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Vacant and Rental Property Insurance

Home For Rent Sign

Business investors, landlords, and owners of the residential and commercial property have vacant and rental structures for different reasons, including but not limited to a change in tenants,
recurring renovations or refurbishment, and selling the structure. When occupancy changes, the dynamics of loss exposures may shift significantly. Many insurance companies and homeowners policies will not insure or offer adequate protection for such property. If you’re looking for an experienced provider who understands these exposures and is committed to the property insurance market the search is over, as we provide access to coverage for vacant structures and rental dwellings and offer a simple process to convert policies as tenant occupancy fluctuates.

Ask yourself these questions when selecting an insurance provider for vacant and rental property coverage:Read More »Vacant and Rental Property Insurance

Optometrist and Optician Equipment Price Guide for Insurance

Use this guide to help evaluate the new replacement cost value for office and optometry equipment. To get an insurance quote fill out really short form: https://www.paperless-insurance.com/business-insurance-for-optometrists/ Exam Rooms Examination chair and instrument stand $4,500 – $20,000 Chart projector $1,000 – $4,000 Slit lamps $3.000 – $10,000 Lensomeler/lens analyzer $ 1,000 – $4,000 Keratometer $2,000 – $7,000 Retinal camera $15,000 – $25,000 Phoropter, or optical retractor $5,000 –… Read More »Optometrist and Optician Equipment Price Guide for Insurance

Emergency Loans for Drought Available for Small Businesses in California

Drought Loans CaliforniaSmall businesses in a handful of counties in California are now eligible to apply for low interest federal loans to help offset the costs of prolonged drought.
The U.S. Small Business Administration announced that non-farm businesses may qualify for loans up to $2 million.
Agency director Tanya Garfield says eligibility will be determined on financial impact of the drought and not on any property damage.
Drought loans bear interest rates of 4% for businesses and roughly 2.6 percent for non-profit organizations.
Applicants may apply online at the Small Business Administration website.

Read More »Emergency Loans for Drought Available for Small Businesses in California

Contractor Insurance Requirements – A Primer

This article was originally published by AmWINS Group, Inc. It was edited and rewritten to simplify the content. To read the original article please click here.

primerWhen risk management department is assigned to focus on the major project, including construction, with particular attention to the insurance requirements to be imposed on the general contractor and any subcontractors, it’s very important not to make the insurance requirements so onerous that contractors are discouraged from bidding on the project.For those of us, who has not been involved in such projects before, let’s review insurance requirements from different projects and how those may affect our company (let’s call it ABC company – the one who impose insurance requirements).
Outdated Insurance Terminology
What may strike us about the old insurance requirements is the insurance terminology used. There is reference to “comprehensive general liability insurance” including endorsements listed as “broad form property damage,” “broad form blanket contractual liability,” “cross liability,” “XCU” and “additional named insured.” The limits are also listed as split limits – one applicable to bodily injury, and another lesser limit applicable to property damage.Similarly, the auto insurance requirement refers to “comprehensive auto liability” and workers’ compensation insurance includes the “broad form all states endorsement.” Further, all of the requirements are to be evidenced by a certificate of insurance that provides certificate holder a 30 days advance notice of cancellation. It becomes readily apparent that these requirements are so outdated as to be virtually useless – the coverage, endorsements and limits listed are obsolete and are no longer available. We must start from the beginning.Read More »Contractor Insurance Requirements – A Primer

Product Liability Insurance for UAV (drone)

What is the one thing you expect to see the least in a restaurant? A flying drone! But not in NYC. A drone was flying in TGI Friday’s restaurant last week and cut someone’s face open. Was it a simple accident or product failure? If product failure, is there a product liability insurance in place? Sure many insurance companies provide… Read More »Product Liability Insurance for UAV (drone)