Business Insurance

Business Liability Insurance will Protect Your Company

Securing liability insurance is a crucial step in protecting your business.

Posted on by Shield Insurance Agency

Shield Insurance Blog | Business Liability Insurance | Call or Text to 616-896-4600

As a business owner, you know that running a successful company requires a lot of hard work and dedication. However, no matter how careful you are, accidents can happen, and mistakes can be made. That’s why it’s essential to have business liability insurance to protect your company from potential lawsuits and financial losses.

What Does Business Liability Insurance Protect?

Business liability insurance, also known as commercial liability insurance, is designed to protect your company from financial losses resulting from lawsuits or claims made against your business. This type of insurance covers a wide range of risks, including bodily injury, property damage, and advertising injury.

For example, if a customer slips and falls in your store, your business liability insurance would cover the medical expenses and any legal fees associated with the incident. Similarly, if a product you sell causes harm to a customer, your insurance would cover the costs of any resulting lawsuits.

What are the Types of Business Liability Insurance?

There are several types of business liability insurance, each designed to protect your company from different types of risks. The most common types of business liability insurance include:

General Liability Insurance: This type of insurance covers bodily injury, property damage, and advertising injury claims made against your business.

Professional Liability Insurance: Also known as errors and omissions insurance, this type of insurance protects your business from claims of negligence or mistakes made by your company or employees.

Product Liability Insurance: This type of insurance covers claims made against your business for injuries or damages caused by products you sell.

Employment Practices Liability Insurance: This type of insurance protects your business from claims of discrimination, harassment, or wrongful termination made by employees.

What are Common Questions About Business Liability Insurance?

As a business owner, you may have several questions about business liability insurance. Here are some of the most common questions:

Do I need business liability insurance if I have a small business?

Yes, even small businesses need liability insurance. Accidents can happen to anyone, and without insurance, your business could be at risk of financial ruin.

How much does business liability insurance cost?

The cost of business liability insurance varies depending on several factors, including the size of your business, the type of industry you’re in, and the level of coverage you need. However, Shield Insurance Agency represents over 40 insurance companies and can help you find an affordable policy that meets your needs.

What Type of Companies Need Business Liability Insurance?

Any company that interacts with customers or clients should have business liability insurance. This includes businesses in industries such as retail, hospitality, healthcare, and professional services.

What Are the Key Takeaways?

In summary, business liability insurance is essential for protecting your company from potential lawsuits and financial losses. There are several types of business liability insurance, each designed to protect your business from different types of risks. Even small businesses need liability insurance, and Shield Insurance Agency can help you find an affordable policy that meets your needs.

Contact Shield Insurance Agency at (616) 896-4600 for a free quote today or start the quoting process by visiting this LINK and an agent will be in touch soon. Don’t wait until it’s too late – protect your business with liability insurance today.

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Group Health Insurance

Group Health Insurance: Affordable Coverage

Posted on by Shield Insurance Agency

Shield Insurance Blog | Group Health Insurance | Contact Our Commercial Lines Dept

Group Health Insurance is a type of health insurance that is offered by an employer, union or association to its members while they are still working. It is a way for employers to provide their employees with affordable health insurance coverage, while also protecting them from the high costs of medical care.

What Does Group Health Insurance Cover?

Group Health Insurance typically covers a wide range of medical services, including doctor visits, hospital stays, prescription drugs, and preventive care. It may also cover mental health services, dental care, and vision care. The specific coverage will depend on the plan that is offered by the employer or organization.

How Does Business Health Insurance Work?

Group Health Insurance or Business Health Insurance works by pooling the risk of a large group of people together. This means that the cost of medical care is spread out among all the members of the group, which can help to lower the overall cost of health insurance. The employer or organization typically pays a portion of the premium, while the employee pays the rest.

When a member of the group needs medical care, they will typically visit a doctor or hospital that is part of the insurance network. The insurance company will then pay a portion of the cost of the medical care, while the member will be responsible for paying any deductibles or co-payments that are required.

