Martial Arts Insurance Programs

Martial Arts Insurance Programs

What types of insurance do you want for ones business? The best Martial Arts Insurance package will include a number of coverage's that will cover your business should a loss happen. These insurance coverage's will protect you if you have a lawsuit brought against your business or if someone got hurt. Insurance policies are purchased to guard your small business and if a claim happened the insurance company would defend and pay expenses to return you to the condition were in before the in the event the loss happened. In the long run, it is actually less expensive to obtain insurance and pay it for many years rather than not have any insurance and start a large insurance claim you have to pay out. There are various companies that sell martial arts insurance, but a good deal don't include the numerous necessary insurance coverage's your company necessitates. You should definitely learn about these types of martial arts insurance coverage's to comprehend what you will be paying for.

 Liability Insurance - The General Liability coverage is regarded as to generally be the foundation of one's martial arts insurance package. This type of martial arts coverage is going to insure your company and its staff for claims through which there is a injury or your business damage unowned property. A general liability policy wont insure your students from injury, for this you'll want to purchase  accident insurance. The policy will defiantly not include the workers, to insure them for injuries, you need to buy workers comp insurance. In cases where a parent brought the youngster into your martial arts school and slipped and fell, this is actually the insurance that would insure you. This insurance policy may also insure your small business should it or one of your workers cause damage to the building. Ordinarily, you may include the property insurance coverage into this policy to insure your contents. 

Participant Accident Insurance - This coverage is the thing that would definitely cover your students (along with any competition participant) should they have a physical injury while training. It is really an important insurance coverage since this is the thing that will pay any health-related expenses if any students or participants are hurt. This insurance policy coverage is probably the most significant insurance policy coverage's you should purchase as part of your current martial arts insurance package.

Workers Compensation - your workers are essential, you should definitely cover all of them from injury just as you insure your students. A participant accident insurance coverage will only insure students, your business will will need to buy workers compensation . This insurance covers your workers from injuries and pays his or her medical expenses and any therapy should they be injured. Many states will demand you to carry workers compensation determined by the number of employees in your have. Employees are important, covering all of them from injury ought to be too.

Other kinds of insurance coverage - Some of the other forms of insurance coverage your business should be thinking about are Property Insurance, Employment Practices Liability Insurance, and Commercial Auto Insurance. A Business Property policy will cover owned property. This is certainly contents of your Martial arts school as well as the building if you own it. Some insurance policies will exclude property off premises, and you ought to make sure that is included. An Employment Practices insurance policy is coverage for Sexual Harassment or Discrimination and it is an essential insurance coverage when you've got employees. A Business Auto Policy is another sort of insurance policy you should look at. A personal auto insurance policy may exclude business use, of course , if you have the vehicle in the business name or using it to perform errands, you should consider this kind of insurance policy.

 Numerous sorts of insurance could be a part of a Martial Arts Insurance bundle. They all ought to be considered as they simply are beneficial. Should any sort of accident happen, it truly is less expensive to possess insurance than to pay to take care of any injuries, property damage as well as any lawsuits out of pocket. Offering good insurance policies is exactly what we do best, as we have been in business more than 35 years, we certainly have the experience to give you the very best insurance coverage for your money. Insurance policies can be complicated, but we attempt to make it easier so that you can understand and purchase. Contact us to get a free quote today.

Restaurant Insurance Basics

Restaurant Insurance Basics

 Starting out a restaurant is not easy, nor pressure free. There are many issues that you need to take good care of to make sure your restaurant operates smoothly. Your Restaurant Insurance package is really a complex insurance contract that is certainly complex as your small business presents problems you will want to concern yourself with day-to-day. Insurance, while complicated, is one thing each and every restaurant demands because it will help you in case a client or an employee is injured or when you have any type of property loss. The 1st step in becoming thoroughly insured is usually to have an understanding of the kinds of insurance you can aquifers so, any time a loss would happen, you already know you don't have to stress as you have an insurance company will there be and definitely will help you deal with it.

