LandesBlosch Insights

business
What Insurance Do Grocery Stores Need?
October 13th, 2022

What Insurance Do Grocery Stores Need?

Grocery store owners have to deal with more claims than most other business owners—it’s simply a part of their day-to-day. You need insurance to cover the various liability claims that happen in your store and protect the large investment you have in inventory.

business
Independent Contractor Agreement Sample + 3 Things To Keep In Mind
August 31st, 2022

Independent Contractor Agreement Sample + 3 Things To Keep In Mind

Hiring independent contractors is a popular way to do business. It is important to establish a contractual relationship with you 1099s to clarify their responsibilities and lower the risks of hiring them to work with you.

real estate
A Guide To Apartment Building Insurance
August 11th, 2022

A Guide To Apartment Building Insurance

The point is that having a group of people living in your building poses a legal liability risk and a significant risk to the building itself. Here is what you need to know about the insurance policies that apartment building owners need.

business
Legal Liability: What It Means & How It Works
August 9th, 2022

Legal Liability: What It Means & How It Works

You are deemed to be “legally liable” when you lose a civil court case to another individual, and the court determines you owe that person compensation. Here is what you need to know and how to protect yourself.

real estate
Commercial Real Estate Insurance: 6 Property Coverages You Need
August 9th, 2022

Commercial Real Estate Insurance: 6 Property Coverages You Need

A well-thought-out insurance policy can protect your professional and personal investment in the buildings that you own. Here are the most important things to know about insurance coverage for commercial real estate property owners.

construction
Landscaping Contractor Insurance: 5 Coverages You Need
August 9th, 2022

Landscaping Contractor Insurance: 5 Coverages You Need

Landscaping contractors have unique risks in the construction industry, but these risks are very manageable with the right insurance policies. Get an online quote or call one of our advisors.

business
What is Negligence? (And How It Works)
August 9th, 2022

What is Negligence? (And How It Works)

Negligence is accidental harm that arises due to a failure on your part to prevent the harm. Negligence is made up of four legal elements: duty, breach, causation, and harm. Unlike with criminal acts or intentional torts (such as assault and battery or false imprisonment), you don’t intend to commit a negligent act. 

business
Coffee Shop Insurance: What Do You Need?
August 8th, 2022

Coffee Shop Insurance: What Do You Need?

A guide to what insurance coffee shop owners need. For a quick coffee shop quote, you can get an instant rate online through our website, or if you are looking for advice from an expert, you can give us a call anytime.

real estate
What Insurance Coverages Do Commercial Landlords Need?
August 8th, 2022

What Insurance Coverages Do Commercial Landlords Need?

Landlord insurance policies, commonly called lessors risk policies, provide liability and property coverage for building owners who lease part or all of a building they own. Here is what you need to know about the insurance coverage needed to protect yourself.

construction
Surety Bonds Vs Insurance - What's The Difference?
August 4th, 2022

Surety Bonds Vs Insurance - What's The Difference?

Although they have some similarities, insurance and surety bonds are two distinctly different types of financial products that have completely different uses. Here is the different between surety bonds vs. insurance and why you might need both

construction
Heavy Equipment Insurance: How Much Does It Cost?
July 13th, 2022

Heavy Equipment Insurance: How Much Does It Cost?

If you are a contractor, chances are you have equipment you will need to insure—either to protect your investment or to comply with certain loan requirements. We’re here to help, so give us a call if you have any questions or are looking for a heavy equipment insurance quote.

construction
When Should You Hire A Carpenter Vs A General Contractor
July 11th, 2022

When Should You Hire A Carpenter Vs A General Contractor

Knowing which contractor to hire means understanding the difference between general contractors and carpenters.

business
Retail Business Insurance: What Coverages Do You Need?
May 14th, 2022

Retail Business Insurance: What Coverages Do You Need?

Retail businesses face unique risks. They don’t just have a lot of foot traffic coming through stores; they might also have large amounts of money tied up in inventory or various properties sitting on the premises or in a warehouse. Here is everything you need to know about your retail business insurance.

business
How Much Does Independent Contractor Insurance Cost?
April 28th, 2022

How Much Does Independent Contractor Insurance Cost?

About 1 in every 10 U.S. workers is an independent contractor, and outsourcing to these professionals is now considered a mainstream way for companies to acquire labor for their various projects or operational needs. Here is what you need to know about independent contractor insurance and how much it costs.

construction
What is Contractor’s Tools & Equipment Coverage?
April 27th, 2022

What is Contractor’s Tools & Equipment Coverage?

The Contractors Tools & Equipment insurance policy is designed to provide coverage for a contractor’s equipment, tools, and machinery, wherever you may take them.

construction
Hiring Roofing Subcontractors For Your Business: 4 Key Tips
April 22nd, 2022

Hiring Roofing Subcontractors For Your Business: 4 Key Tips

If you are a general contractor, roofer, or even a home remodeler, there might be times when you need to hire a roofing subcontractor to assist you on a project. Here are four tips to use when hiring a roofing subcontractor.

business
What is Kidnap and Ransom (K&R) Insurance?
April 20th, 2022

What is Kidnap and Ransom (K&R) Insurance?

