Small Business Articles

What is a Certificate of Liability Insurance?

Are you wondering, “What is a Certificate of Liability Insurance?" or “What is a COI?” (which is short for Certificate of Insurance)? Many business owners and decision-makers do. It’s a document that proves you purchased an insurance policy that protects your business from liability costs.

Home Inspector E&O Insurance: Cost & General Info

Picture this: You’re performing a home inspection and miss a problem with the electrical system. The buyer goes through with the purchase, learns that correcting the problem will cost $6,500, and sues you to pay for that expense. Compare that amount to the home inspector insurance cost for your business, and you’ll see that it definitely makes sense to have coverage.

Business Office Insurance: Everything You Need to Know

There are many risks in business offices. A visitor slips on a wet floor and injures their back. An old microwave oven shorts out and causes a fire that damages a breakroom. An employee backs a company car into another vehicle in a parking lot. Any of these incidents, and many others, can result in you being found liable for monetary damages.

E&O insurance for insurance agents: All you need to know.

As an insurance agent, you provide professional advice and services to your clients. If you happen to make a mistake, you can be liable for any financial damages caused to them. A client might also falsely accuse you of making an error, which means you have to defend yourself in court even if you didn’t do anything wrong. Consequently, you need what’s called errors and omissions insurance for insurance agents (or E&O insurance for insurance agents).