Got questions about your current insurance policy, or type of insurance coverage you think you may need? Find answers here, in our growing list of FAQs.
If you don’t see the information you’re looking for, please send your question to info@candsins.com. We’ll contact you with an answer – and turn your insurance FAQ into a quick infographic or video. Thanks for your help in highlighting today’s top-of-mind concerns!
Some types of coverage that self-employed electricians should consider are: general liability, commercial property insurance, professional liability, commercial auto, and umbrella. Each business is unique, so it’s always best to speak with an agent about your needs.
Read MoreSince policies are made to fit individual needs, there’s no one-size-fits-all approach to determining premiums. Some of the considerations that impact the cost of electrician insurance are: number of employees, cost of assets, industry, etc.
Read MoreElectrician insurance is made from a bundle of specific types of business coverages. It’s designed to protect all businesses that provide electrical services from property- and liability-centered risks.
Read MoreNo, landlord insurance does not kick in if your tenants do not pay rent. However, typical landlord insurance policies do cover instances where the rental property becomes uninhabitable due to a covered loss.
Read MoreWhen shopping for a landlord insurance policy, you should ensure that property damage, personal liability, and loss in income coverages are included. Beyond those basic coverages, you may want to consider adding supplemental coverage for vandalism, burglary, flood, and earthquake damage if the area where the property is located is considered high risk.
Read MoreNo, landlord insurance is not applicable for shared properties. In this case, since you live in the dwelling where you rent out space, landlord insurance would not apply.
Read MoreThis refers to a statement or summary of your coverage, which verifies that your business is insured.
Read MoreAccording to the IRS, in most cases you can deduct the cost of insurance as a business expense if it’s for your business or profession.
Read MoreGeneral liability insurance products a business against third-party claims involving accidents, bodily injury, or property damage. It’s also known as small business liability insurance or commercial liability insurance. Professional liability insurance protects your company from lawsuits claiming negligence, misrepresentation, violation of good faith and fair dealing, or inaccurate advice.
Read MoreYes, expenses related to company-owned vehicle accidents and employee injuries are covered by your landscapers liability insurance policy.
Read MoreThe cost of your landscapers insurance policy can vary depending on a number of considerations. Key factors that can influence the price of coverage include the size of your business and number of employees, whether you offer certain higher-risk services such as tree removal, the number and types of company vehicles you operate, the location […]
Read MoreIf you work in or adjacent to the landscaping industry, your business faces unique risks. A landscapers liability insurance policy helps keep your business protected from financial loss resulting from employee or client injuries, property damage, equipment theft, and more. Furthermore, you may be required to carry landscapers insurance in order to obtain state licensure, […]
Read MoreThe cost of commercial business insurance depends on your company’s insurance needs. The main variable is gross sales over the past 12 months.
Read MoreBusiness income insurance is attached to your property policy.
Read MoreAny business can apply for commercial business income insurance.
Read MoreCommercial business income insurance is a type of coverage that protects against loss of income due to damage to physical property.
Read MoreYou can get a flat deductible which is a simple number of $1,000 or $2,500. Many carriers may offer policies based on the percentage of the hull. For example you could have a $100,000 boat with a 2% deductible. Therefore you would have a $2,000 deductible.
Read MoreThere are two main parts to a yacht insurance policy: hull insurance and protection and indemnity insurance, according to Investopedia. If your yacht is an antique or classic vessel, you may also look for specialized coverage.
Read MoreYacht coverage is typically broader since these larger vessels often travel on longer journeys, which increases the risks for perils and exposures. Boats tend to stay closer to shore. Yacht insurance will also typically include natural disaster coverage since there’s a greater chance they could encounter inclement weather.
Read MoreYou may be able to receive what is called a “lay up” discount. It’s best to give us a call to discuss your year-round coverage possibilities.
Read MoreThe majority of boat insurance policies allow anyone to operate your boat, as long as you’ve provided permission. There may be some exceptions, though, so it’s best to carefully read through your policy and confirm with your C&S insurance agent before you agree to let someone else behind the wheel.
Read MoreA typical boat insurance policy will cover property damage and help replace or repair any personal items that may have been lost or damaged. A policy will also cover a large portion of any medical expenses if there is an accident, regardless of whether you or someone else driving your boat is at fault (or […]
Read MoreYou should insure your boat for the amount it would take to replace it — otherwise known as “agreed value” coverage.
Read MoreWe recommend an “all risk” policy.
Read MoreWhile your business insurance policy may cover any of your equipment that might be damaged, any employees working from their own home will be responsible for damage to their own property. They should consult their own homeowners’ policy to see how they’re covered.