A kidnapping and ransom insurance policy is a much needed insurance policy for individuals or companies that are subject to kidnapping risk. Not only will this policy help you pay for a kidnapping ransom, but they will also assist you with an expert team to help you negotiate the release of your employee or loved one.

construction
Subcontractor Agreements: 5 Things You Need To Know
April 14th, 2022

Subcontractor Agreements: 5 Things You Need To Know

Subcontractor agreements can be difficult to put together on your own. Between a hold harmless agreement and the detailed insurance requirements, it is easy to overlook something that could be vital. Here are the top five things you can expect to see in almost every subcontractor agreement. 

business
Commercial Property Insurance: The Ultimate Guide
April 6th, 2022

Commercial Property Insurance: The Ultimate Guide

Businesses of all sizes and industries purchase commercial property insurance to cover their building and building contents. Here is everything you need to know about the coverage property insurance policy and our recommendations on how to get the best coverage for your business.

business
Can You Tell An Independent Contractor When To Work? (Explained)
March 28th, 2022

Can You Tell An Independent Contractor When To Work? (Explained)

There are certain laws you need to know when dealing with independent contractors. You can only exert a certain amount of control over independent contractors before they become employees by law.

construction
Electrical Contractor Insurance: What You Should Know
March 18th, 2022

Electrical Contractor Insurance: What You Should Know

LandesBlosch has been insuring contractors since 1922. Get an instant quote online from 10 leading insurance companies.

business
When Is Workers Compensation Not Required For Employees?
March 4th, 2022

When Is Workers Compensation Not Required For Employees?

In most states, workers compensation insurance (workers comp) is legally required. However, depending on your state laws, some types of employees are exempt from needing workers comp, and employers therefore do not have to provide workers comp insurance to them.

business
Workers Compensation Insurance: The Ultimate Guide
March 1st, 2022

Workers Compensation Insurance: The Ultimate Guide

While workers comp provides both the employee and employer with certain protections, it comes with a set of guidelines and standards the employer must follow to ensure compliance with the law. Here is everything you should know about workers compensation insurance.

business
Dental Office Business Insurance: What You Need To Know
February 28th, 2022

Dental Office Business Insurance: What You Need To Know

As healthcare providers, dentists need to make sure they have quality insurance from an experienced insurance company to protect their practice in the event of a lawsuit or loss.

business
Is My Oklahoma Independent Contractor Actually an Independent Contractor?
February 24th, 2022

Is My Oklahoma Independent Contractor Actually an Independent Contractor?

An independent contractor is not determined by the title the business gives them, but rather a distinct set of standards set by Oklahoma law.

business
Professional Liability Insurance For Consultants - Explained
February 22nd, 2022

Professional Liability Insurance For Consultants - Explained

Everything you need to know about professional liability insurance for consultants and consulting companies.

business
The Ultimate Guide To Hotel Insurance: What You Should Know
January 25th, 2022

The Ultimate Guide To Hotel Insurance: What You Should Know

What hotel owners need to know about options for hotel insurance, requirements for coverage,  and how to get the best deal in the market.

business
Do 1099 Employees Need Workers Compensation?
January 24th, 2022

Do 1099 Employees Need Workers Compensation?

Does an employer have any responsibility to provide workers compensation to a 1099 contractor? Does a 1099 contractor need to provide workers compensation to themselves. even though they don’t have employees? The answer to both questions is yes, and we’ll explain why.

business
A Guide To Commercial Landlord Insurance: What To Know
January 23rd, 2022

A Guide To Commercial Landlord Insurance: What To Know

Although some rate increases are unavoidable, you can mitigate many large renewal increases with a little knowledge of how your insurance policies work, and an understanding of what underwriters are looking for. Here is what you need to know.

business
How Does Public Liability Insurance Work?
January 22nd, 2022

How Does Public Liability Insurance Work?

Public liability insurance is a portion of the CGL policy that protects you from third-party claims that originate from an injury on your property. If a member of the public is injured while on your property, this policy would help cover the costs you would incur from that injury. This policy protects against premises liability claims.

business
E&O Insurance Quotes
January 19th, 2022

E&O Insurance Quotes

E&O insurance protects your business from lawsuits arising from the services or advice you gave that negatively impacted your clients. Get an online quote today.

business
Civil Engineering Errors & Omissions (E&O) Insurance - Explained
January 18th, 2022

Civil Engineering Errors & Omissions (E&O) Insurance - Explained

Civil engineering errors and omissions insurance is critical to protect your firm from lawsuits that arise due to mistakes in your work or services. If you are looking for more information on an E&O policy or need a quote, give our team a call or get started online.

construction
Top 5 Types Of Construction Insurance To Protect Your Business
January 14th, 2022

Top 5 Types Of Construction Insurance To Protect Your Business

There are basic insurance policies that almost every construction company will need, whether it’s in the beginning stages of growth or running a nationwide operation. Here are the five essential types of construction insurance to protect your business:

business
Cyber Insurance Coverage Checklist: 5 Key Things To Look For
January 10th, 2022

Cyber Insurance Coverage Checklist: 5 Key Things To Look For

Cyber insurance is a necessary coverage for many businesses that operate digitally or store sensitive information on their network systems. Here are the five questions to ask when looking for cyber insurance coverage.

business
Property Managers Errors & Omissions (E&O) Insurance: A Guide
January 7th, 2022

Property Managers Errors & Omissions (E&O) Insurance: A Guide

Real estate is one of the largest investments an individual or business might have. Making a mistake that causes a loss for your client could easily result in legal action against you. Here are some mistakes that the property managers E&O policy can cover.

business
General Liability Insurance: Everything You Should Know
January 6th, 2022

General Liability Insurance: Everything You Should Know

The commercial general liability (CGL) insurance policy is one of the most common business insurance policies in America. This broad coverage insures businesses against most third-party property damage or bodily injury claims. Although there are a variety of commercial general liability coverage forms, the most common is the “CG0001 - Commercial General Liability Coverage Form.” Today we will review this form and explain how most insurance policies are put together.

construction
A Guide To Contractor Insurance in 2022
January 3rd, 2022

A Guide To Contractor Insurance in 2022

In construction, no two contractors have the same insurance policy. It is essential that you know the basics of what you have and what you might need in the future.

business
Commercial Crime Insurance Coverage: The Ultimate Guide
December 30th, 2021

