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Tag: commercial insurance policies

5 Unexpected Things Your Commercial Property Insurance Actually Covers

Posted on by Emilie Hagopian

When business owners think about commercial property insurance, they usually picture coverage for fires, floods, or major structural damage — and they’re right! But what many don’t realize is that this type of insurance goes way beyond just fixing broken buildings.

From stolen office equipment to income loss from unexpected shutdowns, commercial property insurance has your back in ways you might not expect. Let’s dive into some of the most surprising things your policy can cover — and why having the right protection in place is a game-changer for your business.

1). More Than Just the Building — Your Equipment & Office Furniture Are Covered

If a fire or storm damages your business, you’re probably thinking about rebuilding the structure — but what about everything inside?

Your office furniture, computers, machinery, and other business essentials are just as crucial to keeping things running. Commercial property insurance includes personal property protection, so if your desks, tools, or high-tech equipment are damaged or stolen, you won’t have to cover the replacement costs alone.

Why it matters: If your business relies on expensive machinery or specialized tools, this coverage can save you thousands.

2). Lost Income? Business Interruption Insurance Has You Covered

A fire breaks out, a storm floods your space, or vandals cause major damage — you can’t open your doors, and every day that passes means lost income. What now?

This is where business interruption insurance steps in. While not all commercial property insurance policies automatically include it, adding this coverage can help you recover lost income while your business gets back on its feet.

Why it matters: Bills, rent, and payroll don’t stop just because you can’t operate. Business interruption insurance ensures you can stay afloat even when business is on hold.

3). Vandalism & Theft — Even if It’s Just One Item

Think vandalism is only about graffiti and broken windows? Think again. If someone breaks in and steals expensive equipment or causes damage to your space, commercial property insurance can cover the losses.

Even a small act of vandalism, like a broken sign or smashed door, can be costly to repair — but the right coverage ensures you’re not stuck with the bill.

Why it matters: Theft and vandalism can happen to any business, especially those in high-traffic areas.

4). Natural Disasters — Because Nature Doesn’t Care About Your Business Hours

From wildfires in Colorado to severe storms in Texas, extreme weather events can destroy a business in minutes. While some disasters require additional coverage (like flood insurance), a comprehensive commercial property insurance policy protects against fire, wind damage, and more.

Why it matters: If a natural disaster disrupts your business, having the right policy can mean the difference between recovering or closing for good.

5). Protection Even If You’re Expanding or Upgrading

If you’re expanding, upgrading, or investing in a new commercial property, you’ll want to make sure it’s properly insured from day one. Having an experienced insurance partner can help ensure that your new space — and everything in it — is protected as your business grows.

Why it matters: Whether you’re adding a new location or upgrading current assets, commercial property insurance adapts to your evolving business needs.

Protect Your Business Before the Unexpected Happens

Your business is more than just four walls; it’s everything inside, the people you employ, and the income that keeps it running. The right commercial property insurance policy ensures that when disaster strikes, you have the support you need to recover quickly.

At Avalue Insurance, we specialize in tailored commercial property insurance solutions to protect your business assets, income, and future growth. Don’t wait until the unexpected happens. Contact us today to get a customized policy that fits your needs! Give us a call at 303-773-3332, email us at info@avalueinsurance.com, or request a quote right here online!

A Day in the Life of a Restaurant Owner (And the Hidden Risks You Face)

Posted on by Emilie Hagopian

Owning a restaurant sounds like a dream — serving up amazing food, creating a welcoming atmosphere, and watching happy customers enjoy your menu. But behind the scenes, it’s a whirlwind of early mornings, late nights, and constant problem-solving. One minute, you’re checking inventory; the next, you’re putting out (literal or figurative) fires.

Running a restaurant is equal parts passion and chaos, and with that chaos comes hidden risks that could shut down your business if you’re not protected. Let’s walk through a typical day in the life of a restaurant owner and highlight the hidden dangers that make restaurant insurance a must-have.

10:00 AM – Getting Ready for the Day

The morning is spent prepping ingredients, checking inventory, and ensuring everything place before customers arrive. Then, a server slips on a wet floor while setting up tables and injures their back.

Risk Alert: Workplace injuries are common in restaurants, and without workers’ compensation insurance, an injured employee could sue for medical costs and lost wages.

