Mindblown: a blog about philosophy.
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Contractors Liability Insurance
Contractors Liability Insurance A combination of skills, licenses and adequate business insurance gives your company an edge among your competitors and makes you more credible and reliable to prospective clients. Additionally, as a contractor, your company is exposed to potential damages and lawsuits that may send you out of business if you lack a stable…
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Business Owners Insurance Policy
Business Owners Insurance Policy A business owner policy (BOP) is a unique insurance type designed to protect major physical assets of a business, and also cover the business against liability risks. Business owner’s policy is sold is offered by property and casualty insurance companies and offers multiple types of coverage. Depending on the degree of…
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Different Types of Commercial Insurance for Contractors
Commercial General Liability Insurance Commercial General Liability (CGL) insurance protects business owners against claims of liability for bodily injury, property damage, and personal and advertising injury (slander and false advertising). Premises/operations coverage pays for bodily injury or property damage that occurs on your premises or as a result of your business operations. Products/completed operations coverage…
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Garage Insurance
Garage Insurance Garage insurance is a special policy aimed at covering businesses in the automotive industry. It is a crucial requirement for automobile dealers, service stations, repair and customization shop owners, and parking lots operators. It makes up for the coverage for damages to third-party vehicles, which is usually not covered in the standard commercial…
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Contractors Insurance Certificates and Endorsments
What is ‘Additional Insured’ Endorsement? Additional insured refers to a person or organization identified as an insured under an insurance declaration, in addition to whomever the insurance policy is named to. After the endorsement is signed, that entity will enjoy same benefit similar to the named insured including the filing of claims, and will be…
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Transportation Insurance Explained
Transportation Insurance Theft, fire, and damages are some of the common devastating perils faced by distributors, wholesalers, retailers and other business owners that convey goods from one place to another. Thankfully, a customized transportation insurance policy can cover any of those damages, and help keep your business afloat. Transportation insurance covers goods and property in…
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ISO Releases National Building Code Assessment Report
(Jersey City, N.J. – Insurance News 360) – On March 19, ISO released the National Building Code Assessment Report, which examines code enforcement efforts by more than 25,000 building departments across the U.S. It offers key insights into how building codes can help prevent losses from disasters. “We have seen heightened incidents of natural disasters…
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Workers Compensation Insurance
Worker’s compensation insurance is mandatory coverage for business owners in most states in the United States. Apart from being a requirement of the law, it is an essential risk management plan that can help you achieve business sustainability, as it covers your business against claims for: – Lost wages – Medical treatment – Death benefit…
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The 55+ Housing Market still strong in second quarter
(Washington, DC – Insurance News 360) – According to release by National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI) the single-family housing market edged down from 72 to 71 in the second quarter keeping the builder’s confidence solid. Single-family and multifamily condominiums are the two segments measured by HMI 55+ housing market.…
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Pending Home Sales Dip 1.0 Percent in February
(Washington, WA – Insurance News 360) – On March 28, the National Association of Realtors announced that pending home sales dropped by one percent during the month of February. The forward-looking Pending Home Sales Index dropped from 102.9 in January to 101.9 in February, marking the 14th straight month of annual decreases, as year-over-year contract…
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