Having condominium insurance is essential for anyone who owns a condo. Having this type of insurance helps to protect condo association members from common costs that are often out of their hands. These include damages, personal liability, and much more. But how much does condo insurance cost on average? As it turns out, the answer […]
Read MoreFAQs About Condo Association Insurance: Answered
Owning a condominium is a unique and challenging responsibility. Compared to other real estate endeavors, condo ownership comes with its own specific requirements that every condo owner should consider. Getting the proper protection is crucial because it can save you big when it comes to liability concerns as well as common incidents such as property […]
Read MoreWhat Does Condo Association Insurance Cover
condo association insurance is a broad insurance policy that involves a wide range of coverages. A condo association’s insurance policy typically helps cover the structure of the building and common areas while providing common insurance policies found in similar types of properties. It’s important to understand what a condo association’s policy covers and how that […]
Read MoreWhy You Should Carry General Liability Insurance For Your Franchise
A franchise can be a highly enriching venture, regardless of the type of business you plan to start (restaurant, hotel, bowling alley, etc.). According to Statista, franchises in the United States (which employ more than 8 million people) generated $787.5 billion in output in 2019. However, franchises aren’t immune from risk. Therefore, it’s critical to […]
Read MoreAre Franchisees Required to Carry Business Insurance For Their Franchise
Franchises are businesses that have many moving parts. Therefore, it’s critical to understand each component of a franchise, including who the franchisor and franchisees are. What Is A Franchisee? A franchisee is an individual who pays fees to a franchise owner or “franchisor” in order to operate said company and use its trademarked name. These […]
Read MoreWhy Is Business Insurance Important For Franchise Owners
Once a business reaches franchise status, it typically has brand recognition and high long-term economic prospects. However, this doesn’t mean franchises are impervious to risk. If you own a franchise, it’s critical that you purchase insurance in order to protect your organization against the primary risks it faces. Here is a close look at this […]
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