Tristate Business Insurance Blog

Does your existing business insurance give you enough coverage? Commercial Umbrella Insurance give your business more protection when your existing liability insurance policies don’t cover all the expenses.

In the event of an unexpected situation that exposes you to liability, umbrella liability or excess liability policies add give your business another layer of protection to your general liability policy or other insurance policies. You are protected when accidents happen. Accidents happen, but umbrella liability insurance helps ensure that your business is protected.

Contact TriState Business Insurance for more information on how Umbrella Liability Insurance can help your business.

When you own a restaurant, bar or nightclub, or any other business that deals in alcohol, you need liquor liability insurance. In the event of claims against your business, liquor liability insurance is insurance that protects your business against loss or damages.

Any business that deals with alcohol; whether that business manufactures, serves or sells it, liquor liability insurance is a must. Damages in suits that involve alcohol tend to be very high. This type of exposure to high liability can be very damaging to the financial security of your business. If your business serves or sells alcohol, be sure that you have the right amount of coverage.

Liquor liability coverage is available as a separate liability policy or as an add-on to your commercial liability insurance. Your standard liability coverage does not protect your business.

Virginia and Maryland are two of the few states that do not operate with Dram Shop Laws, while Washington, DC does, regardless of the laws in your state, Liquor Liability insurance is a must, contact TriState Business Insurance.

Just because you are a new or small business, this does not mean that you are exempt from large dollar lawsuits or loss. Small Business Insurance is designed to protect you, the entrepreneur, from loss as you figure out how to run your business.

While you are just starting up, you may feel that business insurance is too costly for your small business. Unfortunately, it could turn out that not having small business insurance is even more costly. In the case of a loss or a law suit, the expense can and most likely will result in fees far more expensive than an annual premium.
 
If your business faces an unexpected risk: fire, theft, injury of a worker or customer without the proper business insurance coverage, the expense of the claims could potentially put an uninsured small business or owner out of business. Having small business insurance is a must.

Contact Tristate Business Insurance, we will take care of you while you take care of your business.

Restaurants, bars and taverns are no different than other business in their need for insurance coverage. However, the types of business insurance that restaurants and bars need is more comprehensive. Restaurants require business liability insurance, workers compensation, and a host of other commercial insurance needs.
 
It is important that while you invest your time and money in your business, you have the confidence that you are covered by your insurance in every scenario that can occur.

Your bar or restaurant needs comprehensive insurance that is tailored to your potential exposure and can protect you against all circumstances. From delivery drivers to liquor liability to assault and battery to property coverage TriState Business Insurance, consults with you on a wide-range of restaurant and bar-related coverage as well as the liability needs that are unique to your restaurant, bar, or tavern.

Contact us to see  how you and your business can be better protected.

Your employees personal car insurance will not cover any work liability.  If you need commercial vehicle insurance quotes, keep in mind that there are many factors to be considered when getting a quote.

If you have employees that use their cars for business, or use your cars for business, you may need some form of commercial vehicle insurance. Whether you transport or haul or contractor you need the best commercial vehicle coverage. An auto accident is the wrong time to find out that you have the wrong vehicle coverage.
 
Commercial vehicle insurance quotes center around the type of business you run, how long you have been in business, who will be driving, and how many vehicles you are insuring. Also, you may need a 'fleet insurance' quote, if you have more than four vehicles.

Contact TriState Business Insurance, we can help you with specific commercial auto coverage.  

Many small home-based businesses are very viable, profitable businesses. But unfortunately, many home based businesses are either not insured or are not appropriately insured. Homeowners insurance will not cover a loss to your home-based business.

Business insurance is your protection when something goes wrong, whether in the form of a law suit, loss, or slip and fall. There are lots of insurance policy choices and different coverage options to protect you and your business. Here are some options that home-based consultants should obtain.