Commercial Crime Insurance Coverage: The Ultimate Guide

Did you know that money and securities are excluded in a standard commercial property insurance policy? This means your business wouldn’t be covered if certain criminal behavior resulted in a loss of money or securities. The good news is that there’s another type of policy that can protect you in this situation. Here is what you need to know about commercial crime insurance.

business
CGL Exclusions: The Ultimate Guide
December 13th, 2021

CGL Exclusions: The Ultimate Guide

A commercial general liability policy is designed to cover all bodily injury or property damage. However, there are many exclusions that limit this coverage, and it no longer encompasses all property damage and bodily injury that may arise from your business. It is important to be familiar with the exclusions that apply to your business so you can find an additional policy to cover any gaps in your CGL coverage.

construction
Welding Insurance Coverage For Your Business
December 1st, 2021

Welding Insurance Coverage For Your Business

From oil pipelines to aviation, welders have their hands in a lot of industries – and with that comes substantial risk. As a welder, it is important to know what your insurance policy covers. But more importantly, you should know what isn’t covered. Welding insurance coverage is notorious for having limited options and policies with a lot of exclusions.

construction
Understanding Subcontractor Insurance - What You Should Know
November 30th, 2021

Understanding Subcontractor Insurance - What You Should Know

Subcontractor insurance can protect your business and investments in one of the most high-risk industries out there. It is important to know what your policy covers and have an insurance professional who understands your business to help guide you through the process.

construction
Painting Contractor Liability Insurance: What Is It?
November 30th, 2021

Painting Contractor Liability Insurance: What Is It?

Painting contractors often struggle to find quality insurance. From dealing with insurance companies that don't work with painters to issuing complex certificates of liability insurance to customers, it is critical to know what insurance coverage you need and to understand each policy's coverages.

construction
Roofing Business Insurance: Everything You Need To Know
November 29th, 2021

Roofing Business Insurance: Everything You Need To Know

Insurance is a struggle for many roofing contractors. This is because the price of roofing insurance can be very high compared to other types of construction businesses, and the typical coverages can leave much to be desired. Here are some tips to help you save on premiums while getting the coverages you need.

construction
Self Employed Tradesman Insurance - What Is it?
November 29th, 2021

Self Employed Tradesman Insurance - What Is it?

When talking about construction, we often think about large construction companies building huge buildings or stadiums, yet over 23% of construction workers are self-employed. Tradesmen have a variety of different needs for insurance. We recommend talking to a reputable insurance broker that can let you know what coverages they recommend for the jobs you are taking.

construction
Plumbing Business Insurance: Everything You Need To Know
November 29th, 2021

Plumbing Business Insurance: Everything You Need To Know

Getting plumbing company insurance isn't always as easy as non-construction industries. Here are some tips to help you understand what you need and how you can get the best deal on plumbing insurance.

construction
Carpenters Insurance: Everything You Need To Know
November 27th, 2021

Carpenters Insurance: Everything You Need To Know

For a carpentry business, the goal of insurance is to cover your liabilities for a good price and with the broadest, best protections. In addition to coverage considerations, you might have certain insurance requirements to meet before you can even get paid if you are working for a property manager or general contractor. In this article, we’ll help you work through these challenges so you can get the best value on your carpenter's business insurance.

construction
Business Insurance For Remodeling Companies - Explained
November 27th, 2021

Business Insurance For Remodeling Companies - Explained

Remodeling contractors have incredibly diverse risks. That is also why remodeling contractors are far more difficult to insure with the right coverages and a fair price, compared to some of their trade contractor counterparts. Here are some of the problems remodeling contractors might face and how to address them.

construction
HVAC Business Insurance: What You Need To Know
November 27th, 2021

HVAC Business Insurance: What You Need To Know

HVAC contractors face a unique risk in the construction industry. Nearly every building in the United States has heat and air, and operations can range from small residential units to large industrial facilities with demanding needs. Mistakes happen. Even if you do everything perfectly, you can still get involved in a lawsuit or be accused of poor workmanship. And that's where HVAC business insurance comes in – to pay for these events so your business isn't negatively impacted.

business
How Much Is A Business Insurance Policy?
November 17th, 2021

How Much Is A Business Insurance Policy?

Business insurance is a mechanism that allows you to pay a monthly or yearly premium, and in exchange, the insurance company assumes some of your business risks. Here is everything you need to know about how much a business insurance policy costs.

business
Understanding Commercial Flood Insurance - Do You Need It?
November 15th, 2021

Understanding Commercial Flood Insurance - Do You Need It?

Flooding is the most common natural disaster in the United States. A single inch of floodwater can cause $25,000 in damage to even a modest-sized building. The problem is that flooding is not covered on a commercial property insurance policy. Here is everything you need to understand about commercial flood insurance.

business
What Do You Need To Get General Liability Insurance?
November 3rd, 2021

What Do You Need To Get General Liability Insurance?

Purchasing business insurance can feel a little confusing, especially if you are new to it. With a little preparation and research, you’ll have a better understanding of the policy and ultimately get a better price on your insurance.

business
Personal Use Of Company Vehicles: What To Know
October 29th, 2021

Personal Use Of Company Vehicles: What To Know

Many companies are allowing their employees to drive business vehicles for personal use, whether it’s an owner driving to the store or an employee running an errand. Although it appears to be harmless, allowing company vehicles to be used for personal use opens up your business to a significant amount of legal risk. Your business could be on the hook financially and face damage to its reputation is certain actions occur, such as drinking and driving or a severe personal accident.

construction
What Is The Cheapest Contractor Insurance?
October 22nd, 2021

What Is The Cheapest Contractor Insurance?

Finding the cheapest contractor insurance isn't as straightforward as one might think, especially in the construction trades. Here are our tips and tricks to help you find the best deal.

construction
What Is Completed Operations Liability Insurance?
September 24th, 2021

What Is Completed Operations Liability Insurance?

