Robinsons Insurance Agency Blog
The Need For A BOP Insurance
Because it is expressly created for freelancers and small company owners, a Business Owners Policy (BOP) is a popular choice among entrepreneurs.
It's a popular choice among entrepreneurs as it is expressly created for freelancers and small company owners.
From fire and theft to property damage and litigation, your BOP has you covered. Let's look at BOP and when and why they are useful.
Does a Handyman Need Insurance
A handyman does a lot of maintenance work ranging from minor drywall patch-up to replacing a roofing shingle. The question is how does a handyman different from a general contractor and other specialty trade contractors? Most insurance companies would differentiate a handyman from a General Contractor by the amount of each project or completed job. Most insurance companies classify a handyman if he is not earning more than $2,500 per single job and anything more than that is already considered a specialty trade or a general contractor. With the current US inflation rates and materials getting more expensive, that $2,500 gray area can be easily crossed. Each state also has specific definition what a handyman and GC can legally do so best to check the state's website for licensing rules and work permit requirements. Just like other type of contractors, a handyman mainly needs a General Liability insurance, to protect himself and his business from financial loss against third parties who might sue him and his company for bodily injury or property damage.
Accidents happen, no matter how careful a driver you are. And if they do, it's your insurer's responsibility to mitigate the financial consequences. After all, that's why you have auto insurance.
Accident forgiveness coverage is a way insurers achieve this. Here's a look at what accident forgiveness is, how to qualify for it, and the advantages of having it.
When you operate a business, you are responsible for diverse people, from staff to consumers. Moreover, your company's operations can have major and severe implications for these consumers.
To know more about why you made the right choice in getting your insurance and why you should keep it, keep on reading.
What Type of Insurance Do HVAC or Air Conditioning/Refrigeration Contractors Need?
In Texas, a Certificate of Insurance is required when an initial application for license is submitted and when there is a change in license assignment like a name change upon the request of the department. The insurance Acord form is acceptable proof of insurance as long it provides the following information: licensee name and number, A/C company name with address, policy number and effective/expiration dates, limits of coverage, insurance company name and contact information, and signature of authorized insurance representative.
Having a contracting company comes with its own set of dangers. There are several ways for individuals to become injured or for property to be damaged. Whatever physical injury or property damage occurs on the project, the contractor will almost certainly be the one to file a claim—and may be obliged to pay for out of hand.
If you're still unsure about how your insurance works, here's a refresher on the many types of contractor's insurance and their relevance.