Liability Plans for Commercial Projects

open office spaced filled with people working at their latops

Don’t start a project without robust coverage! Commercial general liability can protect you from the risks that come with commercial projects. From delayed timelines to inclement weather and injury, there are simply too many risks to count when a major project is on the line. All project managers know that it only takes a single incident to throw off a well-laid plan. That’s where commercial general liability comes in.

Avoiding Commercial Risks

Of course, the best way to avoid risk is to plan ahead. You can’t avoid natural disasters with good planning, but you can prevent lots of painful and expensive problems with diligent preparation. Insurance should be there to catch you if you fall, but good planning is the best way to avoid commercial risks. Make sure that workplace safety regulations are clear to everyone involved. Guidelines should be prominently displayed, and team members should be required to be present at a meeting at least once per week to review regulations. It’s also wise to create a culture where people feel safe reporting potential risks. If they feel like they’ll get in trouble because a flaw could kill the timeline, then you won’t hear about problems until it’s too late.

Downtown Denver
Cover the important things with a commercial general liability policy.

Tips to Follow When Choosing Commercial General Liability

To protect your project, it’s equally important that you follow up a great plan with great coverage. You’ll need a policy that offers you protection from the unique threats that your project faces. This could be weather-related to the time of year, or specific risks associated with your industry or the type of project. You have some options to choose from when it comes to the financial limit of coverage and who will be covered. Go for as much business coverage as you can afford. If you need to make the case to developers, explain what could happen in terms of being liable if anything goes wrong. Great coverage could save the day for your commercial project.

Contact our team at Prince Insurance for help putting together a comprehensive commercial general liability package.

Customized Cost-Effective Insurance Solutions for Craft Breweries

Good brews, good service. The two most important elements of running a great craft brewery. You’re the experts on these things, so we won’t try to give you any advice about fermentation. But we do know how to protect your business with the right kind of insurance. From the physical equipment to employee coverage, here’s what you need to know about cost-effective solutions for craft brewery insurance.

Type of Insurance Needed to Protect a Craft Brewery

Your business is not just the bottles and the cardboard packs. It’s the brew stations, the employee break room, the front desk, the delivery vehicles, and more. To protect your entire business, you need insurance that covers the physical brewery, the actual brewing process, and your employees. If you’re interested in growing your business, then your brewery absolutely needs robust coverage. A single incident could set you back years if someone gets injured and you get a bad reputation due to not having coverage. Alternately, you could be subject to income garnishments if a lawsuit goes through. But with the right level of coverage, you won’t have to worry about any of these problems befalling your brewery.

Running a craft brewery is exciting—but risky. Protect your business with craft brewery insurance.

Benefits of Working With Prince Insurance

We have been in this business long enough to make smart recommendations. But we’re also not so outdated that we can’t help you manage modern risks. The Prince Insurance team will get to know your business first hand so that we can recommend the most comprehensive coverage. Craft brewery insurance can be complex, but we’re here to make it easy for you.

Ready to start the conversation? Contact us to learn more about protecting your craft brewery. From your equipment to your team, together we’ll find the level of coverage that works for you—and then we’ll clink to your ongoing success.

Why Every Business Needs Disability Coverage

man welding with sparks flying out

As a business, your employees are your number one priority. As your number one priority, you need to assure them that they will be taken care of if they suddenly require extra assistance to be able to perform their jobs.

Equipping your business with the right Disability Coverage policy can provide exactly this kind of assurance.

How Does Disability Coverage Work?

If an employee gets injured, becomes sick, or suffers some form of general disability that hinders their job performance, Disability Coverage works to get that employee the help he or she needs to be able to continue doing his or her job. Or, if that employee can’t return to work, Disability Coverage can make sure they’re covered even when they can’t work, such as with Workers Compensation.

doctor holding someone's arm in a cast
Disabilities don’t always result from just physical injury in the workplace.

Without Disability Coverage, it can be you or your business that has to pay out of pocket to help that employee. Many businesses are more than happy to support their employees this way, but it can nevertheless pack on a substantial financial burden that some businesses, especially newer ones, aren’t able to sustain long-term.

Therefore, the best way to support your employees is to offer Disability Coverage. This way, even if an employee can’t return to work after an accident, they can rely on their Disability Coverage to provide a large portion of their income (usually 50-70 percent) and maintain their standard of living until they get back on their feet

How Do You Get Disability Coverage?

