Business Archives - Premier Insurance Services

Fleet Insurance: Here’s How to Cut Costs and Make the Right Decision

Post author:Mark Kofalt
Post published:June 28, 2024
Post category:Business

Fleet insurance holds importance for businesses that depend on vehicles for their operations. Like delivery services or plumbing companies. Or perhaps taxi companies and construction firms. Whatever kind of fleet vehicles you have, fleet insurance coverage is vital to safeguard your assets. This detailed guide will explore the ins and outs of fleet insurance and offer insights for business proprietors. What Does Fleet Insurance Entail? Fleet vehicle insurance is a form of coverage crafted to shield vehicles owned or leased by a business through a unified policy. Insuring each vehicle with fleet insurance enables companies to consolidate their coverage and…

HVAC business insurance: What every owner needs to know.

Post author:Mark Kofalt
Post published:January 6, 2024
Post category:Business

The HVAC (Heating, Ventilation, and Air Conditioning) industry plays a critical role in providing essential services to various clients. In this guide, we will explore HVAC business insurance to understand why it's indispensable for contractors and what sets their insurance needs apart. Let's get started! Do HVAC Contractors Need Business Insurance? You bet your hot and cold air they do! Make no mistake, we have a bias on this. But think about it logically. Why wouldn't you insure the thing that you've invested the most blood, sweat, and money in? Here are 3 reasons you should: 1. Protect Against Liability…

Commercial box truck insurance: Everything you need to know!

Post author:Mark Kofalt
Post published:January 6, 2024
Post category:Business

What you're about to read is a comprehensive guide to commercial box truck insurance. If you're a business owner or an individual operating a box truck, understanding the nuances of commercial box truck insurance is crucial. In this article, we'll unravel the complexities surrounding this specialized form of insurance, covering everything from what it entails to the factors influencing its cost. What is a Commercial Box Truck? Before delving into commercial box truck insurance, let's understand what defines a commercial box truck. A commercial box truck, also known as a cube truck or box van, is a motor vehicle characterized…

The ultimate guide to lawn care business insurance

Post author:Mark Kofalt
Post published:January 6, 2024
Post category:Business

Starting your own lawn care business is exhilarating. The fresh air, the scent of newly mowed grass, and a great tan are just a few perks of the trade. But, as with any business venture, it's essential to be prepared, and that's where lawn care business insurance comes into play. Let's dive into the ins and outs of ensuring your budding enterprise is protected. Why do lawn care businesses need insurance? Picture this: you're mowing a client's lawn, and the mower kicks up a stone, shattering a window. Or perhaps, while trimming a hedge, you accidentally snip a sprinkler line.…

Can your Business Survive the Loss of a Key Employee?

Post author:Mark Kofalt
Post published:December 7, 2021
Post category:Business

In today’s economy, the value of your key employees is becoming one of the most important questions on small business owners’ minds—and businesses need to come up with the answer to this question sooner rather than later, or their business survival could be in jeopardy. “Take away all my factories and my equipment. Take away my wealth. But leave me with my key people and in a short time I’ll have it all back again.” – Attributed to Andrew Carnegie Business owners should take stock of who their key employees are and ask themselves how (or whether) their business could…

The Importance of Employment Practices Liability Coverage

Post author:Mark Kofalt
Post published:November 17, 2021
Post category:Business

Every employer, no matter how small, faces the specter of being sued by a past, present or prospective employee at some time. In fact, such employment practices claims are widespread – so much so that most businesses are much more likely to have an employment practices liability claim than a general liability or property loss claim. Nearly three-quarters of all litigation against corporations today involves employment disputes, which can be extremely costly. The expenses associated with an employment practices claim are significant. In 2018, the Equal Employment Opportunity Commission resolved 90,558 charges of discrimination and recovered about $505 million in…

Drive Other Car Coverage: Protect Your Officers

Post author:Mark Kofalt
Post published:October 20, 2021
Post category:Business

When it comes to driving a car you don’t own, the auto coverage situation can become complicated. That’s when drive other car coverage, which broadens coverage for named individuals, comes in. For example, say Linda is a junior partner in a law firm. She drives a car that the firm owns and insures, and she doesn’t own another car. Since the Rental Auto Coverage Most of the time, this doesn’t create any problems for Linda. However, when spring break rolls around, she decides to take her kids to Disney World. She rents a car at the Orlando airport without giving…

Questions About Fire Sprinkler Systems

Post author:Mark Kofalt
Post published:September 20, 2021
Post category:Business Personal/Family

Now that you know more about how to reduce your homeowner’s premium, it is time to learn about how to save money and save lives with your fire sprinkler system. Automatic fire sprinkler systems can end up saving lives and preventing disasters from occurring. However, you may have questions about how fire sprinkler systems work and why they can be so effective. Point blank, fire sprinklers are effective--according to the National Fire Protection Association, there are no records of fires resulting in more than two fatalities in areas that had adequate sprinkler systems. In these cases, the deceased were typically…