Completed operations liability is an insurance coverage typically included on most commercial general liability (CGL) policies. It pays for damages caused by your work that occur after you complete a job. This coverage is most often utilized by construction companies.

business
What Is Errors And Omissions Insurance?
September 24th, 2021

What Is Errors And Omissions Insurance?

Errors and omissions insurance (E&O; it’s also called professional liability insurance or professional indemnity insurance) addresses coverage gaps found on commercial general liability policies. These gaps often occur when professional services harm a client but do not cause bodily injury or property damage.

business
The General Aggregate Limit - What Is It?
September 23rd, 2021

The General Aggregate Limit - What Is It?

The general aggregate is the maximum amount of money a liability insurance policy will pay in a given policy term. Here is just about everything you need to know:

business
Personal And Advertising Injury Coverage - Explained
September 22nd, 2021

Personal And Advertising Injury Coverage - Explained

Personal and advertising injury liability is important to most businesses. It can help you recover from mistakes you make in oral and published material, as well as some additional coverages such as false arrest and wrongful eviction.

business
Licensed, Bonded And Insured Business: What Does This Mean?
September 21st, 2021

Licensed, Bonded And Insured Business: What Does This Mean?

Although “licensed, bonded, and insured” doesn't mean anything too specific, it does indicate that you can perform the work and that you are trustworthy. It also tells potential customers you have insurance to cover any accidents while performing the work.

food & beverage
Restaurant Insurance: A Guide For Small Business Owners
September 20th, 2021

Restaurant Insurance: A Guide For Small Business Owners

Restaurant insurance is an important ingredient to any successful establishment. It allows you to pay a monthly premium so you don't have to prepare for an accident to harm your business. This insurance will also help you deal with these problems as they arise so that you can continue to spend your time running your business.

business
How Do You Compare Different Business Insurance Quotes?
September 13th, 2021

How Do You Compare Different Business Insurance Quotes?

It is possible for one insurance company to be cheaper than another, but it’s important to understand why you’re getting that lower price. Sometimes you can run into a great deal on insurance, but other times that good deal turns sour when you dive deeper and see the problems.

business
Part Time Business Insurance - 5 Things To Know
August 29th, 2021

Part Time Business Insurance - 5 Things To Know

A part-time business is a small business that doesn’t require the traditional 40-hour work week. Doing a business part time is a sensible option for many entrepreneurs who want to start a business, but want to lower the risk by keeping another job. The road to success isn't without its challenges, though. There are risks to owning and running a business that you need to be aware of.

business
What Is A Certificate Of Liability Insurance (COI)?
August 20th, 2021

What Is A Certificate Of Liability Insurance (COI)?

A certificate of liability insurance is proof that you possess liability insurance coverage. This document describes the types of liability coverage you have; it also details the coverage and provides information about the insurance company issuing the coverage.

business
What Is EPLI Insurance?
August 5th, 2021

What Is EPLI Insurance?

As an employer, you have a tremendous responsibility. You are responsible for not only adhering to numerous laws, but also for handling extremely sensitive situations on a daily or weekly basis. But the fact remains, most employers aren't employment lawyers, and even if they were, it would be impossible to keep up with laws and run a business.

business
What Is Commercial Insurance? An Introduction
July 23rd, 2021

What Is Commercial Insurance? An Introduction

Commercial insurance can seem complicated. There are virtually unlimited options for you to purchase or not purchase. Knowing the basics with some commercial insurance 101 knowledge can help you manage your business risk, while helping you save money on coverage that you may not really need.

business
Directors and Officers (D&O) Insurance: An Overview
July 21st, 2021

Directors and Officers (D&O) Insurance: An Overview

D&O insurance provides a great set of coverage that most organizations could greatly benefit from. Similar to how you purchase general liability insurance to protect your organization from liabilities, D&O insurance is protects the owners, executives, and leaders from the liabilities of running a business. 

business
How To Find Cheap Workers Compensation Insurance In OK
July 15th, 2021

How To Find Cheap Workers Compensation Insurance In OK

Right now, workers compensation is one of the most competitive and desirable types of policies for insurance carriers. With the right knowledge and the right team, you can take advantage of the competitive marketplace to not only lower your workers compensation premiums, but possibly your other insurance policies.

business
Side A D&O Coverage: 6 Things You Should Know
July 5th, 2021

Side A D&O Coverage: 6 Things You Should Know

Side A D&O Provides financial protection when a company cannot or will not indemnify the individual directors and officers, such as per a court order.

manufacturing
Manufacturers E&O: Everything You Need To Know
June 30th, 2021

Manufacturers E&O: Everything You Need To Know

Being legally liable for financially harming a client because of a manufacturing error is a very real risk. You will most likely have to pay for the damages, but the commercial general liability policy will not help in either the defense costs or the settlement/judgement against you. That is where manufacturers E&O comes in.

business
General Liability Vs. Errors & Omissions Insurance - Explained
June 17th, 2021

General Liability Vs. Errors & Omissions Insurance - Explained

When deciding on E&O vs. general liability insurance coverage, you need to take a deep dive into what your actual exposures are. Without doing so, you might risk either wasting your money or having a large risk that is not covered by your insurance program.

technology
Technology E&O Insurance: What Is It?
May 25th, 2021

Technology E&O Insurance: What Is It?