Getting the right Disability Coverage for your business requires working with an insurance company that is familiar with your industry, your type of business, and the needs of your specific employees.

This is why getting coverage from Prince Insurance Group is a great choice. With over four decades of experience working with all kinds of different businesses, we can quickly provide you with a tailor-made policy perfect for your business and employee needs.

Get in touch with Prince Insurance Group today to start setting up your business with the perfect Disability Coverage.

Why You Need Builders Risk Protection

sillouhette of two men a construction platform.

After finally seeing your new home, office, or general property fully constructed, it’s a natural impulse to want to protect it from the elements with insurance – you don’t want something as simple as a flash flood to ruin what you’ve waited so long for.

But what about insurance for your property during its construction, as well?

Construction Risks and the Importance of Builders Risk Insurance

Although people tend to neglect insurance for their property during its construction, the reality is that properties are often more susceptible to damage during construction.

For example, a lack of complete coverings and security features makes properties being constructed much more susceptible to weather damage from wind, hail, or rain, as well as theft and vandalism.

This is why if you want to increase the chances of your property coming out exactly the way you imagined and save money in repair, replacement, and labor costs along the way, protecting it during construction with a Builders Risk policy is a very smart move.

A construction project filled with half built red platforms.
Given the in-progress nature of structures around construction sites, they’re much more susceptible to potentially dangerous elements like weather.

This type of policy can provide the following types of coverage:

  • Structural Coverage: Protects the buildings and other structures associated with the project.
  • General Liability: Protects the at-risk people working on the project.
  • Equipment & Materials Coverage: Protects the equipment and materials being used for construction.

Of course, these are simply the most common forms of coverage that go into most builders risk policies; what ultimately ends up being covered in your policy will depend on the needs and features of your specific project.

In some cases, you may need more comprehensive coverage, such as that found in contractor insurance or construction insurance.

Who Should Get Builders Risk Insurance?

Because of how many moving parts are typically involved in a construction project, it’s very normal for more than one name to be on a Builders Risk policy.

For example, while it’s most common for Builders Risk insurance to be taken out by those funding or managing construction, it’s also just as common for landowners, architects, engineers, and any other specialized professionals involved with the project to sign their names as well.

Getting Set Up with the Right Coverage

There’s no such thing as a one-size-fits-all Builders Risk policy. That is why it’s so important to prioritize working with insurance companies that understand not just how to protect construction properties, but that have enough expertise to be able to provide a tailor-made solution to your specific coverage needs.

Fortunately, these are exactly the types of policies that Prince Insurance Group can help you with.

To learn more about getting the perfect Builders Risk policy from professionals you can trust, contact Prince Insurance Group today.

Best Liability Plans for Businesses

open office space with a long working table in the middle

To protect yourself and your business, you need a variety in your types of coverage. Your business may need commercial auto insurance if you use any vehicles in the course of doing business, for example. You need protection from liability when it comes to inventory loss, crime, and natural disasters. For everything that could damage your investments or prevent you from doing business, it’s wise to get insurance. But there’s one type of insurance that many business owners forget about.

Are you and your employees protected against negligent claims?

Professional liability & protecting your staff

Professional liability is a type of coverage that protects you from a mistake that becomes a claim. This could be negligence, failure to render services, or even malpractice. Third parties or even internal parties can make a claim like this. Professional liability protects you as well as your staff against this type of trouble. There are some specific types you should know about. First is E&O, or errors and omissions. If someone forgets something or makes an error, you can get coverage for that. There are also Directors and Officers Liability (D&O), fiduciary liability, and employment practices liability. Your agent can help explain these options and explore what might be appropriate for your business.

Ensure the future

The future of your business depends on you. No one can predict the future, and that’s why insurance exists. Personal insurance should be a given. Professional liability is another smart way to protect yourself and ensure the future success of your business. You should protect your staff, your business investments, and yourself from any liability claims now. Don’t wait for a mistake to become a costly claim that destroys your business!

You can get personal and professional coverage with us. Contact us to go over options with our team and make sure that you and your business are protected.

Is Bundling Insurance a Good Option?