 Commercial Liability Insurance: Typically this valuable insurance coverage is a part of a business owners package, or BOP. A BOP are also able to incorporate property insurance together with a number of some other insurance coverage's meant to protect restaurants. This particular variety of policy insures your small business for claims in which there is a property damage or a person was damaged (known as bodily injury). These types of claims could be claims where by somebody slips and falls, claims where a person got sick caused by an item they ate, as well as claims in which you damage a location you rent. This restaurant liability policy will take care of injuries to customers, but is not going to insure staff members. They will be insured within workers compensation insurance coverage. Claims of sexual harassment or discrimination would even be excluded from this insurance coverage. To insure your business for these types of claims you will need an Employment Practices Liability insurance policy.

Property Insurance: An extremely essential insurance coverage for any restaurant. This is actually the other type of coverage which is frequently included in the BOP. A restaurant property insurance coverage will incorporate property coverage, but will likely consist of very important insurance coverage's for example business income and extra expense along with spoilage. Property insurance will frequently start by insuring owned property. This tends to include a building if owned as well as the contents within that building. Improvements to the building, furnishings, as well as restaurant equipment (ovens, etc) are what would be insured within the contents part of the property insurance. Your property is going to be insured for several varieties of loss including theft, fire, or vandalism. Flood and earthquake coverage would be excluded from most policies, if necessary, ensure that its on your coverage. Business income and extra expense and spoilage are another pair of coverage add-on's which are not incorporated into a regular property policy, but will likely be contained in a detailed property policy. Business income reimburses your restaurant for earnings lost in the course of downtime due to a included type of loss. The other add-on which happens to be associated with business income coverage is extra expense. This coverage reimburses your restaurant for quite a few expenditures accrued which will avoid the suspension of business. Spoilage insurance coverage is a coverage that can cover your food in case you have an event during which food spoils and it would have to be considered a covered type of loss.

 Liquor Liability: The Liquor Liability will most likely be part of the business owners package.. Specifically what does Restaurant Liquor Liability cover? This insurance plan covers your restaurant for claims that have to due with your restaurant serving alcoholic beverages. Which means that, this insurance policy coverage would shield your restaurant should you have had a hosting server over serve a patron and so they had a car accident.

 Commercial Auto Insurance: Should you buy a restaurant auto insurance policy? A restaurant having commercial auto insurance is significant as this insurance covers vehicles used for business use, but isn't used by the business. This can usually be automobiles owned by your company that are used to run errands. This sort of insurance policy could also cover when an employee uses their motor vehicle for business. The personal auto policy is able to only have a highest limit if liability of $500,000 while a commercial policy can have a limit of $1,000,000 which could be extended with an umbrella insurance. Because of the ability to get higher limits of liability and the fact a commercial auto policy can include coverage for non owned vehicles, you need to acquire this kind of coverage. And so, exactly what is non owned auto coverage? This is a special insurance coverage that is certain to cover your workers motor vehicles for liability whenever they use their motor vehicle to run errands. Should your restaurant has employees that run errands or make deliveries, and they were in an auto accident, this insurance provides liability insurance policy coverage. Hence, if your restaurant was sued this protection would certainly defend it. A restaurant auto insurance policy is an additional necessary piece in its overall insurance package.

 Workers Compensation: Another important coverage for one's company, restaurant workers comp insures your workers if they are in an accident. This insurance policy will cover your employees irrespective of fault. This particular coverage is not only necessary, yet dependent upon the state, could be the law. A lot of states will require your restaurant to carry this according to how many staff you have employed. One other aspect to this kind of insurance coverage would be the Employee Liability part. This covers you in case you are sued by a staff member as a result of workplace conditions. Workers Compensation don't just insure your staff members, but additionally insures the restaurant from litigation from your workers..