Read MoreYou’re still responsible! That’s why it’s vital to have home workers’ insurance, especially if they’re considered full-time at more than 16 hours a week.
Read MoreIf you have a home worker who works remotely, you still bear the same responsibilities as their employer and so still need to invest in home worker insurance or another form of business liability insurance. Policies do differ so it is best to check with your carrier to make sure that liability extends to the […]
Read MoreYou can, but only if you are a home-based business. If you just have a nanny, workers’ comp insurance is an entirely separate policy. If you have a home-based business and a nanny, they are separate and cannot be bundled. Always consult with a local agent (we’re just a call away) to get the best […]
Read MoreIt depends. A home-based business is like any other business and will require different insurance policies depending on the specific set of risks. Homeowners insurance will not cover everything, so you may need to consider: Liability insurance to protects against accident and injury, especially if you have clients on site Property insurance to cover specialize […]
Read MoreThe cost will depend on a number of factors, including the type and breed of your pet, the pet’s age, where you live, and whether your pet has any pre-existing conditions.
Read MorePre-existing conditions, annual exams, vaccinations, and spaying and neutering are usually not covered.
Read MorePet insurance typically covers accidents and illnesses, hospitalization, surgeries, prescriptions, cancer treatments, and vet specialists.
Read MorePet insurance is not required, but it provides the financial security and peace of mind you need to keep your pets as safe and healthy as possible. You probably have a good idea of what routine visits and vaccinations cost, but an unexpected trip to the vet could set you back thousands of dollars.
Read MoreAny licensed vet in the U.S., Canada or Puerto Rico accepts vet insurance.
Read MorePet insurance is the equivalent of health insurance for humans. You pay an annual premium for certain types of coverage that will help reduce your overall pet expenses. In some cases, you will pay the healthcare provider directly, such as when you visit a hospital, you pay your deductible and the insurance providers works out […]
Read MoreIf you live in campus housing, you are most likely covered by your parent’s insurance. It’s a good idea to confirm the details since some policies only cover student property up to a certain percentage of your household’s total coverage. If you live off-campus, you will need your own insurance coverage.
Read MoreIf your luggage gets stolen during a vacation or work trip, your Massachusetts renter’s insurance will probably cover the loss, but it’s not always a guarantee so make sure to review your policy.
Read MoreThe average renter’s insurance cost in Massachusetts is between $15 and $30 a month.
Read MoreNo, but it’s recommended. Some landlords may require their tenants to hold renter’s insurance.
Read MoreNo two breweries operate the exact same way. That’s why our agents like to understand each breweries’ unique operations and risks. We typically ask for a 30-minute call or meeting to discuss the operations and get to know what’s important to you. It’s a very simple process, and we’re happy to walk anyone through it. […]
Read MoreThere are a handful of companies that can provide coverage for breweries and microbreweries in Massachusetts and throughout New England. While many carriers can provide insurance for one specific line of coverage, it is in the business owner’s best interest to bundle everything into one program. We have access to insurance companies that are capable […]
Read MoreThe exact cost will depend on a number of locations, the company’s gross sales (alcohol sales), food sales, property insured, and many other factors.
Read MoreThere are many types of bundled coverages, but some of the most important types of insurance include general liability, commercial auto, workers’ compensation, and professional liability.
Read MoreWorkers in the tree care industry face a number of hazards, such as overhead power lines, falling branches or trees, and defective equipment. It’s important to work with an insurance agent who understands your company’s unique coverage needs.
Read MoreMost companies in the tree care industry need some type of arborist insurance, including tree removal/land cleaning specialists, tree trimmers and pruners, landscapers, tree pest management professionals, and hardscaping professionals.
Read MoreGeneral liability protects against third-party claims involving bodily injury and/or property damage that may occur on a job or business site. At minimum, BOPs include general liability coverage and property coverage.
Read MoreThis refers to any property your company owns within your business, which can include stock, materials, ingredients, betterments and improvements, and property located outside and within a specified distance to the building, etc.
Read MoreIt depends on the type of risk and the type of company. Other factors that will affect the price include a company’s loss history, the size of the business, and how many buildings the company owns. There are a lot of factors, and every business is different, so give us a call, and we’d be […]
Read MoreGreat question. The best way to find out is to contact a licensed, local agent — like the ones who make up our commercial lines team. Here at C&S, we’ve been advising Massachusetts business owners for 60+ years. Connect with us at 508-594-3424.
