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Common Commercial Insurance Mistakes (and How to Avoid Them)

Mark Jackson Insurance Agency

From underinsuring key assets to misunderstanding policy exclusions, commercial insurance missteps can leave your business exposed to financial loss. Choosing the Wrong Deductible It’s tempting to choose a higher deductible to lower your premium, but that can backfire in the event of a claim.

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Business Owner’s Policy for Restaurants

Distinguished

To stay resilient, restaurant owners need insurance that helps them recover quickly and mitigate financial losses when something goes wrong. General liability coverage protects against third-party claims involving bodily injury, property damage, or advertising injury from slip-and-fall accidents to food-related complaints.

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Understanding Negligence and Liability for Small Businesses – Protect Insurance

Protect Commercial Insurance

And finally, there must be damages – a real injury or financial loss. Even if you never intended harm, a single incident can lead to hefty legal fees, compensation payouts, reputational damage and higher premiums in future. First, there has to be a duty of care – a legal responsibility to act in a certain way.

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Insurance for Apartment Building Owners: Protecting Your Client’s Investments With the Right Coverage

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For example, a resident suffered severe injuries a fractured tibia and fibula after slipping on black ice while walking to her car. Ordinance or law coverage : Covers the cost of repairing or rebuilding structures to meet current building codes after a covered loss, even if the existing structure was not up to code.

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Landlord Insurance in Ohio: Get a Quote from Distinguished

Distinguished

Under Ohio premises liability law , property owners are frequently held liable for injuries sustained on their properties, making liability coverage crucial. With Ohio’s median rent at $1,300 per month , even a short period of vacancy can represent significant financial losses.

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Best Landlord Insurance In North Carolina For Your Rental Property!

Simply Insurance

Water Fire Windstorm & Hail Lightning Lawsuits Vandalism & theft Riot and civil commotion Injury Does Homeowners Insurance Cover Rental Properties? Landlord insurance is worth it as a landlord to mitigate your risk and protect yourself from financial loss. Is landlord rental insurance worth it?

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Best Landlord Insurance In New Hampshire For Your Rental Property!

Simply Insurance

Water Fire Windstorm & Hail Lightning Lawsuits Vandalism & theft Riot and civil commotion Injury Does Homeowners Insurance Cover Rental Properties? Landlord insurance is worth it as a landlord to mitigate your risk and protect yourself from financial loss. Is landlord rental insurance worth it?