Technology Errors & Omissions (Tech E&O) is an insurance policy that protects you from liability when mistakes in your technology products or services cause financial harm to the customer, user, or others.

business
What Is A Cyber Insurance Policy: What You Need To Know
May 18th, 2021

What Is A Cyber Insurance Policy: What You Need To Know

A cyber insurance policy provides financial protection from any actual or suspected data breaches or cyber-attacks that occur on your company's computer systems.

food & beverage
Liquor Liability Insurance: Everything You Should Know
May 13th, 2021

Liquor Liability Insurance: Everything You Should Know

Liquor liability insurance is a commercial policy that pays for certain damages arising from selling, serving, or furnishing alcoholic beverages.

business
Defamation Insurance For Businesses - Explained
April 1st, 2021

Defamation Insurance For Businesses - Explained

There is a section in the commercial general liability policy that covers defamation for businesses. Here is everything you need to know about it.

business
5 Types Of Business Insurance Your Company Needs
March 18th, 2021

5 Types Of Business Insurance Your Company Needs

Liabilities relating to property damage, injuries, lawsuits, weather events, and government fines can be a regular part of running a business. Insurance is a tool that transfers specific liabilities and risks from you to an insurance company in exchange for monthly or annual premium payments.

construction
Understanding Contractors Errors & Omissions (E&O) Insurance
March 1st, 2021

Understanding Contractors Errors & Omissions (E&O) Insurance

Contractors errors and omissions insurance, also referred to as E&O insurance, protects trade contractors from damages arising out of faulty workmanship, limited design services, recall of their work, or use of defective materials.

business
ACORD 126: Everything You Need To Know
February 18th, 2021

ACORD 126: Everything You Need To Know

The ACORD 126 form serves three purposes; to collect, verify, and update information pertinent to your commercial general liability insurance policy.

construction
Contractors Pollution Liability (CPL) - What To Know
February 18th, 2021

Contractors Pollution Liability (CPL) - What To Know

Contractor’s pollution insurance pays for damages that you become legally obligated for as a result of a "pollution incident" arising out of your activities.

construction
Contractor Indemnity Insurance: Everything You Should Know
February 15th, 2021

Contractor Indemnity Insurance: Everything You Should Know

Contractor indemnity insurance (often called contractors professional indemnity insurance) is a professional liability policy. It’s often purchased by general contractors, design-build contractors, and construction managers purchase to cover their professional liability for design services or subcontracted design services on a construction project.

business
Commercial Property Insurance: What Are The Average Costs?
January 18th, 2021

Commercial Property Insurance: What Are The Average Costs?

Determining the cost of commercial property insurance can be extremely complex. To unravel the complexities of commercial property insurance rates, you first need to have an understanding of how pricing is determined.

business
E&O Vs. D&O Insurance Coverage: What's The Difference?
January 12th, 2021

E&O Vs. D&O Insurance Coverage: What's The Difference?

The difference between D&O and E&O insurance can be tricky to understand. From breaking down the definition of “wrongful acts” to reviewing the insuring agreement, we’re here to help.

energy
Oil & Gas Insurance: What Is It?
December 21st, 2020

Oil & Gas Insurance: What Is It?

The U.S. oil and gas industry is responsible for nearly 10.3 million jobs and accounts for 8% of our national GDP. It has been a critical industry for many states for the last century. This industry is not without its risks. In fact, the oil and gas industry is one of the most dangerous when it comes to potential employee injuries and business liability. That is why a quality oil and gas insurance program is so important.

business
Tail Insurance Coverage - What Is It?
December 17th, 2020

Tail Insurance Coverage - What Is It?

“Tail coverage” is an optional insurance provision found on a claims-made policy. It allows the insured to report claims against a policy for a specified period after the policy has expired.

manufacturing
Manufacturing Insurance: What You Need To Know
November 12th, 2020

Manufacturing Insurance: What You Need To Know

Manufacturing companies are an essential component of society. Every product has been designed and built to specifications. Whether you are manufacturing for the food, aviation, automotive, medical device, or even furniture industry - your product plays an essential role in people's lives. For this reason, manufacturing operations come with a lot of potential liability risks. These are all questions you should be asking yourself. These are also items that insurance can cover at a reasonable cost.

business
Hiring a Contractor Without Insurance - What Are The Risks?
November 12th, 2020

Hiring a Contractor Without Insurance - What Are The Risks?

If you’re a homeowner, business owner, or real estate investor, your properties require maintenance. Roofs wear down, plumbing leaks, and sometimes you may want to remodel your space. In these cases, you will need to hire a contractor. Hiring a contractor with general liability, automobile, and workers compensation is a must. Without it, you could be held responsible for any injury or damage your contractor causes.

business
What Is a Monoline Policy?
November 12th, 2020

What Is a Monoline Policy?

A monoline insurance policy is a term that refers to a stand-alone insurance policy that provides coverage for a risk that is typically included under a package policy or a business owners policy. A monoline policy also refers to insurance policies that do not have a "supporting line" by the same insurance carrier. For example, a commercial excess liability policy is not usually bundled in with other coverages. However, it would be considered a monoline policy if the insurance company that underwrites your general liability is different than the insurance company that underwrites the excess general liability.

business
What Is A Hammer Clause? (Definition & Examples)
November 12th, 2020

What Is A Hammer Clause? (Definition & Examples)

Even though the hammer clause is just a small paragraph within an extensive insurance program, it can have a significant impact on your professional reputation and insurance coverage.

business
Outside Directorship Liability Coverage - What Is It?
November 11th, 2020

Outside Directorship Liability Coverage - What Is It?

