River Valley Insurance Agency Inc Blog
Startups and small business are crucial to a country's economy. Unfortunately, many of these businesses fail.
There are several reasons why a lot of startups and small businesses fold. Business owners can't avoid every business risk, but they can still protect their business and improve its chances of surviving by getting the appropriate insurance policies.
Owning a construction business requires having contractor insurance. It doesn’t matter if you work alone or if you have employees, it is mandated by law that you have contractor insurance. What you have to know, however, is that you don’t need to overpay for your insurance coverage. Fortunately, all construction professionals have the ability to lower the costs of contractor insurance policies no matter what size of business you have. Here are some tips.
When it comes to being an independent contractor, it’s not always clear what types of insurance you’re going to need. The best way to know for sure is to work with a qualified business insurance agency like River Valley Insurance but for informational purposes, here’s some information about two popular types of coverage we get a lot of questions about, workers compensation and professional liability.
When an entrepreneur starts a business, he usually exposes himself to a lot of risks. Even before he hires his first employee, the business is already at risk. It is important that you have the right insurance in place for this. A catastrophic event or lawsuit can wipe out any small business before it gets off the ground.
Luckily, a business now has access to a lot of insurance types so that they will have protection against these dangers. Here are the types of insurance that a business should have in place as soon as they can.
In this crazy, upside-down real estate market most home buyers are confused in regards to the amount of insurance coverage they need on their homes. Most people are in disbelief when they learn that they need $225,000 of insurance on a home that they just purchased for $150,000. This is a discussion I have with clients several times a week. The fact of the matter is, the way the current housing market sits today, it costs more to build a new home then it does to buy an existing one.
I’d like to start by clearing up some common misconceptions: First, even though home prices have fallen, the price of building materials have either stayed the same or increased. Second, many contractors have left the construction field altogether so a surplus of contractors ready to work at discounted prices is simply not the case. In addition, reconstruction becomes more expensive due the following:
Even though you may be frustrated that you need more insurance then the market value of your home, please make sure that your home is insured properly. An insurance professional should be able to guide you into finding a product that has the proper protection and you might be pleasantly surprised with an affordable rate.