If you are a small business owner then you have liability insurance, right? The reason I ask this is because as a small business owner you can’t afford to battle a lawsuit when you have a business to run. The problem that a lot of small business owners have is they don’t know what their liability insurance is even covering. If you don’t know what your insurance is covering then you need to go back through your insurance policy because that is where it will give you all of this information.

One of the benefits of liability protection for small businesses is that they will not have to pay for damages out of their own pocket. The m Full Post…

Rhoda had been with us on our Commercial Lines Team since September of 2006. A former resident of Hawaii, she brought with her over 30 years work experience in the financial industry, and a 9 year history in insurance.

Her sense of humor and penchance for good food will be missed. We wish her the best in her retirement, and hope she enjoys every day to the fullest. Carpe diem, Rhoda!

We’re excited to introduce Rhoda’s replacement, Sharon Walker. Her 9 years handling claims for Safeco, and 6 years Commercial Lines experience has made it a simple, smooth transition into working at Balcos Insurance.

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Millions of families living in flood-risk areas are being threatened that they will be placed on a blacklist, which could leave their homes uninsurable and unsellable.

About 5.5million households classed as at risk of flooding are caught in the middle of a tug of war between the profit-hungry insurers and a cost-cutting Government.

An agreement called the Statement of Principles is in force between insurers and the Government.

It states that insurers will cover existing homes in flood-prone areas although they can choose to increase premiums.

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The main objective of car insurance is to secure your car, yourself and in some cases your family when involved in any kind of accident. There are many different kinds of coverage that come with car insurance offered by different insurance companies. It all depends on the type of insurance selected and the state where you have bought the insurance. But, there are traits which are common to most insurance products.

The most important liability is the damage caused to any other person involved in the accident. The insurance covers all kinds of expenses that you may incur, due to the damage caused to the third party in the accident. Full Post…

Since the dawn of insurance policies as we know it, the common layman has more often than not found himself reliant upon the agent he patronises. As such, the agent, through the company, holds the monopoly of information in his or her business relationship with the client. Such a phenomenon is known as the principal-agent problem, where information is not fully and freely shared to all relevant parties.

Today’s world has presented us with a different scenario, however. It has given us a world with the Internet and where information is readily available online. B Full Post…

With liability insurance, a company’s assets are safely protected if the company is sued for damage or injury and is therefore important. Even if the company is simply a small business or just an independent worker, general liability insurance should be considered. General liability insurance will investigate a claim, hire an attorney and help the insured through the entire process if needed. It can provide great help if a claim is made against the company.

General liability insurance can be purchased on its own, or for companies, a package of policies called Business Owner’s Policy, BOP. Full Post…