Frequently Asked Questions

Liability insurance provides protection against claims or lawsuits resulting from injuries or damages caused by you or your property to others.

Replacement cost covers the cost to replace or repair damaged property at current market prices, while actual cash value factors in depreciation.

Liability coverage is there to provide defense and settlement cost. Typically defense coverage is unlimited. Consider what is sufficient and contractually needed to protect your assets. 

A BOP typically combines property and liability insurance for small businesses, providing coverage for property damage, liability, and business interruption.

Workers' compensation insurance provides medical benefits and wage replacement to employees who are injured or become ill while working.

Property appraisals help determine the adequate limits needed. 

• Umbrella insurance provides additional liability coverage that goes beyond the limits of your primary insurance policies, offering extra protection against major claims and lawsuits. 

Business insurance needs change frequently, it advised to review at least annually to ensure your policies are meeting your growing an changing needs. 

Some ways to lower premiums include bundling policies, implementing safety measures, maintaining a good credit score, and shopping around for competitive rates.

A deductible is the amount you must pay out of pocket before your insurance coverage kicks in. Higher deductibles often result in lower premiums.