Tristate Business Insurance Blog

It only makes sense to speak with an insurance broker. Whether you need business insurance or personal insurance, insurance companies only have one price and one package to offer you. An insurance broker has numerous insurance companies with which to work, so can provide you with the best policy at the right price.

An insurance broker for either business insurance or personal insurance can look at what many insurance companies have to offer and create a policy for you for the most bang for your buck. When times are tight, why spend unnecessary money on insurance?

When you have an insurance broker look at your insurance policies, you will almost always save money. You will save money either on the cost of your policy per year, on the amount of your policy coverage per expenditure, or if the worst should happen, you will get the most money back in the event of a loss.

It doesn’t cost any money to have TriState Business Insurance review your current policy, contact us.

With the increase in commercial insurance costs and the increase in the cost of doing business today, business owners need to be careful in how they are spending their money. Increases in competition and the tightening of wallets make it more challenging than ever to increase profits.

If your business is insured through a large insurance company, it may be worthwhile to consider insurance brokers for your business insurance.
 
Insurance brokers have your best interests and your bottom line in mind when they develop an insurance policy custom made for your business. Insurance brokers, TriState Business Insurance in particular, understand you and your business better than any “big box” insurance company can.

Working as liaison between you and the insurance company your independent broker knows how to develop a policy that can protect you from liability and damages while giving you the most for your money. If you need a particular type of insurance, like liquor liability or garage insurance, a broker can shop around where a big brand insurance company cannot. This makes the broker unique; the broker works for no one insurance company.

This is how a  business insurance broker can offer your business a competitive advantage.

If you want competitive rates and an effective insurance solution, contact TriState Business Insurance.  

Certainly, being in the restaurant or food business, you are wary of food borne illness. Responsible restaurants and caterers need to be insured for liability from injuries or lawsuits. This means insurance for exposure to revenue loss as a result of potential Food Borne Illness Outbreaks.

Also known as business interruption insurance and extra expense coverage, TriState Business Insurance underwrites insurance for food borne illnesses for restaurants, caterers and bars.

The hospitality industry is vulnerable to food borne illness. The results of food borne illness outbreaks are devastating.  Your business needs Business Interruption Insurance.

Essentially, you need insurance against the stoppage of revenue; if the revenue drops you need a way to cover business expenses. Standard Commercial Insurance Policies may not help you in the event of a food borne illness scenario. For information on Business Interruption Insurance or Food Borne Illness Coverage, contact us.

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.

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.