Have questions about business insurance, claims or certificates? We’ve got you (and your business) covered.
Does retail insurance for stores cover broken items?
Retail store insurance — also known as retail insurance — can cover broken items because it can include commercial property insurance. And this must be a huge relief. With damaged goods or store property, businesses may miss out on sales and new customers. Let's take a closer look at how retail insurance can help in the event of broken store items. How a Commercial Property policy can have you covered There are various damaged items that can fall under this policy's covered events. It can also help with issues caused by the damaged items. Some of these are: Store inventoryEquipment used to run the storeLost income Some covered events can include fire, theft, vandalism and other unexpected events. What to do if your business has broken items If your store experiences broken items, you can follow these steps: Document the damage and take pictures of the broken items.File a claim. Make sure you provide your insurer with as much detail as possible. The more thorough the documentation, the easier it can be to process your claim. To minimize the risk of broken items in your store, consider implementing some precautions. For example: Train your employees on proper handling and storage procedures for inventory and equipmentMake sure your store is organized well to reduce the risk of accidentsLook into investing in security measures to prevent theft or vandalism » Check out our retail loss prevention guide to help secure your small business Peace of mind with NEXT From business interruptions to potential injuries, broken items in your store are best avoided. And with NEXT, you can customize retail store insurance so it checks all your insurance boxes. This way, you can focus on running your store without concern. To view your options, simply apply online and get an instant quote in under 10 minutes. Once you're happy with your chosen business insurance, you can get your certificate of insurance and share it 24/7 with the NEXT app.
Asked 3 months ago
Do I need insurance for my lawn care business?
It's highly recommended that you get business insurance for your lawn care business. The landscaping industry in the United States has increased by 9.7% on average between 2017 and 2022, so giving your business the best protection can help keep it blooming. Having the right coverage can help protect you from potential financial losses caused by accidents, property damage or even lawsuits. It can also help build trust with your clients, showing that you're a responsible service provider. So, what types of insurance can you consider? Lawn care insurance typically combines the following useful policies: General Liability insurance General liability insurance offers protection against third-party claims of bodily injury, property damage and personal or advertising injury. For example, if a customer's poolside furniture is damaged while you're mowing, this policy can help with: Repair or replacement costsLegal fees and settlements Errors and Omissions insurance Errors and omissions (E&O) insurance, also known as professional liability insurance, covers claims of mistakes, negligence or incomplete services. For instance, if your team accidentally damages a client's sprinkler system while mowing, E&O insurance can help cover: Repair costsAny potential legal expenses Workers' Compensation insurance Workers' compensation insurance is legally required if you have any employees and can provide protection if an employee has a work-related injury or illness. For example, if an employee hurts their back while loading heavy equipment onto your truck, workers' compensation can help cover: Medical expensesLost wages Tools and Equipment insurance Tools and equipment insurance can cover your lawn care business's tools, equipment and machinery against damage or theft. For instance, if a lawn mower is stolen from your work truck, this policy can help you: Replace the equipment Commercial Auto insurance Commercial auto insurance can help if there are accidents, damages or theft involving your business vehicles. For example, if an employee gets into an accident while driving to a job site, this policy can cover: Vehicle repair costsMedical expenses Commercial Property insurance Commercial property insurance can protect physical property, such as office space, storage facilities or warehouses, against damage from events like fire, theft or natural disasters. For instance, if a windstorm damages your storage facility, this can help cover: Building repair costsReplacements for damaged equipmentBusiness interruption » Find out what lawn care landscaping tax deductions may apply to you Take a safe step with NEXT Safeguarding your lawn care business can help protect its long-term success. Having the right insurance policies in place can make unforeseen risks and liabilities easier to manage, so you can focus on providing excellent service to your clients. With NEXT, you can get fast, affordable business insurance tailored to your needs. You can view your options 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 3 months ago
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 3 months ago
Which states require a Business Owner's Policy by law?
Typically, no state legally requires you to have a business owner's policy (BOP). However, there are some industries or circumstances where the policies typically under a BOP may be required. » Check out these small business insurance basics to know more Who may require a BOP? A BOP usually is made up of two policies. Let's look at an example of when each of these policies may be required: General liability insurance - Some agencies can ask that you have this coverage before issuing licenses or permits. This can happen in most construction jobs.Commercial property insurance - Some property owners may require you to have this policy before you can sign a lease. Lenders could also ask that you have this coverage if you're looking to pay for the property with a loan. Which insurance policies can be required by law? While BOP may not be a legal requirement, some business insurance policies are. For example, every state except Texas typically requires any business with employees to have workers' compensation insurance. There are exemptions, so be sure to check your specific state requirements before deciding for or against this coverage. Additionally, any business that owns vehicles can be required to have commercial auto insurance. This is the case in almost every state. But it's best to look into any exclusions before purchasing this policy. Prioritize your business's security with NEXT While a BOP and the policies it includes aren't necessarily a legal requirement, it can help protect your business from various risks, such as property damage and third-party injuries. Plus, it can help you gain clients because it can add credibility to your business. With NEXT, you can get affordable tailored business insurance that suits your industry and business requirements and needs. To find out more, you can chat with any of our U.S.-based licensed professionals. And to view your options, simply apply online and get an instant quote in under 10 minutes.
Asked 3 months ago
Do Business Owner Policies cover independent contractors?
Yes, business owner policies (BOPs) can cover independent contractors. For smaller businesses, liability claims and other risks can be difficult to manage. While a mega-corporation can eat the costs of a lawsuit, independent contractors can take a serious financial hit if not protected by insurance. So, how can business owner policies help? Business Owner's Policy A BOP normally includes two basic policies to help protect your business. General liability insurance — Can provide protection from claims relating to third-party bodily injury, property damage, reputational harm, false advertising and copyright infringementCommercial property insurance — Helps cover repairs and replacements of business assets, such as inventory, equipment and brick-and-mortar structures Who can get cover? A BOP can provide coverage to independent contractors of every stripe, including: CarpentersConstruction contractorsElectricians Freelance photographersFreelance writers and editorsGraphic designersHouse and carpet cleanersPainters Plumbers » Check out the general contractor license requirements Benefits of a Business Owner's Policy Because a BOP can bundle policies into one package, there are a number of plus-sides for independent contractors who purchase this coverage. Budget-friendly Can provide better financial securityCan cover potential legal costsHelps make doing business easier as clients and other businesses can place more trust in an insured contractor How NEXT can help independent contractors Business owner policies offer independent contractors flexible options to insure their businesses. This can be a weight lifted off your shoulders because it means you can be covered for costly claims, such as injury, and costly setbacks, like stolen equipment. With NEXT, you can get affordable, fast business insurance that's tailored to your specific business needs. Simply apply online and get an instant quote in less than 10 minutes. And once you've chosen your coverage, get your certificate of insurance and share it 24/7 with the NEXT app.
Asked 3 months ago