Have questions about business insurance, claims or certificates? We’ve got you (and your business) covered.
Do I need a Business Owner's Policy as a self-employed beautician?
As a self-employed beautician, a business owner's policy (BOP) is an essential safety net. This beautician insurance solution combines general liability insurance and commercial property insurance to help protect you against various potential threats. Understanding BOP coverage for self-employed beauticians BOP can help you cover costs related to: Property damage Your salon space, equipment and other assets can be damaged due to unforeseen circumstances. For example, a fire could destroy your high-end beauty chairs or customer furnishings.Bodily injury Despite all the precautions, clients or visitors might get injured at your salon. For example, a client slips and falls because of a spill in your salon.Advertising injury Issues like copyright infringement or defamation can occur unintentionally. For example, using a competitor's trademarked term in your salon's advertisement by mistake could result in legal action.Business income interruption There may be situations where you can't conduct business. For example, a severe storm damages your salon, and you lose income during the restoration period. Extra insurance policies to consider as a self-employed beautician You can consider the following types of insurance coverage for extra protection: Professional Liability insurance Also known as errors and omissions (E&O) insurance, professional liability insurance can protect you from claims about the quality of your professional services. For example, if a client sues you claiming that the facial treatment you provided resulted in a skin infection, this policy can cover legal costs. Workers' Compensation If you have employees, workers' compensation is crucial. It can cover medical expenses and a portion of lost wages if an employee gets injured or falls ill because of their work. For example, workers' compensation can cover their medical bills and time off work if your employee develops carpal tunnel syndrome from providing beauty services. Beautician insurance designed for your business In a competitive beauty industry, it's crucial to safeguard your business with a BOP. At NEXT, we understand your beauty business is unique. That's why we offer affordable business insurance suited to your needs. Take a few minutes to answer an online questionnaire and instantly receive your custom quote. Once you've purchased your insurance package, you can immediately access your certificate of insurance and share it with others via the NEXT app. » Ready to grow your beauty business? Follow these expert tips
Asked 4 months ago
Do I need contents insurance as a commercial tenant?
Technically, no. What it comes down to is the total value of your contents and the level of risk involved. Some landlords, for instance, make commercial lease insurance a requirement. Commercial property insurance usually covers the physical building and its contents, but it also may not cover all the contents owned by commercial tenants. What can contents insurance cover for commercial tenants? Contents insurance, or business personal property insurance, can often be included with a commercial property policy and help cover the belongings inside a property. In the case of commercial tenants, this may include items such as: Furniture, like couches, desks, tables and chairsEquipment, like laptops and other electronic hardwareInventory, such as products and supplies But how do you know if you would benefit from contents insurance? The factors to consider include: The crime rate in your local areaIf you have high-value items that would be costly to replace yourself But even if your property is located in a low-risk area and the value of your contents is relatively low, there are still benefits to having contents insurance. For example, if an unfortunate event such as a fire or theft were to happen, at least you know your items could be covered. » Find out how commercial property insurance coverage can protect your business What does contents insurance usually not cover? Some items, however, may not be covered by contents insurance, such as cash or employees' personal belongings. Even if these extra items are covered, limits generally apply to all items. So, consulting with your insurer about additional coverage or different policies can be useful. Plus, for protection in case you or a client causes damage to your landlord's property, adding your landlord as an additional assured to your policy can help you avoid obscene costs. Find the right contents insurance for your business Although not required, contents coverage can help commercial tenants protect items of all value and can prevent major losses from unpredictable events. With NEXT, 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. We offer affordable, tailored business insurance that can help protect your contents to ensure day-to-day operations can continue smoothly. Get an instant quote online in less than 10 minutes to find out more.
Asked 4 months ago
Does Furniture Store insurance cover the cost of replacing damaged delivery trucks?