What Are Examples of Coverage under Group Health Insurance?

Group Health Insurance typically covers a wide range of medical services, including:

  • Doctor visits
  • Hospital stays
  • Prescription drugs
  • Preventive care
  • Mental health services
  • Dental care
  • Vision care

The specific coverage will depend on the plan that is offered by the employer or organization.

What Types of Companies Offer Group Health Insurance?

Many different types of companies offer Group Health Insurance, including:

  • Large corporations
  • Small businesses
  • Non-profit organizations
  • Unions
  • Professional associations

If you are interested in obtaining Group Health Insurance for your employees or members, it is important to work with an experienced insurance agency that can help you find the right plan for your needs.

Shield Insurance Agency represents over 40 insurance companies and can help you find an affordable Group Health Insurance plan that provides the protection your employees or members need. Contact Shield Insurance Agency at (616) 896-4600 for a free quote today or start the quoting process by visiting this LINK and an agent will be in touch soon.

In conclusion, Group Health Insurance is an important benefit that employers and organizations can offer to their employees or members. It provides affordable health insurance coverage and protection from the high costs of medical care. If you are interested in obtaining Group Health Insurance, it is important to work with an experienced insurance agency that can help you find the right plan for your needs. Contact Shield Insurance Agency today to learn more about your options.

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General Liability Insurance also known as Commercial General Liability (CGL)

General Liability Insurance aka Commercial General Liability (CGL)

Posted on by Shield Insurance Agency

Shield Insurance Agency Blog | General Liability Insurance | Email to start a Quote! | Or click here

General Liability Insurance, also known as Commercial General Liability (CGL), is a type of insurance that provides protection to businesses against claims of bodily injury, property damage, and personal injury. It is a crucial component of any business insurance policy, as it provides coverage for a wide range of risks that businesses face on a daily basis.

What is general liability business insurance?

General liability business insurance is a type of insurance that provides coverage for a variety of risks that businesses face. It is designed to protect businesses from claims of bodily injury, property damage, and personal injury that may arise from their operations. This type of insurance is essential for businesses of all sizes, as it provides protection against a wide range of risks that can result in costly lawsuits and legal fees.

What does commercial general liability insurance cover?

Commercial general liability insurance covers a wide range of risks that businesses face on a daily basis. Some of the most common risks that are covered by this type of insurance include:

  • Bodily injury: This type of coverage provides protection against claims of bodily injury that may arise from accidents that occur on your business premises or as a result of your business operations.
  • Property damage: This type of coverage provides protection against claims of property damage that may arise from accidents that occur on your business premises or as a result of your business operations.
  • Personal injury: This type of coverage provides protection against claims of personal injury, such as libel, slander, or defamation, that may arise from your business operations.
  • Advertising injury: This type of coverage provides protection against claims of advertising injury, such as copyright infringement or false advertising, that may arise from your business operations.

How does general liability insurance coverage work?

General liability insurance coverage works by providing protection to businesses against claims of bodily injury, property damage, and personal injury. If a claim is made against your business, your insurance company will investigate the claim and provide legal representation if necessary. If the claim is found to be valid, your insurance company will pay for any damages that are awarded to the claimant, up to the limits of your policy.

What are examples of what is covered by commercial general liability insurance?

Commercial general liability insurance covers a wide range of risks that businesses face on a daily basis. Some examples of what is covered by this type of insurance include:

  • Slip and fall accidents: If a customer slips and falls on your business premises, your general liability insurance will provide coverage for any injuries that they may sustain.
  • Property damage: If your business operations cause damage to someone else’s property, your general liability insurance will provide coverage for any damages that are awarded to the property owner.
  • Product liability: If your business sells a product that causes injury or damage to a customer, your general liability insurance will provide coverage for any damages that are awarded to the customer.
  • Libel and slander: If your business is accused of libel or slander, your general liability insurance will provide coverage for any damages that are awarded to the claimant.

What type of companies need general liability insurance?