How Insurance Helps: Workers’ compensation insurance covers medical expenses, rehabilitation costs, and lost wages, ensuring your employees get the care they need without putting your business at risk.

1:00 PM – The Lunch Rush Brings the Unexpected

It’s a packed house, and customers are enjoying their meals. Suddenly, one guest claims they got food poisoning after eating seafood. They’re demanding compensation and threatening legal action.

Risk Alert: Foodborne illness claims can lead to lawsuits, negative press, and major financial losses.

How Insurance Helps: Foodborne illness coverage protects against claims from contaminated food, helping with legal fees, medical expenses, and lost business revenue.

4:00 PM – Afternoon Break… or Not

You step away for a quick meeting when you get a call from the valet service: a customer’s luxury car has been damaged while parked.

Risk Alert: Even if your valet drivers are careful, accidents happen, and without garagekeeper liability insurance, you could be responsible for costly repairs.

How Insurance Helps: Valet parking/garagekeeper liability insurance covers damage to customer vehicles while they’re in your care.

7:00 PM – Dinner Rush & Liquor Liability Concerns

Your restaurant is packed, and the bar is busy. A customer has too much to drink, then gets into a car accident after leaving. Now, your restaurant could be held liable.

Risk Alert: If a guest causes harm after drinking at your establishment, your business could face a lawsuit for over-serving alcohol.

How Insurance Helps: Liquor liability insurance covers legal fees, settlements, and damages related to alcohol-related incidents.

11:00 PM – Closing Time & Property Risks

The last customers leave, and your staff begins cleaning up. That’s when you notice a break-in — the cash register has been emptied, and expensive kitchen equipment is missing.

Risk Alert: Theft and vandalism can result in major financial losses, especially if high-value items are stolen.

How Insurance Helps: Crime/fidelity policies cover losses due to employee theft or external crime.Property insurance covers stolen equipment, broken windows, and other damages.

The Next Morning – Business Interruptions Can Cost You Big

After a long night and a terrible day before, you arrive in the morning only to find flooding in the kitchen from a burst pipe. Now, you have to close for repairs, losing out on valuable revenue.

Risk Alert: Unexpected events like fires, floods, and equipment breakdowns can force you to shut down temporarily.

How Insurance Helps: Business interruption insurance covers lost income and operating expenses while your restaurant recovers.

Don’t Let Risks Take Your Restaurant Down

Every day, restaurant owners face hidden risks that could lead to huge financial losses if they’re not prepared. The right restaurant insurance policy ensures that you’re covered from the unexpected, whether it’s an employee injury, liquor liability claim, property damage, or business interruption.

At Avalue Insurance, we specialize in custom restaurant insurance plans designed to protect your business. Contact us today to get the coverage you need so you can focus on running a successful restaurant, worry-free! Give us a call at 303-773-3332, email us at info@avalueinsurance.com, or request a quote right here online!

BOPs for Startups: Why New Businesses Should Invest in Coverage Early

Posted on by Emilie Hagopian

Starting a business is exciting, but it also comes with risks. Between managing finances, building a brand, and attracting customers, insurance might not be at the top of your to-do list. But skipping coverage early on could be a costly mistake.

A Business Owner Policy (BOP) is one of the smartest investments a startup can make. It bundles essential coverage — property insurance, general liability, and business interruption insurance — into one affordable package. If you’re a new business owner, here’s why you should secure a BOP early rather than waiting until you think you need it.

Why Startups Need a Business Owner Policy

1). You’re More Vulnerable Than You Think

Many startups assume they don’t need insurance because they’re small or just getting started. But that’s exactly when your business is at its most vulnerable. One lawsuit, a fire, or a break-in could wipe out everything you’ve worked for.

A BOP protects your business assets, helping you recover from unexpected setbacks without draining your finances.

2). Property Insurance Covers More Than Just Buildings

Think your home-based business or rented office space means you don’t need property insurance? Think again. Property insurance within a BOP covers not just buildings, but also equipment, inventory, furniture, and even digital assets in some cases.

If your startup relies on expensive laptops, tools, or inventory, a BOP ensures you’re covered if disaster strikes.

3). General Liability Shields You from Costly Lawsuits

Even the most careful business owners can’t prevent every accident or customer complaint. A single lawsuit — whether it’s from a customer slipping in your store or a product defect claim — could cost thousands in legal fees.

