Surety Bonds: What They Are and Why Your Business Needs Them

You can begin thinking about the function, use, and risk of surety bonds by examining a typical loan scenario. Consider that you’ve opted for a financing option at your local car dealership. Perhaps you’re on the younger side, or perhaps you’re just making what is for you a relatively large purchase. The auto-dealer will only grant you that perfect two-year financing plan with the introduction of a co-signer or guarantor on the contract. You agree, and then ask your spouse or a parent or a friend to co-sign—and the auto company approves what is essentially a loan, to be paid back over the previously established two-year period. Continue reading

3 Things You Should Know About Professional Liability Insurance

Small business owner smiling.

As a business owner, professional liability insurance is a must-have.

As a business owner, you know that protecting your business is just as important as building it up in the first place. The best ideas, the best products, and the best customer experience can meaningless in an instant if an emergency takes place that prevents you from continuing to operate your business at a normal capacity. Continue reading

What to Look for in Commercial Insurance

When you’re deciding which type of commercial insurance to get, it’s important to do your due diligence. When you think about it, this kind of insurance is a safety net that protects your business in case of legal issues and/or unexpected events, therefore it is something you can’t do without. Today we will give you some tips on what to look for in commercial insurance protection. Continue reading

Does My Business Need Crime Insurance?

commercial insurance

The short answer: yes. And here’s why…

As a business owner/operator, you no doubt have commercial property insurance.  While commercial property insurance covers a wide array of issues, commercial crime insurance ensures that you have coverage for everything from property theft to fraud. Many commercial property insurance poilicies do not cover these losses. Crime insurance offers coverage for office furniture, cash, computers patents, etc.

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