Insurance Agency Greenville South Carolina

Types of policies there are many different types of homeowners insurance policies available. Normally, the type of policy coincides with the type of structure to be insured and how the structure is occupied. The type of policy also correlates to the coverage available as well. Owner-occupied: the main difference between policies which cover an owner-occupied, single family home is the perils covered. Basic or broad form policies (ho-1, ho-2) cover the structure for specified perils shown in the policy. Special form policies (ho-3) cover the structure for all perils except those specifically excluded in the policy. Condo unit owners need a condominium unit-owners form (ho-6) which provides some coverage for the structure but primarily covers the personal property and liability of the insured. Insurance policies can be complicated to understand, especially because they use a lot of legal terminology. To make it a little easier, we put together a glossary of terms to help you b

If a lawsuit is brought against your business, general liability insurance protects you against legal liability resulting from covered claims of others for bodily injury and damage to their property. In addition, general liability insurance provides for your defense costs and attorney fees arising from such claims. A lawsuit and subsequent money damages may arise out of bodily injury, property damage, personal injury (such as libel, slander, invasion of privacy, etc. ) or advertising injury. These injuries may result from the business premises themselves, ongoing operations away from the business premises, or operations or products your business has completed. Here are the common issues not covered by general liability insurance: -pollution (for coverage , buy pollution insurance). -employment practices (discrimination, wrongful discharge). -asbestos, mold, or fungi. -employee benefit plan errors (buy fiduciary responsibilities liability insurance). -professional liabili

Types of insurance what is a business owners policy (bop)? a business owners policy (bop) is designed to address the needs of small to medium-sized businesses by bundling a variety of auxiliary or secondary coverages with business liability and property coverage. This works to the benefit of both the consumer and the company in that most coverages a business would need are automatically included. This prevents gaps in coverage and reduces the overall cost to the consumer by sharing the risk with all other policyholders. What is the difference between a bop and commercial package policy (cpp)? a bop is a bundled package of coverages designed for the average small to medium-sized risk. Home based business coverage is a type of insurance that can typically help cover the costs of an unexpected accident, injury, or property damage. It’s designed to help cover your business if it’s primarily located within your home. Because most traditional homeowners insurance doesn’t co

Before insurance companies will agree to sell you property insurance, they calculate a commercial property insurance rating, which is specific to the building or property you’re looking to insure. Insurance carriers do this by either (a) giving the property a class rating, or (b) assigning the property a specific rating. When an insurance carrier decides to calculate a specific rating, they assess the construction, occupancy, protection, and exposure of your building, otherwise known as the property’s “cope. ” buildings that have better cope scores are less likely to suffer serious damage in the event of a fire or natural disaster. One of the most common types of business insurance, commercial property insurance provides a wide range of coverage for buildings, inventory, equipment, tools and more. Losses from fire, break-in, vandalism, windstorm and other natural or man made disasters are examples of what is typically covered. A basic commercial property insurance policy

This is not a type of health insurance , but it helps cover long-term medical and non-medical care given to people who need help performing basics like eating, dressing, walking, toileting, or bathing. Unpaid family members often provide this kind of care in the home, but that option isn’t available to everyone. Long-term services might be given by paid staff at home, or in community homes, assisted living homes, or nursing homes. Long-term-care insurance policies vary. For instance, most policies don’t start paying until more than 90 days of such care are needed, but some wait up to a year to start covering it. Medicare is a federal health insurance program that provides coverage similar to private health insurance. Medicare does not cover a broad range of community-based services for people with mental illness. Michael stahl, executive vp and cmo of healthmarkets [h]aving adequate health insurance is a must. Healthmarkets recently conducted a survey where we asked mo

While workers’ compensation laws vary by state, generally speaking, most employers must purchase workers’ compensation coverage for their employees. Requirements typically depend on the nature of your business, the size of your business and the type of work your employees are doing. Keep in mind, every state has its own definition of a covered employee. To verify who is subject to workers’ compensation in your state, you can visit findlaw for your state’s requirements. Workers compensation insurance is often mandatory for many businesses if they have employees, no matter what the job requires. It cover s medical costs and a portion of lost wages for employees who become injured or ill on the job. Workers compensation is like an airbag for your business. When trouble strikes, it deploys to help your employee get back to work as fast as possible, minimizing the damage to your business. If that sounds like a luxury to you, keep in mind, it's probably a good thing for you

Type of business insurance how it works commercial property insurance pays for damage to or loss of your business premises. It also protects against damage, theft or loss of the business property or inventory. Public liability insurance protects your business against third-party liability claims (for example, if a courier slips and falls at your place of business and is injured). Errors and omissions insurance protects your business against claims made against it because of a mistake you may have made. Buy-sell agreement allows one business partner to use a life insurance death benefit to buy out a partner’s interests simply and quickly after the partner’s death. “insurance is important for small businesses because the cost of something going wrong can be the difference between surviving and bankruptcy,” says tim grafton, ceo of the insurance council of new zealand. “small businesses tend to run on leaner margins, so when something unexpected happens, there tends to be

Property / bodily injury liability coverage - covers against damage to property at a location away from premises you own or rent. Legal fee coverage - lawsuits can be expensive, even if you win your case. Cgl policies often pay for the legal cost of defending your company. Kemper commercial general liability frequently asked questions does the cgl policy offer premises coverage? while some general liability policies offer premises coverage (property you own or rent) our general liability endorsement does not, by design. We crafted the endorsement to meet the needs of small business contractors, who often don’t own a brick and mortar location, and run their business out of their vehicle. If someone falls while visiting your business premises or a customer is hurt by a product your business sells, you can be held responsible. That’s the risk that liability insurance covers. Liability insurance, also called commercial general liability (cgl), covers four categories of ev

Some business professionals are legally required to carry a form of business insurance . Doctors, for example, must carry malpractice insurance in case their negligence harms a patient. Insurance agents and financial services professionals must carry errors and omissions insurance coverage. This policy is designed to protect the professional in the event he makes a mistake or fails to disclose information to a client, causing the client to suffer a monetary loss. For example, if a car insurance agent fails to inform his client that his policy excludes theft coverage and the client's vehicle is stolen, the insurance agent can be held responsible for replacing the insured's vehicle. You’ll often hear the words ‘ commercial insurance ’ and ‘business insurance’ used to describe employers’ liability insurance and general liability insurance. These are the two most common types of business insurance. However, there are other types of business insurance available. Each t

Health is the biggest and most crucial asset of every living being. An unhealthy animal and individual can never truly experience any joy. It is the wealth of health that provides the requisite potential to topple over all odds and to move ahead with life. So such an essential part of a person's life demands extra care and concern. An ideal way to secure an individual's prized possession for him and for those who love him is a health insurance policy. A health insurance policy is meant to financially assist a person in case there occurs a setback to his health. There are two main types of private health insurance – hospital cover and general (or extras) cover. Hospital cover refers to the payment of any costs incurred through an emergency or planned hospital stay, while general healthcare plans cover you for extras, such as dental and physiotherapy. There are many health insurance providers on the market and they offer a wide variety of healthcare plans. Most hea