A BOP includes general liability insurance, which covers legal costs, settlements, and medical expenses, saving you from a financial nightmare.

4). Business Interruption Insurance Keeps You Afloat

What if a fire or storm forced you to close your doors for weeks? Could your startup survive? Many small businesses fail within months of an unexpected closure simply because they don’t have a financial backup plan.

With business interruption insurance, your BOP helps cover lost income and operating expenses while you get back on your feet.

5). BOPs Are Cost-Effective for Startups

One of the biggest advantages of a BOP for startups is its affordability. Instead of purchasing separate policies for liability, property, and business interruption coverage, a BOP bundles them together at a lower cost.

It’s a smart, cost-effective way to protect your business without breaking your budget.

Protect Your Startup from Day One

As a startup, you’re focused on growth, innovation, and success — not worst-case scenarios. But protecting your business early with a Business Owner Policy ensures you’re ready for anything.

At Avalue Insurance, we specialize in customized BOP solutions for startups and small businesses. Let’s secure your future today. Contact us to get a personalized quote! Give us a call at 303-773-3332, email us at info@avalueinsurance.com, or request a quote right here online!

5 Risks You’re Taking Without Professional Liability Insurance

Posted on by Emilie Hagopian

Running a business or offering professional services comes with plenty of rewards, but it also comes with plenty of risks. Sure, you may be an expert in your field, but let’s face it — mistakes happen. And when they do, they can cost you more than just money! If you don’t have professional liability insurance, you’re leaving yourself open to some serious risks. Let’s talk about five big ones.

1). Costly Lawsuits

Ah, the L-word. It’s a word that every business owner hopes they’ll never have to hear or utter. But unfortunately, lawsuits happen more often than you’d think, and the aftermath is never pretty. 

Let’s say a client claims your advice led to financial losses. Suddenly, you’re hit with a lawsuit demanding thousands (or even millions) of dollars in damages. Legal fees alone can drain your savings, not to mention the settlement or judgment if you lose. Professional liability insurance can step in to cover these costs (so you don’t have to).

2). Your Reputation Is on the Line

A lawsuit isn’t just a financial burden; it’s a reputational one too. Even unfounded claims can damage your credibility and make potential clients think twice about hiring you. Professional liability insurance often includes coverage for PR efforts to help repair your reputation if a claim goes public.

3). Contract Requirements Could Exclude You

Many clients, especially large organizations, require contractors and service providers to carry professional liability insurance. If you don’t have it, you might miss out on lucrative opportunities simply because you don’t meet their standards. PLI is often a ticket to landing bigger, better contracts.

4). Human Error Happens

Let’s be real: nobody’s perfect. Maybe you overlooked a critical detail, missed a deadline, or miscalculated something. Even small mistakes can lead to big financial losses for your clients—and they might expect you to cover the cost. Professional liability insurance can protect you from bearing the full brunt of those mistakes, covering claims that arise from errors or omissions.

5). Claims Can Haunt You Long After the Job Is Done

Here’s something many people don’t realize: you can be sued for work you completed months or even years ago! Without professional liability insurance, you’re on your own for any claims that arise after you’ve wrapped up a project. A good policy can include an extended reporting period to cover those situations.

Don’t Leave Your Business Vulnerable

At Avalue Insurance, we understand the unique challenges professionals face, and we’re here to help you find the coverage that fits your needs and budget. Our team of experts will walk you through the process, answer your questions, and ensure you’re protected against the unexpected.

Don’t let one mistake or misunderstanding derail your hard work. Contact Avalue Insurance today to discuss your professional liability insurance options! Give us a call at 303-773-3332, info@avalueinsurance.com, or request a quote right here online!  

Restaurant Insurance for Food Trucks 

Posted on by Emilie Hagopian

Is Your Mobile Restaurant Covered?

Food trucks have a special place in my heart. There’s nothing quite like spotting a lively food truck on your favorite street corner, the scent of sizzling street tacos or fresh-cut fries wafting through the air. And while food trucks definitely bring the flavor, many of them are lacking in one thing: insurance coverage. With unique risks and challenges that come from running a restaurant on wheels, every food truck needs specialized insurance to keep their business protected — and rolling smoothly. Let’s talk about what kinds of coverage every food truck owner should consider.

