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Workers' Compensation Insurance is Crucial for Business

Workers’ Compensation Insurance is Crucial for Business

Posted on by Shield Insurance Agency

Shield Insurance Blog | Workers’ Compensation | Start a Quote Today!

Why Do Businesses Need Workers’ Compensation Insurance?

Workers’ Compensation insurance is a crucial aspect of any business, regardless of its size or industry. It protects both employers and employees in the event of work-related injuries or illnesses. In this blog post, we will explore the importance of worker’s compensation insurance and answer some common questions related to it.

What Does Workers’ Compensation Insurance Guarantee?

Workers’ compensation insurance guarantees that employees who suffer work-related injuries or illnesses will receive medical treatment and wage replacement benefits. It also protects employers from potential lawsuits by providing coverage for legal expenses and settlements.

How Much Does Workman’s Comp Pay in Michigan?

The amount of compensation paid under workman’s comp in Michigan varies depending on the nature and severity of the injury. Generally, it covers medical expenses, rehabilitation costs, and a portion of lost wages. The specific amount is determined by the state’s workers’ compensation laws and the employee’s average weekly wage.

Who Should Consider Workers’ Compensation Insurance?

All businesses, regardless of their size or industry, should consider workers’ compensation insurance. It is especially important for businesses that involve high-risk activities or have a higher likelihood of workplace injuries. However, even low-risk businesses should have this insurance to protect themselves and their employees.

How do you File a Workers’ Compensation Insurance Claim?

Filing a workers’ compensation insurance claim involves several steps. First, the injured employee should notify their employer about the injury or illness as soon as possible. The employer will then provide the necessary claim forms and guide the employee through the process. It is important to document all medical treatments and expenses related to the injury or illness to support the claim.

What happens if the surety pays a claim?

If a claim is paid by the surety, it means that the insurance company has accepted the claim and will provide the necessary compensation to the injured employee. The surety acts as a guarantee that the insurance company will fulfill its obligations. This ensures that the injured employee receives the benefits they are entitled to without delay.

What are examples of Workers’ Compensation Injury Claims?

Workers’ compensation injury claims can vary widely depending on the industry and work environment. Some common examples include:

  • Slip and fall accidents: These can occur in any workplace, but are particularly common in industries such as construction or manufacturing.
  • Repetitive strain injuries: These injuries result from repetitive motions or overuse of certain body parts, such as carpal tunnel syndrome in office workers.
  • Occupational illnesses: These are illnesses that develop over time due to exposure to hazardous substances or conditions in the workplace, such as lung diseases in miners or chemical exposure in factory workers.
  • Machinery accidents: These accidents can result in serious injuries, such as amputations or crush injuries, and are common in industries that use heavy machinery.

Affordable Protection with Shield Insurance Agency

Shield Insurance Agency understands the importance of workers’ compensation insurance for businesses. As an independent agency, they represent over 40 insurance companies, allowing them to find the most affordable and comprehensive coverage for their clients. Whether you are a small business owner or a large corporation, Shield Insurance Agency can help you navigate the complexities of workers’ compensation insurance.

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 and your employees with workers’ compensation insurance.

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The Department of Labor has several programs designed to prevent work-related injuries and illnesses. You may obtain information about these programs by visiting our Workplace Safety and Health page.

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Delivery Man Saves Elderly Woman Stuck in Window

Stuck In Window For 5 Hours Delivery Man Saves Elderly Woman

Posted on by Shield Insurance Agency

FOX 13 Tampa Bay | June 29, 2023 | Stuck In Window | Home Insurance | Start A Quote!

A newspaper delivery man has become a local hero after he rescued a 78-year-old woman who had been stuck in a window for five agonizing hours.

The story unfolded when the woman, identified as Nancy Reyburn, found herself trapped in a precarious situation as she attempted to break into her own home through a window after she had locked herself out. In her desperate efforts to get inside, she became stuck.

“Because of surgery, I had with two hip replacements, I can’t get past mid-part of my leg,” Reyburn told Fox 13. “I’m reaching around the more moving I did, the worse I felt.”

Stuck In Window For 5 Hours

She was stuck in the window for five hours. No one could hear her and hope was running out.

“I was asking God, ‘please this is not the way I want to be found’,” Reyburn recalled.

And just when it seemed that all hope was lost, out of the corner of her eye, she saw the blinking orange light on top of Jose Sanchez’s car.

Sanchez said he was on his normal paper route early Tuesday morning when he heard screaming and saw Reyburn stuck in the window.

“How I screamed, I have no idea,” she said.

Sanchez stuck by her and called 911, and help was finally on the way. Some are calling him the neighborhood guardian angel.

