Tristate Business Insurance Blog

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.

One of the best reasons to use a business insurance broker is because an insurance broker can find great rates for you. The Hartford has made changes to EPLI and TriState Business Insurance wants to bring those to you.

With the number of EPLI claims continuing to rise, small businesses need to make sure they have the right amount of insurance coverage in place to protect them from this real and emerging risk. By decreasing the number of underwriting questions required to purchase increased limits and reducing the minimum premiums for increased limits, it is easier than ever to get the insurance coverage you need.

While, in most states, The Hartford's Spectrum Business Owner's Policy automatically includes $10,000 of EPLI coverage at no additional cost, it may not be enough. Consider...

• Costs of defending an allegation can add up quickly
• There is a 58% probability for a plaintiff verdict in employment liability claims¹
• In 2009, the average settlement award was $363,748¹ (The median settlement award was $95,000¹)

There is no doubt about it -- liability associated with poor employment practices can be costly.

Beginning in December, TriState Business Insurance can bring you the coverage you need. Here's how...

• Improved competitive positioning on increased limits - offering you the best value for their insurance dollar

     *Minimum premiums may vary due to state requirements

• Introduction of a $1M limit - offering maximum protection.

Consider increased EPLI limits. We can help protect you by offering solutions that help proactively minimize risks to your business. Contact TriState Business Insurance about EPLI.

Information from The Hartford

Did you know that if you or your employees are using personal vehicles for business and you get in an accident, the accident may not be covered under your personal auto policy? It is true.

Commercial automobile insurance is there for a reason. Make sure your employees are properly covered and save your business from unwanted risk.
 
With commercial auto insurance, the policy should include liability, property, injury, medical, collision and comprehensive, un- and underinsured motorist, towing and rental.

Every business has specific needs however. Perhaps yours is seasonal, or maybe your are in the towing business. Perhaps you are in the livery business or transport expensive merchandise. Contact TriState Business Insurance for your specific commercial auto insurance needs in the DC, Virginia, and Maryland area.