4 people talking in a circle smiling

There are so many types of policies out there, and you might be wondering about the best way to group them. Bundling insurance policies is a smart idea, both for personal insurance and business policies. Here’s what you need to know about how to bundle, popular combinations, and the benefits you can enjoy when bundling insurance policies.

group of young people standing in a field smiling
Bundling your insurance can get you the most coverage (and the lowest premium).

How to bundle

You can lump your insurance into a single policy by getting all your coverage from the same agency. This means that you go to the same brokerage firm for your home, auto, business, and other types of liability coverage. Ask the agents about a combined policy that’s specific to your needs or your industry. They will assemble a competitive package customized to your family and your business. It’s as simple as that! Bundling insurance policies is a good way to get a better price and stay organized by keeping your payments with a single company.

Popular combinations and their benefits

Many people choose to group their home, auto, and life insurance. This just makes sense. Cover your family and personal property with a single policy. A major benefit of bundling insurance policies is the reduced premium. Companies love when you get all your coverage through them. They can offer you a reduction of up to 25% off your premium when you get your coverage through a single brokerage. Many business owners choose to bundle their business policies into something called a business owners policy (BOP). This is a customized package that can include commercial auto, commercial property, farm insurance, inland marine, cyber, craft brewery, or healthcare facility insurance. You can truly customize your coverage to only pay for what you need.

Get in touch with our office for a custom quote to see how bundling insurance policies can benefit you and your business. We’ll make sure you get coverage that protects your assets without paying for stuff you don’t need.

Best Coverage Plans for Brokers

Union Station Denver

As a broker, you spend all day trying to make other people’s lives better, but you also need to make sure that you are protected. It’s important to cover yourself, your family, and your business with robust policies. Depending on the type of business you run, you should consider lumping your policies into one plan. If you’re responsible for a team of employees, then you need to make sure they’re covered, too. Finally, remember to include your office space! Here’s how to understand the right insurance policies for brokers.

Doing business comes with risks, but you can protect yourself with insurance policies for brokers.

Popular plans for insurance brokers 

Most brokers, due to their line of work, understand the importance of covering their own liability. This means personal, property, auto, and home. But there are also important policies that can cover your business and the people in it. These include professional liability insurance, workers compensation, and commercial general liability. When selecting insurance policies for brokers, it’s generally best to bundle your policies into a business owners policy (BOP). 

Understanding your field and knowing your customers

To be successful in business, you need to stay connected with your customers. Many brokers specialize in a particular field or industry. This increases the chances that you’ll be seen as an expert in that field. Once you do this, you can study the ins and outs of that industry. Knowing the field and knowing your customers is the key to success! It allows you to customize your offerings depending on your customers’ needs. It’s okay to tell your customers that you don’t specialize in a certain type of coverage. You can’t be all things to all people, after all. This can even build trust with your customers, showing them that you have no problem admitting what you don’t know.

If you’d like to get a quote, please reach out. You deserve coverage for you and your customers that does the job.

Liability Policies for Homeowners

It’s important to protect your home against natural disasters and other incidents. But it’s equally important to protect you, the homeowner, against future liability for events that occur on your property. Homeowners liability helps cover you when something happens at your home. If someone slips and falls, they could sue and seek compensation. They could argue that bad lighting or dangerous conditions inside the home contributed to their injury. This type of coverage helps protect you and your family from outsized bills if someone happens to be injured while in your home.

Make sure you’re protected from liability claims if someone gets injured on your property.

Popular plans

There are a variety of coverage levels when it comes to homeowners liability. You can access policies that protect you against claims for property damage. You could get protection against claims for injury to others. Your policy can protect you against having to pay out medical fees for the care of someone who was injured on your property. Most importantly, you should ensure that your policy covers liability defense costs. If you need to hire a lawyer to go to court and defend you, the insurance company could cover that cost if you have homeowners liability protection.

Understanding coverages

For a comprehensive home protection plan, you should also look into flood and fire insurance. This type of property insurance can protect you from acts of God as well as human acts of violence. It will cover the cost to repair your home if something happens. There is also home-sharing coverage and scheduled personal property insurance. It’s okay if you don’t know which policies are right for you. What’s most important is that you speak with someone who can help you make sure you’re covered in the right ways.

If you’re ready to explore homeowners liability insurance, we’d love to help. Get in touch and we’ll figure out a plan that works for you and your family.