Why Food Trucks Need Special Kinds of Insurance

Operating a food truck is nothing like running a brick-and-mortar restaurant. Your business is constantly on the move, which means you face unique risks every single day. What if your truck breaks down during the lunch rush? What if your fryer malfunctions and causes a fire? Or worse, what if you’re in an accident on the way to a food festival?

Traditional coverage just won’t cut it. You need a plan that will cover you at all times, whether you’re cruising down Main Street or parked at a weekend farmers’ market.

The Solution: Comprehensive Restaurant Insurance

Your food truck may not be a “restaurant” in the traditional sense, but it can still benefit from a comprehensive restaurant insurance policy. Here’s a breakdown of everything that should be included in your restaurant insurance policy and how it can help you protect your food truck: 

1). Restaurant Liability Insurance

Maybe a customer trips on the curb right next to your food truck, or maybe they claim your spicy chicken taco was just too spicy and made them sick. General liability insurance has your back for things like injuries or property damage. It’s the ultimate “just in case” coverage for those unexpected moments.

2). Liquor Liability Insurance

If your food truck serves alcohol, you’ll want liquor liability insurance in your corner. It covers your business in case a customer overindulges and ends up causing damage or injury. Serving responsibly is key, but this coverage helps protect you from the “what-ifs.”

3). Property Insurance

Your food truck is more than a vehicle — it’s literally your kitchen, your storefront, and your livelihood. Property insurance covers your expensive equipment like grills, refrigerators, and even your inventory against damage or theft. If something breaks or gets stolen, this policy keeps you cooking.

4). Business Interruption Insurance

What happens if your truck is out of commission because of a fire, theft, or mechanical issue? Business interruption insurance helps cover lost income and operating expenses while you’re off the road. 

5). Foodborne Illness Coverage

Foodborne illnesses are every food business owner’s worst nightmare. If a customer claims your food made them sick, this coverage steps in to handle the legal and medical costs. It’s peace of mind for those “just in case” moments.

6). Workers’ Compensation Insurance

If you’ve got employees helping you prep, cook, or serve, workers’ compensation insurance is a no-brainer. It covers medical expenses and lost wages if someone gets hurt on the job, whether they burn their hand or slip on a spill. It’s also required by law in most states, so don’t skip it!

7). Company Auto Insurance

Your truck quite literally is your business, and personal auto insurance isn’t enough to protect it. Company auto insurance covers damages from accidents, theft, or vandalism and even protects you from liability while you’re on the road.

8). Crime/Fidelity Policies

Handling cash and inventory out in the open can make food trucks a prime target for theft. Crime insurance protects your business from losses due to employee dishonesty or other theft-related incidents.

9). Electronic Instrument Policies

Your POS system, computer, and other tech are vital for running your business. Electronic instrument policies ensure that if your gadgets are damaged by the rain or stolen unexpectedly, you won’t be left scrambling.

Stay Covered and Keep Rolling

Running a food truck is an exciting, dynamic business—but it’s not without risks. The right insurance coverage ensures that you’re prepared for the unexpected, from kitchen accidents to road mishaps.

At Avalue Insurance, we specialize in helping food truck owners find the perfect coverage for their unique needs. Whether you’re just starting or expanding your fleet, we’ll work with you to create a policy that fits your budget and your business.

Contact us today to get started! You can give us a call at 303-773-3332, email us at info@avalueinsurance.com, or request a quote right here online! 

Emerging Risks in 2025

Posted on by Emilie Hagopian

Is Your Business Prepared?

Welcome to 2025 (almost), where the pace of change shows no signs of slowing down. Technology is advancing, industries are evolving, and with these shifts come new risks that businesses need to tackle head-on. The question is: is your business ready?

From cyberattacks to climate-related disruptions, 2025’s business landscape will demand more than just standard coverage. Let’s explore the top emerging risks of 2025 and how the right commercial insurance can protect your business against them.

1). Cybersecurity Threats: The Digital Battlefront

Cyberattacks aren’t just a possibility; they’re a probability. Hackers are becoming more sophisticated, targeting businesses of all sizes. In fact, small businesses are increasingly on the radar because they’re often less protected. Ransomware, phishing schemes, and data breaches can cost businesses thousands, if not millions.