Incidental Business Endorsement
An Incidental Business Endorsement is an extension of business insurance coverage that can be attached to your homeowner’s policy. This usually covers replacement costs for equipment and designated office. It can also include general business liability coverage.
 
Professional Liability Coverage
Home based business consultants should take out Professional Liability coverage, otherwise known as Errors and Omissions (EO) insurance. For businesses that provide services, this type of insurance protects you and your business against claims by clients regarding your work performance.
 
Home and Business Owners Combination Policy
You may be able to purchase a combined policy that specifically covers both your home and your business in a single, comprehensive policy. These types of combo policies were developed specifically to address home-based business owners. This type of coverage usually provide general business coverage (including liability and the replacement of lost income), along with typical homeowners coverage (for theft and fire). It should cover incidents that occur at or away from the home office.

Contact TriState Business Insurance for information and options for your home based business.

Everywhere you look, you see large insurance companies trying to get you to buy direct for you business insurance. More and more people are forgetting that they have options when it comes to their commercial insurance policy.

Insurance companies have cookie cutter policies and they attempt to fit your business into their policy rather than the other way around.
 
Independent insurance brokers can sell policies from various companies. Insurance brokers want to design a commercial insurance policy for you. What do you need, what will cost you the least for the most effective coverage.

Insurance agents at insurance brokerages become consultants for your business creating policies and combining options for you that you are comfortable with. The misconception that all small businesses, all medium sized businesses and all large businesses fit in to some cookie cutter policy or template style insurance policy is incorrect.

Contact TriState Business Insurance, a business insurance broker, for a consultation.

Workers compensation insurance covers your employees’ medical expenses and some portion of their lost wages if they are injured on the job.

Your employees are your most valuable asset. Therefore, if an employee should ever suffer a work related illness or injury, you feel it emotionally and financially. Business owners understand all too well that employee injury history impacts both insurance premiums and ultimately business profitability.

Workers’ comp insurance is mandated by law, so often small-business owners feel as though it is an overhead expense with no benefit. But good workers' compensation insurance is an affordable and necessary benefit that protects both you and your employees.

TriState Business Insurance specializes in workers compensation insurance and general liability insurance throughout VA, MD and DC. We offer many workers compensation insurance and general liability carriers to help your business.

We advise you on the workers compensation and general liability insurance solutions that best meet the unique insurance needs of your business, contact us.

Give your business a gift this holiday season. The gift of a better comprehensive insurance policy. When was the last time you had your business insurance policy reviewed? It could be worth doing.

Every business should have an insurance policy custom-made to meet its needs. This is the advantage to using an insurance broker, we shop around. We can create a policy for your business that is the most economical way to insure your business while offering the best protection.  TriState Business Insurance teams with business owners within all industries to protect your business and your livelihood.

There is no cost or effort on your part to having your business policy reviewed. Simply call TriState Business Insurance and we’ll review your policy for you. If we can come up with a more efficient and comprehensive policy, we will, if not, either way is great for you and your business.

TriState Business Insurance designs custom business insurance solutions that provides business owners with both comprehensive and affordable business insurance coverage, contact us.  

If you offer valet services you need valet service insurance. Valet service is not just parking, valet services provide personal services to hotel guests, such as ironing clothes, laundering, dry cleaning, garment repair and shoe shining. Hotels are the clients of valet services, who use them with the goal of increasing their level of customer service.

Parking garages, restaurants, bars, hotels, theatres, hospitals and nightclubs also use valet services for parking.

General Liability Insurance for Valet Services – The above businesses that offer valet parking  services have significant exposure for valet services. Your employees could crash your customer’s vehicles or a vehicle could be broken into or vandalized while parked.
 
Your business can have Garagekeepers Legal Liability as a stand-alone policy or you can have it endorsed onto the General Liability policy of your business insurance.
 
Whether you hire a valet service or provide your own make sure you protect yourself from the potential problems that come along with auto liability. Contact TriState Business Insurance for more information on Valet Service Liability Insurance.