For homeowners wondering what happens if you don’t have homeowners insurance, the most likely outcome is that some losses during the gap may be yours to pay. The longer-term homeowners insurance lapse consequences are less obvious. A gap can change which carriers will write policies on the home, what the next policy costs, and how […]
Many Connecticut food and beverage manufacturers already carry food product liability insurance because product coverage is built into a standard commercial general liability (CGL) policy. The gaps tend to surface when a retailer’s supply agreement arrives with an insurance exhibit calling for a separate product aggregate and a vendors endorsement that the current policy may […]
A house in Greenwich or Westport can carry a rebuild cost with very little relation to what the property would sell for. The homeowners policies that national insurers sell in volume were built around a median American house, which this corner of Connecticut doesn’t match. High net worth insurance is designed to underwrite the difference. […]
For many car wash owners, the majority of their investment is in the machinery. Conveyors, in-bay gantries, pump stands, dryers, and other equipment can all quit unexpectedly, and standard commercial insurance policies aren’t typically written to cover them. Coverage designed for your car wash can protect your customers’ property while it’s in your care, as […]
If you operate a business that puts someone else’s property under your care, custody, or control, you have special insurance needs to consider. For a car wash, this includes customer vehicles. Connecticut car wash owners often assume the commercial general liability policy they already carry will cover damage to a customer’s car. However, what they […]
Insurance coverage requirements for contractors in Fairfield County come from three different directions, and satisfying one does not necessarily satisfy the others. A certificate of insurance accepted at a Norwalk permit counter can fail review in Greenwich two weeks later, and if you aren’t sure which coverage requirements you failed to satisfy, you may not […]
Any business in Connecticut with at least one employee has to carry workers’ compensation insurance. This includes car washes and their full-time, part-time, and seasonal employees, and the insurance has to begin no later than the employee’s first day. Where car wash owners may find some savings in their premium is in properly classifying their […]
The landscaping industry’s cyclic nature means that a company likely won’t pay a flat annual premium for its workers’ compensation insurance. Instead, its premium will depend on the classification codes on the policy, how payroll is split among them, and its past three years of claims history used in the experience modification calculation. While you […]
