Workers’ Comp for Businesses with No Employees: Why Is It Needed

Workers’ comp policy is a state-regulated insurance system that covers the medical expenses and wages lost during period(s) of inactivity as a result of work-related injuries or sickness. Most states, including Texas, do not require you to have a workers’ comp policy for your small business. Choosing not to pay for workers’ compensation may seem Read More

Will My Homeowners Insurance Cover Damages Caused By Burst Pipes?

Consider this scenario. After a long and stressful day at work, you come home, only to find water running out from under your kitchen door. You quickly approach the door, run into the kitchen and find the source of this internal flood- a burst pipe under the kitchen sink. Repairing and replacing the burst pipes Read More

A Basic Guide to Business Interruption Coverage

Several disconcerting events like natural disasters, fires or cyber-attacks can lead to serious interruptions in businesses. A lot of resources are needed to repair a building, get a new location, or stock inventory. Therefore, discontinued business operations can result in an imbalance in cash flow, which may eventually shut down the business. This is a Read More

Tips for Lowering Your Homeowners Insurance Cost

Owning a house comes with significant expenses. However, the amount paid for home insurance will differ depending on factors such as your age and the location of your home. On average, homeowners insurance premium coverage costs $1200 per annum. Most mortgage companies require you to get a certain level of homeowners insurance. The first step Read More