Outside Directorship Liability is insurance coverage on the Directors & Officers (D&O) Liability Policy. Its purpose is to extend coverage to certain additional organizations, usually non-profits, because an executive or officer of the insured company is serving on the outside organization’s board.

non-profit
Directors And Officers Insurance Claims For Nonprofits
November 9th, 2020

Directors And Officers Insurance Claims For Nonprofits

As a director or officer of a nonprofit, you could be held personally liable for financial damages caused by you as a board member. Depending on the operation and size of the nonprofit, this could be the most significant financial risk that you have.  Nonprofit leaders are sometimes even held to the same standards as corporate executives and board members. No matter your qualifications or the duties you sign up for, your personal assets could be exposed to the liability of your organization.

construction
Common Subcontractor Insurance Requirements
October 26th, 2020

Common Subcontractor Insurance Requirements

As a subcontractor, you have a unique set of insurance challenges and requirements that workers in no other industry faces. You need a flexible insurance broker on your side who can accommodate the strict requirements that you might have from your general contractors or project owners. Because unlike most businesses, your insurance must fulfill your needs and the needs of the people hiring you, or else you won't get paid for your work. Here are the typical insurance requirements we see from our subcontractor clients.

business
Finding Affordable Business Insurance In 6 Simple Steps
October 22nd, 2020

Finding Affordable Business Insurance In 6 Simple Steps

It is always smart to do your due diligence and make sure you are getting affordable business insurance that protects you. Here are six tips for finding cheap business insurance quotes.

business
What Damages Are Covered By A CGL Policy?
October 7th, 2020

What Damages Are Covered By A CGL Policy?

A Commercial General Liability (CGL) insurance policy offers protection against a wide variety of risks. Its broad protections make it the foundation of almost every commercial risk management plan and the reason we recommend this policy to every company or organization.

construction
Builders Risk Insurance: The Ultimate Guide
September 29th, 2020

Builders Risk Insurance: The Ultimate Guide

A builders risk insurance policy is designed to provide coverage for buildings and structures during the course of construction or renovation. Unlike a traditional property insurance policy, the builders risk policy covers more than just an existing structure. It covers a project from the first shovel in the ground to the completion of the building. During a construction project, you will be exposed to certain risks that are unique to buildings under construction. These include the potential for theft and your building being more vulnerable to wind damage. A builders risk policy helps protect you from these exposures.

business
What Is Employee Dishonesty Coverage?
September 28th, 2020

What Is Employee Dishonesty Coverage?

Did you know that the median loss per case of employee fraud is $125,000? Or that a typical fraud case lasts 14 months before detection and causes an average loss of $8,300 per month? There is an insurance policy to help guard your business against this, though: Employee Dishonesty Coverage.

business
General Liability Vs. Professional Liability: Which To Choose?
August 3rd, 2020

General Liability Vs. Professional Liability: Which To Choose?

General liability and professional liability (often referred to as professional indemnity or errors & omissions) are two common forms of insurance that work together, forming a comprehensive risk management solution for all types of businesses.

construction
Contractor Umbrella Insurance - What To Know
July 27th, 2020

Contractor Umbrella Insurance - What To Know

Construction and risk go hand in hand. Contractors are often required to lift heavy objects, operate large equipment, and work with high-voltage electricity to help build our homes, buildings, and infrastructures. There is no way to completely avoid these risks. You can protect yourself, though, and minimize the damage an accident can cause to both people and the company’s balance sheet. The best way to do this is to purchase a contractor umbrella insurance policy.

business
Commercial Package Policy (CPP) - What Does It Consist Of?
July 20th, 2020

Commercial Package Policy (CPP) - What Does It Consist Of?

A commercial package policy (CPP) is an insurance policy that combines commercial general liability and commercial property insurance. A CPP lowers costs, broadens coverage, and simplifies the buying process.

business
Oklahoma Workers Compensation Insurance - Explained
July 17th, 2020

Oklahoma Workers Compensation Insurance - Explained

Running a business with employees is a huge undertaking. In addition to developing a competitive product and winning business, you also have to manage people and deal with the regulations associated with having employees. It is a large responsibility, and not one you should take lightly. Once you become an employer, you have to start thinking like an employer. What if an employee gets hurt on the job? What are the workers comp laws in Oklahoma, anyway?

construction
4 Biggest Contractor Risks In Construction
July 15th, 2020

4 Biggest Contractor Risks In Construction

Contractors face an incredible amount of risk every day. Operating heavy machinery, dealing with high-voltage wires, working from heights, handling hazardous materials such as asbestos…it is no wonder so many accidents happen. Here are some of the biggest contractor risks, as well as how to cover yourself during a potential event.

business
Business Insurance In Oklahoma - The Ultimate Guide
July 14th, 2020

Business Insurance In Oklahoma - The Ultimate Guide

Oklahoma is a unique state with many challenges. With a deep history in the oil and gas industry, a significant aerospace presence, and a considerable amount of tribal land, Oklahoma is a state diverse in risk and opportunity. Here are some things you should know before getting a quote for business insurance in Oklahoma.

business
Understanding Business Catastrophe Liability
June 30th, 2020

Understanding Business Catastrophe Liability

While insurance protects against events such as slip-and-falls, fender benders, and damage to a client's property, most business owners purchase liability insurance to protect themselves against catastrophic claims that would otherwise bankrupt their companies.

business
How To Get Your Business Bonded And Insured
June 29th, 2020

How To Get Your Business Bonded And Insured

Purchasing commercial insurance is nothing like insuring your personal home or vehicle. Many businesses think they can give their agent or broker some information and receive a business insurance and bond quote within the same day. While this can be true for small, very low-risk businesses, this is not the case the majority of the time. Obtaining the coverage you need can be easy if you know the steps involved and you have a plan in place.

construction
Leased Equipment Insurance - What Is it?
June 23rd, 2020

Leased Equipment Insurance - What Is it?

The ability to rent equipment is an important tool that contractors use to win bids and grow their businesses. It is important to obtain the right coverage to cover your contractual obligations, as well as develop a good relationship with the equipment rental businesses.

construction
Swimming Pool Service Insurance: For Contractors
June 9th, 2020

Swimming Pool Service Insurance: For Contractors

Swimming pool and spa contractors have a completely different set of risks than the general construction industry. Risks can arise from digging, experiencing adverse weather conditions, designing the drainage system, installing the product, or even spraying gunite. You also have to comply with strict regulations, such as the Americans With Disabilities Act (ADA) and the Virginia Graeme Baker Pool & Safety Act. There are an infinite number of things that could go wrong. By knowing what commercial swimming pool insurance you need to cover your risks, you can protect your business and its assets from potential accidents.

business
What Are Commercial Insurance Endorsements?
June 2nd, 2020

What Are Commercial Insurance Endorsements?

