Can I cancel a business insurance policy early?
Yes. You can cancel most business policies mid-term by signing a cancellation request. The carrier refunds unearned premium either pro-rata... Read →
Does general liability cover my employees?
No. General liability pays when your business injures a customer, visitor or other third party or damages their property. Injuries to your o... Read →
Do I need commercial auto if I use my own car for work?
It depends on the use. Occasional errands in a personal car are usually within a personal policy, but regular deliveries, carrying tools or... Read →
How do I switch agents without changing my policy?
You sign a broker of record (BOR) letter appointing the new agent for a named policy and the new agent sends it to the carrier. After a shor... Read →
How long is a certificate of insurance valid?
A certificate is a snapshot: it reflects the policies as they stood on the date it was issued, and it carries each policy's expiration date.... Read →
How much general liability do I need?
Start from your contracts. Leases, client agreements and general contractor requirements most often ask for $1M per occurrence and $2M aggre... Read →
Is a certificate holder the same as an additional insured?
No. A certificate holder is simply the person or company the certificate is addressed to; being listed gives them information, not coverage.... Read →
What does primary and non-contributory mean?
Primary means your liability policy responds first to a covered claim that also involves the party you contracted with. Non-contributory mea... Read →
What does my landlord need from my insurance?
Most commercial leases require general liability at stated limits with the landlord (and often its lender and manager) as additional insured... Read →
What is a business owner's policy?
A business owner's policy is a package for small businesses that combines general liability, property coverage for your contents and improve... Read →
What is an experience modification rate?
An experience modification rate is a factor applied to your workers' compensation premium that compares your claims over a three-year window... Read →
What is a waiver of subrogation?
Subrogation is your insurer's right, after paying your claim, to pursue whoever caused the loss. A waiver of subrogation is an endorsement i... Read →