Insurance Explainer: Complicated stuff in simple words

Disability Insurance vs. Worker’s Compensation: What’s the Difference?

Workers Compensation vs Disability Insurance

When you get injured at work due to your company’s negligence, then you’d expect to receive compensation for it. But what happens if you got a severe injury outside of your job? Understanding the differences between disability insurance and Worker’s compensation can help you know what coverage you have. Coverage Differences On the surface, Workers’ …

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What is Workers’ Compensation Insurance?

Business, Health

There are many expenses and needs associated with starting a new business. Workers’ Compensation Insurance is something that owners should prepare for. This is true whether they are opening a salon or an accounting firm. What is Workers’ Compensation Insurance? Workers’ Compensation Insurance is a type of employee benefits policy to provide wage replacement and …

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Is Homeowners Insurance Required?

Homeowners

Is Homeowners Insurance Required? Unlike auto insurance, there are no legal requirements for you to have homeowners insurance in all levels of government. However, there are many benefits of having a valid and adequate homeowners insurance. It Will Be a Requirement by Your Mortgage Lender Nowadays, most mortgage lenders demand proof of insurance during loan …

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Does Homeowners Insurance Cover Termite Damage?

Homeowners

Unfortunately, its an experience that has happened to far too many homeowners. You look around your house one day, and you see it: The telltale signs of massive termite damage. Depending on the degree of the damage, you may need to get some extensive repairs done, and that begs the question: Does homeowner’s insurance cover termite damage? Termite …

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What is a Business Owners Policy (BOP)?

Business

A Business Owners Policy (BOP) is an insurance policy that bundles three common coverages a business owner needs. Having a BOP policy makes it easier for you as a business owner to manage your insurance. This type of policy is also generally less expensive than buying these coverages separately. Here are the main reasons to …

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Can You Get Homeowners Insurance Without An Inspection?

Homeowners

Inspections for homeowner’s insurance can help you get lower property coverage requirements based on expert evaluations. Lenders also recommend prospective homebuyers have an inspection before purchase to protect themselves. You are most likely to get homeowner’s insurance without inspection for homes less than 25 years old and new constructions. Insurers Inspect to Minimize Their Risks …

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Commercial Fleet Insurance: What is it? And Should I Get It?

Business

Fleet insurance, commonly known as commercial fleet insurance, is designed to provide coverage for vehicles and drivers of a company. It is different from regular auto insurance in that the owner listed in the insurance policy must be a company, not a personal owner. Why Should a Company Get it? The most significant benefit of …

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What is Error and Omissions (E&O) Insurance?

Business

Every business owner understands how important insurance is to keeping everyone involved legally protected and safe. From employees and 1099 employees to your business and you individually, the right insurance coverage can help protect from a financial disaster following an accident. Here, we’ll take a look at one insurance of particular interest: Error and Omissions …

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General Liability Insurance Explained

Business

General liability insurance is also commonly referred to as “business liability insurance” or “commercial general liability insurance.” The policies offer protection if someone sues you for property damages and bodily injuries. Most insurers allow policyholders to choose between having standalone plans or bundling it with a business owner’s policy (BOP). For businesses, you can purchase …

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Liquor Liability Insurance Explained

Business

What is liquor liability insurance? Liquor liability insurance serves an important layer of protection in many other business operations out there right now. What does this type of insurance offer its subscribers, and what kinds of companies are typical buyers? Provided Protections Against Lawsuits Unlike most other kinds of insurances, liquor liability insurance uniquely protects …

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