Do Sole Proprietors in Vermont Need Small Business Insurance?
Working as a sole proprietor generally presents some business-related risks. Whether actual small business insurance is needed, however, depends upon a sole proprietor’s work and homeowners insurance. Here’s how to think about whether you should purchase business insurance as a sold proprietor in Vermont.
How Can Small Businesses in Vermont Save on a Business Owners Policy?
Business owners policies offer affordable coverages for small businesses, but the premiums for these policies still vary. While Vermont businesses can’t do much about their industry, size, claims history or other factors that influence premiums, there are a few steps that could help save on a business owners policy.
Beyond Driving: Lesser-Known Ways for Vermont Drivers to Save on Car Insurance
Insurance companies offer plenty of potential discounts on car insurance, and most drivers are aware of the common ones. Bundling policies, installing a security alarm, driving safely, and not driving a lot are just a few examples. There are still many other ways to reduce premiums, though. Here’s what else you can do to save on auto premiums, even if you’re already taking advantage of those more common discounts.
How Much Does Classic Car Insurance Pay if the Insured Vehicle is Totaled?
Should drivers ever have a comprehensive or collision claim for damage to their car, a typical auto insurance policy will pay up to the vehicle's value. This doesn’t always work with classic cars and other rare models, though, as value doesn’t automatically equate to the amount of protection that drivers need. Here’s a look at the two main ways that insurers determine the maximum amount a classic car insurance policy will pay for these types of claims.
Who in Vermont Should Have a Personal Umbrella Policy?
Personal liability lawsuits can become extremely expensive, especially if the defendant is actually guilty of what the plaintiff claims. Such lawsuits can sometimes exceed the personal liability limits of homeowners insurance, which is why there’s personal umbrella insurance. Here’s a look at who in Vermont might purchase a personal umbrella policy.
How Should My Condominium Association Shop for Condo Association Insurance?
Shopping for condo association insurance is a fairly simple process, but having a defined method in place does help ensure everything goes smoothly. If your Vermont condominium association would like to update its condo master policy with a new one, here’s a step-by-step guide that’ll help you through the process.
Does My Commercial Trucking Insurance Adequately Protect My Truck?
Insuring a commercial truck is often more complicated than merely purchasing comprehensive and collision coverage for the vehicle. If you have a commercial truck in Vermont, you may want a combination of the following coverages in your commercial trucking insurance policy.
What is the Self-Insured Retention in My Company’s Commercial Umbrella Insurance?
Understanding the terms in a commercial umbrella insurance policy (or any insurance policy) is a fundamental step toward fully understanding what protections the policy affords. As you read through your Vermont company’s commercial umbrella policy, “self-insured retention” is one term you may come across. Here’s an explanation of what this is and how it impacts the protections a policy provides.
How Can My Financial Firm Improve Its Cyber Security?
As cyber threats continue to grow, developing a robust cyber security system is becoming more and more important. Financial firms, in particular, need to consider potential threats and take actions to protect against those threats. For, the financial sector consistently ranks among the most-targeted sectors that cyber criminals try to exploit. If you run a financial firm, here are some practical ways to improve cyber security at your firm.
Should My Commercial Property Insurance Have Replacement Cost or Actual Cash Value Coverage?
When comparing commercial property insurance policies, you’ll find that almost all policies include “business personal property” coverage. You’ll also likely notice that the type of business personal property coverage policies offer differs. Some provide “replacement cost” coverage and others have “actual cash value” (ACV) coverage. Here’s a look at the differences between these two types of coverages -- and which one is better for your Vermont business.
3 Reasons Vermont Business Owners Should Have General Liability Insurance
General liability insurance is a common commercial insurance that many businesses in Vermont purchase. It’s included in most business owners policies and commercial package policies, and it can be purchased as a stand-alone policy. Not all businesses, however, have this form of insurance. If you run a business that doesn’t already have general liability coverage, here are three reasons why you may want to get it.
3 Business Interruption Insurance Policies to Save Vermont Businesses
- Jon Shea
- Jun 29, 2017 2:54:25 PM
- Vermont Insurance, Business Interruption Insurance, Business Insurance
Business interruption insurance helps businesses cover unexpected losses of income that are caused by covered incidents. As is the case with most insurances, there are several different types of business interruption coverages. Here’s a look at three available coverages that Vermont businesses, depending on the nature of their operations, may want.
5 Incidents Where Liquor Liability Insurance Can Protect Vermont Businesses
Most businesses in Vermont that sell alcohol to consumers should have liquor liability insurance. This insurance helps protect businesses from alcohol-related accidents they’re held responsible for. Here are five examples of incidents that liquor liability coverage might offer protection against. (Specific coverages vary, and depend on a particular policy’s terms and conditions.)
Does Contractors Insurance Cover Rented Equipment?
- Jon Shea
- Jun 1, 2017 10:04:42 AM
- Contractors Insurance, New Haven, VT, Vermont Insurance, Business Insurance
While many contractors purchase at least some of the equipment they use, there are situations when it makes sense for a contractor to rent or lease equipment instead of buying it. For instance, renting equipment can help reduce startup costs so new contractors can invest their capital towards other uses. Additionally, both new and established contractors sometimes need a specialized piece of equipment for a one-off project, and renting it is much less expensive than purchasing the equipment. Whatever a contractor's reason for renting equipment is, any contractor that rents or leases equipment should make sure their contractors insurance policy covers the rented equipment.
Does Workers Compensation Insurance Cover Traveling Employees?
- Jon Shea
- May 25, 2017 6:05:35 PM
- Workers Compensation Insurance, Vermont Insurance, Business Insurance
Most businesses that are legally required to have workers compensation insurance can choose any policy that meets Vermont’s requirement. Businesses that have workers who travel to other states, however, need a policy that extends coverage to the states in which the company’s employees travel. If you have a business in the area but send employees to other states, here’s how to find a workers compensation policy that will protect your employees when they’re outside Vermont.