FEMA recommends flood insurance coverage even outside flooding zones

Flood insurance - flooded neighborhood
Americans are paying more for auto ...
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The Federal Emergency Management Agency says that if it rains, there is also a risk of flooding. The Federal Emergency Management Agency (FEMA) is recommending that home and business owners purchase flood insurance regardless of whether they live in a high-risk zone. FEMA said flooding is the most common and expensive natural disaster in the United States. According to FEMA, flood insurance is not covered under most standard home and business policies. That said, flooding poses the risk of destroying structures and possessions of a home or business in a…

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When does a business need commercial crime insurance?

Commercial Crime Insurance - digital - security

This type of policy is designed to protect companies against losses relating to employees or third parties. Commercial crime insurance policies provide businesses with protection against substantial losses resulting from employees or third parties. It covers lost money and other assets in the case of forgery, fraud, theft, burglary and other risks. First-party commercial crime insurance protects a business against its own losses, resulting from a criminal activity of some kind. Third-party coverage, on the other hand, protects the business in case another business or entity claims to have suffered…

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Coronavirus insurance losses span several industry sectors

Coronavirus insurance losses - vendors wearing masks

COVID-19 is affecting businesses and consumers with various types of coverage to protect them. Coronavirus insurance losses are could prove to be quite high, as the industry starts to take a look at how many of its sectors could be implicated. The illness has already disrupted the lives of millions by infecting tens of thousands of people. China has already experienced significant economic implications from COVID-19 as many large businesses including Disney’s parks in Shanghai and Hong Kong, Starbucks, McDonald’s, Apple, Pizza Hut, and KFC have all closed locations there.…

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Food truck insurance is more than just commercial auto

Food Truck Insurance - Man ordering from food truck

These mobile restaurants are hot small businesses but still come with certain liability risks. Consumers looking for a quick place to grab a tasty bite to eat love mobile restaurants, and if you’re aiming to open one, food truck insurance is a must on your list. Whether you’re starting small before growing or a truck is your long-term goal, coverage is vital. Food truck insurance is one of the most important parts of your business planning. Just as you need to think about what foods you’ll be offering, your pricing,…

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State Farm launches holiday season with small business safety tips

Small business safety - people working - computer - business

The insurance company created a complete list of recommendations for entrepreneurs during December. A recent release from State Farm placed the focus on small business safety. The company decided to “unwrap” some of the best tips it had to make sure entrepreneurs benefitted from the holidays while staying safe at the same time. The insurer underscored the importance of the right coverage especially during heavy shopping times. State Farm pointed out that at this time of year, there is considerably more foot traffic to contend with. This often also means…

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Why your customers will demand personal chef insurance before hiring you

personal chef insurance - chef - restaurant

It’s important for these culinary pros to learn that the best clients will require coverage. Personal chef insurance is among the first things you should purchase before cooking a professional meal for another person. There are many reasons that this coverage should be considered a foundation component to your business. This protection starts with liability insurance but expands beyond that depending on your services. The main issue is simply that chefs are people, too. Mistakes happen. Regardless of the care taken to avoid the mistakes, the training and experience they…

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Janitorial insurance provides cleaning businesses affordable and necessary coverage

Janitorial Insurance - Industrial - Woman Worker

This coverage is designed to protect against the unique risks faced by this type of business. When you have a home or office cleaning business, janitorial insurance is among the first things you’ll need to investigate as you get started. This coverage is a group of different policies that are packaged together for anything from residential maid services to commercial cleaning businesses. The risks you need to cover depend on the type of cleaning services your company provides. Depending on the size of your business and the nature of the…

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