Many business owners believe they have automatic coverage from their Rhode Island homeowners insurance policy for their small home based business. However, the reverse is actually true. Most policies specifically exclude business pursuits. Without proper insurance coverage, they may be liable for damage or injury if something occurs while conducting business on or off their… Read more »
It’s not surprising that many people are picking up side hustles during the pandemic to make ends meet. There’s a huge surge in deliveries, and services such as Uber and Lyft continue to gain a foothold in the marketplace. However, many drivers don’t realize that their personal auto insurance usually won’t protect them. If you’re… Read more »
Social distancing efforts have led to new ways of doing business during the coronavirus pandemic. Curbside pickup is a great way to keep customers safe while collecting their orders. However, for many this is a totally new way of doing business and there may be many things owners have not considered. Here are 5 things… Read more »
General liability insurance is a must-have for any business, as it will pay for expenses such as attorney fees, court costs, and judgements and damages you need to pay if your business is found at-fault during a lawsuit. Even though it is an indispensable coverage, it isn’t designed to protect you from all lawsuits or… Read more »
Many companies have been forced to shift their business model to include deliveries during the pandemic. This is understandable as business owners want to do what they can to survive and delivery services are enjoying unprecedented demand. However, it is also very risky if owners and workers are relying on their own vehicles and personal… Read more »
Providing work from home options has been a necessity since the pandemic shook up the business world. However, this working model also presents many potential liabilities business owners need to understand. In some cases these risks may not be covered by your current business insurance and you may also assume more responsibilities. Let’s review how… Read more »
General liability insurance is considered essential for most Rhode Island businesses. However, much confusion surrounds what it does and does not cover. Let’s look at the basics of a general liability insurance policy and why it is important for your business. What General Liability Insurance Does Cover Most policies cover third-party bodily injury and property… Read more »
In Rhode Island, workers’ compensation insurance uses three factors to calculate premiums: rate assigned to each payroll classification in your business, total amount of payroll for each classification, and your experience modification factor. The third is the only one within your control to change. Handling your experience modification factor poorly will cost you plenty. However,… Read more »
The pandemic has changed the world and how we do business. Although it has created many negative effects, it has also provided business with some valuable lessons. Here are five we should all learn from to create a more resilient, flexible business as we move forward. Business Continuity Plans Are Vital Most business owners think… Read more »
Many business owners wonder whether their personal auto insurance provides protection when operating a vehicle for business purposes. Unfortunately, it usually doesn’t, except under particular circumstances. Here’s what you should consider to ensure you properly protect your business. Do You Understand Insurance Carrier Guidelines? Whether you need a commercial auto insurance policy or you can… Read more »