 Launching a restaurant may be expensive. Having to pay with your own money for a claim could really put you in the weeds. Your main goal would be to open a restaurant which will be open for some time, insurance plan will assist you to weather the storm in case a claim occurred. An insurance policy would be the back-up you may need, as it will help pay and defend your business if there was a claim. Having the appropriate insurance is going to be invaluable when a claim happens, and understanding that one could have had it would be devastating if you do not own it. As our company is actually a broker, we've got a lot of insurance companies that write insurance policies for your type of business, thus allowing us to find you the greatest insurance coverage. We can make your restaurant insurance bundle to obtain the best prices, with the very best coverage. Obtaining the right insurance coverage is one less worry and will let you continue to do what you do best, providing fantastic food to satisfied customers.

Opening a Small Business

 Your Company and those like it is the anchor of The USA. Almost all people believe big corporations produce the majority of the income American yields, and yet they do not understand as a group Small Businesses employ a lot more staff members and create even more income compared to those big corporations. In starting your small business there are several variables you have to figure within your costs for your strategic business plan. Insurance policies mitigates your risk, it ought to be one of the most key elements in your business plan. When looking into Business Insurance coverage, you will find various types of insurance you'll want to take a look at and we can look at the various insurance policies. These are insurance coverage's that can be  based upon many different kinds of small companies, you should speak with a qualified Insurance broker regarding your individual requirements.

The General Liability Policy - This is certainly the primary insurance coverage you will want to consider since it is on the list of  necessary insurance coverage's it is possible to buy. The following insurance coverage of which defends your company for bodily injury and property damage insurance claims. This insurance policy insures you for incidents of which are the fault of your business or your staff, as well as insures your company for predicaments where a individual or property were broken and / or harmed. Any small business will need to have this kind of insurance coverage as this will take care of several kinds of  claim instances. This Small Business Liability Insurance plan shields your company regarding liable and slander along with the standard slip and fall. Although this insurance coverage may cover many different insurance claim circumstances, no policy insures every one.  The kinds of insurance not included under the standard liability insurance policy are; Liquor Liability, Assault & Battery,  Property Insurance, Workers Comp, Professional Liability or Business Auto Insurance. The insurance coverage limits on this particular insurance coverage rises to one certain cap and for anything above that, your business would want an Umbrella Insurance Policy. The Umbrella Insurance Policy might also go over your Auto Liability as well as your Workers Compensation(or Employers Liability) coverage expanding all those limits of liability coverage. Whenever selecting how much Liability Insurance you should have you may need take into account what amount you have to lose.

Commercial Property Insurance -  This is an insurance policy coverage for building's or owned property that is kept on the premises. Typically, the following insurance insures the items and will pay to replace your items, for specific types of claims. This Small Business Property Insurance policy does not cover property that leaves the location, for that you will have to have an Inland Marine insurance. An Inland Marine insurance policy can insure small equipment to large construction equipment or various other kinds of Property that is going to leave the premises.

Commercial Auto Insurance - This specific insurance coverage is auto insurance for your business vehicles. Normally a business requires higher limits of auto insurance than your individual auto insurance policy. Your business auto policy should have increased limits but the coverage's tend to be comparable. Your usually considering Auto Liability insurance as well as the following; Medical Payments, Uninsured Motorists Coverage, Comprehensive, Collision, Towing & Rental Insurance coverage. If you ever rent a vehicle or your have a staff member drive their own personal car on an errand, you'll want Hired & Non Owned Auto Liability. Once your LLC or Corporation is the owner of the vehicle, then you should have your vehicles are covered on the Commercial Auto Policy.

Workers Compensation
 This specific insurance coverage, also called Employers Liability, will be the insurance that insures your workers which will pay for claims where the member of staff was injured at work. Once again, an additional crucial insurance coverage given that Medical Care is incredibly pricey. If you don't have insurance you're self insuring and would be responsible regarding any healthcare expenses or even lawsuit. This specific insurance coverage doesn't cover discrimination or sexual harassment claims for that you'd need an Employment Practices Liability Insurance.

