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Commercial Insurance Insurance Insurance Agent News

Website ADA Compliance

  • We recently learned insurance agents are receiving demand letters regarding their websites not being ADA compliant for the blind. The solution is often just a call to your website provider to add an accessibility menu to your landing page (see bottom left hand corner of the www.wiaagroup.org site for example).  If you have a website, please contact your website provider to verify that your website is in ADA compliance. If you are in the market for a new website, please consider our technology partner, ITC, for exclusive pricing for WIAA members (click here for flyer). 
     
  • Please note carriers have either ended or are ending billing leniency for those affected by COVID-19 which means all billing activities including regular bill cycles, late fees, insufficient fund fees, non-pay cancellations and collection activity will resume. Please contact the carrier billing department directly if your insured is still experiencing economic hardship for available options. See below for list of billing hold end dates by carrier and click on carrier names for more detail where available:
  1. Liberty Mutual: July 15, 2020 for CA, June 22, 2020 for OR and June 15, 2020 for most other states
  2. Hartford: June 1, 2020
  3. Safeco: July 15, 2020 for CA, June 22, 2020 for OR and June 15, 2020 for most other states
  4. Travelers: June 15, 2020 (note that Travelers personal auto customers will also see a 15% credit for their June premiums)
  5. Nationwide: June 15, 2020
  6. AmTrust: June 1, 2020
  7. Berkshire Hathaway (BHHC): July 14, 2020 for CA and June 30, 2020 for all other states
  8. Employers: June 15, 2020
Categories
Insurance

Business Owners Policy: Combine and Save

Any business owner will tell you that keeping all of the accounts in order can be a hassle that takes valuable time away from focusing on serving the customer. A Business Owners Policy (BOP) helps lasso your company’s insurance policies into a convenient package. A BOP can also help save your company money, much like when you bundle your personal home and auto insurance. With a Business Owners Policy, your company can bundle Commercial Property Insurance, Commercial General Liability Insurance, and Crime Insurance into a single BOP, your company can even include additional coverage options based on your specific situation. Some additional coverages include:

  • Products and Completed Operations
  • Premises Liability
  • Premises Medical
  • Fire Legal Liability
  • Business Income Insurance
  • Building and Personal Property Protection
  • On-Site Equipment Insurance
  • Coverage for Inventory Loss

While a great product for many companies, Business Owners Policies are not optimal or available for every business. If your company does not currently have a BOP, or you suspect that you may be paying too much for Business Insurance, let our Insurance Specialists put your mind at ease. Give us a call at 303–388-7216 or shoot us an email at contact@insurancedenver.net so that we provide you with an accurate quote for your company’s specific needs.

Categories
Insurance

Business Interruption Insurance: When Disaster Strikes

You have a great business. You are meeting your customer and clients’ needs and operations are running smoothly. Then disaster strikes. Lighting hits your building and destroys one of your machines or a snowstorm collapses your ceiling. What do you do now? Your Business Owners’ Policy may take care of the damage, but what about all of the income that you lose by not being able to produce?

The answer is Business Interruption Insurance or Business Income Insurance.
These policies protect you from losing the revenue that you would have received if your business had not been forced to stop due to the disastrous event. It also covers Fixed Costs still incurred by the business, the expense of moving to a temporary location, reimbursement of reasonable expenses that allow your business to continue operating while repairs are being made (in addition to fixed costs), and Civil Authority Ingress/Egress (this includes government-mandated business closures that result in a direct loss of revenue, such as a curfew).

A Business Interruption Insurance plan is not a stand-alone plan, it is added to a larger Business Owners’ Policy (BOP) to provide additional coverage. When you are speaking with an insurance agent about the necessary coverages for your exact business, Business Interruption Insurance is something that you should consider, especially if your business is in the manufacturing, construction, or sales industries.

Don’t wait for a disaster to bring your business to a halt!  Contact us for a free quote or call us at 303–388-7216 and we will review what kind of coverage is necessary for your business.

Categories
Insurance

What is a BOP Insurance Policy?


Business Owners Insurance
or a Business Owners Policy (BOP) is a customized type of insurance policy that combines Property Insurance, Commercial General Liability Insurance, and Crime Insurance, as well as additional coverage types based on your needs, making it one of the most important decisions a business owner can make. As a small business ourselves, we at Insurance Town and Country understand how important and exciting owning your own business is to our clients, which is why we often recommend a BOP Policy to protect their business against:

  • Products and Completed Operations
  • Premises Liability
  • Premises Medical
  • Fire Legal Liability
  • Business Income Insurance
  • Building and Personal Property Protection
  • On-Site Equipment Insurance
  • Coverage for Inventory Loss
  • Crime Insurance

Call us today at 303–388-7216 to learn more about BOP Policies and have one of our Professional Insurance Specialists customize a policy for your business or request a free quote online!