All types of companies, regardless of size or industry, need general liability insurance. This type of insurance provides protection against a wide range of risks that businesses face on a daily basis, and can help to protect your business from costly lawsuits and legal fees. Some examples of businesses that need general liability insurance include:

  • Retail stores
  • Restaurants
  • Contractors
  • Manufacturers
  • Service providers

Affordable Protection with Shield Insurance Agency

At Shield Insurance Agency, we understand the importance of protecting your business from the risks that it faces on a daily basis. That’s why we offer affordable general liability insurance coverage that provides protection against a wide range of risks. As an independent insurance agency, we represent over 40 insurance companies, which allows us to find the best coverage at the best price for your business.

Contact Shield Insurance Agency at (616) 896-4600 for a free quote today or start the quoting process by visiting this LINK and an agent will be in touch soon. We are committed to providing our clients with the protection and peace of mind that they need to run their businesses with confidence.

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Cyber Security Insurance in a Digital World

Cyber Security Insurance in a Digital World

Posted on by Shield Insurance Agency

Shield Blog | Cyber Security Insurance | Click Here to Request a Quote

In today’s digital age, businesses of all sizes are at risk of cyber attacks. Cybersecurity breaches can result in significant financial losses, damage to reputation, and legal liabilities. Cyber liability insurance is a type of insurance that provides protection against these risks.

What is Cyber Security Insurance?

Cybersecurity insurance, also known as cyber liability insurance, is a type of insurance that provides coverage for losses resulting from cyber-attacks. This type of insurance is designed to protect businesses from the financial losses that can result from cyber attacks, such as data breaches, ransomware attacks, and other types of cyber threats.

What Does Cyber Security Insurance Cover?

Cyber risk insurance covers a wide range of risks associated with cyber attacks. This type of insurance typically covers losses resulting from data breaches, network security failures, cyber extortion, and other types of cyber threats. Cyber liability insurance can also cover the costs associated with responding to a cyber attack, such as legal fees, public relations expenses, and the cost of notifying affected individuals.

How Does Cyber Liability Insurance Work?

The cyber liability insurance works by providing financial protection against losses resulting from cyber-attacks. When a business purchases cyber liability insurance, they pay a premium to the insurance company. In exchange, the insurance company agrees to provide coverage for losses resulting from cyber-attacks.

If a business experiences a cyber attack, they can file a claim with their insurance company. The insurance company will then investigate the claim and determine if the losses are covered under the policy. If the losses are covered, the insurance company will provide financial compensation to the business to cover the losses.

What are Examples of Ransomware, Data Breach, or a Network Being Compromised Covered by Cyber Security Insurance

Ransomware is a type of malware that encrypts a victim’s files and demands payment in exchange for the decryption key. Data breaches occur when sensitive information is accessed or stolen by unauthorized individuals. A network compromise occurs when an attacker gains unauthorized access to a network and is able to steal or manipulate data.

Who Needs Cyber Liability Insurance?

Any business that stores sensitive information, such as customer data, financial information, or intellectual property, should consider purchasing cyber liability insurance. Small businesses are particularly vulnerable to cyber attacks, as they often lack the resources to implement robust cybersecurity measures. However, even large businesses with sophisticated cybersecurity measures in place can still fall victim to cyber-attacks.

Affordable Protection with Shield Insurance Agency

Shield Insurance Agency represents over 40 insurance companies and can help businesses find affordable cyber liability insurance coverage. With cyber-attacks on the rise, it’s more important than ever for businesses to protect themselves against these risks. Shield Insurance Agency can help businesses find the right coverage to protect against cyber threats.

Contact Shield Insurance Agency at (616) 896-4600 for a free quote today or start the quoting process by visiting this LINK and an agent will be in touch soon. Don’t wait until it’s too late – protect your business with cyber liability insurance today.

