Does part of your business or personal experience involves shipping materials or goods overseas? Since it’s important to protect valuable assets during the shipping process, consider ocean marine insurance for items transported by sea. Here’s a deeper look at ocean marine insurance, who needs it, and what it covers. Who Needs Ocean Marine Insurance Coverage? A wide range of international
If you choose to be an independent contractor, it will take a lot of hard work for you to establish yourself as a professional. One error might negate all of your hard work and endanger your company. As an independent contractor, you face many risks, some of which are solely related to the type of work you do. The fact
To protect your business from the liabilities and costs that come with accidents and other risks that your small business faces, you should carry the right business insurance policies. Here’s a look at fifteen of the most important insurance plan. Protect Your Business Against Liability General Liability Insurance General liability insurance covers various liability claims, including property damage, bodily injury,
The transfer of consumer or personal goods in the shipping process can be by land, water, or air. If your business transports products by lands, such as with trucks or rail, you need inland marine insurance to protect the value of the items. Products can get broken or lost in the shipping process, but this coverage pays for damage or
Every day, entrepreneurs face the challenge of making good decisions for their businesses. There are tons of decisions you can make that can positively impact your business. Purchasing a bond insurance policy is one of those decisions. Most business owners think that a bond insurance policy only benefits investors. The truth is, it is an essential tool that can help
Every business faces unique risks, and thus insurance needs vary from one enterprise to another. It’s, therefore, important that you invest sufficient energy and time in evaluating your business insurance needs to choose the right coverage options. Here are some tips to get you started. Review Your Coverage Periodically A common error that business owners often make is renewing their
Small and medium-sized enterprises account for more than 95% of all businesses in New York (NY). Similar to other businesses across the U.S., these businesses face myriad challenges, including, among others, inadequate funding, natural disasters, cyber threats, theft, lawsuits, third-party claims, and bodily injuries. This means that businesses operating in NY should carry the right business insurance coverage. Here’s a
In today’s world, having insurance is important to protect yourself from unforeseen damages and losses. In fact, it is mandatory in most states to protect your home, car, or other assets. The problem is, that many people only have an insurance policy that meets the state’s minimum requirements. While it protects the policyholder, it does little to pay for the
Owning a small business is something many entrepreneurs have dreamed of their entire lives. Owning your own business allows you to fulfill your customers’ needs, enrich the lives of your employees, and make positive contributions to the economy. You also have the freedom of working for yourself. However, operating a business comes with many risks. Figuring out a plan to