 Insurance policies are an important part of any Company. It insures your business for various kinds of claims. It is necessary for you  to understand just what you are buying, how these insurance coverages work, and precisely what isn't protected within an insurance policy. Make certain to always read your policy. Insurance policies can be difficult and that is why you should to purchase from an insurance agent which is versed in Small Business Insurance. Having been providing business owners like you insurance for more than 35 years, we have the knowledge to help you with all of your Business Insurance requirements. Contact us for an insurance quote. Our company is licensed to write insurance in multiple states and we can assist you to find the insurance coverage you'll need.

Child Care Insurance - Liability Coverage's Defined

 What kind of Child Care Insurance plan can you use to defend oneself and your income in case of a loss? There can be many types of daycare insurance coverage to cover you and your company if losses materialize. What should you cover in your day care insurance plan to protect your business? There's lots of insurance coverage's you would probably ought to have to fully protect your small business. The more coverage you require, the bigger the price could be, however these coverage's will protect your pocketbook for the future. You as the small business owner just need to be aware of the numerous coverage's offered to fully understand what you are buying and the reason why you could need them.

1. Child Care Liability Insurance

 Commercial General Liability guard's you from the cost of Investigations & Lawsuits from Bodily Injury and Property Damage from incidents and accidents on your property from your operations or marketing. This won't cover the employee, discrimination, automobile insurance, abuse, or many other coverage's. Day Care Liability insurance plans differ compared to typical insurance policies because of the medical payments exposure. The regular insurance plans Medical Payments endorsement doesn't cover enrolled students. Only a couple of carriers do contain this in the Medical Payments, and that is something you need to make sure you ask your agent if your insurance policies cover.

 Quite a few carriers write insurance policies for child care businesses, but a small number of offer the correct wording in the policies to shield you in the most effective way possible. Currently our best carrier includes an broadened description of Bodily injury. They have the wording to contain disease or sickness the result of emotional distress or mental anguish as more coverage for no added price to you.

 Having the right child care liability insurance policy is about being aware what you would need and if your covered for it. It is entirely possible that you will not ever have a claim but, claims do happen and you would wind up having to spend more for this one loss in a quick burst than you would pay to have a complete package of coverage for a period of years.

2. Childcare Professional Liability

 Professional Liability is also referred to as Errors and Omissions insurance, or E&O Insurance. Your likely asking your self why you might ever need childcare Professional Liability Insurance Coverage. This special coverage protects you for both advice and the professional actions the center or employees may provide. Just what does this mean? An example of this of this could well be your education procedure, lets say one kid wasnt doing well. The parent was not happy as they felt they were promised their child would be at a specific degree at that time. The Daycare Professional Liability is the coverage that is designed to shield you in this kind of incident. This happens to be yet another extremely important coverage a person could acquire for your insurance policy.

3. Abuse and Molestation Coverage

 Abuse & Molestation coverage is another beneficial coverage for your Child Care Insurance Package This covers you for bodily injury as a consequence of to allegations of Abuse or Molestation. This exposure is important and vital because it shields you from Investigations and Litigation. An example of this would be a staff member giving corporal abuse to a child. The child's parents called the police and then hired a legal counsel, there would be coverage to protect this kind of legal action. Daycare Abuse and Molestation coverage is critical for you to integrate in your Child Care Insurance policy.

4. Certain Civil and Criminal Defense Cost Reimbursement

 A good coverage to acquire is coverage for certain civil and criminal defense costs. The Defense costs reimbursement insurance policy coverage compensates you financially.. Say you had a student that alleged an worker touched him wrongly. The childs parent contacted the police and the member of staff was arrested. The employee affirms they were innocent and while she was defended there were defense costs accrued of $30,000. For this matter the claim and the legal action would be droped since it came to lite the child invented the whole eventAs an example, the lawsuit would be dropped for inadequate evidence. The defense costs would then be paid for.

 These coverage's can all be included in a Child Care Insurance Package. What is proper for you? In the end that will always be your assessment. Bear in mind, the more you have the more you have at risk. Associated Insurance Professionals are agents in mutiple states including Arizona, California, Colorado, Nevada & New Mexico and we write Childcare Insurance Albuquerque and many other cities within these states.

CA License #0F64143.