A commercial insurance endorsement is a document attached to your insurance policy that adds, removes, or changes your coverage in some type or fashion. You must know the function of each endorsement on your policy (especially the bad ones) to know the parameters of the insurance coverage you purchase.

business
Startup Business Insurance - Everything You Need To Know
May 14th, 2020

Startup Business Insurance - Everything You Need To Know

Starting a business is challenging. It requires an incredible amount of dedication, work, and capital. It also demands trust, not only from future customers, but also from investors and employees. It is no secret that startups need some insurance to legitimize their business and to protect what they work so hard to build. Here is a short guide to what kind of startup business insurance you most likely need, as well as some tips to make your premium dollars work hard for your new company.

business
Commercial Vs. Personal Auto Insurance - What's The Difference?
April 23rd, 2020

Commercial Vs. Personal Auto Insurance - What's The Difference?

We frequently get calls from small business owners and independent contractors about commercial insurance vs. personal insurance, and what sort of policy they should go with. While it is true that a commercial auto insurance policy is better equipped to deal with the claims that arise from commercial use of a vehicle, it is also more expensive. With price being the obvious difference between the two, why would someone want to potentially pay more for a commercial auto policy?

business
Top 4 Benefits of Commercial Insurance
April 7th, 2020

Top 4 Benefits of Commercial Insurance

From space shuttle launches to local restaurants, businesses in every industry utilize insurance to protect their investments and cash flow. Although the primary reasons to get commercial insurance depend on the values of each business, obtaining it is usually a wise decision overall. Here are the top four benefits of commercial insurance.

construction
Liability For Defects In Construction - Who Is Responsible?
April 4th, 2020

Liability For Defects In Construction - Who Is Responsible?

A construction defect occurs when a portion or the entirety of a construction project fails to comply with the agreements laid out in the contract. In essence, liability for defects in construction contracts arises when the project doesn't perform the function it should or look the way the purchaser expected it to.

business
Agreed Amount Endorsement - What Is It?
March 30th, 2020

Agreed Amount Endorsement - What Is It?

The agreed amount endorsement form, often known as the agreed value clause, is an endorsement added to a property policy when the insured and the insurer agree on the insurable value of a specific property. The insurance company then waives all coinsurance penalties and agrees to pay up to the full limit should a total loss happen.

business
What Is A Business Owners Policy (BOP)?
March 24th, 2020

What Is A Business Owners Policy (BOP)?

Business owners policies are designed to accommodate small and low-risk businesses. These companies typically don't need a custom-built insurance program with specific limits for all coverages. It combines all the core coverages (property, general liability, business income) on a standardized form. A BOP also throws in additional coverages to help you fill common gaps.

business
Top 3 Small Business Risks To Be Aware Of
March 16th, 2020

Top 3 Small Business Risks To Be Aware Of

There are many small business risks that you will face, some greater than others. Taking a proactive approach to managing these risks will reduce the severity of an event.

business
3 Defective Product Examples Your Business Can Learn From
March 11th, 2020

3 Defective Product Examples Your Business Can Learn From

If you have a business that designs, manufactures, or constructs products, you are exposed to liability once the product is out on the market. Liability from a defective product can be huge and the financial costs of such a lawsuit could cripple almost any business.

churches
Religious Institution Insurance - An Overview
March 10th, 2020

Religious Institution Insurance - An Overview

Religious institutions have risks unlike any other private or public institution. They are tasked with not only teaching their students or serving their community, but doing so while advancing their message.

churches
Insurance For Houses Of Worship - Explained
February 11th, 2020

Insurance For Houses Of Worship - Explained

As a pastor or church administrator, you are not only tasked with leading your congregation; you also have to create a stable financial foundation for your ministry to thrive. That means making sure donations are coming in. It also means making sure those donations are used to serve the church. Purchasing a great insurance program doesn’t just free you from worrying about catastrophic losses. It also lets you use church resources the way they were intended instead of preparing for disaster.

business
What Are SME Insurance Products?
January 31st, 2020

What Are SME Insurance Products?

There is a virtually unlimited number of different coverage options and combinations. However, there are some core coverages that every small and medium-sized business needs, no matter what industry they are in.

business
What Is Excess And Surplus Insurance?
January 14th, 2020

What Is Excess And Surplus Insurance?

There are many differences between excess and surplus versus standard insurance companies – often referred to as non-admitted and admitted, respectively. The biggest difference, however, is the amount of regulation between them.

food & beverage
What Is Food And Drink Insurance?
December 9th, 2019

What Is Food And Drink Insurance?

Running a restaurant or similar business is very complicated and comes with an incredible amount of responsibility. So how can your protect yourself? And what is food insurance? Food and drink industry insurance can help you manage this responsibility and protect your investments if an accident occurs. 

business
Advantages And Disadvantages Of Usage-Based Insurance
December 6th, 2019

Advantages And Disadvantages Of Usage-Based Insurance

Usage-based insurance (often called telematics-based insurance) is a growing feature of both personal auto and commercial auto insurance policies. It expands underwriting from the traditional metrics of age, gender, occupation, and financial information to also include a driving evaluation (performed by a GPS unit attached to your car). Should you try it?

business
Commercial Insurance Renewal Process: An Overview
November 12th, 2019

Commercial Insurance Renewal Process: An Overview

The commercial insurance renewal process will look significantly different for every business. Still, each renewal involves some common elements of exploring changes to your company and working with your broker to react to different market conditions.

business
What Is Extra Expense Coverage?
November 6th, 2019

What Is Extra Expense Coverage?

