Tag-Archive for Business Insurance

Business Insurance for Home Based Businesses

These days, more and more people are working out of their homes, and many of them have their own home-based business. Self-employed individuals that operate their business from their homes usually rely on their homeowner’s or renter’s insurance policy to provide protection in the event of a worst-case scenario. But while your home and personal…

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Is Your Insurance Coverage Up to Date

For most Americans, June is synonymous with the start of summer vacation. This is the time of year when the kids are out of school and we look forward to warmer weather and time off to relax and make lasting memories with our family and friends. Few people are also aware that the third to…

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How To Disaster-Proof Your Business

Small businesses face numerous challenges in today’s marketplace. In fact, a recent Gallup study showed that for the first time since the late 1970s, there are more businesses closing than there are new ones opening to replace them. This is clearly a disturbing trend, and one our country must reverse if we want to ensure…

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Does My Small Business Need To Be Bonded

You often read in advertisements the phrase “licensed, bonded, and insured.” This is particularly common with home services professionals, such as roofing contractors, siding contractors, electricians, etc. While most people understand what licensing and insurance is for, there is some confusion on what bonding does. While the two are similar, insurance and bonding serve two…

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Workman’s Compensation Fraud

Workman’s Compensation insurance claims have several different facets since the inception of the concept in the 1900’s.  The main purpose for this type of insurance is to protect a business’ bottom line while an employee recovers from an injury sustained on the job.  Under a Maryland workers compensation insurance policy, employees that are involved in…

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Does Your Business Need Key Man/Person Insurance?

Owners of small to medium-sized businesses face many issues on a daily basis. One issue the owner may not have considered is: What would happen to the business if I lost a key staff member? Could the business survive if your key employee was lost due to illness or death? What is key person insurance?…

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What Protections Does A Professional Liability Insurance Policy Provide?

Professional liability insurance (also known as errors and omissions) coverage is recommended for business owners. This coverage should be in force prior to a product launch, speaking engagements, or when working with customers. An errors and omissions policy should be at the foundation of every business owner’s insurance portfolio. Commercial or general liability policies do…

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Properly Insuring Your Business Computer Equipment

The computer equipment you purchase for your business may be one of the most important pieces of business property investments you make. Computers are necessary for almost every aspect of business today and the data stored within is crucial to your business. Whether you are an entrepreneur undertaking a new venture or a long-established business…

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Maryland Workers Compensation Insurance Requirements

Maryland isn’t the only state to require Workers Compensation Insurance, it is a state-mandated requirement for most employers in states across the country, except for Texas. If you are an employer in Maryland and have one or more employees, you will need to purchase workers’ compensation insurance for your employees. If you’re a sole proprietor…

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What is Commercial Auto Insurance and Does Your Business Need it?

Owning a business in Maryland, especially if your business involves a fleet of vehicles, performs deliveries, or operate construction vehicles means you will need to purchase commercial automobile insurance. Bear in mind that there are many reasons to shop for commercial vehicle insurance policies for myriad types of businesses and you will need to check…

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