Employee benefits can be a tempting target, but resist the urge to scrimp or...

Are Insurance Benefits Taxable?

EINSURANCE Business Insurance — Mon, 14 Feb 2011 00:00:00 GMT

Tick. Tick. Tick. April 15 is coming. About 1% of the population is audited every year, but in an effort to bolster revenues, the IRS is reportedly ramping up their scrutiny. One of the red flags is unreported income. Is the inheritance you got from yo...

Are Insurance Settlements Taxable Income?

EINSURANCE Business Insurance — Mon, 14 Feb 2011 00:00:00 GMT

Uncle Sam wants you to declare every single penny of taxable income. Failure to do so may result in an audit (which makes root canal without anesthesiology seem like a picnic) and hefty fines. But what exactly is taxable income? The courts have defined...

How to Save on Workers Compensation Insurance for Small Business, Part I

EINSURANCE Business Insurance — Mon, 14 Feb 2011 00:00:00 GMT

If you have at least one employee, every state in America except Texas requires that you carry worker’s compensation insurance. Like many other necessary business expenses, the cost for workers compensation insurance for small business are increa...

How to Save on Workers Compensation Insurance for Small Business, Part II

EINSURANCE Business Insurance — Mon, 14 Feb 2011 00:00:00 GMT

When calculating premiums for workers compensations insurance quotes for your small business, underwriters take into consideration your company’s experience modification rate (EMR). This compares your company’s annual losses in insurance cl...

How to Maximize Your Insurance Tax Deductions for 2010

EINSURANCE Business Insurance — Mon, 24 Jan 2011 00:00:00 GMT

The tax man cometh and he’s headed for your wallet. Itemize your tax return and take full advantage of all legitimate income tax deductions that you’re entitled to in 2010, including insurance deductions. Deductions help lower your gross ta...

Key Man Life Insurance and Tax Deductions

EINSURANCE Business Insurance — Mon, 24 Jan 2011 00:00:00 GMT

The recent news about the health of Apple, Inc.’s visionary founder and CEO Steve Jobs should be food for considerable thought for even the smallest company. Apple no doubt has well-crafted plans in place to protect the company’s value in a...

Small Business Insurance Tax Deductions for 2010

EINSURANCE Business Insurance — Mon, 24 Jan 2011 00:00:00 GMT

It’s the least happiest time of the year, also known as tax season. For a small business, it can be a giant pain in pocketbook. As a small business owner, you can lessen that pain by seeking out every legitimate tax deduction and tax credit. Your...

Jewelers Block Insurance for Small Retailers

EINSURANCE Business Insurance — Wed, 05 Jan 2011 00:00:00 GMT

Planning to parlay those five golden rings from your true love into a neighborhood jewelry store? With the price of gold and other precious metals pushing into record territory, we applaud your entrepreneurial spirit. We also suggest that you get Jewel...

Musical Instrument Insurance Floaters

EINSURANCE Business Insurance — Mon, 03 Jan 2011 00:00:00 GMT

Maybe you didn’t get 11 pipers piping or 10 drummers drumming but if your true love brought you a new musical instrument of any sort for the holidays, make musical instrument insurance a top priority in the new year. Then, if a lord happens to le...

Product Recall Insurance & Inland Moving Cargo Coverage for Business

EINSURANCE Business Insurance — Sat, 01 Jan 2011 00:00:00 GMT

It’s a new year, so let’s indulge in a bit of forecasting. Let’s say those two calling birds your true love sent you on the second day of Christmas took to each other and began producing little calling birds. You see an opportunity to...

Does the Charitable Board You Sit on Have D&O Coverage?

EINSURANCE Business Insurance — Wed, 17 Nov 2010 00:00:00 GMT

The rewards for voluntarily sitting on the board of a non-profit aren’t always positive. Anyone who sits on a charity’s board or serves as a trustee can be held personally liable for decisions made by the organization. It doesn&rsqu...

How to Shop for Commercial Fleet Insurance

EINSURANCE Business Insurance — Tue, 16 Nov 2010 00:00:00 GMT

If you’re like every other small business owner in today’s economy, you’re scrambling around for ways to save money. Consider commercial fleet insurance. As you’re reviewing your business insurance coverage(always a good plan at...