“I’m touched, because I care for these people in this park, they’re like my family, and they’re retired, and I try to watch out for them,” Sanchez said.

“Yes, I do believe in angels and people are put in a place for that time and that night, morning was my time to be helped by Jose,” Reyburn added.

Watch the good news video below.

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Security Bond Insurance: The Guarantee your company needs.

Security bond insurance is the guarantee that your company requires.

Posted on by Shield Insurance Agency

Shield Insurance Blog | Security Bond Insurance | Start A Quote Today!

Security bond insurance is a type of insurance that guarantees the performance of a contract or the fulfillment of certain obligations. It provides protection to the party that requires the bond, known as the obligee, in case the other party, known as the principal, fails to meet their obligations. This type of insurance is commonly used in industries such as construction, real estate, and finance, where large sums of money are involved and there is a risk of non-performance.

What Does Security Bond Insurance Guarantee?

Security bond insurance guarantees that the principal will fulfill their contractual obligations. If the principal fails to do so, the obligee can make a claim on the bond and receive compensation for any losses incurred. This provides financial protection to the obligee and ensures that they are not left empty-handed in case of non-performance.

What are the Types of Security Bond Insurance?

There are several types of security bond insurance, each designed to cover different types of obligations. Some common types include:

  • Performance Bonds: These bonds guarantee that the principal will complete a project or contract according to the agreed-upon terms and specifications. If the principal fails to do so, the obligee can make a claim on the bond to cover any additional costs incurred to complete the project.
  • Payment Bonds: These bonds guarantee that the principal will pay subcontractors, suppliers, and laborers involved in the project. If the principal fails to make the necessary payments, the obligee can make a claim on the bond to cover the outstanding amounts.
  • Bid Bonds: These bonds are often required in the bidding process for construction projects. They guarantee that the principal will enter into a contract if their bid is accepted. If the principal fails to do so, the obligee can make a claim on the bond to cover any additional costs incurred in awarding the contract to another bidder.

Who Should Consider Security Bond Insurance?

Security bond insurance is typically required by the party that is at risk of non-performance, such as the owner of a construction project or the recipient of a loan. However, it can also be beneficial for principals who want to demonstrate their financial stability and reliability to potential clients or lenders. In some cases, government agencies may also require security bond insurance for certain types of projects.

What’s Excluded from Security Bond Coverage Insurance?

While security bond insurance provides valuable protection, it does not cover all types of losses or liabilities. Some common exclusions include:

  • Intentional misconduct or fraud by the principal.
  • Losses caused by factors beyond the control of the principal, such as natural disasters or acts of war.
  • Losses resulting from the principal’s failure to comply with legal or regulatory requirements.

It is important to carefully review the terms and conditions of the bond insurance policy to understand what is covered and what is excluded.

What Happens if a Claim is Paid by the Surety?

If a claim is paid by the surety, the principal is typically responsible for reimbursing the surety for the amount paid out. This is known as indemnification. The principal may also face additional consequences, such as higher premiums or difficulty obtaining future bonds if they have a history of claims.

What are Examples of Surety Bonds?

Some examples of surety bonds include:

  • Contractor License Bonds: These bonds are required for contractors to obtain a license and operate legally. They guarantee that the contractor will comply with all applicable laws and regulations.
  • Court Bonds: These bonds are required in legal proceedings to ensure that a party will fulfill their obligations, such as paying a judgment or providing security for costs.
  • Fidelity Bonds: These bonds protect employers from losses caused by employee dishonesty, such as theft or fraud.

Affordable Protection with Shield Insurance Agency

If you are in need of security bond insurance, Shield Insurance Agency can help. As an independent insurance agency, Shield Insurance Agency represents over 40 insurance companies, allowing us to find the best coverage at the most affordable rates. 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 leave your financial security to chance – let Shield Insurance Agency provide you with the protection you need.

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Professional Liability Insurance, also known as Errors and Omissions (E&O) Insurance

Professional Liability Insurance, also known as Errors and Omissions (E&O) Insurance

Posted on by Shield Insurance Agency

Shield Insurance Blogs | Professional Liability Insurance | Contact an Agent today!

Professional Liability Insurance, also known as Errors and Omissions (E&O) Insurance, is a type of insurance that provides protection to professionals against claims of negligence, errors, or omissions in their work. This type of insurance is essential for professionals who provide services to clients, as it can protect them from financial losses resulting from lawsuits or legal claims.

What Does Professional Liability Insurance Protect?

Professional Liability Insurance protects professionals from claims of negligence, errors, or omissions in their work. This type of insurance covers legal fees, court costs, and damages awarded to the claimant in the event of a lawsuit. It also covers the cost of settlements and judgments against the professional.