How to Prepare:
Cyber liability insurance is a non-negotiable in 2025. It covers expenses related to breaches, from notifying customers to restoring systems, ensuring your business bounces back stronger.

2). Climate-Related Risks: Not Just a Weather Problem

From extreme storms to unexpected flooding, businesses are feeling the effects of climate change. Even if you don’t think your area is prone to natural disasters, the unpredictable nature of weather events can throw a wrench in operations.

How to Prepare:
Make sure your commercial property insurance includes coverage for natural disasters. 

3). Regulatory Changes: The Compliance Conundrum

With new laws and regulations cropping up regularly, staying compliant is a full-time job. Penalties for non-compliance can be steep, and ignorance isn’t an excuse.

How to Prepare:
Professional liability insurance can protect you if a mistake or oversight leads to a compliance issue. It’s peace of mind in an ever-changing regulatory world.

4). Talent Risks: The Workforce Revolution

The labor market is shifting, with trends like remote work and gig economy roles reshaping the workforce. These changes bring unique challenges, including employee retention and liability concerns.

How to Prepare:
Workers’ compensation insurance is a must to protect your team and your business, whether your employees are in-office or remote.

2025 Is the Year to Be Proactive

The landscape of risks is constantly evolving, but one thing remains the same: protecting your business isn’t optional. By staying ahead of these emerging risks and securing the right commercial insurance, you can face the future with confidence.

At Avalue Insurance, we specialize in helping businesses navigate this complex landscape. Whether you need cyber liability coverage, property protection, or help with unique industry-specific risks, we’re here to help you get the coverage you need.

Give us a call at 303-773-3332, email us at info@avalueinsurance.com, or request a consultation right here online!

The Risks of Being an Underinsured Business Owner 

Posted on by Emilie Hagopian

Running a business comes with enough challenges — insurance coverage shouldn’t be one of them. But too many business owners wrestle with their own policies, especially after finding out that they weren’t fully covered to begin with. 

That’s a scary thought, isn’t it? Imagine humming along, running your business as usual, and then boom! Something goes wrong, and your insurance doesn’t cover it. Too many business owners nowadays have experienced this, and they’ve faced the costly ramifications of being underinsured. 

Could you be next? Well, let’s talk about it. 

What Does Being “Underinsured” Even Mean?

Being underinsured doesn’t necessarily mean you don’t have insurance; it just means that the coverage you do have isn’t enough to cover the actual costs of a particular claim. Maybe your policy doesn’t account for recent growth, updated equipment, or increased liabilities. The result? You’re stuck paying out-of-pocket for the difference.

Why Does It Happen?

Underinsurance happens for a few reasons:

  1. Outdated Policies: Your business evolves, but your insurance doesn’t.
  2. Cost-Cutting: Choosing the cheapest policy may leave gaps in coverage.
  3. Misunderstanding Risks: You might not realize what your business actually needs.

The Risks of Being Underinsured

  1. Financial Loss
    If a fire destroys your inventory or a cyberattack locks you out of your systems, inadequate coverage can mean paying thousands — or even millions — out of pocket.
  2. Legal Trouble
    General liability insurance might cover a slip-and-fall, but what about professional mistakes or customer data breaches? Without the right policies, you could face lawsuits and legal fees.
  3. Business Closure
    Worst-case scenario? A lack of funds to recover after a disaster could lead to shutting your doors for good.

How to Avoid Being Underinsured

  1. Assess Your Current Coverage
    Review your policy regularly to ensure it reflects your current operations, equipment, and liabilities.
  2. Tailor Your Policies
    Work with an expert to customize coverage for your specific industry needs, whether that’s contractor’s insurance, cyber insurance, or a business owner’s policy (BOP).
  3. Don’t Skimp on Coverage
    A cheaper policy might save you money now, but it could cost you big later. Focus on value over price.

Upgrade Your Coverage Today 

You deserve more than “good enough” coverage; you deserves peace of mind. At Avalue Insurance, we’re here to help you find comprehensive policies tailored to your unique business needs. From reviewing your current coverage to addressing gaps you didn’t even know existed, we’ve got your back.

Don’t wait until it’s too late. Contact Avalue Insurance today to ensure your business is fully protected. Give us a call at 303-773-3332, email us at info@avalueinsurance.com, or request a consultation right here online!

