3 Must-Have Insurance Policies for Retail Businesses

The interior of a retail store selling various decor, including vases, towels, and mirrors.Many people dream of one day owning a store, and for those who’ve succeeded in this endeavor, it’s become a way of life. With this new business venture, these store owners need to invest in ways to safeguard all they’ve accomplished. Investing in protections that can guard you against the devastating financial impacts of situations like injuries to employees or guests, property damage, lawsuits, or sudden loss of business income is vital to ensuring that your livelihood remains intact. Let’s look at some must-have insurance policies for retail businesses. [Read more…]

Why Welders Business Insurance Will Protect Your Company

Essential Insurance Policies for your Welding Business As a welding specialist, you spend the day using flame-cutting equipment to bring together parts of metal. Needless to say, you work in a high-risk environment. Any problems or injuries that arise from this line of work can result in serious consequences for your business. Determining the best welders business insurance policies for you and your staff will ensure your business is protected from claims and financial damage. [Read more…]

Business Interruption Insurance: Is It Important?

Business Interruption Insurance: Why Is It Important?Small business owners will not hesitate to buy coverage insurance to protect their entity due to physical damage of the property or liability protection. What if something happened to their business that made it temporarily unusable? Too many owners skip over this fact. Thankfully, there is a little something called business interruption insurance that will protect their business in a big way. [Read more…]

Why Should a Business Protect Against Contractual Liability?

Business contract detailsOne heading in your general liability policy is Contractual Liability. Like all of the sections in your Business Owner’s Policy (BOP), it’s important to understand the purpose of this liability insurance, and why your company needs it. Contractual liability is when one party assumes liability on behalf of another through a contract between them. This coverage is supplied in most general liability policies. It can save you thousands of dollars in court fees if you know how this coverage works, as well as how to protect against contractual liability when it occurs. [Read more…]

Protect Your Business from Natural Disasters

Suited man with umbrella behind a storm.According to Business Insider, one in four small businesses hit by a natural disaster never reopens its doors. Disasters such has floods and hurricanes are frightening for anyone touched by them, but only made worse for a business that support the local community. It is important to make sure that your business is protected when disaster strikes. By following these steps you can better prepare your business for the next disaster, whatever it is and whenever it decides to strike. [Read more…]

Founding a Business: Insurances You Need

Founding a Business, TJ Woods Insurance Agency, Worcester, MAStarting up a business is both an exhilarating and harrowing experience as you turn what has been months and years of preparation, saving, and dreaming into a reality. No one knows better than you how fragile a business is in its infancy, and soon you hope to discover the gaps that are created as your business expands. Founding a business takes a ton of time and effort from yourself and those who support you, make sure to protect your investment so it can become the business you dreamed of. [Read more…]