Insurance For Small Businesses With Remote Workers

Remote Working

As people work remotely more and more, it’s becoming important to think about how to protect your business from the risks associated with remote work. The risks are not just limited to things like liability and property damage. There are also social risks that need to be addressed. One risk is the worry that an employee will get hurt while working at home or traveling for work. That is why it is especially vital to make sure you have the right business insurance policy in place.

Business Owners Insurance

Business owners insurance is not a single type of insurance policy or product. Instead, it is an umbrella term for a number of different types of policies and products.

The purpose of any business owners commercial policy is to protect the business from losses. There are a number of categories of commercial insurance: commercial property, commercial liability, commercial auto, workers compensation, and business interruption. For remote work, the most important insurance policy to have is general liability insurance.

  • General Liability Insurance: Liability coverage is very important for businesses that work with independent contractors. This type of coverage will pay for legal fees and other expenses related to your company in the event of a lawsuit.
Prince Insurance can advice you on the appropriate insurance policies you should be looking at to make sure your remote employees are covered.

Insuring Remote Workers

Getting a business owners policy is the best method for insuring remote workers. For at-home workers, make sure that your homeowners policy will allow you to operate your business from home. For businesses, have remote workers agree to work-from-home protocols, including implementing safety measures, having the proper equipment, and using a secure network.

Contact an agent at Prince Insurance to find the right business owners insurance, such as liability insurance for insuring remote workers.

How to Find the Right Insurance Agent to Handle Your Business

There are very few businesses that don’t need some type of insurance to protect themselves, their employees, and their clients. Insurance agents are trained to help businesses find the right insurance policies to fit their needs. But how do you find a good agent? There are many to choose from, so it’s important to know what factors to consider when choosing an agent. Here are a few tips for finding an insurance agent for business insurance.

Initial Steps for Finding an Insurance Agent for Business

To get the job done right, you need to do your homework. First, get word-of-mouth referrals, if possible, for local businesses in your area and in your industry. Be sure to check the agent’s license and insurance rating. The state insurance department can tell you if the agent has any outstanding complaints or violations. Next, you should talk to other agents and anyone else that may know the agent you’re considering. To ensure your business gets the proper coverage for your industry, find an agent who is specifically in tune with your type of business. Local agents will understand the risks you face in general because they will be more familiar with the specific area.

To feel confident that you are receiving proper coverage, find an insurance team that specializes in your industry.

Final Steps for Finding an Insurance Agent for Business

Finally, once you’ve created a shortlist, interview a few prospective agents. Come prepared with questions specific to your business and industry. See if they seem knowledgeable and trustworthy to handle your business’s needs. Do they have options for coverage, and do they pick coverage based on the best value for your situation?

When finding an insurance agent for business, contact the team at Prince Insurance, who can give you a quote.

Avoid Liability Risks When Employees Return to Work

Insurance Broker

As the pandemic’s at-home restrictions are lifted, many businesses, including restaurants and offices, are re-opening their doors to both customers and employees alike. Even though businesses are doing their best to comply with the government’s regulations regarding COVID-19, some are still concerned about the liability risks associated with the pandemic. Fortunately, having proper protection is possible through business insurance, including business liability insurance.

Liability Risks

Business liability insurance is essential because there are more liability risks associated with bringing employees back to work after the pandemic. The first step is getting the office ready to re-open by having the space professionally cleaned and disinfected to remove pathogens and bacteria. Businesses must exercise proper sanitary measures to help prevent the transmission of COVID-19. Since specific businesses have higher traffic levels, such as those in the hospitality or retail sectors, they have to be creative and safe in implementing new ways to welcome back their staff and employees.

No matter your industry, your business needs to be extra careful to make sure they are prepared to handle the ripple effects of the pandemic, such as having proper business liability insurance.

Discrimination and Harassment Claims

Be careful about deciding layoffs if staff reduction was or will be required because of the pandemic. Even if these decisions are made carefully, employees may respond with discrimination claims. Further, employees may retaliate with potential harassment claims, if they suspect that they were let go because of reasons associated with the pandemic.

Be careful not to discriminate against employees as you decide who to bring back. Don’t judge by age, race, gender, or supposed health risks. If employers are not careful about the way they make decisions, they might face discrimination or harassment claims in the future.

Contact an insurance agent at Prince Insurance to get more information on business liability insurance for your business.

