Blog Articles Related To: Commercial Coverage


Property Insurance

Tom WallaceCommercial Coverage, Property Insurance

property insurance

Moving Parts of Property Insurance In our experience, General Liability insurance gets more attention than property insurance especially from smaller companies and startups. Protection from legal action and meeting qualifications of retailers and distributors is often on the top of the list for specialty food and beverage manufactures and importers. Producers often purchase their own General Liability coverage but often … Read More

Workers Compensation Location

Tom WallaceCommercial Coverage, General, Workers Compensation

workers compensation

Location Matters Most states require Workers Compensation to cover injuries to employees while working. One location entities with no remote workers don’t have much to think about in regards to location. The primary driver of coverage is the “3.A” state listed on the declarations page. Insurers like to know the actual location addresses but the main driver of coverage is … Read More

Buying US Insurance

Tom WallaceCommercial Coverage, Liability Insurance, Product Liability, Property Insurance

buying US insurance

Starts with a US entity We often get requests from companies domiciled in other countries about buying US insurance. Typically it involves purchasing General Liability insurance required by retailers and distributors here in the US. Insurance companies in the United States typically require the insured on the policy be a US entity in order to buy US insurance. Ownership by … Read More

Insuring Property for New Companies

Tom WallaceCommercial Coverage, Property Insurance

The Problem When a new specialty food or specialty beverage entrepreneur calls about insurance the conversation is usually about liability insurance because a certificate of liability insurance is the priority. Seems like insuring inventory and other property is not a consideration. Budget is a concern for sure. Amount to insure is a factor. Location of the property may be problematic. … Read More

Liability Insurance and Contracts

Tom WallaceCommercial Coverage, Contracts, Liability Insurance

The last two posts were general explanations of liability insurance. Liability insurance is often required when entering into a contract with a retailer, wholesaler or distributor. Typically the entity with the most clout will require a contract to be signed. The larger and more sophisticated your client the more sophisticated the contract may be. Larger organizations may have a contract management or … Read More

Contingent Business Income

Tom WallaceBusiness Income Insurance, Commercial Coverage

Let’s pose a what if situation that is very real in the specialty food and beverage business. Your great idea for a food or beverage product gets some traction but you have no desire or capital to begin a manufacturing business. What do you do? You find someone else to make your product to your specifications. Perhaps you even find … Read More