Most business continuity insurance (also called business income insurance) involves extra expense insurance. This coverage can be found within the commercial property insurance policy and is triggered by a direct physical loss to either your business' contents or building. Extra expense coverage pays for actual, reasonable, and necessary operating expenses you incur during the period of restoration. The coverage specifies that payment is made only for expenses that would not have been incurred if there had been no damage.

business
What Is Time Element Insurance Coverage?
November 4th, 2019

What Is Time Element Insurance Coverage?

Time element coverage insurance refers to claims of monetary loss due to the inability to use a property as a result of damage. The amount of money lost is directly correlated with the time your property cannot be used, hence the "time element."

business
Business Interruption Insurance - What's Covered?
October 31st, 2019

Business Interruption Insurance - What's Covered?

Business interruption insurance is the most important property insurance a small business can buy. In the event of a business interruption event, there are two important coverages that you will utilize: business income and extra expense. Each coverage plays a critical role in reopening your doors and keeping your business solvent during these hard (and expensive) times.

business
What Is Excess Insurance?
October 9th, 2019

What Is Excess Insurance?

The majority of business liability insurance policies come with liability limits of $1,000,000 per occurrence - but is this enough? $1,000,000 is not enough coverage for a business when the average business negligence lawsuit is $1.5 million, and the average product liability lawsuit is $7,000,000+. There is a way to cover yourself and your business, though..

business
What Is Premises Liability Insurance?
October 9th, 2019

What Is Premises Liability Insurance?

If you have a business location, whether it be an office or a storefront, the chances are that you have some premises liability risk. From customers tripping in your parking lot to an item falling on a customer - things happen.. and they occur in unforeseen ways. The good news is that these unforeseen events don't have to keep you up at night. It is most likely covered under your commercial general liability (CGL) insurance policy.

business
What is a Risk Management Consultant?
September 12th, 2019

What is a Risk Management Consultant?

A risk management consultant is an advisor who helps organizations and individuals assess their risk and develop a plan to minimize their exposure to loss. A risk management consultant can help you prepare your organization from the damage any single adverse event could cause. Whether it is developing a strategy to avoid, mitigate, or transfer any risk; creating the plan, and implementing it is critical.

business
Commercial Risk Management - Why Your Business Needs It
September 10th, 2019

Commercial Risk Management - Why Your Business Needs It

Commercial risk management is a strategy that organizations use to secure their assets, minimize liabilities, and protect the cash flow of their organization. A good risk commercial management plan will increase your business's stability and give you the tools to succeed in a marketplace that your competitors can't.

business
Business Insurance Coverage - An Overview
September 5th, 2019

Business Insurance Coverage - An Overview

Every business, large and small, has unique exposures to risks. Although there are many ways to handle your business vulnerabilities, the most popular method is through insurance contracts (known as "the transfer of risk"). If you don't know if you want to get insurance for particular business risks, ask yourself these questions.

business
What Are Risk Mitigation Strategies?
August 15th, 2019

What Are Risk Mitigation Strategies?

As a business owner, you are surely aware of how your business runs and what goals you need to meet for your business to grow and thrive. But, have you considered how your risk mitigation plan and controls fit into your growth plan? Risk mitigation is critical to lowering your liabilities so that you can use your cash for what matters most -- growth.

business
Workers Compensation Experience Modifiers: What You Need To Know
August 12th, 2019

Workers Compensation Experience Modifiers: What You Need To Know

The workers compensation experience modifier can drastically affect the pricing of your insurance program. Here is what the experience modifier is, how it works, and how you can leverage it to benefit your business.

business
Is Your Business Insurance Policy Ready For Tornado Season?
June 4th, 2019

Is Your Business Insurance Policy Ready For Tornado Season?

Spring is here and, for many, that means tornado season is in full swing. As a business owner, you need to know and understand the terms of your insurance before high winds or hail damage your property. Many different coverages could benefit your business, but below are the first things we look at and review when preparing our clients for the spring and summer weather.

real estate
What Does Building Owner's Property Insurance Cover?
May 1st, 2019

What Does Building Owner's Property Insurance Cover?

As an owner of revenue generating real estate, the chances are that you have significant assets tied up in the property. It is not only vital that you have property insurance but also have the right coverage for your building portfolio.

real estate
The Importance of Liability Insurance for Residential and Commercial Landlords
April 30th, 2019

The Importance of Liability Insurance for Residential and Commercial Landlords

The liability risks associated with owning leased real estate and apartments property can be enormous. Keeping up with activities of tenants, their guests, building maintenance, contractors, and building management is nearly impossible. Therefore, carrying general liability insurance on these properties is critical to your overall risk management strategy.  Not only does it protect you against a wide range of potential lawsuits, it even defends you against fraudulent claims.

transportation
Telematics and Usage-Based Auto Insurance
February 11th, 2019

Telematics and Usage-Based Auto Insurance

Could telematics or usage-based insurance (UBI) prove to be an effective solution to lower business auto insurance rates?

business
How to Incorporate Your Business in Oklahoma
February 8th, 2019

How to Incorporate Your Business in Oklahoma

Incorporating your business is a critical step in managing your risks. Here are 7 steps to incorporate your business in Oklahoma.

business
What Does General Liability Insurance Cover?
January 29th, 2019

What Does General Liability Insurance Cover?

Whether it be a slip and fall, your product harming someone, or even frivolous lawsuits; you need to know how your commercial liability insurance would respond.

business
The Real Cyber Risk
December 20th, 2018

The Real Cyber Risk

If you are like most small to medium sized businesses in America, you do not have a team of cyber security experts on staff. Even though nothing can replace such a team, there are steps you can take to not become another headline.