If you run an LLC (Limited Liability Company), you may be wondering if you need LLC business insurance. The answer is yes! If you run a business of any kind – including an LLC – business insurance is the best way to protect yourself from liability as your business grows. Learn more about why LLC […]
Mitigation Tips: Protecting Commercial Property from Hail
Hailstorms can be swift and destructive, damaging buildings, outdoor equipment, and vehicles in a matter of minutes. For commercial property owners, such damage can result in destroyed property, costly repairs, business disruptions, and lost revenue. Learn more about protecting commercial property including the risk hail poses and preventive measures to protect buildings from hail damage. […]
Five Reasons You Need Small Business Startup Insurance
If you’re an entrepreneur, you’ve got a lot on your plate. And small business startup insurance is probably one of the last things on your mind as you manage your clients, build your business, hire employees, and continue to grow. In fact, it’s been estimated that up to 75% of startups and small businesses are […]
Understanding Your Total Cost of Risk
Risk exists everywhere in business. As a small business owner, risk can be found across various aspects of your business. One of the biggest mistakes that small business owners make is assuming that the cost of risk only involves their insurance premiums paid, retained losses and administrative costs. However, the total cost of risk encompasses […]
Insurance for Contractors 101
Contractors have unique insurance needs. Independent contractors need insurance when they need it, and they often need it fast. But the regulations governing contractor insurance can be confusing. What general contractors does Coterie Insurance write? Coterie covers contractors that sub-contract out less than 50% of their work. However, Coterie does not write general contractors or […]
Understanding Your Business Certificate of Insurance
A certificate of insurance (COI), also known as a business insurance certificate, is a document used to show insurance coverage proof. The document is issued by an insurance company and typically shown to interested third parties. The certificate of insurance is known officially as the Acord 25 form. On the form, you’ll find the listed […]
Tips for Finding a Small Business Insurance Broker
As a small business owner, you have dozens of competing priorities you must accomplish. With so much on your plate, learning the ins and outs of insurance vocabulary, your specific risks, and which type of insurance coverage to purchase is the last thing you want to add to your to-do list. That’s why 83% of […]
What Every Small Business Owner Needs to Know About Actual Cash Value versus Replacement Cost
It isn’t uncommon for businesses to experience property loss. Whether small or large, loss will most likely happen at some point in the lifetime of a business. Most businesses have some type of property that is used in the operation of the business. But how do you determine the type of business property and its […]
5 Things Freelancers and Small Business Owners Need to Know to Secure Their Businesses
Small businesses and the small business owners leading them are the lifeblood of the American economy, making up 99.9 percent of all businesses in the United States, according to the Small Business Administration. As a freelancer or small business owner, you know how much effort, energy, and work has gone into starting and running your […]
General Liability Exposures Your Small Business Needs to Know
Almost every organization faces general liability exposures. A liability loss exposure is a condition or situation that presents the possibility of an organization becoming legally and financially responsible for injury, harm or damage to another party. These exposures stem from the kind of work an organization performs and where that work is executed. They also […]
5 Ways Agents Can Help Small Business Owners with Home-Based Business Insurance
In the United States, nearly half of all businesses with no employees are home-based and of those with employees, 24% are home-based, according to the Small Business Administration. Despite the popularity of home-based businesses, more than 40% lack insurance for small business owners. The resulting underinsurance leaves many home-based businesses exposed to significant risks that could […]
Top Questions We Get Asked About Small Business Insurance (and Answers, Too)
Small business insurance is complex which is why Coterie Insurance believes in connecting small businesses with the expertise of a licensed insurance agent or broker. That said, before you reach out to speak to someone, you likely have some more general questions about small business insurance. Check out the top questions we receive about small […]