Child Care Insurance - An Overview

 Child Care Insurance

  When you start a daycare, insurance is one of the main things you need to purchase to protect your investment. There are a few different insurance coverages your daycare will need in order protect yourself, your employees, and the children you take care of. So, what are your daycare insurance needs? What coverages should you purchase to protect your assets?

• Commercial General Liability
  The first coverage your daycare needs is Commercial General Liability - this coverage is there to cover bodily injury and property damage for your actions.  
  
• Professional Liability
  Typically this can be added on your Daycare Liability policy. This covers you for decisions you make that can lead to bodily injury or property damage.  
• Abuse & Molestation
  Typically this can be added on your Daycare Liability policy as well. This covers your for allegations and actions which can be considered abuse or molestation.
  
• Property Insurance
   Property Insurance covers your Daycare's property, including the building or contents, for theft and fire and other causes of loss.
  
• Workers Compensation
  This is insurance coverage to cover your employees for bodily injury. This is required in most states when you have employees.  
• Business Auto
  If you have a business vehicle and use it to run errands or transport children you need to be on a commercial auto policy.

Contact John Dziak at 800-765-8272 for a comprehensive quote for your daycare insurance needs. Or click here to submit your information for a quote and I will get back to you ASAP.

Marine Insurance - Boat Repair Insurance

   As I am located in New Mexico, people ask me what I know about Marine Insurance / Boat Repair Insurance or Shipwright Insurance. As a licensed agent in many states there are many Shipwrights in each state who work on and maintain various kinds of boats. This is a specialized field as while it is repair work on a vehicle, its different from your standard garage.

 The main coverages for a Marine Insurance policy are "Marine General Liability" and "Ship Repairer's Legal Liability", these work the same as a normal General Liability policy but are tailor made for the Boat Repair Insurance policy. These policies also can include "non-owned watercraft liability" which can cover the test driving of these boats.

 Ship Repairer’s Legal Liability is coverage for damage to vessels and the property of others, as a result of making repairs or alterations to vessels that are in the your care.

 Marine General Liability is coverage for contractual liability, as well as products and completed operations liability.

A good Marine Insurance policy will offer a worldwide coverage territory for liability coverages.

Automatic additional coverages on a typical Marine Insurance policy can include; Land transportation and Other non-marine work.


 As a specialist in writing the Shipwright Package Policies we can offer great pricing and excellent coverage. Click here to go to our website for a quote or call John Dziak at 800-765-8272 for a phone quote.

Liability - How much do I need?

 A client recently asked me a question many clients do. How much liability insurance do I need? The answer to that question isn't as easy as it sounds. I look at this as how big is your exposure and how big of a risk do you have of a claim. Lets look at a few different kinds of policies.

Personal Auto Policy 
The state minimum premiums vary by state. The coverage is very basic. In New Mexico a minimum limits policy covers $25,000 in Bodily Injury per Person, $50,000 in Bodily Injury per Accident and $10,000 in property damage. In the world of modern medicine the Bodily Injury limits really doesn't cover much.

 So, lets say you have a teenager on your policy and they hit a minivan. Thankfully no kids were in the car but there were four adults with back problems. The $25,000/$50,000 would be stretched to cover them and if that van was totaled the $10,000 couldn't cover a new minivan at today's pricing.

 So, on your Personal Auto Policy, I would definitely recommend higher limits than the minimum. What is good for you? This can vary by the risk of loss and your personal situation should be regarded in this. If you have a thriving business and you do well we have people with very high limits and umbrellas for $1,000,000 of coverage. The umbrellas go over home and auto policies. Typically most people that feel they want to protect themselves have a $100,000, $250,000, or $500,000 of auto liability. Most auto liability carriers have a maximum limit, and this varies by carrier. Remember, you do pay more for more coverage, but you need to consider all options as well as your exposure should something happen.

Commercial Auto Policy
The factors in a Commercial Auto Policy are just as prevalent as a Personal Auto Policy, while a personal auto policy can typically exclude commercial use the coverages are the same. Typically the auto carriers will offer up to a maximum of $1,000,000 of auto liability and you can still buy umbrella's. The Commercial Umbrellas can be purchased to very high limits.

