By Shelly Campbell
A small business owner resembles a homeowner or renter in many ways. The businessperson either owns or rents the property where they conduct their business.
By Shelly Campbell If you run an operation with a business name, whether as a sole proprietor, limited liability company, or corporation, you are a target for a lawsuit. Business owners often equate the entity's value with the physical assets, such as tools, equipment, buildings, or inventory. Those things have a known and fixed cost, and if you wanted to, you could forgo insuring them if you have the cash to replace them. What you don’t see is what could hurt your business the most.
Read more: When Do I Need a Commercial General Liability Policy?
By Shelly Campbell Whether you offer janitorial services and have employees or provide professional property cleaning services, you you will probably need to be licensed, bonded, and insured in Oregon.
“What’s the big deal?” you might ask. “All we do is clean offices. Why do I have to mess with all that license and insurance nonsense?”
By Shelly Campbell When I first heard the term “artisan” as it refers to insurance, I immediately thought of oil painters, sculptors, and jewelry makers. Over the last couple of decades in my commercial insurance career, I’ve learned artisan encompasses a much broader spectrum of prospective clients who use their hands to build and create stuff.
By Shelly Campbell
Establishing a booth at your local farmers’ market? Perhaps joining a food truck lot? Planning an event in Roseburg, Oregon? Yep, you will need insurance for that. Generally, the host or sponsor of the farmers’ market or event will require you to provide a Certificate of Insurance (COI). The COI shows proof that you have at least $100,000 in liability, with them listed as a “certificate holder” or “additional insured”. If you are joining a food truck lot, the same stipulations apply: $100,000 of liability insurance and perhaps as much as $1,000,000.
Monitoring the Pulse of the Insurance Industry.