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Contractor Insurance to Protect Yourself and Your Business

Contractor Insurance to Protect Yourself and Your Business

Posted on by Shield Insurance Agency

Shield Insurance Blog | Contractor Insurance | Business Insurance |

As a contractor, you know that your job comes with a certain level of risk. Whether you’re working on a construction site or in someone’s home, accidents can happen. That’s why it’s important to have the right insurance coverage to protect yourself and your business. In this blog post, we’ll explore the different types of contractor insurance and why they’re important.

What is General Liability Coverage for Contractor Insurance?

General liability insurance for contractors is a type of insurance that provides coverage for bodily injury, property damage, and personal injury claims that may arise from your work as a contractor. This type of insurance is designed to protect you from financial loss if you’re found liable for damages or injuries caused by your work.

What Does Liability Contractor Insurance Cover?

Contractor liability insurance typically covers the following:

  • Bodily injury: If someone is injured on the job site or as a result of your work, your liability insurance will cover their medical expenses and any other damages they may be entitled to.
  • Property damage: If you damage someone’s property while working on a job, your liability insurance will cover the cost of repairs or replacement.
  • Personal injury: If you’re accused of slander, libel, or other types of personal injury, your liability insurance will cover the cost of legal fees and any damages awarded to the plaintiff.

How does business insurance for contractors work?

Business insurance for contractors is a type of insurance that provides coverage for a wide range of risks that your business may face. This type of insurance is designed to protect your business from financial loss if something goes wrong.

What does business insurance for contractors cover?

Business insurance for contractors typically covers the following:

  • Property damage: If your business property is damaged or destroyed, your insurance will cover the cost of repairs or replacement.
  • Business interruption: If your business is forced to shut down due to a covered event, your insurance will cover the lost income and expenses.
  • Workers’ compensation: If one of your employees is injured on the job, your insurance will cover their medical expenses and lost wages.
  • Professional liability: If you’re accused of professional negligence or errors and omissions, your insurance will cover the cost of legal fees and any damages awarded to the plaintiff.

Who needs Liability Construction Insurance?

If you’re a contractor, you need construction liability insurance. This type of insurance is essential for protecting your business from financial loss if something goes wrong on the job site. Even if you’re a small contractor, the cost of a lawsuit or damages can be devastating to your business. That’s why it’s important to have the right insurance coverage in place.

Affordable Contractor Insurance Protection with Shield Insurance Agency

At Shield Insurance Agency, we understand the unique risks that contractors face. That’s why we offer a wide range of insurance products designed specifically for contractors. We represent over 40 insurance companies, which means we can find the right coverage at an affordable price.

Contact Shield Insurance Agency at (616) 896-4600 for a free quote today or start the quoting process by visiting this LINK and an agent will be in touch soon. We’ll work with you to understand your business and find the right insurance coverage to protect your business from financial loss. Don’t wait until it’s too late – contact us today to get started.

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Commercial Property Insurance: Protecting Your Assets

Commercial Property Insurance: Protecting Your Assets

Posted on by Shield Insurance Agency

Shield Insurance Blog | Commercial Property Insurance | Business Insurance | Start A Quote Today!

As a business owner, you know that protecting your assets is crucial to the success of your company. One of the most important assets you have is your commercial property. Whether you own the building or lease it, you need to have the right insurance coverage to protect it from unexpected events. In this blog post, we will discuss what commercial property insurance is, what it covers, and why you need it.

What is Small Business Commercial Property Insurance?

Small business property insurance is a type of insurance that provides coverage for your business property, including buildings, equipment, inventory, and other assets. This type of insurance is designed to protect your business from financial losses due to damage or loss of property caused by events such as fire, theft, vandalism, and natural disasters.

What Does Commercial Fire Insurance Cover?

Commercial fire insurance is a type of insurance that provides coverage for damage caused by fire to your commercial property. This type of insurance covers the cost of repairing or replacing your property, as well as any lost income due to the fire. It may also cover damage caused by smoke and water used to extinguish the fire.

How Does Landlord Commercial Building Insurance Work?

