Broad Form

August 4, 2018 Broad Form (Homeowners Insurance Covered Causes of Loss: Broad Form) The Broad Form is one of three ISO (International Organization for Standardization) use by the insurance industry to define which perils or causes of loss are covered.  Generally, the Broad Form covers the perils covered by the Basic Form (see below): Wind, Hail  […]

Home Businesses (Retail)

A variety of businesses are routinely operated in homes. This article discusses aspects of particular operations. Refer to Home Businesses – Basics for background information on coverage as well as our other articles discussing different in-home businesses. Retail – Persons with in-home retail operations must look beyond an HO policy for coverage. The Businessowners Policy (BOP) provides broad coverages for buildings, […]

Home Businesses (Landlords)

A variety of businesses are routinely operated in homes. This article discusses aspects of particular operations. Refer to Home Businesses – Basics for background information on coverage as well as our other articles discussing different in-home businesses. Landlord The homeowners policy is designed to cover landlord-occupied residential buildings, landlord-owned personal property, and loss of rents (after […]

Home Business Basics

Homeowner (HO) policies aren’t meant to insure businesses that are run out of a home. Premiums paid for homeowner’s coverage are for handling losses related to the ownership and use of a residence and related structures. Therefore no liability coverage is available for business activities such as customers who slip and fall on your premises, […]

Internet Liability

Each day more people decide to create their own Websites, blogs or otherwise participate in social media activities. The reasons for having a Website or blog vary or other activities range from frivolity to earnestness. Personal Websites and blogs commonly describe the host, his or her family, and interests such as a particular hobby, sports, […]

Handyman Insurance, Covering the Jack of all Trades

Handyman ServicesInsurance costs for Contractors can vary widely. Insurance companies view roofers as a high risk. In fact, most standard carriers will not even write coverage for roofers. Why? Because they are one of the ten riskiest jobs. On the other end of the scale are jobs like grading of land. The Jack of all […]

Hobby or Business

Your hobby may significantly affect your insurance needs. Hobbies often require a large investment intangible property and may even create some legal responsibility to other persons or their property. Hobbyists: Collectors or Enthusiasts Hobbies typically involve either collectors or enthusiasts. A collector acquires property that especially attracts him or her. Examples include people who collect […]

Social Media Liability-Part 1

Social Media Liability-Part 1 Your chances of suffering a loss is increasingly affected by your use of the Internet and, particularly, social media. Increasing your awareness of social media liability loss exposures may help you to minimize or avoid them. Social Media Liability refers to claims for libel, slander, harassment, invasions of privacy, violations of […]

Earthquake Insurance, Sinkhole Insurance & More

Words and their usage impact our daily lives. As a kid, my mother would on a regular basis reminding me to watch my P’s and Q’s. This was not a suggestion to be on my best behavior. It was a threat that even the slightest slip in my manners would have severe repercussions. What and […]

Commercial Insurance

Commercial insurance is defined as: The definition of business insurance will likely vary depending on who you ask. The explanation may even change depending on how you ask it. It goes by a lot of names. You may hear it called many things. Business insurance, commercial business insurance or property & casualty commercial insurance. TruePoint […]