Choosing the Right Commercial Insurance for Your Industry

Posted on by Emilie Hagopian

Let’s face it: running a business is already a juggling act, and throwing “commercial insurance” into the mix can feel like just one more ball in the air. The last thing you have time for is a pop quiz on which commercial policy is right for you. 

But here’s the thing: protecting your business isn’t a “one-size-fits-all” situation. The risks a tech startup faces are wildly different from those of a construction company or a retail shop. That’s why choosing the right commercial insurance for your industry is so important.

Your Industry Matters

Every industry has its own set of risks. A restaurant owner needs coverage for things like food spoilage or slip-and-fall accidents, while a tech company might be more concerned about data breaches or intellectual property disputes. By tailoring your policy to your industry, you’re ensuring that you’re covered where it really matters.

Policies to Consider by Industry

  • Small Businesses and Startups
    • Business Owner’s Policy (BOP): A must-have for many small businesses, this bundles general liability and commercial property insurance into one cost-effective package. It’s perfect for those just starting out and looking to cover the basics without breaking the bank.
  • Construction and Contracting
    • Contractor’s Insurance: Protects against the unique risks contractors face, such as property damage, equipment loss, and injuries on the job site.
    • Workers’ Compensation: Essential for covering employee injuries and meeting legal requirements.
  • Retail and E-Commerce
    • General Liability Insurance: Covers customer injuries and property damage—think slips, trips, or falls in your store.
    • Commercial Property Insurance: Protects your inventory, storefront, and other assets from theft or natural disasters.
  • Tech and Professional Services
    • Cyber Insurance: Crucial for businesses that store customer data or operate online. It covers costs related to data breaches, ransomware, and other cyber threats.
    • Professional Liability Insurance: Shields you from claims of negligence or errors in the services you provide—perfect for consultants, accountants, or IT specialists.
  • Restaurants and Food Services
    • Restaurant Insurance: Combines general liability, property insurance, and other specialized coverage to protect against kitchen fires, food spoilage, and customer injuries.
  • Automotive and Repair Shops
    • Garage Insurance: Tailored for auto repair shops, this policy covers risks like property damage, customer vehicle damage, and liability.
    • Commercial Auto Insurance: If your business relies on vehicles, this policy protects against accidents, theft, and damage during business operations.

Tips for Choosing the Right Insurance

  1. Assess Your Risks
    Start by identifying the risks unique to your business. What could go wrong, and how could it impact your bottom line?
  2. Bundle for Savings
    A Business Owner’s Policy (BOP) combines general liability and property insurance at a lower cost. It’s a smart choice for many small businesses.
  3. Work with an Expert
    Don’t go it alone. An experienced insurance agent can help you navigate the maze of options and ensure you’re not overpaying — or underinsured.
  4. Review Annually
    Your business evolves, and so do your insurance needs. An annual review ensures your policy keeps up with the changes.

Coverage Made Simple

Choosing the right commercial insurance doesn’t have to be overwhelming. At Avalue Insurance, we specialize in helping businesses across industries find the right coverage for them. Whether you’re a retailer, contractor, or tech guru, we’ve got the expertise to match your needs with the right policies.

Let’s take the stress out of insurance. Call us today at 303-773-3332, email us at info@avalueinsurance.com, or request a consultation right here online!

Top Risks Contractors Face on the Job (And How Insurance Can Help)

Posted on by Emilie Hagopian

Contracting work comes with its own unique set of risks. Whether you’re in construction, electrical, plumbing, or another hands-on industry, you know that even with the best safety practices, accidents can still happen. A single incident — like an injury on-site or damage to a client’s property — can lead to costly legal fees and settlements that could seriously impact your business. And that’s where general liability insurance comes in, providing a safety net so you can keep doing what you do best without worrying about the financial fallout of unexpected mishaps.

Why Contractors Face Higher Risks

There’s risk in every industry, but for contractors, it’s significantly higher. You’re often dealing with heavy machinery, heights, hazardous materials, and public spaces, which can all increase the chances of something going wrong. Because of this, general liability insurance isn’t just a nice-to-have; it’s a must-have. In fact, many clients won’t even consider hiring a contractor without proof of liability coverage. This not only shows that you’re serious about safety, but it also means that your clients (and you!) can have peace of mind in case something goes wrong.