Landlord commercial building insurance is a type of insurance that provides coverage for commercial property owners who lease their buildings to tenants. This type of insurance covers the building and any attached structures, as well as any liability claims that may arise from injuries or damages that occur on the property. The tenant is responsible for insuring their property and liability.

What Does Commercial Property Insurance Cover?

Commercial property insurance covers a wide range of events that can cause damage or loss to your business property. Some of the most common types of coverage include:

  • Property damage: This covers damage to your building and any attached structures, as well as your business equipment, inventory, and other assets.
  • Business interruption: This covers lost income and other expenses that occur when your business is unable to operate due to a covered event.
  • Liability: This covers claims made against your business for injuries or damages that occur on your property.
  • Natural disasters: This covers damage caused by events such as hurricanes, tornadoes, earthquakes, and floods.
  • Theft and vandalism: This covers damage or loss caused by theft or vandalism.

Who Needs Landlord Commercial Property Insurance?

If you own a commercial property and lease it to tenants, you need commercial landlord insurance. This type of insurance provides coverage for the building and any attached structures, as well as any liability claims that may arise from injuries or damages that occur on the property. It is important to note that the tenant is responsible for insuring their property and liability.

Affordable Protection with Shield Insurance Agency

At Shield Insurance Agency, we understand the importance of protecting your commercial property. That’s why we offer affordable insurance solutions that provide the protection you need. We represent over 40 insurance companies, which allows us to find the best coverage at the best price for your business.

Contact Shield Insurance Agency at (616) 896-4600 for a free quote today or start the quoting process by visiting this LINK and an agent will be in touch soon. We are committed to helping you protect your business and your assets.

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Commercial Auto Insurance Coverage for Vehicles Used for Business Purposes.

Commercial Auto Insurance Coverage for Vehicles Used for Business Purposes.

Posted on by Shield Insurance Agency

Shield Insurance Blog | Commercial Auto Insurance | Business Insurance | Start A Quote Today!

Commercial auto insurance is a type of insurance policy that provides coverage for vehicles used for business purposes. This type of insurance is essential for businesses that use vehicles for their operations, such as delivery trucks, company cars, and other types of vehicles. In this blog post, we will discuss business car insurance, what it covers, how it works, who needs it, and how to get affordable protection for your business vehicles.

What is Commercial Auto Insurance?

Business car insurance, also known as commercial auto insurance, is a type of insurance policy that provides coverage for vehicles used for business purposes. This type of insurance is different from personal auto insurance, which only covers vehicles used for personal use. Business car insurance is designed to protect businesses from financial losses that may arise from accidents, theft, or other incidents involving their vehicles.

What Does Business Car Insurance Cover?

Business auto insurance covers a wide range of risks associated with using vehicles for business purposes. Some of the common types of coverage included in a commercial auto insurance policy are:

  • Liability coverage: This type of coverage provides protection against claims made by third parties for bodily injury or property damage caused by your business vehicle.
  • Collision coverage: This type of coverage provides protection against damage to your business vehicle caused by a collision with another car or object.
  • Comprehensive coverage: This type of coverage provides protection against damage to your business vehicle caused by non-collision events, such as theft, vandalism, or natural disasters.
  • Uninsured/underinsured motorist coverage: This type of coverage provides protection against damages caused by a driver who is uninsured or underinsured.
  • Medical payments coverage: This type of coverage provides coverage for medical expenses incurred by you or your passengers in the event of an accident.

How Does Insuring a Business Auto Work?

Insuring a business vehicle is similar to insuring a personal vehicle. The first step is to determine the type of coverage you need based on your business needs and the risks associated with using your vehicles. Once you have determined the type of coverage you need, you can start shopping for insurance policies from different insurance companies.

When you apply for a commercial auto insurance policy, the insurance company will ask you to provide information about your business, the vehicles you use, and the drivers who will be operating the vehicles. The insurance company will use this information to determine the cost of your policy and the level of coverage you need.

What Doesn’t Commercial Auto Insurance Cover?

