Business Insurance

A loss payee designate is an amendment to a property insurance measure to protect a lender whenever the property is used as collateral on a commercial loan. Sometimes this is known as a common loss payable clause. This classification gives a lender added protection through your insurance policy, because the lender now has the same…

Commercial umbrella insurance fills in the gaps between your other business policies – and extends their coverage. Your business insurance policies have the same purpose: they compensate you in the event of a financial loss. As a business owner, you should not overlook the importance of insurance coverage. Accidents happen no matter how carefully you…

If you own a company, you have probably had to provide a certificate of insurance (COI) at some point. A certificate of insurance is a document that proves you have insurance coverage. Here is an example of a Certificate of Insurance. A certificate of insurance is usually required when a prospective business partner, vendor, or…