Read about four main commercial insurance coverages for condominium associations. Learn why condominium associations need commercial insurance. Commercial insurance for condominium associations is a real thing, not to be confused with personal condominium owner’s and renter’s insurance. The differentiation is in who owns what, and who is responsible for what. This blog is limited to…

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Employee dishonesty and theft can put your business at a higher risk than normal. Jim’s shop is a thriving retail business that almost wasn’t thriving anymore. Jim received a call from his bank that his business checking account was overdrawn and they were transferring money from his savings account to cover a $4,300.00 overdraft. Jim…

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What’s driving the hard insurance market for main street businesses? Ohio has always had a very competitive insurance market for small commercial businesses. As a result, premiums are lower than those in many neighboring states. However, rates have been trending up in several areas for the past several years and terms and conditions are being…

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BYOB is a success story for businesses all over America. The custom skills and tools, combined with demand for people capable of applying them practically, make for promising careers in the vast field of independent contracting. Whether you are a tree trimmer, builder, plumber, carpenter, electrician, mason, floor installer, painter, or general handyperson, BYOB may…

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Read how COVID-19 may impact your business’ commercial general liability premium. Learn why commercial general liability insurance premiums may fluctuate due to COVID-19. Gross sales. Gross receipts. Gross payroll. Three key indicators businesses consider when establishing operational goals and measuring operational success. Without sales and receipts, your business cannot make payroll. These three indicators are…

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In many small businesses, one of the partners or shareholders may drive the bulk of the revenue to the business. This does not diminish the importance of the other partners or shareholders but it can create a huge problem if that person becomes disabled. A little known but great benefit to protect income for a…

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Learn basic factors insurance companies use to price General Liability business insurance. Read how General Liability business insurance is rated. When you buy coffee at the neighborhood coffee shop, visit the dentist for a professional check-up, go grocery shopping, remodel your kitchen, or eat out at your favorite restaurant in Cleveland, you are supporting the…

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A claim may arise out of fire caused by spontaneous combustion, or a wind gust knocks over a solid brick wall (that has occurred), or a commercial box truck used for delivery hits a van from the rear. All three of these are potential examples of valid claims an insurance company will pay on behalf…

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Loretta owns her own business, but unlike a typical brick and mortar store, she operates on wheels, delivering goods and services to the consumer directly. One afternoon Loretta is on the way to her next customer when suddenly she is rear ended by the driver behind her. Thankfully the damage is not overwhelmingly terrible and…

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I recently was at the local Westlake, Ohio hardware store looking for a new smoke box for my grill. I couldn’t help but notice the area that was filled with grills and grilling equipment two weeks ago had been converted over to snowblowers and winter maintenance items. OUCH! (Read more) Of course, this made me…

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