While business auto insurance provides coverage for a wide range of risks associated with using vehicles for business purposes, there are some things that it does not cover. It is important to understand what is not covered by your commercial auto insurance policy to ensure that your business is fully protected from financial losses.

One thing that business auto insurance does not cover is the personal use of your business vehicle. If you use your business vehicle for personal use, such as running errands or commuting to work, you may need to purchase a separate personal auto insurance policy to cover these activities.

Another thing that business auto insurance does not cover is intentional acts or criminal activities. If you or one of your employees intentionally causes damage to another person’s property or engages in criminal activities while using your business vehicle, your insurance policy may not provide coverage for these incidents.

Finally, business auto insurance may not provide coverage for certain types of vehicles or activities. For example, if you use your vehicle for racing or other high-risk activities, your insurance policy may not provide coverage for these activities. Additionally, some types of vehicles, such as motorcycles or recreational vehicles, may require a separate insurance policy to provide adequate coverage.

Who Needs Commercial Auto Insurance?

Any business that uses vehicles for business purposes needs commercial auto insurance. This includes businesses that use vehicles for deliveries, transportation of goods, or transportation of employees. Even if you only use your personal vehicle for business purposes occasionally, you may still need commercial auto insurance to protect your business from financial losses.

Affordable Protection

Getting affordable protection for your business vehicles is essential to ensure that your business is protected from financial losses. Shield Insurance Agency represents over 40 insurance companies, which means we can help you find the best coverage at the most affordable price. Our experienced agents will work with you to understand your business needs and help you find the right coverage for your vehicles.

Contact Shield Insurance Agency at (616) 896-4600 for a free quote today or start the quoting process by visiting this LINK and an agent will be in touch soon. We are committed to providing our clients with the best possible service and protection for their business vehicles. Let us help you protect your business today!

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Business Interruption Insurance: Protecting Your Business Income

Business Interruption Insurance: Protecting Your Business Income

Posted on by Shield Insurance Agency

Shield Agency Blog | Business Interruption Insurance | Click here to start a quote

As a business owner, you know that unexpected events can happen at any time. From natural disasters to equipment breakdowns, these events can cause significant damage to your business and disrupt your operations. This is where Business Interruption insurance comes in. In this blog post, we will discuss what Business Interruption insurance is, what it covers, how it works, who needs it, and more.

What is Business Interruption insurance?

Business Interruption insurance is a type of insurance that provides coverage for loss of business income due to unexpected events. It is designed to help businesses recover from financial losses that result from interruptions to their operations. This type of insurance can be purchased as a standalone policy or as part of a broader commercial insurance package.

What does Business Interruption insurance cover?

Business Interruption insurance covers loss of business income due to unexpected events such as natural disasters, fires, equipment breakdowns, and other events that disrupt your operations. It can also cover additional expenses that you may incur to keep your business running during the interruption period. These expenses may include rent, utilities, payroll, and other costs that are necessary to keep your business operational.

How Does Business Interruption Insurance Work?

When you purchase Business Interruption insurance, you will need to provide your insurance company with information about your business income and expenses. This information will be used to determine the amount of coverage you need. If an unexpected event occurs that interrupts your business operations, you will need to file a claim with your insurance company. Your insurance company will then review your claim and determine the amount of coverage you are entitled to receive.

What Doesn’t Business Interruption Insurance Cover?

It is important to note that Business Interruption insurance does not cover all types of interruptions to your business operations. For example, it typically does not cover interruptions caused by a pandemic or government shutdowns. It is important to review your policy carefully to understand what is and is not covered.

Who Needs a Business Interruption Insurance Policy?

Any business that relies on its income to operate should consider purchasing Business Interruption insurance. This includes businesses of all sizes and industries. If your business would suffer financially from an unexpected interruption to your operations, then you should consider purchasing this type of insurance.