Getting Insurance That is Specific to Your Industry

commercial auto insurance

Many people get insurance based on a recommendation or what their friends or family have. But what if you are in a field that you need industry specific insurance that covers your particular needs? As there are many industry specific insurance options, the smartest route to go is to speak with an insurance specialist to ensure that your business is getting the right business insurance coverage it requires according to your industry.

Why You Need Industry Specific Insurance

For example, if you work in construction, you need business insurance that covers your employees in the event of an injury. Or, if you work with chemicals, you need to make sure you have the right kind of coverage for lab work. That’s where an insurance policy that is specific to your line of work comes in. There are innovative insurance solutions to protect every industry and every business, regardless of whether they are in an established or new industry.

Having industry specific insurance will ensure that your business is receiving the correct coverage suited to your business.

How Getting Generic Insurance Can Put Your Business at Risk

Too many business owners put off researching insurance for another time, but it’s not uncommon for small business owners to end up with a policy that isn’t really suited for their needs. That’s because they may not know what questions to ask or how to spot a policy that’s bad for them. A lot of the time, these small business owners ended up with a “bare bones” business insurance policy that has a high deductible, doesn’t cover any of the “perils” they need, or doesn’t cover their employees.

To get the correct business insurance for your industry, contact Prince Insurance to start speaking with an agent today about industry specific insurance.

Pandemic Insurance Risks for Retail and Brick and Mortar Business Owners

Insurance Brokers

Brick-and-mortar stores, a major player in the insurance industry for the past century, are on the brink of extinction. With the rise of e-commerce, stores like big-box stores, specialty stores, and small mom-and-pop stores are all closing down at an alarming rate. Additionally, brick-and-mortar businesses were some of the hardest-hit establishments during the pandemic. As a result, these businesses have increased pandemic insurance risks and require specific business liability insurance.

How to Safely Reopen

The pandemic has increased the need for business liability insurance risks for brick and mortar and retail shop owners. When reopening, businesses have to move forward responsibly by mitigating liability exposure. This means ensuring that the business stays compliant with government regulations and by paying extra attention to changing policies, developments, restrictions, and reopening timelines. As there are increased pandemic insurance risks, merely following the rules might not be sufficient. Businesses will be expected to uphold a higher standard of care due to the serious nature of the health crisis.

Re-evaluating Exposure

With stores reopening, it’s time to re-evaluate your business’s exposure. Due to less customer traffic and closure, exposure may have diminished, reducing rates. However, general liability may increase as you begin to open up again. Either way, businesses must reopen according to COVID-19 guidelines, with safety and health in mind to reduce exposure and pandemic insurance risks. For example, businesses must ensure that their premises are as safe as possible, and to warn of the spread of COVID-19 if their business becomes aware of cases through their contact tracing.

Contact Prince Insurance to start planning your business insurance and for advice on how to mitigate pandemic insurance risks.

Mitigate Business Insurance Risks of Working From Home

Business Insurance

With the increased popularity of remote work, companies are faced with a dilemma: do they allow employees to continue to work from home to save on overhead costs, or do they require employees to work in office environments? Either way, there are risks and benefits associated with both choices, and both choices require adequate business insurance coverage.

With remote working, there is a new wave of legal issues arising in regards to workers compensation and liability insurance for remote workers. For example, If your employees work from home, or at coffee shops, or in other remote locations, you need to make sure they protect themselves from hackers. They are more vulnerable than if they were sitting at their desks, and they need to know that their actions have real consequences.

An employer may still be found liable for events that occur to an employee in the course of employment. With the right business insurance accounting for remote workers, an employer can feel confident that their business is properly protected — regardless of where their employees are.

Working From Home Safety Risks

There are numerous safety risks associated with working from home, including the following:

  • Unsafe at-home work environments, such as environments vulnerable to events like fires, theft, and flooding
  • Injuries that occur in the home office
  • Cyber-security risks increased as remote workers may be viewed as soft targets to cybercriminals
office team
Unlike in the office space illustrated above, employers do not have control over the safety of an at-home work environment.

How to Mitigate Insurance Risks

There are many ways for employers to mitigate insurance risks and workers compensation claims:

  • Enforce at-home safety protocols
  • Instate cyber protocols to prevent cyberattacks
  • Enforce cybersecurity measures to prevent data from being compromised

Working from home for good? Discuss how to mitigate insurance risks and business insurance options with a trusted agent at Prince Insurance.

Essential Insurance Every Business Should Have

commercial building insurance

If you’re starting your own business, you may be thinking that you don’t need insurance for your startup. After all, you’re the boss, and you don’t need insurance, right? Wrong. If you’re planning to open a business, no matter the type, you need to have coverage. Adequate coverage is vital if you want to protect your business against financial loss. It protects your hard-earned assets and income against unforeseen events like fire, theft, and lawsuits. Your business insurance policy can cover your property, employees, products, and more, as well as offering liability protection.