The simple answer — Yes. Commercial Auto insurance Furniture store insurance can include commercial auto insurance, which can help cover the following issues related to delivery truck damages: Collision repairs and replacementsProperty damage caused by a vehicle crashUnderinsured motoristsInjuriesVehicle rental reimbursements Other useful information Commercial auto insurance can also cover your employees (within the limits of your policy) if they drive the delivery trucks regularly for work. This is limited to 10 vehicles and 15 drivers in most states. Commercial auto insurance is required in almost every state if the vehicle is titled to your business and used for work operations. However, vehicles with more than two axles and drivers under 18 typically aren't covered under this policy. » Find out more about when you may need commercial auto insurance Don't let unexpected events derail your furniture store NEXT can help your furniture store get the coverage it needs: With fast, affordable and tailored business insurance, you can focus on your business with peace of mind. To view your options, simply apply online and get an instant quote in less than 10 minutes. » Find out if furniture store insurance covers accidents on the store's premises
Asked 4 months ago
Can I get business insurance for my 24-hour gym?
Gym insurance, also known as fitness insurance, can provide coverage designed to help protect gym owners from the financial risks associated with operating a fitness facility. For gyms that operate 24/7, there are additional risks you may need to consider, such as security and liability issues that may occur during off-hours. But, as a gym owner, can you get business insurance for your gym if it's open around the clock? In many cases, the answer is yes. However, your gym must be staffed with at least an attendant during operating hours. Unstaffed gyms that can be accessed by customers via key card, for example, are not eligible for NEXT coverage. Business insurance options for 24-hour gyms There are various insurance coverage options gym owners can consider if operating a 24-hour gym, including: General liability insurance: This coverage can potentially help protect your business from financial losses if someone is injured at your gym and claims it's your fault. It can also help cover costs if someone claims you or your employees are responsible for damaging their property.Professional liability insurance: This can help safeguard your business against claims of negligence or mistakes in your professional services, making it a good option for gym owners who employ personal trainers, group fitness instructors or other staff who provide fitness services.Commercial property insurance: This can help cover damages to your gym's physical property due to fire, theft, vandalism or other covered events. This policy can include business interruption insurance, which can help cover lost income and expenses in the event of shutdowns because of something beyond your control that is covered by your insurance.Workers' compensation insurance: This can help provide coverage for medical expenses and lost wages if an employee is injured or becomes ill while working at your gym. For example, if the employee suffers an injury while on duty during a lower-staffed late-night shift. Make sure your 24-hour gym is covered To avoid any excessive costs from property damage, employee and client injuries or unforeseen risks during off-hours, it's important to understand your gym's needs so that you can seek the insurance coverage most suitable for you. NEXT can help you select gym insurance tailored to your 24-hour gym. You can get an instant quote online, review options and purchase your coverage in a matter of minutes. And if you need guidance, our U.S.-based licensed advisors can answer any questions you may have. » Discover how many clients you need before your gym can be insured
Asked 4 months ago
Does Commercial Property insurance cover theft?
The quick answer is — yes. A commercial property insurance policy can be useful for business owners to protect themselves if a theft causes them financial loss. Examining theft coverage in Commercial Property insurance Commercial property insurance policies can help provide financial assistance for the following: Stolen inventory, equipment or suppliesBusiness interruption due to equipment theftAny damage to the building or premises caused by the theft Some common examples of covered theft incidents may include: Burglary: Unauthorized entry into a building and property or asset theft.Robbery: Theft by force, such as armed robbery or during a break-in.Employee theft: This refers to any theft of business assets or goods committed by an employee.Shoplifting: In a retail store, this refers to the theft of goods, such as merchandise or cash from a register. » Discover the types of contents covered by commercial property insurance The extent of theft-related coverage Theft coverage can vary depending on the terms and conditions of your commercial property insurance policy. Most standard commercial property insurance can include business personal property coverage, also known as goods, gear and inventory coverage. Named Perils coverage Some commercial property insurance policies may offer named perils coverage, and it usually only covers specific risks, such as fire or theft. If you have a named-peril policy in place for your business, it's advisable to: Carefully review your coverage options.Consider adding a rider to help ensure more comprehensive protection. » Do you own a retail store? Check out this retail loss prevention guide How NEXT can help protect your business against theft With NEXT, you can get affordable, tailored business insurance to help protect you from theft-related financial loss. To view your options, simply apply online and get an instant quote in less than 10 minutes. Once you purchase insurance, you get instant access to your certificate of insurance to share it 24/7 with the NEXT app. » Find out if vandalism is covered by commercial property insurance
Asked 4 months ago