Long-Term Disability Insurance: Essential Coverage for Singles

EINSURANCE Business Insurance — Tue, 16 Nov 2010 00:00:00 GMT

About 48% of all adult Americans are legally single. If you’re one of them, whether by choice, divorce or because you still haven’t found Ms. or Mr. Right, not having a date for special events is the least of your concerns. Along with gainf...

Cyber Liability and Data Insurance for Businesses in the Age of Cloud Computing

EINSURANCE Business Insurance — Tue, 09 Nov 2010 00:00:00 GMT

Cloud computing is here and you don’t need to be a tech company to reap the benefits. It’s a boon for any business that wants access to its data from any device at any time and any place. But convenience and mobility can carry a steep price...

Do You Need Commercial Crime Insurance Coverage?

EINSURANCE Business Insurance — Mon, 01 Nov 2010 00:00:00 GMT

Along with all the other miseries this prolonged recession has visited on American businesses add an uptick in employee theft. It takes the form of embezzlement, computer fraud, burglary or robbery of cash or merchandise, shoplifting, forgery and ...

Insurance Considerations For The Small Business

EINSURANCE Business Insurance — Fri, 29 Oct 2010 00:00:00 GMT

In the United States and the rest of the world, hundreds of thousands of new businesses are created every day. The vast majority of these businesses are small and local. Many are sole proprietorship's and partnerships where a person with a unique skill...

Professional Liability Insurance Quotes for Engineering Firms

EINSURANCE Business Insurance — Mon, 23 Aug 2010 00:00:00 GMT

With British Petroleum facing a staggering three dozen lawsuits ranging from wrongful death to environmental damage, it seems like a good time to ask yourself if your engineering firm has adequate

Small Business Insurance Protection from Electronic Fraud and Theft

EINSURANCE Business Insurance — Thu, 25 Mar 2010 00:00:00 GMT

You wouldn’t close shop for the night without locking up tight. You’d never leave the cash registered open and unattended. But failing to protect your small business’s bank account from hackers and fraudulent electronic fund transf...

Business Owner Policies Pt. 3 --Optional BOP Insurance Coverage for Small Businesses

EINSURANCE Business Insurance — Fri, 12 Mar 2010 00:00:00 GMT

Just like snowflakes, no two small businesses are exactly alike. That’s why, in the wide world of Business Owners’ Policies (BOPs), you’ll find lots of add-o...

Business Owner Policies Pt. 2 -- What Your BOP May NOT Cover

EINSURANCE Business Insurance — Thu, 11 Mar 2010 00:00:00 GMT

After the fact is never a good time to learn that what you assumed simply isn’t so. That’s especially true when the topic is business insurance. As a small business owner, you’ve got enough on your plate keeping your company afloat...

Business Owner Policies Pt. 1 -- Understanding BOPs

EINSURANCE Business Insurance — Tue, 09 Mar 2010 00:00:00 GMT

It’s not easy being a small business owner these days. Talk about multi-tasking! You need to stay up to speed on so many fronts from health care to employment law to product liability, you need to be a veritable Renaissance man to survive. On ...

Protect Your Small Business with Employment Practices Liability Insurance

EINSURANCE Business Insurance — Thu, 04 Mar 2010 00:00:00 GMT

Technically, you’re a small business if you have no more than 50 employees. But in reality, most small businesses are a whole lot smaller than that. The last U.S. census estimated that about three quarters of America’s 25,409,525 busines...

Want Cheaper EPLI Insurance? Take These Steps to Avoid Cause for Claims.

EINSURANCE Business Insurance — Tue, 02 Mar 2010 00:00:00 GMT

If you’re a small business owner operating in today’s economy, you probably think that people should just be darned happy to still have a job to go to. That’s a risky mindset because it could put raise your exposure to lawsuits fro...

Common Insurance Mistakes People Make

EINSURANCE Business Insurance — Tue, 09 Feb 2010 00:00:00 GMT

Money too tight and time is too precious to waste either. Avoid these common insurance mistakes people make and you might save a little of both.

Never ever lie on an application.
Lying includes failing to disclose requested i...

What Kind of Insurance is Tax Deductible?

