Many insurance companies ask a “warranty question” whenever businesses purchase a new directors and officers insurance policy. If you have a Vermont business that’s buying D&O insurance, everyone involved in the policy-buying process should be aware of and prepared for this question.
Cyber insurance has quickly become an essential coverage for many businesses, but it remains a relatively new insurance offering. Because it’s new, policies don’t always offer a uniform set of protections and business owners don’t always know what protections are available. If you want to protect ...
Many contracting firms in Vermont rely, at least at times, on leased or rented equipment. If your contracting business does, you’ll want to make sure that equipment is properly insured while your business is using it. Here’s a look at how to adjust your business’ contractors insurance when leasing ...
The act of actually paying a condo association insurance premiums is a straightforward process. Most associations simply have the appropriate board member write a check or make an electronic payment. Passing the payment onto association members is a little more involved, although it’s still fairly ...
Generally speaking, commercial umbrella insurance policies don’t have standard deductibles. While there may be an occasional exception, you’re far more likely to find underlying limits requirements and self-insured retentions in your Vermont business’ commercial umbrella policy. These are similar ...
The particular perils that your Vermont business’ commercial package policy provides protection from will be outlined in the policy’s terms, conditions and exclusions. Because policies have their own language, the perils they cover can vary. In general, however, policies can be categorized into ...
Canceling a seasonal business’ commercial auto insurance policy when the work season is over may seem like a logical and wise decision to reduce a business’ overhead. After all, why should chimney sweeps, snow plowers, and holiday retailers pay auto insurance premiums during the offseason, when ...
Inland marine insurance was originally developed to protect cargo while it was being transported across land (as opposed to across the ocean). When the insurance was first offered, waterways offered the most efficient modes of travel. Thus, the insurance became known as inland marine coverage. ...
Business owners policies are package insurance policies that provide basic insurance coverages many businesses in Vermont need. Here are some particular coverages to look for when selecting a business owners policy for your business.
When hiring a contractor to do work on your house, there are many details to discuss before any work is begun. One detail that some homeowners overlook is insurance. Before agreeing to have any contractor do work on your Waterbury, Vermont home, ask to see proof of their contractors insurance. ...

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