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…]

The Difference Between General and Professional Liability

A psychiatrist giving consultation to a patient, meant to depict the need for professional liability insuranceAs a business owner, one of your top priorities is keeping your company protected from liability. A single lawsuit can be enough to topple a small business if not outfitted with the proper protections. However, with every industry facing its own set of risks, how do you know which insurance is right for you? Does a contractor require the same type of commercial insurance as a business consultant? To best safeguard your company, let’s review the difference between general and professional liability. [Read more…]

Commercial Liability Insurance: Bodily Injury vs. Personal Injury

The inside of a store with a caution wet floor sign positioned next to a mop bucket.As a business owner, you likely don’t spend much time contemplating the legal difference between bodily injury and personal injury, but understanding these terms can help you better protect your business. Defining these technical terms can help you determine new safety policies and procedures and whether you require more in-depth liability coverage. Although commercial general liability insurance covers both bodily injury and personal injury claims, knowing the difference between the two helps you better prevent incidents and legal action. [Read more…]