EINSURANCE Business Insurance — Tue, 09 Feb 2010 00:00:00 GMT

About this time of year, you’re digging through drawers, pants pockets, purses and maybe even a file folder or two looking for receipts so you can maximize your federal income tax deductions. You may also be wondering if any of your insurance ...

Small Business Insurance Quotes for Workers’ Insurance Coverage

EINSURANCE Business Insurance — Mon, 02 Nov 2009 00:00:00 GMT

One of the best ways to save money when looking for small business insurance quotes is to only buy the coverage you need. Depending on where you live, you may need two or three types of state-mandated insurances covering workers.

You def...

For Cheaper Workers Compensation Insurance, Help Eliminate Fraud

EINSURANCE Business Insurance — Mon, 19 Oct 2009 00:00:00 GMT

An old saying goes cheaters never prosper. Maybe not. But cheaters sure mess it up for the rest of us. If you’re an employer looking for cheap workers c...

Protect Your Business and Your Good Name with Employee Bond Insurance

EINSURANCE Business Insurance — Fri, 02 Oct 2009 00:00:00 GMT

As a business owner, you can be trusting, paranoid or (and here’s the recommended direction) cautious. Employee theft happens. People you hire steal from you, or worse, from your customers. The FBI calls it the fastest growing crime in America, a...

Looking for General Liability Insurance Quotes? Here’s What You Need to Know.

EINSURANCE Business Insurance — Mon, 14 Sep 2009 00:00:00 GMT

There are so many opportunities to incur a law suit in today’s business environment, you’ve got to marvel at the sheer bravery of anyone willing to open a business. Fortunately, we have insurance policies between us and the tort lawyers. As a business ...

Finding Liability Workman’s Comp Insurance Quotes in the Chicago Area

EINSURANCE Business Insurance — Fri, 11 Sep 2009 00:00:00 GMT

If you operate a business in the State of Illinois and have what can be considered an employee and a payroll over $1,000 a year, you are required by law to either carry workers compensati...

Renting Out Your Home? You Need a Landlords Insurance Policy.

EINSURANCE Business Insurance — Wed, 09 Sep 2009 00:00:00 GMT

A recent Wall Street Journal article reported that America’s second largest home insurer saw a 27% increase in homeowners converting their property to a rental unit during the first quarter of this year. Many homeowners, unable to sell their homes in t...

Tips for Saving on Workers Compensation Insurance in NY

EINSURANCE Business Insurance — Tue, 08 Sep 2009 00:00:00 GMT

You can get over the sticker shock when looking for New York workers’ compensation quotes by understanding the high cost of not having coverage. If you’re an employer in...

Semi Truck Insurance for Your Big Rig

EINSURANCE Business Insurance — Thu, 27 Aug 2009 00:00:00 GMT

There are many kinds of semi truck trailers designed to haul big loads. Whether you’re driving a box, bus, reefer, tanker, dry bulk, flatbed, lowboy or car hauler, with up to 80,000 pounds of gross weight rolling along on 18 wheels, your semi truck ca...

E-Insure.com Free Insurance Quotes Online - eInsurance Insurance Products

EINSURANCE Business Insurance — Thu, 20 Aug 2009 00:00:00 GMT

When looking for insurance quotes separately for your vehicles, home, business, health and life insurance, you could go online. But you probably have better things to do than spend hour upon hour trying to evaluate and compare multiple quotes from comp...

Professional Liability Insurance for Accountants

EINSURANCE Business Insurance — Wed, 19 Aug 2009 00:00:00 GMT

As a bookkeeper, tax preparer, accountant or CPA, you’re dealing with your clients’ most intimate information. In terms of private info, you’re right up there with a priest, except that you can be sued for a whole slew of acts of negligence or incompet...

Professional Liability Insurance for Architects

EINSURANCE Business Insurance — Wed, 19 Aug 2009 00:00:00 GMT

Many prudent companies in these litigious times are seeing the wisdom of liability insurance for small business – it provides protection from a head-spinning array of potential law suits rightly or wrongly brought. As an architect, you’re subject to al...

