The Difference Between Being Bonded and Insured as a Business

"Surety bond" typed out on paper with a pen pointed at the words and a glasses lens encircling the words.When starting a business, the surety bond process can be quite confusing and might not even be on some business owners’ radars. Business founders are typically quick to purchase business insurance to safeguard their investment, but many aren’t immediately aware of the need for a surety bond. Furthermore, they might not even understand how it differs from insurance. Fortunately, we’re here to help explain the difference between being bonded and insured as a business and under which circumstances you require a surety bond. [Read more…]

Before You Get BOP Insurance: Taking a Business Inventory

Businessman taking a business inventory in a warehouse.Once a business goes from ideas on paper to business cards or from hobby to storefront, it’s time to invest in a BOP – Business Owners Policy. And one of the most important parts of that coverage? Insuring your business’s property. Furnishings, computers, and specialized equipment can all add up, and a disaster such as fire, theft, or flood can end your business without coverage. And one of the most important parts of getting the right BOP is taking a business inventory. [Read more…]

How to Sell at a Farmer’s Market

A busy farmer's market set up in the middle of a street with many vendors selling products under white tents.Is your garden producing more than your family can keep up with? Perhaps you’ve mastered a craft that could earn you some extra cash. Farmer’s markets are a popular community pastime, and if you’ve taken a stroll through one on a Saturday morning, you may have considered joining in on the sales. However, before you jump aboard this money-making opportunity, you should understand the steps to setting up a booth. We’re here to help you learn how to sell at a farmer’s market. [Read more…]

Business Insurance: Additional Insured vs. Loss Payee

A janitor cleaning a business' tiled floors with a floor-washing machine, meant to despite someone who is an additional insured.When you’re searching for a new policy for your small business, it can be difficult to wrap your head around all the insurance jargon and terminology. One common area of confusion arises from the terms “additional insured” vs. “loss payee.” At first glance, it can seem these two are the same because you can add both entities to your business insurance and grant them the right to benefits. However, beyond this broad similarity, they’re actually quite different. Let’s discuss the difference between additional insured vs. loss payee and their accompanying rights. [Read more…]

Protecting Your Construction Site from Theft

A residential construction sight featuring the frame of a house and a close up of a chiselWith warmer weather on the horizon, construction projects are underway once again. However, these job sites can quickly become targets for thieves, especially considering the current high price of construction materials. Anything that can be sold for cash – such as building materials, equipment, trailers, and construction vehicles – are at risk. Developing a site security plan can help your crew mitigate the risks of trespassing, theft, and vandalism of your job site. Let’s review some tips for protecting your construction site from theft. [Read more…]

What Does It Mean to Bundle Your Insurance Policies?

The inside of a tiled garage with a white minivan and black ATV parked inside, meant to represent the benefits of bundling your insurance policies.Insurance is a necessary expense for most households, but it doesn’t have to be an investment that breaks the bank. You want to be sure you’re getting the best coverage for your possessions while also utilizing possible discounts. If you’re the owner of both a home and a vehicle, there’s likely an opportunity to secure savings by bundling your policies. Beyond savings, you can also take advantage of the other benefits bundling has to offer. Let’s discuss what it means to bundle your insurance policies and all the perks that come with doing so. [Read more…]