Robinsons Insurance Agency Blog
Among the contractors, plumbers, electricians, and HVAC contractors are mostly regulated so they are required to acquire and maintain a license and insurance. Each state has a regulatory body to handle licensing requirements. The Texas State Board of Plumbing Examiners or TSBPE for example is the agency responsible for licensing plumbers in Texas, requires all master plumbers to furnish them with a current certificate of insurance. Plumbers must carry general liability insurance for claims of property damage or bodily injury, with coverage of at least $300,000 in a one-year period. But we actually recommend to maintain at least $1,000,000 coverage in general liability insurance as that is the standard limit of insurance required if you get hired by a General Contractor or work on a big project.
To legally work in the state, an electrician must be licensed and regularly take continuing education courses as specified in the program rules. An Electrical Contractor, Electrical Sign Contractor, and Residential Appliance Installer Contractor License require general liability coverage of at least $300,000 per occurrence, combined for property damage and bodily injury, $300,000 aggregate for products and completed operations, and $600,000 aggregate. The aggregate limit is the total amount the policy will pay for damage and bodily injury. What we usually offer is $1,000,000 each occurrence and $2,000,000 aggregate as it is the standard limit of insurance and this is the limit that will be required when you work for a General Contractor.
If you already have a Home Insurance policy at your disposal, the next thing to do with it would be to keep it up to date as much as possible. This way, you can keep up with the changes that can happen to your insurance policy so you can use it to your advantage.
The classic home insurance policy covers the damage from accidents inside the home and loss of belongings because of theft or natural calamities.
However, with the modern changes that occur, particularly with home-based technology, you should also try and see the changes to your policies relating to any of the following:
Despite the COVID-19 pandemic, having car insurance has never been more critical, especially now that travelers are slowly returning to pre-pandemic numbers. However, if you’re still not convinced about getting car insurance, here are some factors to consider that prove auto insurance is still essential in 2022.
The most important thing that you need to remember is auto insurance trends are not constant. You always have to be aware of the worldwide changes that could affect your auto insurance policy as a whole.
That being said, here are auto insurance trends you need to look out for in 2022 and beyond.
If you want to maximize the benefits you can get from your business insurance policy, you must understand the tenets of your existing policy. This way, you will have an idea about what you can expect from the policy as a whole.
However, what should you look for when it comes to studying your business insurance policy? What would you need to understand the policy more? These questions will be answered through this article.
We also hope that this will help you understand why you need to have business insurance policies at your disposal.