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What types of insurance do home renovation contractors need?
A home renovation job isn't just about making a space look good — it's also about making sure it's safe and functional. Your business as a contractor is the same. Let's take a look at some policies that can help protect you as you take on more home renovation jobs. General Liability insurance General liability coverage is often requested before clients hire you as it shows you can handle costs should an accident happen. This type of insurance is designed to help cover you in case of: Third-party property damageClients' bodily injury that might occur during the course of your work For example, if you accidentally damage a client's furniture while working, this policy can help cover the costs of legal fees and damages. Contractors Errors & Omissions insurance Even the most careful and experienced contractors can make mistakes. Errors and omissions insurance can help protect you from professional liability, such as: Errors that cause clients financial harmNegligence claims For example, if you're accused of poor work on a stairwell that caused your client injury, this insurance can help cover any legal fees. Workers' Compensation insurance If you have employees, workers' compensation insurance is required by law in many states. You might also need it for yourself to get a general contractors permit. This insurance can providescoverage for: Employees' medical expenses if injured on the jobLost wages while the employee recoversEmployers liability if you're sued for the workplace injuries Tools and Equipment insurance Since your tools and equipment are what allow you to carry out business tasks, it's worth considering tools and equipment insurance. This includes coverage for: Equipment you ownEmployees' tools and clothingAny borrowed tools or equipment Commercial Property insurance If you own or lease a physical work or storage space, this coverage can be a game-changer. Commercial property insurance can cover: Business equipment theftInventory or materials that get damaged because of a covered event, like a burst pipeBusiness income interruptions because of a temporary shutdown » Check out the licensing requirements for contractors by state Protect your home renovation contractor business with NEXT Insurance can be a tool that can help you avoid financial and reputational damage. And NEXT can help you tailor your business insurance to suit your needs. To view your options, simply apply online and get an instant quote in less than 10 minutes. Then, get your certificate of insurance and share it 24/7 with the NEXT app.
Asked 5 months ago
Does Amazon seller business insurance cover business interruption?
Yes, Amazon seller insurance can cover business interruption. Business interruption coverage Amazon seller insurance can include a commercial property policy or a business owner's policy. These coverage types can have business income insurance, also known as business interruption insurance. With this layer of protection, you can make sure you have the right cover to help in case you have to shut down operations temporarily or face shipping delays. Benefits of business interruption coverage You can reap a number of benefits with business interruption coverage, such as: Lost income and employee wages coverage during the period of interruptionHelp with extra expenses incurred as a result of the interruptionOngoing expenses, like rent or mortgage payments, can be coveredPeace of mind knowing that the business is protected against unexpected disruptionsImproved resilience in the face of unexpected events How NEXT can help protect Amazon sellers With online retail comes delays, particularly in the fulfillment process, so having the right coverage for your business needs is highly recommended. With NEXT, you can tailor your Amazon seller insurance to ensure you have business interruption coverage. You’ll have instant access to your certificate of insurance once you purchase coverage, and you can share it 24/7 with the NEXT app. » Want to know more? Get an instant quote online to view your options
Asked 5 months ago
Does retail insurance cover damaged storefront windows?
Yes, retail insurance can cover damaged storefront windows. This is where the right insurance coverage comes in. How retail insurance can help A broken window not only poses a safety hazard but can also lead to lost inventory, revenue and customers. Luckily, retail insurance can include a commercial property policy to help with repairs or replacements. The policy can help with damage to: BuildingsFixturesEquipment » Learn more about small business insurance basics Steps to follow if your storefront window gets damaged When unforeseen incidents take place, it's useful to try and stay level-headed. You can use these steps to help handle the damaged window: Document the damage with photos and notesClean the area to prevent further damage or injuryReview your policy to double-check that you are coveredFile a claim with your insurance provider and include all details What to do next? At NEXT, we understand the importance of protecting your business assets. That's why we offer a range of insurance products designed specifically for small retail businesses. Whether you need coverage for property damage, liability claims or employee injuries, we can have you covered. To view your options, simply apply online and get an instant quote in less than 10 minutes.
Asked 5 months ago
Does food and beverage insurance cover damage caused by kitchen fires?
Yes, food and beverage insurance can cover damage caused by kitchen fires if you have commercial property insurance included. And this is coverage worth considering since, according to the National Fire Protection Association, the leading cause of fires in food and beverage businesses is cooking equipment. So, how can food and beverage insurance help? Which damages are covered? Understanding the specific situations that qualify for coverage can better safeguard your business against major financial losses. Some of these incidents can include: Accidental fires caused by equipment malfunctions or electrical issuesFires resulting from employee mistakes, such as leaving food unattended on the stove or using faulty appliances Which damages aren't covered? Knowing the extent of coverage can help you make informed policy selections and put adequate safety measures in place. Some typically uncovered fire-related events can include: Fires caused by intentional acts, such as arsonFires resulting from negligence or lack of maintenance, such as failing to clean grease traps or ignoring faulty wiring Don't get burned — Let NEXT help protect your business To avoid losing business or exhaustive repair costs because your equipment was damaged in a kitchen fire, we recommend food and beverage insurance with a commercial property policy. If you're unsure, NEXT can help. We offer fast, affordable business insurance customized for your needs. To view your options, simply apply online and get an instant quote in less than 10 minutes. » Picked out your coverage plan? Get your certificate of insurance and share it 24/7
Asked 5 months ago
What type of insurance do I need as a self-employed interior designer?
As a self-employed interior designer, your creative flair brings spaces to life. However, every project has potential risks, ranging from accidental property damage to client disputes. And with the industry's employment up by 4.2% since 2018, it's an opportune time to make sure you're safeguarding your business and protecting its growth. With the right interior designer insurance, you can focus on your work without worry. Types of insurance for self-employed interior designers Interior designer insurance can be made up of multiple policies. General Liability insurance This policy can cover: Third-party bodily injuryProperty damagePersonal and advertising injury claims For example, if a client is injured due to your equipment, this can help cover the costs. Also, it's often required by residential and commercial clients. Errors and Omissions (E&O) insurance This coverage offers protection against: Claims of negligenceProfessional mistakes For instance, if a client alleges that you installed the wrong window treatments, this can help cover legal fees and potential settlements. » Find out more about the types of defense to negligence claims Commercial Property insurance If you own or rent a workspace or house with expensive design equipment, this can help save you from financial losses. It can cover damages to your workspace or equipment due to: FiresWindstormsTheftOther covered events Workers' Compensation insurance Even as a self-employed interior designer, this policy may be required if you have other employees. It can provide coverage for: Employees' medical expensesLost wages Workplace injuries can occur unexpectedly, even in a seemingly safe environment like an interior design studio. For instance, if an employee slips at your studio while carrying supplies to a storage room and gets injured, this policy can help. Commercial Auto insurance If you have a vehicle for work-related tasks, like driving to and from clients' homes, this policy can help with cover for: Collision repairsMedical feesProperty damage caused by motor collisions For example, if you crash into a neighbor's front fence, this coverage can help with any medical bills you may have and repair or replacement costs for the fence. Interior designer insurance for your business To help protect your livelihood and your business's reputation, interior designer insurance can be a wonderful investment. So, why not reduce risks with the right insurance so you can focus on your designs and clients? With NEXT, you can get fast, affordable business insurance customized to your specific business needs. Simply apply online and get an instant quote in less than 10 minutes. Once you've chosen your coverage, you can get a certificate of insurance and share it 24/7 with the NEXT app.
Asked 5 months ago
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