Commercial Liability Policy
 A Commercial Liability Policy should be given the same consideration as a auto policy when your looking at exposure versus risk. All businesses should start out with $1,000,000 of liability per accident and an aggregate (limit per year of coverage) of $2,000,000. From here you should look at your exposure. Do you have multiple locations? Do you have the clientele to warrant higher coverage? Here you can buy and umbrella or excess policy and have it go over your Commercial Liability, Commercial Auto and even your Workers Compensation accounts. 

Contact me at 800-765-8272 and ask for John Dziak today for a complete insurance evaluation or submit your information online at our website for a quote.

Bar Insurance In's & Outs - Get the coverage you need

 Today I want to speak about Bar Insurance programs. From the small neighborhood tavern to the Nightclub or Gentleman's Club the insurance coverages for bars can vary. A good agent will explain the coverages and give you a bar insurance package that will cover you for a variety of losses. Today we will look at some of these.

 Now, a bar package will vary greatly from a Restaurant Insurance package. A business owner needs to make sure the agent classifies him correctly and this is generally based on liquor sales in relation to food sales. The exception would be fine wines and that can create an exemption.

 The first thing every bar owner needs is General Liability. This coverage protects you from claims for both bodily injury and property damage. The coverages in these policies are pretty standard, but there are two very important coverages; Assault & Battery coverage and Liquor Liability coverage. Every Bar Insurance package needs to include Liquor Liability and most do need some Assault & Battery coverage. Lets look at the coverages you can purchase and what they do.

General Liability

Bodily Injury - If you are ever held responsible for a customers sickness, injury or disease, your general liability insurance policy would pay for; Medical care costs, Loss of services, Court-awarded compensation for deaths that result from the injury

Property Damage - If you are ever held responsible for damaging another person’s property or affects the use of their property. In such cases, your liability insurance coverage compensates for; Physical damage to the property or Loss of use of the property. It is important to note that property damage liability coverage often does not cover damage caused to client property you are working on or have in your possession. Liability doesnt act as a warranty on your work.

Products-completed Operations - If something your company manufactures or a service your company provides causes an injury, your policy would pay for any resulting legal expenses, as well as damages up to your policy's limit.

Contractual Liability - Additionally, your commercial liability insurance coverage would cover liability you might take on when you enter into various contracts.

Liquor Liability - General Liability does not cover you for Liquor Liability. This is typically excluded from coverage and needs to be added to the policy. This coverage covers you should any of your patrons have a Bodily Injury or Property Damage claim resulting for the sale and/or consumption of alcohol.

Assault & Battery - Bodily injury and medical costs sustained by a patron during a physical altercation with another patron or a bar employee while at the establishment. Assault or Battery typically means harmful or offensive contact between two or more persons, including threats, sexual assault, abuse or molestation.

 If your establishment does have doormen or bouncers you do need some Assault & Battery. Make sure this is on your Bar Insurance policy as this is one of the most important coverages you can purchase. You can contact John Dziak at 800-765-8272 to speak about the different coverages or get a quote. 

Agent or Broker?

Agent or Broker……. Who does your business insurance?

Most people do not really know the difference between an insurance agent and an insurance broker. There is a big difference, especially when you have to make a decision about your business insurance.  You will also find significant differences for personal insurance matters as well. 

 An insurance agent is a licensed, professional in each state where they do business. Brokers and Surplus Lines Brokers are also licensed where they do business.

The professional agent has a contract with an insurance company and is considered by law as employee of the insurance company. Consumers can go directly to a company employed agent to purchase their insurance. The agent’s supply of insurance is limited by the company who employs the agent. The name of the insurance company is on the door or the sign outside is highlighting the insurance company name.

Brokers on the other hand are considered to be employees of the client as defined by law. Brokers have agreements with other brokers and insurance companies, giving them a wider variety of companies to do business with. The broker is not restricted or limited to representing one particular insurance company or group of companies. That’s why the brokers name or firm is on the sign outside his/her door.

