Should All Businesses Get Commercial Insurance?

Posted on by agentinsure

If you own a business in Saint Paul, MN, you are likely to have an insurance policy to cover functions of your business. Companies come in different sizes, yet almost all of them sign up for insurance policies to cover their assets. The real question is if every business needs to get commercial insurance versus simply personal insurance plans. Regardless of the type of insurance you need, Rising Star Insurance will keep you covered.

The Need For Commercial Auto Insurance

If your business needs a large fleet of vehicles that are regularly used, commercial auto insurance would be the clear winner. If you have just one or a few cars that are used for occasional or non-essential tasks, you are probably better off with standard personal car insurance. Keep in mind; personal insurance typically won’t cover damage to products or personal injuries when transporting goods for business purposes.

Property Insurance

Property insurance is a class of commercial insurance that every small or large business should get. Not only would it cover damage done to your building in the event of a disaster, there are other more specific insurance policies for certain aspects of your business. For example, you can take out a policy to cover your boiler system, insurance to cover the windows in front of your store, or even builder’s risk insurance to cover damage during the construction of your new office.

Malpractice Insurance

Everybody has heard of malpractice insurance used for doctors, but it can also be applied to other professionals that are accused of making grave mistakes. High-class professionals like dentists, accountants, real estate agents, and others should consider malpractice insurance to cover lawsuits.

In reality, most businesses should have some kind of commercial insurance if your company is worth a significant amount. If your business operates in the Saint Paul, MN area, you may find what you need with Rising Star Insurance. Reach out to our agents to have all your questions answered.

Weather and Your Home Insurance Policy: Are You Covered?

Posted on by agentinsure

Each year, insurance companies pay out billions of dollars in weather-related insurance claims. As extreme weather becomes more common and less predictable, the number of claims is expected to rise. If you have a homeowners insurance policy, you’re likely covered for most frequent weather events. However, not all weather-related damages are covered by all insurance policies. It’s up to you to figure out exactly what your policy covers, so you’re protected when severe weather strikes. 

Some policies limit or refuse payouts for select damages caused by wind and water. This applies in particular if you live in a Saint Paul, MN community that’s at risk for certain weather-related disasters. To make sure you have enough coverage, contact Rising Star Insurance Brokers today. You can also scan your current policy.

Pay close attention to: 

Water Damage

Water damage is common in most weather-related events. However, it’s not always covered. Some policies limit coverage for water intrusion caused by flooding while covering water damage resulting from broken pipes, melting snow, and torrential rains. This is particularly the case in policies purchased for homes located in areas that are known to flood. 

It’s up to you to make sure you’re covered before a flood occurs. If your policy does not include flood coverage, you may be able to purchase an additional flood policy or rider. 

Wind Damage

If you live in an area that’s beset with high winds, you may not be covered for certain types of wind damage unless your policy specifically says otherwise. Always pay attention to the exceptions included in your policy and cover the gaps in coverage with additional insurance coverage. 

To find out if you will be covered when severe weather strikes in Saint Paul, MN, call Rising Star Insurance Brokers and talk to an agent today.