Business Income and Loss of Business Income

Business income is the revenue that your business generates from its operations. Loss of business income occurs when your business is unable to generate revenue due to an unexpected interruption to your operations. This can be caused by a variety of events, including natural disasters, fires, equipment breakdowns, and other events.

Affordable Protection and Safety

Business Interruption insurance is an affordable way to protect your business income and ensure that you can continue to operate in the event of an unexpected interruption. It provides peace of mind and financial security, allowing you to focus on running your business without worrying about the financial impact of unexpected events.

Shield Insurance Agency Represents Over 40 Insurance Companies

At Shield Insurance Agency, we understand the importance of protecting your business income. That’s why we offer a wide range of commercial insurance products, including Business Interruption insurance. We represent over 40 insurance companies, which allows us to find the best coverage at the most affordable price for your business.

Contact Shield Insurance Agency for a Free Quote Today

If you are interested in purchasing Business Interruption insurance or any other type of commercial insurance, contact Shield Insurance Agency today. We offer free quotes and can help you find the coverage you need to protect your business income. Call us at (616) 896-4600 or start the quoting process by visiting this LINK and an agent will be in touch soon.

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Commercial Business Insurance Bond: Protecting Your Business and Customers

Commercial Business Insurance Bond: Protecting Your Business and Customers

Posted on by Shield Insurance Agency

Shield Insurance Agency Blog | Insurance Bond | Bond Insurance | Start A Quote Today

As a business owner, you know that unexpected events can happen at any time. That’s why it’s important to have insurance and bonding for your business. In this blog post, we’ll discuss what an insurance bond is, how it works, what it covers, and who needs it. We’ll also talk about the benefits of being bonded and insured, and how Shield Insurance Agency can help you find affordable coverage for your business.

What is an Insurance Bond?

An insurance bond is a type of insurance that provides financial protection to a business in case of loss due to employee theft, fraud, or other types of dishonesty. It is a contract between the business owner, the bonding company, and the customer. The bonding company guarantees that the business will fulfill its obligations to the customer, and if it fails to do so, the bonding company will pay the customer on behalf of the business.

How Does an Insurance Bond Work?

When a business obtains an insurance bond, it pays a premium to the bonding company. The premium is based on the amount of coverage the business needs and the level of risk involved. If the business fails to fulfill its obligations to the customer, the customer can file a claim with the bonding company. The bonding company will investigate the claim and if it is found to be valid, the bonding company will pay the customer on behalf of the business.

What Does an Insurance Bond Cover?

An insurance bond covers financial loss due to employee theft, fraud, or other types of dishonesty. It also covers loss due to the failure of the business to fulfill its obligations to the customer. Insurance bonds can cover a variety of industries, including construction, transportation, and healthcare.

What Doesn’t an Insurance Bond Cover?

An insurance bond does not cover damage to property or injury to people. For that, you need liability insurance. It also does not cover loss due to natural disasters, such as floods or earthquakes. For that, you need property insurance.

Who Needs an Insurance Bond?

Certain industries are required by law to have insurance bonds. For example, contractors and construction companies are required to have bonds to ensure that they will complete their projects and pay their subcontractors and suppliers. Transportation companies are required to have bonds to ensure that they will pay for any damage they cause to other vehicles or property.

Even if your industry is not required to have an insurance bond, it is still a good idea to have one. It provides protection and peace of mind in case of unexpected events.

Bonded and Insured: The Benefits

Being bonded and insured means that your business is protected against financial loss due to employee theft, fraud, or other types of dishonesty. It also means that your business is more trustworthy in the eyes of your customers. When customers see that your business is bonded and insured, they know that you take your responsibilities seriously and that you are committed to providing quality service.

Commercial Surety Bond: The Details

A commercial surety bond is a type of insurance bond that is required by law for certain industries, such as construction and transportation. It guarantees that the business will fulfill its obligations to the customer, and if it fails to do so, the bonding company will pay the customer on behalf of the business.

When obtaining commercial surety bond coverage, it is important to understand the deductible. The deductible is the amount that the business owner must pay before the bonding company will pay the customer. It is important to choose a deductible that is affordable for your business, but also provides adequate protection for your customers.

