Archives May 2021

Basic Coverage Options With Condo Association Plans

Being a part of a condo association can be a point of great pride in your life. There is a sense of fulfillment that can come along with helping others find the perfect community to join and being a part of the guiding force of your association. Naturally, there are also going to come times when you and other members of the association start dealing with troubles you didn’t anticipate. From accidents to omissions, it is absolutely vital you have sensible insurance in order to reduce the impact such problems have on your business. 

Understand D&O Coverage

When approaching condo association liability insurance, there are several key points of which to remain mindful. For one, you and the other members of your condo association want to make sure you protect yourselves. Directors and officers are often left out of standard insurance policies, meaning anyone who falls into such categories should be sure to look at D&O coverage. Protection for directors and officers allows you the chance to stay safe no matter what. Other policy options include:

  • Breach of contract coverage
  • Wrongful closure coverage
  • General liability protection

Assess the Risks 

Though there are plenty of serious risks to think about when you’re in charge of running a condo association, covering yourself should always be a priority. Take time to review how D&O insurance works with condo associations and get a better feel for how you can get started.

A Short Guide To Insurance For Landscapers

Landscapers play an important role in keeping communities beautiful. They are capable of completing a large variety of different outdoor tasks that can range from tree removal to cutting grass. However, landscapers are also exposed to a certain amount of risk through their job. They often face accidents that can put them out of work or cause them to suffer great financial losses.  Luckily, insurance for landscapers can help protect your business from these unexpected losses.

General Liability Insurance

There are two types of coverage that you will likely need as a landscaper. The first is general liability insurance. General liability insurance can protect you and your business from financial consequences you may face from situations involving bodily injury, property damage, and other liabilities for which you may be responsible.  

Commercial Auto Insurance

In addition to general liability insurance, you will also likely need a good commercial auto insurance policy. Chances are, you use a vehicle to transport your work supplies such as mowers, fertilizer, and other specialized tools for landscaping. If the unexpected happens and you run into problems with your work vehicle, commercial auto insurance can help pick up any related costs.

Running a landscaping business can be very rewarding work but is not a risk-free endeavor. Luckily, insurance for landscapers can go a long way towards helping everything run more smoothly.