Tow Truck Insurance for Your Commercial Towing Business

EINSURANCE Business Insurance — Thu, 13 Aug 2009 00:00:00 GMT

If you operate a business that makes money providing towing services or roadside repair services or if you use a tow truck to repossess vehicles, you’re in the commercial towing business and you need a special kind of tow truck insurance to protect you...

Homeowners Coverage – If You Operate A Business Out of Your Home, You’d Better Look At Your Policy to Make Sure You’re Covered

EINSURANCE Business Insurance — Thu, 06 Aug 2009 00:00:00 GMT

When shopping for cheap homeowners insurance quotes online, make sure to take into consideration whether the policy suits your needs. Homeowners policies provide coverage for the structure of y...

Business Insurance – What To Know About Your Insurance Before Laying Off Any Employees

EINSURANCE Business Insurance — Wed, 05 Aug 2009 00:00:00 GMT

In today’s tough economic times, many companies are being forced to cut back on expenses. For this reason, many companies are downsizing, which means laying off employees. The more layoffs there are, the more lawsuits former employees will be filing ...

Third-Party Employment Practices Liability Insurance Basics

EINSURANCE Business Insurance — Thu, 30 Jul 2009 00:00:00 GMT

Here’s something else to keep small business owners awake at night: somebody you never met could sue you for discrimination. Your general liability insurance for small business probably won’t provide coverage, but third-party

Insurance for Businesses Part 3 – The “Employee” Policies

EINSURANCE Business Insurance — Tue, 28 Jul 2009 00:00:00 GMT

The good news is your business is doing well, despite the economy. Maybe your company is doing so well, in fact, that you are hiring more employees. First of all, congratulations! Second of all, hiring employees may mean that your business needs mor...

Insurance for Businesses Part 1 – The “Basic” Policies

EINSURANCE Business Insurance — Thu, 23 Jul 2009 00:00:00 GMT

If you own a business, there are different types of insurance you will want to consider purchasing: Commercial General Liability Insurance, Automobile Liability Insurance, Bu...

Insurance for Businesses Part 2 – “Nuts & Bolts” Policies

EINSURANCE Business Insurance — Thu, 23 Jul 2009 00:00:00 GMT

In addition to liability insurance, your business needs insurance for the “nuts and bolts” – literally. You’ll want to make sure your business is fully insured for all of its property. This includes the building your business operates out of. In add...

Texas Commercial Truck Insurance

EINSURANCE Business Insurance — Thu, 23 Jul 2009 00:00:00 GMT

If you providing cargo hauling services under a bill of lading in Texas you are required by state law to carry Texas commercial truck insurance. You’ll have to provide proof of Texas commercial truck insurance coverage in order to secure a Texas Commer...

Business Truck Insurance for Cargo

EINSURANCE Business Insurance — Wed, 22 Jul 2009 00:00:00 GMT

The goods America’s truckers haul each year are worth billions. Motor truck cargo insurance protects the value of the load you’re carrying up to a limit set by you when you purchase commer...

Moving Your Business Into Your Home? What’s Covered By A Homeowners Insurance Policy?

EINSURANCE Business Insurance — Tue, 21 Jul 2009 00:00:00 GMT

As previously discussed, you should consistently reevaluate whether you have the contents of your home insured for enough. In addition to reevaluating your own...

Truckers Insurance Basics – Commercial Truck Liability Insurance

EINSURANCE Business Insurance — Tue, 21 Jul 2009 00:00:00 GMT

Nearly three quarters of all the products shipped around America come to us via trucks. That’s about $6.5 trillion worth of goods. If you’re a commercial trucker or own a commercial truck fleet, you know that commercial truck insurance is a cost of doi...

Employment Practices Liability Insurance - Because Law Suits Happen

EINSURANCE Business Insurance — Thu, 16 Jul 2009 00:00:00 GMT

Unless you’ve been doing business in an alternate universe, you will not be shocked to know that disgruntled employees like to get even and their favorite tactic is a law suit. Assuming your company is located here in reality land, you’re going to need...

Who Needs Workers’ Compensation Insurance? Maybe It’s You.

EINSURANCE Business Insurance — Wed, 15 Jul 2009 00:00:00 GMT

Every state has different laws governing workers’ compensation insurance, so you’ll want to check with your state’s insurance commission or an insurance agent for specific details, but typically you’re required to carry workers’ compensation insurance ...