How General Liability Insurance Protects Contractors

Protecting Your Business Assets: Let’s say someone trips over a power tool at your worksite and sues you for medical expenses. Without sufficient liability insurance, your business assets could be at risk if you’re found responsible. General liability insurance helps cover these claims, keeping your assets safe from seizure.

Ensuring Business Survival: Legal fees and settlements can quickly add up, and if a court judgment goes against you, it could threaten the very survival of your business. General liability insurance is there to cover these expenses (up to your policy limits), giving you a safety net so your business can survive even the toughest legal battles.

Security for You and Your Employees: Liability insurance doesn’t just protect your business as a whole; it also provides coverage for individual employees. So if an employee makes a mistake that causes property damage or injury, your general liability insurance has you covered. This level of security allows you and your team to work confidently, knowing you’re protected.

How Much Does Contractor’s General Liability Insurance Cost?

The cost of general liability insurance for contractors can vary based on several factors. These include the size of your business, your location, your company’s track record with accidents or claims, and the level of coverage you need. If you’re a contractor who only needs basic liability coverage and not a full business owner’s policy (BOP), you might even be eligible for a contractor-specific general liability policy at a more affordable rate.

Ready to Protect Your Business?

If you’re looking for the right coverage for your contracting business, Avalue Insurance is here to help! Our experienced agents understand the unique risks contractors face and are ready to guide you to the best coverage at the best rate. Contact Avalue Insurance today, and let us help you protect your business with the right kind of coverage! Give us a call at 303-773-3332, shoot us an email at info@avalueinsurance.com, or request a consultation right here online!

Why Liquor Liability Can Make or Break Your Restaurant

Posted on by Emilie Hagopian

Owning a restaurant is no small feat. From managing daily operations to delighting customers with amazing food, you’ve got a full plate. But, if your establishment serves alcohol, there’s one more crucial piece to the puzzle: liquor liability insurance. This coverage can be a true lifesaver, protecting your restaurant from potential legal and financial fallout if a customer who drank at your place causes an accident or gets into legal trouble. Let’s talk about why liquor liability insurance is crucial and what it can do for your business.

Why Do Restaurants Need Liquor Liability Insurance?

When it comes to serving alcohol, a lot is at stake. Despite your team’s best efforts to serve responsibly, things can go sideways. Liquor liability insurance steps in to cover damages if a patron overindulges and, as a result, causes harm to others or property. In many cases, restaurants can be held liable for what happens after a customer leaves the premises under what’s called “dram shop laws.” These laws allow injured parties to sue businesses that provided alcohol to someone who caused harm, which can lead to costly lawsuits.

Imagine this: A guest enjoys a few too many cocktails at your restaurant, decides to drive home, and gets into an accident. The victim could hold your restaurant partially responsible, even if you had no way of knowing your customer’s full intentions. Liquor liability insurance provides coverage to handle legal fees, settlements, and potential damages, protecting your restaurant’s bottom line and reputation.

What Does Liquor Liability Insurance Cover?

Liquor liability insurance goes beyond just covering damages; it’s designed to provide comprehensive protection in situations involving intoxicated patrons. Here’s what it generally covers:

  1. Third-Party Bodily Injury – This coverage protects you if a patron who consumed
    alcohol at your restaurant injures someone. This can include coverage for medical
    expenses, legal fees, and settlements.
  2. Property Damage – If an intoxicated patron damages someone else’s property, like a
    vehicle or another business, your policy could cover repair or replacement costs.
  3. Legal Fees – Lawsuits are expensive. Liquor liability insurance can take care of legal
    defense costs if your restaurant is taken to court.
  4. Assault and Battery – Some liquor liability policies cover incidents of assault and battery
    if they’re linked to alcohol service. This could include fights that break out on or near
    your premises.

Ready to Protect Your Business?

Liquor liability insurance isn’t just another policy; it’s a necessary layer of protection for any restaurant serving alcohol. With the right coverage in place, you can rest a little easier knowing you’re prepared for unexpected situations. At Avalue Insurance, we understand the unique risks restaurants face and are here to help you choose a policy that fits your needs.

Get in touch with Avalue Insurance today to learn more about liquor liability insurance and how we can help protect your restaurant! You can give us a call at 303-773-3332, email us at info@avalueinsurance.com, or request a consultation right here online!

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