Risky Business

The biggest reason to get business insurance for your business is to protect your assets. Even if your company is small, you still have valuable assets that should be protected, including your equipment, your building, and your data. If you have a storefront, your inventory is part of your assets. Aside from protecting yourself, additional business insurance will also protect your employees if they are injured while working. As your business grows, you’ll acquire more assets, and you’ll need to add more coverage for protection. But when you’re just starting out, figuring out what’s right for you can be tough, which is why you should meet with an insurance specialist to discuss your options.

Types of Essential Business Insurance

In a nutshell, these are the types of essential business insurance:

Protect your company with essential business insurance.
  • Professional Liability: protects your business from lawsuits related to the services you offer.
  • Property Insurance: insures your business’s property.
  • Workers’ Compensation: covers employees for any on-the-job injuries.
  • Product Liability: protects business owners from lawsuits regarding manufacturing defects.
  • Business Vehicle Insurance: covers your business’s vehicles.

Confused about which types of essential business insurance your company requires? Contact an agent at Prince Insurance to discuss your business’s needs and to receive a quote.

Best Most Efficient Way to Get the Most Complete Insurance Coverage


2020 was a wake-up call for most of us and probably left you with more questions regarding complete insurance coverage. Not only do you need to understand your options, but you must also decide what your budget is for each kind of coverage. In addition, there are other factors that you need to consider when deciding how much insurance you need. For instance, if you are young and single, you’ll want to consider developing a personal insurance plan. If you run a business, then you’ll want to make sure you have a sufficient business insurance policy in place.

Access Multiple Carriers

If you’re looking for complete insurance coverage insurance but aren’t sure which company to choose, you might consider talking to an insurance agent. An independent insurance specialist is a professional who can access multiple carriers, allowing them to compare prices and services to find a policy that meets your specific needs. In addition, agents can make recommendations based on your personal needs, such as special coverage for high-value items, a list of approved service providers, and so on.

An agent will work with you to develop your complete insurance coverage.

Complete Insurance Coverage

The insurance industry can be confusing, and there’s a lot of jargon to learn before you can feel confident about your choices.  But it’s worth it to do your homework since the right insurance can provide peace of mind for you and your family.  If you’re looking for a one-stop insurance shop, an insurance agent can get you complete insurance coverage. They’ll work with you to create an insurance portfolio that covers your needs, including home, auto, health, life, business, and more.

Go with the wrong company, and you could be stuck with sky-high premiums or a paltry payout. That’s where Prince Insurance comes in. An agent at Price Insurance can offer you access to multiple insurance carriers. That gives you the best chances of finding the complete insurance coverage that’s perfect for you.

How to Safely Reopen Your Retail Business to the Public

Insurance Brokers

As we’re all aware, COVID-19 has had a devastating effect on businesses, forcing a large number of stores to close. The business owners who are making it through the pandemic are getting ready to reopen their doors. While a business owner is preparing to reopen a retail business, the safe way to proceed is to follow necessary rules and regulations to help keep themselves, their employees, and their customers safe.

Implementing Safety Measures

For a business owner to reopen a retail business, before all else, they should first look into what laws are in place regarding safety measures for preventing the spread of COVID-19. Depending on the size of the space, there are limitations to how many people can be in your business at a single time. Keep a notice on the door notifying customers how many people can be inside at once, and have them form a socially distanced line outside once the interior has reached its maximum capacity. In most states, it is a requirement for all employees and customers alike to be wearing a mask. It’s wise for shopkeepers to place hand sanitizing stations around the store, particularly for stores where customers touch items regularly. Finally, allow employees to stay at home if they do not feel comfortable coming into work, if they are experiencing any symptoms, or have been in contact with a person who have a COVID-19 diagnosis or symptoms.

Businesses require insurance more than ever, given the risks involved with COVID-19.

Prepare For the Future

To keep employees as safe as possible when you reopen a retail business space, ensure that shared-contact surfaces are cleaned regularly, including carpets and floors. These surfaces should be cleaned as frequently as possible, especially in stores with high traffic. In addition to the COVID-19 safety measures, the right business insurance will protect employees by providing them with necessary liability insurance and workers’ compensation in the event that they fall ill.

If you’re looking for business insurance to prepare to reopen a retail business, contact Prince Insurance for a quote.

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.