Backpacks, furniture, clothing and tea cups are all different in their design and function, but the same in how homeowners insurance classifies these items on a policy. Personal property, otherwise known as coverage c, provides coverage for all of your possessions providing they are not excluded on your policy.
The H&K Blog
Imagine you contract with the town to build a new administration building at a nearby school. The town gives you 300 days to finish the job, but includes a clause that says the town can assess damages to your business if you miss the deadline.
A form of entertainment in many restaurants, flaming beverages liven up the patron experience and is often treated as a bit of a performance in some establishments where food and drinks are cooked and served for all to see.
Strong construction insurance coverage can be the difference between a business growing, remaining stagnant, or decreasing in value. When purchasing insurance, you may find you need coverage outside of what the standard policy provides.
A new way of living is taking root in the housing market. Founded in 2008, Airbnb has ushered in a wave of people leasing and renting short-term lodging to vacationers, college students, etc. Not confined to owners of homes, condominium unit owners and long-term renters of condos are utilizing Airbnb to bank some extra cash, which creates increased liability for both the person who is supposed to be occupying the unit and the association.
With a wave of millennial’s entering the workforce, companies have evolved to create a “new workplace” that attracts that demographic of talent. Common perks of the “new workplace” include modern decor, free snacks, unlimited vacation and beer on tap. While great for your employer brand, the reality of these new perks is increased liability risk to your business.
Engagement rings and wedding bands are gorgeous to look at, but also very expensive. If you’re one of the 60 million people are married as of 2017, you no doubt have a pricey token of that commitment on your finger.
A major project, like building an addition or remodeling a kitchen, has many components. As a general contractor, you may find yourself delegating components of that project to subcontractors. Are you prepared for the insurance liabilities that may occur?