When you’re shopping for car insurance, you’ll often hear the terms “Full Coverage” and “Liability Insurance.” What do these terms actually mean? What is Liability Car Insurance? Liability Insurance is the minimum coverage required by law in most states, including…
The plumbing industry is not only vitally important to the state of Minnesota, but around the world. However, as a plumber, you face various risks that could threaten your plumbing business. The Minnesota Plumbers Insurance Program is designed to help…
This is a common question, especially from young people that don’t like to, don’t want to, and possibly do not understand the importance of car insurance. Here are a few reasons for the importance and necessity of carrying car insurance.…
As a contractor, you’ve probably been asked by clients to add them as an “Additional Insured” on your liability insurance policy. If you’re wondering why this is necessary and how it impacts your business, you’re not alone. In this post,…
What Is Home Insurance? Home insurance, or homeowner’s insurance, is a type of property insurance that covers losses and damages to an individual’s house and the assets in the home. It also provides liability coverage against accidents in the home…
Workers’ compensation insurance is an important insurance policy for any business with employees. Work Comp protects both employees and employers from the financial impact of workplace injuries. But how exactly are the rates for this important coverage determined? Several key…
1. Policy Coverage Doesn’t Apply One of the most common reasons for claim denial is that the damage or incident isn’t covered by your policy. For example: Liability-only policies won’t cover damages to your own vehicle. Exclusions may exist for…
Running a contracting business comes with a lot of insurance risk. Whether you’re a general contractor, plumber, electrician, or carpenter, having the right insurance is important to protecting your business, your employees, and your clients. In this post, we’ll cover…
What is an Escrow Account? What Is An Escrow Account? An escrow account is a type of savings account managed by your mortgage lender. It’s used to pay certain property-related expenses, such as property taxes and homeowners insurance, on your…
What Does Renters Insurance Cover? What Does Renters Insurance Cover? Renters insurance typically includes two main types of coverage: Personal Property Coverage: This covers the cost of repairing or replacing your personal belongings if they are damaged or stolen. Common…