January, 2020

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Public Liability Insurance vs Commercial General Liability Insurance

Liability Insurance

As a business owner, it is easy to get tangled in the public liability insurance vs commercial general liability insurance mix-up. They might seem similar to the uninitiated, but these premiums have their pros and cons, and its up to you to decide which one works for your business.

Public Liability Insurance

A Public Liability Policy is the first line of defense for small businesses. It insulates you from claims made for damage, injury or lost property. For example, one of your carpenters fits a client’s kitchen, then one of the cabinets falls on the customer’s children. The child sustains a broken arm, and everybody agrees you are at fault. PLI insurance can cover the child’s medical bills, leaving you free and dry. Other third parties included in this cover are:

  • Clients who walk into your business
  • Members of the public who sustain injuries during an offsite job
  • Pedestrians who are injured by your sign

General Liability Insurance

General Liability Insurance is an extension of the PLI policy. It goes well beyond the injury and damage claims to cushion your business against liabilities from faulty products, advertising injury and attorney fees. If a competitor decides to file a lawsuit for stealing their advertising ideas, GLI should blanket you from this loss.

According to U.S Risk Insurance, PLI is the starting point of underwriting your business. Once you gain momentum, upgrade to a GLI policy.

Keep the Employees of Your Agricultural Business Protected

Monarch Partners Group

As the owner of a business in the agricultural industry, it is important to take certain precautionary steps to protect your company and its assets. Proper insurance is a crucial key to keeping you and your employees safe at all times. One crucial aspect of insuring your establishment is finding suitable workers comp for agriculture businesses. Focusing on specific options in the plan can make a world of difference.

The Hazards of the Industry

The experts at Monarch Partners Group have stated that the agricultural industry and businesses involving farming are some of the more hazardous environments for workers. Statistics show that an injury happens roughly once a day in this field. Without suitable workers’ compensation coverage, you and your company could be facing some serious financial setbacks. When selecting coverage, options to focus on include:

  • Coverage for seasonal workers
  • Vehicle-related injuries
  • Heatstroke

Preventative Steps

While you might not be able to entirely prevent accidents from happening at your business, you can definitely do your part to reduce the odds. Take time to educate employees on proper safety protocol and assess the workplace every so often to ensure that your facilities meet the standards of your industry. These habits can work wonders for limiting injuries at work.

Finding the right coverage for your employees takes time. Review your options and find a plan that will help your company find success.

3 Services Every Starting Business Should Have

As an upcoming business owner, it can be overwhelming to determine what assets and resources you need to start out successfully. Some services are essential for many businesses. Spare yourself the stress and learn more about the most important services you will need to prepare your small company.


Incidents can occur at any time and create immense costs. It is crucial to protect your business and your employees with detailed coverage from Redlands insurance agencies that account for every scenario. Insurance authorities such as Arroyo Insurance Services recommend coverage for professional liability, employee healthcare, commercial property and more.


Businesses need to keep in touch with the latest technology to increase convenience for their customers and employees alike. Depending on the size of the organization, the services offered and other factors, you will need the appropriate technology to guarantee success. Some necessary advancements include automated response systems, communication devices, and the latest computers.

Building Restoration

Natural disasters can set back your business significantly, especially when running a smaller establishment. You will need to work with an insurance company to find the best restoration services around. Consider potential incidents such as floods, fires, and tornadoes when creating a plan.

Starting a business on the right note can be challenging, but not impossible. Think about the most important services and resources before you open your doors to the public.

Are You an Underinsured Homeowner?

Replacement Cost Insurance

When buying a new home, it’s hard to imagine that your investment might be completely destroyed by a flood, fire, or other natural disasters. Unfortunately, this leads to most homeowners being underinsured, purchasing only the minimum amount required. Too often, homeowners realize that they need guaranteed replacement cost coverage only after it’s too late.

The Costs of Rebuilding

Traditional property insurance generally covers the actual cash value of your home. While it’s usually the least expensive policy to purchase, it won’t cover the expensive costs of rebuilding a new home. When disaster strikes, these policies may only pay the amount of the mortgage. According to https://www.owensgroup.com/, that might be only 80 to 90 percent of the home’s actual value – even less If your home has appreciated since the purchase.

The costs of building a new home from the ground up will far exceed the amount of money you’ll get back from these types of policies. Supplies and labor costs simply aren’t covered by traditional homeowner’s policies.

Guaranteed Replacement Cost

Guaranteed replacement cost insurance is designed to help protect homeowners from being underinsured in the event of a catastrophe. This type of insurance pays the full cost of replacing the home, even if it’s beyond the policy limits. Helping homeowners avoid a “total loss” situation, this type of policy makes all the difference when you find yourself wondering what to do next.