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Important Insights for Commercial Property Owners in Denver, CO

Owning a commercial property and renting it out for businesses seems lucrative, but it comes with lots of risks and challenges. For example, you have to protect your property and its contents from unexpected events, efficiently deal with problematic tenants, quickly resolve the interruption resulting from natural disasters, etc. Handling or mitigating these risks can

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7 Must-have Insurance Policies for any Retail Business

As a business owner, you’re exposed to certain risks as soon as you open your doors. Your business faces risks even before hiring your first employee. Therefore, you should ensure you carry the right insurance. A catastrophic event or a lawsuit can wipe out your business even before it takes off. Fortunately, you can protect

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Understanding Why Your Business Needs EPLI

There’s no foreseeable end to the rising frequency of claims against employers, including sexual harassment, wrongful termination, and retaliation. Even small businesses face the risk of such accusations day-to-day. EPLI or employment practices liability insurance is a business insurance policy that covers employers for various employment-related claims by former, current, and prospective employees. Third parties

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Common Liability Expenses Covered by Umbrella Insurance

Umbrella insurance typically provides additional liability coverage beyond the policyholder’s basic coverage limits. It also pays for some of the liability costs excluded from the basic liability policies. If your risk of being sued is exceptionally high, you should carry umbrella insurance. Here are eight common liability claims that require umbrella coverage: Dog Bites Every

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What You Should Know about Workers’ Compensation in Colorado

The state of Colorado requires all employers in the state to carry workers’ compensation insurance. This requirement applies regardless of whether your employees are family members, part-time, or full-time. Every individual that you pay to perform a given task is presumed to be your employee. However, in certain circumstances, Colorado workers’ compensation requirements don’t obligate

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Business Owner’s Policy Insurance (BOP): An Overview

A business owner’s policy or BOP insurance encompasses different types of coverage that businesses need to protect themselves from financial loss. All types of businesses ranging from sole proprietorships to huge conglomerates need business insurance to protect their financial holdings. Even service-oriented businesses require liability coverage at the very least. If you own a business,

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A Quick Guide to Commercial General Liability Insurance (CGL)

Commercial general liability insurance typically pays for the legal costs as well as any claims that may result if a third party sues your business. More specifically, this policy covers the following aspects: Bodily Injury and Property Damage Liability If someone suffers bodily injuries within your business premises or because of your business operations, they

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EPLI Vs. Professional Liability Insurance: How Are They Different?

What Is Employment Practices Liability Insurance (EPLI)? EPLI covers the cost of lawsuits (including defense fees and court judgments) brought against your company by disgruntled employees. These can be your current, former, or prospective workers unhappy with your employment practices. Statistics show that discrimination lawsuits against employers have increased 400%. For financial protection against such

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A Guide to Cyber Liability Insurance for Small Businesses

The year 2020 saw a record number of cyberattacks, with 36 billion files being exposed in data breaches within the first half of that year, according to Risk Based Security. The fact that many IT leaders and security experts believe that cybersecurity risks are rapidly rising makes a case for organizations to increase their IT security

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7 Types of Insurance Coverage That You Need for Your Small Business

Carrying the right insurance policies with the right coverage limits shields businesses from being financially wiped out due to underinsured or uninsured business losses. Within 10 years, about 40% of all American businesses file a claim with their insurer. This means that there is a good chance that your business insurance will be of benefit at some

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