Remove Building Remove Cyber Remove Property Damage
article thumbnail

Insurance Considerations When Expanding Your Business to a New Location

Mark Jackson Insurance Agency

Brick commercial office building by Binyamin Mellish Expanding your business to a new location is an exciting step toward growth, but it also introduces new risks. From property protection to liability coverage, ensuring your business insurance policies align with your expansion is critical. This coverage is required in most states.

article thumbnail

Business Owner’s Policy for Restaurants

Distinguished

Key benefits include: Property Coverage BOPs includes commercial property coverage, protecting business personal property and building structures against covered losses like fire, theft, or vandalism. A critical component of property insurance for restaurants is business income coverage.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Do You Know What Commercial Insurance Products Your Business May Benefit From?

Paragon Independent Insurance Agencies

Beyond vehicle coverage, you may also need general liability insurance, which protects against third-party claims for injuries or property damage during business operations. If you own a physical location, commercial property insurance can help protect your building, inventory, and equipment from fire, theft, or natural disasters.

article thumbnail

Restaurant Insurance in South Carolina: A Broker’s Guide 

Distinguished

Even small fires can result in expensive property damage and lengthy closures. When they do, lawsuits and reputational damage can threaten a restaurant’s survival. When they do, lawsuits and reputational damage can threaten a restaurant’s survival.

article thumbnail

Restaurant Insurance in South Carolina: A Broker’s Guide 

Distinguished

Even small fires can result in expensive property damage and lengthy closures. When they do, lawsuits and reputational damage can threaten a restaurant’s survival. When they do, lawsuits and reputational damage can threaten a restaurant’s survival.

article thumbnail

Restaurant Insurance in Charlotte, North Carolina: A Broker’s Guide

Distinguished

Over-serving of alcohol: Restaurants can face legal and financial fallout if the alleged over-serving of a patron leads to property damage or a car accident. Cyber attacks: Digital systems like payment terminals and booking systems are convenient, but they also open restaurants up to the possibility of expensive data breaches.

article thumbnail

Hotel Insurance Costs and Coverages for Brokers

Distinguished

Here is a list of the coverages that many hotels need: General liability : A basic GL policy helps cover claims associated with everyday business activities such as guests falling on premises, damage to guest property, restaurant operations, and accidents related to recreational activities. Still have doubts?