What are the Types of Professional Liability Insurance?

There are several types of Professional Liability Insurance, including:

1. Medical Malpractice Insurance: This type of insurance is designed for healthcare professionals, including doctors, nurses, and other medical practitioners. It provides protection against claims of medical malpractice, such as misdiagnosis, surgical errors, and medication errors.

2. Legal Malpractice Insurance: This type of insurance is designed for lawyers and law firms. It provides protection against claims of legal malpractice, such as negligence, breach of contract, and conflicts of interest.

3. Errors and Omissions Insurance: This type of insurance is designed for professionals who provide services to clients, such as consultants, accountants, and real estate agents. It provides protection against claims of negligence, errors, or omissions in their work.

Who Should Consider Professional Liability Insurance?

Any professional who provides services to clients should consider Professional Liability (E&O) Insurance. This includes doctors, lawyers, accountants, consultants, real estate agents, and other professionals who provide services to clients. Without this type of insurance, professionals are at risk of financial losses resulting from lawsuits or legal claims.

What’s not Covered by Errors and Omissions Insurance?

While Professional Liability (E&O) Insurance provides protection against claims of negligence, errors, or omissions in their work, there are some things that are not covered by this type of insurance. These include:

1. Intentional Misconduct: Professional Liability (E&O) Insurance does not cover intentional misconduct, such as fraud or criminal acts.

2. Property Damage: Professional Liability (E&O) Insurance does not cover property damage caused by the professional’s work.

3. Bodily Injury: Professional Liability (E&O) Insurance does not cover bodily injury caused by the professional’s work.

What Does Professional Liability (E&O) Insurance Cost?

The cost of Professional Liability (E&O) Insurance varies depending on several factors, including the type of profession, the level of risk, and the amount of coverage needed. However, it is generally affordable and can provide valuable protection to professionals. Shield Insurance Agency represents over 40 insurance companies and can help professionals find affordable and comprehensive Professional Liability (E&O) Insurance coverage.

Protection

Professional Liability (E&O) Insurance provides protection to professionals against claims of negligence, errors, or omissions in their work. This type of insurance can provide financial protection in the event of a lawsuit or legal claim, which can help professionals avoid financial losses and protect their reputation.

Shield Insurance Agency represents over 40 insurance companies

Shield Insurance Agency represents over 40 insurance companies, which means they can help professionals find the best coverage at the most affordable price. With access to a wide range of insurance options, Shield Insurance Agency can help professionals find the right coverage to meet their 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.

If you are a professional who provides services to clients, it is essential to have Professional Liability (E&O) Insurance. Shield Insurance Agency can help you find affordable and comprehensive coverage to protect you from financial losses resulting from lawsuits or legal claims. Contact Shield Insurance Agency at (616) 896-4600 for a free quote today or start the quoting process by visiting the link provided and an agent will be in touch soon.

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Business Liability Insurance will Protect Your Company

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

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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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A dog recently found over 150 golf discs in the area.

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Local Dog Finds Over 150 Golf Discs, Raises Money For Shelter And Park

SunnySkyz | June 27, 2023 | Golf Discs | Pet Insurance | Meet the Agents of Shield Insurance

A dog in Moundsville, West Virginia, has captured the attention and admiration of the community by single-handedly finding over 150 lost golf discs at a popular park.

Unclaimed discs will be on sale, with proceeds going to the park.

Daisy is a four-year-old Labrador Retriever who loves going on walks with her owner, Kelly Mason, at Grand Vue Park.

Every day, they walk about five miles through the park. Sometimes, Daisy goes on her own adventure and returns with a souvenir.

“Daisy, my yellow Labrador retriever has a nose for finding discs,” Mason told WTRF. “We will be walking through the park and her nose will go up. She can smell ’em, and she just goes off. She could go off 30 yards through the multiflorosa, the high weeds. And here she comes with a disc.”

Since she found her first disc about three years ago, Daisy has retrieved 155 of them with no plans of stopping anytime soon.

The park recently teamed up with Mason to create a program called “Daisy’s Discs”.

“Normally when park staff finds them or when our park guests find them, all of them are turned into the into the barn area,” says Ben Bolock, the assistant general manager at Grand Vue Park. “Some discs that have names on them, we call them, and people are able to come and pick them up. During that time, they can make a donation to Daisy’s Discs and that that money will fund the Marshall County Animal Rescue League. If discs are found and there’s no name on them and we’ve had them for a long period of time, and nobody has claimed them, the park will sell them for a very low amount and that money will go back into the disc golf course.”

Watch the good news video below from WTRF Chanel 7

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

General Liability Insurance aka Commercial General Liability (CGL)

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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

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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

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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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