Business Insurance Part 1 - Options for Home-Run Businesses

EINSURANCE Business Insurance — Wed, 08 Jul 2009 00:00:00 GMT

Of the estimated 21 million people who work from home, about 14 million of them don’t have adequate business insurance. According to a survey conducted by the Independent Insurance Agents of America, t...

Business Insurance Part 2 - Affordable Small Business Car Insurance

EINSURANCE Business Insurance — Wed, 08 Jul 2009 00:00:00 GMT

Just as your homeowners insurance policy may not provide adequate coverage when you operate a small business from your home, your personal

Cover Your Assets with Errors and Omissions Insurance

EINSURANCE Business Insurance — Thu, 02 Jul 2009 00:00:00 GMT

Errors and Omissions insurance quotes, or E&O for short, isn’t another product the insurance industry ginned up to squeeze a few more bucks out of...

Why You Need To Search For Insurance Quotes And Purchase Insurance Now

EINSURANCE Business Insurance — Thu, 04 Jun 2009 00:00:00 GMT

Insurance protects against accidents that you are not aware of at the time you purchase the policy. If there has already been a loss – there has been an auto accident, someone slipped and injured himself or herself on your property, there was a fire or...

An Insurance Policy Is A Contract - Don’t Forget To Uphold Your End Of The Bargain

EINSURANCE Business Insurance — Wed, 03 Jun 2009 00:00:00 GMT

When shopping around for insurance quotes, keep in mind that once you have decided on the policy that’s right for you, you should read the policy. Insurance is one of those things that you buy and hope you’ll never need. But, in the event that you suff...

Insurance Companies – Are They Really As Bad As They Are Made Out To Seem?

EINSURANCE Business Insurance — Wed, 03 Jun 2009 00:00:00 GMT

If you read the paper or watch TV, you know that insurance companies often get a bum rap. But, an insurance company is a business just like any other. An insurance company has employees to pay and needs to make a profit to stay in business. We don’t de...

What Do I Do If My Insurance Company Denied My Claim?

EINSURANCE Business Insurance — Wed, 03 Jun 2009 00:00:00 GMT

Your insurance company will deny your claim if the claim is not covered under your insurance policy. Insurance companies cannot pay claims for which they received no premium, or ...

Insurance – Sample Cancellation Letter

EINSURANCE Business Insurance — Tue, 02 Jun 2009 00:00:00 GMT

Insurance 101 – What Is It And Why Do I Need It?

EINSURANCE Business Insurance — Tue, 02 Jun 2009 00:00:00 GMT

Generally, insurance is a contract in which an insurance company agrees to indemnify you against a specific, unexpected covered loss. The idea behind insurance is that if many people pay premiums, and only a certain percentage of those people suffer lo...

Commercial General Liability Insurance - Additional Insured Coverage

EINSURANCE Business Insurance — Thu, 21 May 2009 00:00:00 GMT

Depending on the kind of business you have, you may need to be able to have other companies or persons be insured under your business’ insurance policy. Businesses often enter into contracts under which the business is required to name another business...

Commercial General Liability Insurance - Certificates of Insurance

EINSURANCE Business Insurance — Thu, 21 May 2009 00:00:00 GMT

Depending on the kind of business you have, your business may need to be able to provide proof that it is insured. Often this situation arises by contract, in which your business may be required to provide another company with a certificate of insuranc...

Homeowners Insurance and Commercial General Liability Insurance – No License to Kill

EINSURANCE Business Insurance — Thu, 21 May 2009 00:00:00 GMT

OK, we’re kidding. We don’t expect you’d harm even a fly! But, kidding aside, when considering purchasing homeowners insurance or commercial general liability insurance, it is important to know that insurance does not protect against damages that resul...

The Basics Of An Insurance Policy

EINSURANCE Business Insurance — Wed, 20 May 2009 00:00:00 GMT

There is more to an insurance policy than what it costs you. In order to accurately compare one policy with another, you need to know more than just what the premium is. You need to know what each of the policies covers in order to understand if the po...