Surplus lines insurance brokers deal with non- traditional types of insurance that admitted insurance companies and many licensed agents with in a state do not sell. Things like sporting events, amusement parks, theatrical events, clubs, vacant buildings and many other categories of specialty insurance.

We all know the story about the guy who was with that BIGCOMPANY you see on television. He had a good agent too!  Then a claim or two after 20 years , or a teenager  starts driving and gets a ticket. BIGCOMPANY doubles the rates and sometimes BIGCOMPANY just drops them all together. The agent’s hands are tied. His company gives him no choice. Been nice knowing you!

In America we all have choices. It is a wonder of our democracy and what the free market is all about.

Associated Insurance Professionals, Inc. are licensed agents, brokers and surplus lines brokers. We just have more choices when it comes to buying your business insurance in the states where we are licensed:  New Mexico, Colorado , Arizona , Nevada and California.

You don’t need to get into this kind of situation before you experience how brokers work. It is as easy as a phone call or a visit to our web site. We will provide you personal service by a licensed insurance professional and fast response by the communication technology method of your choice. More companies, more choices, better pricing.

Restaurant Insurance

Restaurant Insurance

 When you own a restaurant you have many things to think about. Insurance should be the easiest. As an insurance broker I have many companies that cater to the restaurant owner and there are some things you need to make sure are included in your policy to know you have the best restaurant insurance coverage. The most basic of coverages you will need are commercial general liability, commercial property, commercial auto - if your doing deliveries, and workers compensation. There are many other coverages that can be included and you want on your restaurants insurance policies. Some agents will sell you the cheapest bare bones policy, but some of these coverages are necessary for your business and you should specify you want them.

Standard Coverages

• Commercial General Liability - Pretty standard coverage. This covers accidents that are your fault. 
• Commercial Property - Also, pretty standard. This coverage covers the building, the contents, and the improvements you have made to the property (ex.installing a counter). 
• Workers Compensation - Covers your employees for accidents.
• Commercial Auto - Covers the vehicles and the liability on operating a company vehicle.

Watch Out For

• Business Income - You want to make sure this coverage is included in your policy. This is a commercial coverage that reimburses a business owner for lost profits and continuing fixed expenses during the time that a business must stay closed while the premises are being restored because of damage from a covered peril, such as a fire. 
• Hired Auto - Hired auto liability coverage will pay for damages to a third party, on behalf of your company, if you cause an accident or an injury to someone while you are driving a rented car.
• Non Owned Auto - Non-Owned Auto coverage protects your company should it be sued due to an auto accident while one of your employees is on company business in a personal vehicle.

Call me today at 800-765-8272 for a quote for your restaurant or your can submit your business information online. We understand restaurants insurance needs.

Small Business Insurance - Business Owners Package Basics

 Every small business needs good insurance policies. These policies cover your small business when bad stuff happens. You need to be covered for accidents that are your fault as well as situations created by others. The coverages on a small business insurance policy can be vast and there are different kinds of policies you will need. You should speak to a qualified insurance agent about your business and help them understand what you do so they can give you the right coverage.

 Business Owners Package or "BOP"

A business owners package covers multiple kinds of coverage. If your small business insurance needs and your specific business type qualifies you for a "BOP" you will find this includes multiple kinds of coverage. This can include General Liability, Commercial Property, Commercial Inland Marine or can even include Commercial Auto coverages. The nice thing about these small business insurance packages is they usually include many other coverages at low prices. This article will cover the first two of these coverages.

•  Lets first look at Commercial General Liability. This coverage protects you for losses in which you did something wrong and someone or something was injured/damaged as a result of this action. This does not cover your employees. You should always purchase over $1,000,000 of this coverage per accident. Most BOP's cover this for with a limit of $1,000,000 per accident with a $2,000,000 limit per year. This tends to always be on a BOP and should be purchased as it is one of the primary small business insurance needs. These policies pricing are typically based on sales, payroll, or square footage you occupy.

