Author: abraham

At some point, most business owners will ask themselves how important it is to carry a business insurance policy. Now, I get it. This question is totally understandable, especially if you have never filed a claim before. However, it is so so important to remember that just because you’ve never needed to file a claim does not mean that you never will. So first off, you need to keep in mind that some businesses are actually required to carry certain types of insurance. It’s an obligation to be insured. Ok. Now, secondly, operating without insurance, risks your livelihood, it risks the incomes of your employees and it even risks the solvency of any businesses that rely on you for service. So before making a decision on how to structure your business insurance, it is definitely worth taking a step back and taking account of all the even remotely impossible situations that could cause your business to suffer. So once you’ve brought those up to your insurance agent, the good ones can help you to shave off any unnecessary costs out of your business policy while still providing a solid uh coverage amount. Oh, and do not be shy about letting them know that you have questions or concerns and I hope this was helpful.

We’d be happy to review your insurance coverage options with you! Give us a call at (703) 751-1001 or visit https://burkeandburkeinsurance.com/.

What insurance does a small business actually need much of a business’s success?

Depends on how well it can overcome obstacles. Our agency is here to help guide you through the perils that you likely don’t anticipate.

Let’s take a look at some examples of these perils. Through Acme Inc, the company had been investing resources to fuel growth and this made cash flow a little tight to save money.

They decided to temporarily cut back on some of their insurance and as luck would have it, that’s exactly when they were hit with a string of incidents that put the entire business in jeopardy.

Bad luck case. Number one members of the Acne Inc team had been working hard to finalize a sales proposal that was to be presented the following day upon completion.

They were annoyed to see that the printer was out of ink again in an attempt to save the day. Julie and Colleen hopped into Julie’s car to rush to an office supply store for new cartridges.

In her haste. Julie hit another car while she was texting her husband that she’d be home a little late. The other driver and passengers were injured and their car was totaled.

The lawsuit that followed, targeted Acme because Julie was acting on behalf of the company when the accident occurred.

The hefty legal and judgment costs would have been covered by hired and non owned auto liability insurance up to purchased policy limits bad luck case. Number two during the previous litigation, it was discovered that Colleen wasn’t an employee of Acme Inc.

She was a 1099 contractor. She was contracted initially to consult on a project, but she did so well. It developed into a full time situation although Julie only had minor injuries from the car accident, Colleen in the passenger seat was badly injured and had a long recovery.

Acme had workers’ compensation insurance that covered Julie’s expenses but not Colleen’s. The state identified that Acme had misclassified Colleen and she should have been classified as an employee.

This led to hefty penalties for Acne and they also ended up needing to pay Colleen’s medical costs and damages from the lawsuit she later filed.

Can you see how some variation of these examples could be applied to your business? Overwhelmed. No worries.

We’ll guide you through the types of policies that best fit your specific business and what limits make the most sense for each.

We’d be happy to review your insurance coverage options with you! Give us a call at (703) 751-1001 or visit https://burkeandburkeinsurance.com/.

Anyone who has ever had roof damage knows that it is one of the most harrowing and expensive types of damage that could happen to your home. And you know, because of these just nightmare stories, homeowners need to know whether or not roof damage is covered in a home insurance policy. And so well, it depends uh like most kinds of insurance, a home policy covers the types of damage that are outlined in the paperwork. So make sure that you check the details of your policy and see if you’re covered, read that fine print and if you don’t have roof replacement coverage, then you can typically add it into your policy and you know, not for nothing but because roof damage can be so costly. It’s actually a really smart thing to have. Also keep in mind that depending on what kind of uh roof your home has and how the damage was caused, your coverage can vary. So if you are still unsure of whether or not your roof is protected, the best thing you can do is speak with your insurance agent and let them know that you’re concerned

We’d be happy to review your insurance coverage options with you! Give us a call at (703) 751-1001 or visit https://burkeandburkeinsurance.com/.

We’d be happy to review your insurance coverage options with you! Give us a call at (703) 751-1001 or visit https://burkeandburkeinsurance.com/.

We’d be happy to review your insurance coverage options with you! Give us a call at (703) 751-1001 or visit https://burkeandburkeinsurance.com/.

Meet Brian Heflin from Burke & Burke Insurance, one of our trusted local business partnerships. Watch this quick video and reach out to Brian for all your insurance needs!