Commercial General Liability Insurance – A Must For All Businesses

EINSURANCE Business Insurance — Tue, 19 May 2009 00:00:00 GMT

Big or small, your company needs to be insured. Whether you’re in the business of construction or making jewelry, you should consider buying commercial general liabil...

Claims-Made VS Occurrence Policies

EINSURANCE Business Insurance — Wed, 05 Nov 2008 00:00:00 GMT

My e-mail is full of good questions this week! Here's another one:
A D&O policy can be either a "claims" policy or an "occurrence" policy. My understanding of the "claims" policy is that it covers only the 12 month period. The...

Commercial Property Insurance And Liability

EINSURANCE Business Insurance — Wed, 05 Nov 2008 00:00:00 GMT

From the in-box:
I need to get Business Property Liability Insurance to cover someone if they get hurt on my property.
Great question, and one that will help clear up a com...

Contractor Stalling On A Fidelity Bond?

EINSURANCE Business Insurance — Wed, 05 Nov 2008 00:00:00 GMT

I just had a nice conversation on the phone with a lady who was in a hurry to get a quote on a fidelity bond. It turned out that one of her company's subcontractors had failed to...

Filing Liability Claims: A Reality Check

EINSURANCE Business Insurance — Wed, 05 Nov 2008 00:00:00 GMT

Over the past several weeks, I've received a number of inquiries that follow this general form:
I'm unhappy with my [pick a service provider] because he [describe an act of negligence]. I think he owes me money. How do I file a cl...

How Does Honesty Apply To Insurance?

EINSURANCE Business Insurance — Wed, 05 Nov 2008 00:00:00 GMT

This is a subject that has been debated over the years many times. In essence, honesty is one of the bedrocks of the insurance product. Without an honest insured, it is very difficult for an insurance comp...

Insurance Monkey Business

EINSURANCE Business Insurance — Wed, 05 Nov 2008 00:00:00 GMT

There's a statistical theory that if you gave a million monkeys typewriters and set them to work, they'd eventually come up with the complete works of Shakespeare. Thanks to the Inter...

Liability Insurance VS. Surety Bonds

EINSURANCE Business Insurance — Wed, 05 Nov 2008 00:00:00 GMT

Another one from the in-box:
We own a small landscaping company, and my husband insists that it is better to be able to tell potential commercial customers that we are bonded... but I am not sure that is what we need. I think that...

Professional Liability Insurance In Associations

EINSURANCE Business Insurance — Wed, 05 Nov 2008 00:00:00 GMT

Another good one from the inbox:
I'm interested in starting a business in which I only use workers that I issue a 1099 to at year end. In other words, I'm not paying any of their taxes. So, I guess they would all be similar to sub...

Standard Industrial Classification

EINSURANCE Business Insurance — Wed, 05 Nov 2008 00:00:00 GMT

Here's another good question from my inbox:
Your partner's commercial insurance quote application is asking me for my SIC code. What is that?
SIC ...

The Death Of The Educated Jury: The Plaintiff’s Malpractice Lottery

EINSURANCE Business Insurance — Wed, 05 Nov 2008 00:00:00 GMT

As in the times of the Romans, the common man is called to perform his civic duty. I was called for Jury duty today. I had all the common emotions associated with such a calling:

I had not been able to go the last two times, as I...

Workers Comp for Construction Subcontractors

EINSURANCE Business Insurance — Wed, 05 Nov 2008 00:00:00 GMT

Here's another interesting question from my inbox:
I work in Tennessee as a subcontractor for vinyl siding and windows. Do I have to carry workers compensation insuran...

How Do I Choose An Insurance Company?

EINSURANCE Business Insurance — Fri, 16 Nov 2007 00:00:00 GMT

There are many insurance companies, so choosing between them can be a challenge. Here are the main points to keep in mind when selecting an insurance company: Licensing
Not every company is licensed to operate in each state....

Is There A Difference Between Insurance Cancellation And Nonrenewal?

EINSURANCE Business Insurance — Thu, 06 Sep 2007 00:00:00 GMT

Source: Insurance Information Institute, Inc. www.iii.org - ALL RIGHTS RESERVED There is a big difference between an insurance company canceling a policy and choosing not to renew it. Insurance c...