Read MoreTypically, a BOP bundles together key coverages like general liability and commercial property. Companies can also purchase add-on coverages to supplement a basic BOP.
Read MoreA BOP is a simplified bundle of at least two essential business coverages designed for small businesses in certain low-risk industries, with specialized pricing over other liability and property policies
Read MoreOur agents can generate quotes based on a completed application and a 30-minute call to discuss the operations/timeline/deliverables. It’s a very simple process, and we’re happy to walk anyone through it. Just call our team at 508-594-3936.
Read MoreThere are a handful of companies who can provide coverage for the entire spectrum of cannabis-based businesses (in Massachusetts and throughout New England). While many carriers can provide coverage for one specific line of coverage, it is in the businessowner’s best interest to bundle everything into one program, to achieve economies of scale. We have […]
Read MoreIf a business elects to purchase professional liability, then yes, training and education can certainly help impact rates in a positive way. Knowing the products and how they might affect an individual is a significant exposure. The more knowledgeable the employee is, the better.
Read MoreNo two businesses will have the same rates. But there are ways to estimate what your premiums might cost, even as a cannabis startup. Annual revenue and crop valuation are the key drivers of premium. The cost of your general liability policy, for example, is based on expected revenue during the policy year, using a […]
Read MoreAs the state of Massachusetts inches toward approving wholesale marijuana delivery (currently only available for medicinal buyers), this is an important question. The answer is still evolving. For now, depending on the carrier, it does seem that commercial auto coverage will offer some amount of “goods in transit” coverage, which would address instances of theft […]
Read MoreThese coverages would be most applicable to cannabis cultivators in Massachusetts and New England. Product recall deals with tainted product that needs to be pulled from circulation due to mold, yeast, or bacteria that prevents the plant from yielding a quality product. Affected products would not pass the required testing process in Massachusetts. If the […]
Read MoreProfessional liability coverage deals with what the company or employee recommends/suggests to a customer (e.g., a specific product that will work well or solve a problem) either in person or as advertised on a website. In the event that a customer experiences a negative result based on said recommendation, a professional liability claim could arise. […]
Read MoreProduct liability is a common one. (See more on product liability below.) Unless specifically requested, it is not included in a general liability policy. Also, Tenants Improvements & Betterments (TIB) are often overlooked. This coverage is for the money invested to build out the physical location; it is NOT building coverage. Building coverage protects the […]
Read MoreThe bundle approach is preferable to start. Depending on the business’ insurable values, there may eventually be a “layering” of carriers, in order to achieve certain coverage limits. However, for a less-established cannabis business (i.e., in their first 5 years of operation) a bundled program will work for 9 out of 10 companies.
Read MoreNo. Since condo insurance is a type of homeowners insurance, one or the other is sufficient.
Read MoreLoss assessment is an optional coverage that you can add on to a home or condo insurance policy.
Read MoreCondo insurance is not required by Massachusetts law, but we recommend that everyone has it. Most condo associations will require you to have a condo insurance policy.
Read MoreCondo insurance is a type of insurance specifically for condominium homeowners.
Read MoreCommercial auto insurance can cover damages due to collisions, accidents, property damage involving a covered vehicle.
Read MoreThat depends on what state your business is based. In Massachusetts, commercial liability vehicle insurance is required.
Read MoreCommercial auto insurance is a type of coverage intended to pay for losses involving cars, trucks, vans, and other vehicles that operate while doing business.
Read MoreThe deductible amount depends on the policy. It also depends how property is insured. The insurance company may pay upfront and then send you the deductible, or they will pay for your claim up to your coverage limit, minus the deductible amount. For example, if your $30,000 Bobcat loader is stolen and you have a […]
Read MoreIt’s important to insure your property to its full value. Depending on the insurance policy, partially insured property may not be covered in a loss.
Read MoreThe cost of commercial property insurance will vary due to factors like property value, location, number of properties, industry, and risks.
Read MoreCommercial property insurance helps cover physical damages or loss of physical property, including includes building structures, furniture, signage, inventory, equipment, and other property.
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After hurricanes and tornados, severe winter weather is the third biggest cause of catastrophic homeowner losses. Read these simple steps to learn how to prevent ice dams.
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Employment practices liability suits can arise from a variety of situations: sexual harassment, wrongful termination, discrimination, retaliation, and more… This infographic attaches hard numbers to EPL risks, so you can see where your business stands.
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Too many companies—especially small and mid-sized businesses—are still vulnerable to cyber attacks. Get the facts you need to protect your reputation and your bottom line.
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