•  Second, we will look at Commercial Property Insurance. This typically covers your business personal property and if you own the location this covers the building itself. If you do improvements to the building that are nailed down these would be classified as building improvements. Typically, there will be a $500 deductible on these policies.
  
  Building Insurance - The cost of the insurance for the building portion will be priced based on the replacement cost of the building. Most insurance agents have access to a building cost estimator that will look at the square footage of the building and its construction to calculate what it would cost to replace it. This isn't valued the same way as a real estate agent would look at it, as replacement cost could be more than the value of the building on the market, and insurance doesn't look at the value of the land. If you own the building, its extremely important you have coverage on it, make sure this is included in your small business insurance policy.
  
  Business Personal Property is based on replacement cost of the contents of a business. You should keep receipts of your contents as well as a log of what all you have. A small business insurance policy covering "BPP" doesn't include coverage when the property leaves the premises. For this you need an Inland Marine Policy.

Medical Marijuana Insurance

 I will end up talking about specific business types that are different from the average business. One of these that need the most care is Medical Marijuana facility insurance policies. A Medical Marijuana Insurance policy differs from the normal store since they can do so many things as a typical facility does so many different things so they need coverage that fit all of this.

 Dispensary Insurance - first and foremost a facility is a dispensary. They distribute medicine to clients via store or courier. The liability on this is based on sales and typically does not cover the product. This doesn't cover the plants or any edibles.

 Crop Insurance - Crop insurance is a separate policy that covers all the crops. From seed to clone to mature plants. This can include the product for liability as well.

 Delivery Service - This is an auto insurance that covers both the auto liability exposures as well as can include coverage for a courier that doesn't grow or make the product. Since a courier service doesn't grow or make the products that would be excluded from the liability policy.

 Products Insurance - If you are making edibles coverage can be found. It works like a standard bakery policy were you have coverage for the stock as well as spoilage coverage and can cover both the finished stock as well as the preused medicine.

 Workers Compensation - No different than other businesses, but needs to be with a carrier that will write it. Sure state funds can do this, but the pricing is high. Other select carriers can write this coverage at great rates.

 Medical Marijuana Insurance policies are different from the corner store. You need an agent that understands what you do and can cover you for the losses you may have. Don't buy a limited policy when you can get comprehensive coverage. Anyone is free to contact John Dziak for questions on their facility via the links embedded in this page.

Underinsured Motorists

 A lot of people ask me if they should purchase uninsured motorists coverage and my answer is always a resounding yes. Sure it covers you if someone who has no insurance hits you and tends to only have a $250 deductible, but what they don't understand is that it is also Underinsured Motorists coverage.

 Say you live in New Mexico where the state minimum limits are; $25,000 in Bodily Injury per person, $50,000 in Bodily Injury per accident, and $10,000 and Property Damage and say you drive a vehicle worth $20,000 and your vehicle was totaled and you were hurt in the accident. The Insurance Company that covers the person that hit you would only pay out up to these policy limits. Their insurance would be exhausted and you wouldnt be reimbursed to the total of your loss.

  So, is it worth it for you to have this coverage? Is it worth it for you to not have this coverage? For both personal auto policies and commercial auto insurance policies, this coverage isn't expensive but is worth the extra expense. Its usually not much more to add.

Small Business Insurance - Basics

 Small Business Insurance is a term which incorporates many insurance options for a business. Your business insurance policies protect you for a variety of losses. Some of these coverages are required by contractors you work with, owners of buildings where your business is, or even state agencies which require it.

 The most requested coverage a small business needs is Commercial General Liability. Liability insurance covers you for accidents that are your fault or occur on your property. General Liability coverage can be rated on a variety of things which include; sales, payroll, and square footage. This depends on the business and the rate can vary depending on the kind of business as well as how much exposure a business may have.

 The second coverage a small business would need is Commercial Property coverage. This covers everything from the Building you own to the contents inside it. Commercial Property insurance can be limited to the most basic of coverages and can be as broad as to include theft.

 Typically Earthquake or Flood coverage is separated from a Commercial Property or the coverage can be endorsed on.