Affordable Protection and Safety with Shield Insurance Agency

At Shield Insurance Agency, we understand that every business is unique. That’s why we offer personalized service to each of our clients. Our experienced agents will work with you to determine the best coverage for your business, and we will help you navigate the complex world of insurance and bonding.

Shield Insurance Agency represents over 40 insurance companies, which means that we can find the best coverage for your business at an affordable price. Contact Shield Insurance Agency at (616) 896-4600 for a free quote today or start the quoting process by visiting this LINK and an agent will be in touch soon.

Don’t wait until it’s too late – protect your business today with commercial business bond insurance. With Shield Insurance Agency, you can have peace of mind knowing that your business and your customers are protected.

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Father’s Day 2023 is Sun, Jun 18

Love your Daddy! This Sun, Jun 18, 2023, is Father’s Day!

Posted on by Shield Insurance Agency

HISTORY.COM | MAY 15, 2023 | Father’s Day | Recreational Insurance | Start a Quote Today!

The nation’s first Father’s Day was celebrated on June 19, 1910, in the state of Washington. However, it was not until 1972—58 years after President Woodrow Wilson made Mother’s Day official—that the day honoring fathers became a nationwide holiday in the United States. Father’s Day 2023 will occur on Sunday, June 18.

Mother’s Day: Inspiration for Father’s Day

The “Mother’s Day” we celebrate today has its origins in the peace-and-reconciliation campaigns of the post-Civil War era. During the 1860s, at the urging of activist Ann Reeves Jarvis, one divided West Virginia town celebrated “Mother’s Work Days” which brought together the mothers of Confederate and Union soldiers.

Did you know? There are more than 70 million fathers in the United States.

However, Mother’s Day did not become a commercial holiday until 1908, when–inspired by Jarvis’s daughter, Anna Jarvis, who wanted to honor her own mother by making Mother’s Day a national holiday–the John Wanamaker department store in Philadelphia sponsored a service dedicated to mothers in its auditorium.

Thanks in large part to this association with retailers, who saw great potential for profit in the holiday, Mother’s Day caught on right away. In 1909, 45 states observed the day, and in 1914, President Woodrow Wilson approved a resolution that made the second Sunday in May a holiday in honor of “that tender, gentle army, the mothers of America.”

FEATURED

Why the Founder of Mother’s Day Turned Against It

Anna Jarvis, who founded Mother’s Day in 1908, passionately opposed its growing commercialization and eventually campaigned against the holiday.

Origins of Father’s Day

The campaign to celebrate the nation’s fathers did not meet with the same enthusiasm–perhaps because, as one florist explained, “fathers haven’t the same sentimental appeal that mothers have.”

On July 5, 1908, a West Virginia church sponsored the nation’s first event explicitly in honor of fathers, a Sunday sermon in memory of the 362 men who had died in the previous December’s explosions at the Fairmont Coal Company mines in Monongah, but it was a one-time commemoration and not an annual holiday.

The next year, a Spokane, Washington, woman named Sonora Smart Dodd, one of six children raised by a widower, tried to establish an official equivalent to Mother’s Day for male parents. She went to local churches, the YMCA, shopkeepers and government officials to drum up support for her idea, and she was successful: Washington State celebrated the nation’s first statewide Father’s Day on June 19, 1910.

Slowly, the holiday spread. In 1916, President Wilson honored the day by using telegraph signals to unfurl a flag in Spokane when he pressed a button in Washington, D.C. In 1924, President Calvin Coolidge urged state governments to observe Father’s Day.

Today, the day honoring fathers is celebrated in the United States on the third Sunday of June: Father’s Day 2021 occurs on June 20.

In other countries–especially in Europe and Latin America–fathers are honored on St. Joseph’s Day, a traditional Catholic holiday that falls on March 19.

Click here to enjoy a fascinating video of several Founding Fathers

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