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Tag: insurance education

Debunking 5 Myths About Umbrella Insurance

Posted on by Emilie Hagopian

Umbrella insurance: it sounds fancy, doesn’t it? Like something only millionaires would bother with or need. But here’s the thing: umbrella insurance isn’t just for the ultra-wealthy. In fact, it’s a surprisingly affordable way to protect yourself from life’s curveballs. Unfortunately, there are a lot of myths floating around about umbrella insurance that keep people from realizing its true value. So, let’s clear up the confusion and get to the facts.

The Top Myths, Debunked 

Myth #1: “I Don’t Have Enough Assets to Need Umbrella Insurance.”

This is one of the biggest myths out there. People assume umbrella insurance only protects valuable, tangible assets. But it also shields your future earnings. If you’re sued for more than your regular insurance covers, your wages could be garnished for years to pay off the judgment. Umbrella insurance steps in to cover those extra costs so you’re not paying out of pocket for the next decade.

Myth #2: “It’s Too Expensive.”

Think umbrella insurance is going to break the bank? Think again! Most policies have surprisingly affordable premiums, even for $1 million-worth of coverage! In fact, many wind up being cheaper per year than your daily latte habit! And considering the peace of mind it offers, trust me: it’s worth every penny. 

Myth #3: “My Regular Insurance Already Covers Everything.”

Not quite. Regular insurance policies, like home or auto insurance, have limits. Once those limits are reached, you’re responsible for the rest. Let’s say you’re in a car accident, and the damages are $750,000, but your auto policy only covers $500,000. Without umbrella insurance, you’re on the hook for the extra $250,000. Umbrella insurance bridges that gap and keeps your savings intact.

Myth #4: “I’m Careful, So I’ll Never Need It.”

Even the most careful people can’t control everything. Accidents happen, and lawsuits are more common than you’d think. What if someone trips on your property or a social media post you made leads to a defamation claim? Umbrella insurance covers these unexpected scenarios, giving you a financial cushion for life’s little (and not-so-little) surprises.

Myth #5: “It’s Only for the Wealthy.”

Sure, umbrella insurance is a no-brainer for high-net-worth individuals, but it’s also for anyone who wants to avoid financial ruin. Whether you’re a homeowner, renter, or parent of a teen driver, umbrella insurance adds an extra layer of protection that anyone can benefit from.

The Bottom Line

Umbrella insurance isn’t as complicated — or exclusive — as it sounds. It’s an affordable, practical safety net that protects your savings, your assets, and even your future earnings from the unexpected. Whether you’re dealing with a lawsuit or an accident, having umbrella insurance can make all the difference.

Ready to Debunk the Myths for Yourself?

At Avalue Insurance, we’re here to help you separate fact from fiction. Our team will walk you through your options, answer your questions, and find the right umbrella insurance policy for your needs — without breaking the bank.

Don’t let misconceptions keep you from the protection you deserve. Let’s make sure you’re covered, rain or shine! Contact us today 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!

Pit Stop Problems

Posted on by Emilie Hagopian

5 Common Risks for Commercial Garages and How Insurance Handles Them

Owning a commercial garage is no small feat. You’re juggling a lot of moving parts (literally!), and it’s all happening in a risky environment. Customer vehicles, heavy machinery, hands-on employees, hazardous materials — there’s a lot to think about, and a lot that could go wrong in your garage! Accidents are bound to happen, and when they do, commercial garage insurance could be the only thing standing between your business and a total financial breakdown.

But let’s not get ahead of ourselves here. First, let’s talk about commercial garage insurance and why it’s important. Then, we’ll talk about some of the most common risks that commercial garages face (and how insurance can help you handle them).

What is Commercial Garage Insurance?

Garage insurance is designed to protect you from all kinds of potential losses — think property damage, customer injuries, or even a lawsuit. With garage insurance, you get a bundle of coverages like general liability, which shields you from financial liabilities due to accidents, and a business owner’s policy that protects your property and income. You can also include workers’ compensation for your employees and garage-keepers legal liability to cover vehicles under your care. Basically, it’s a type of coverage that’s best suited for the garage-keeping business.

Risks You’ll Face (And the Coverage You’ll Need)

1). Customer Slip-and-Fall

You know how it goes — oil spills, tools on the floor, or maybe even that slick patch of snow right outside the door. A customer slips and suddenly, you’re facing a potential lawsuit. Yikes! General liability insurance has your back here. It helps cover medical costs or legal fees, so one small accident doesn’t turn into a business-ending disaster.

2). Tools Gone Missing

Ever have a situation where a wrench, tire iron, or maybe even a jack goes “mysteriously missing”? The tools and equipment in your garage aren’t cheap, and losing them — or worse, having them stolen — can really set you back. That’s where a business owner’s policy (BOP) steps in. It covers not just liability, but property loss too. So, if your tools take a walk, you’re not left scrambling to replace them out of pocket.

3). Damage to Customer Vehicles

You’re working on a customer’s car and something goes wrong. Maybe another vehicle bumps into it in the lot, or something falls and dings the paint job. Uh-oh. This is where garage-keepers legal liability comes into play. It’s specifically designed to cover any damage to vehicles that are in your care. So, whether the car’s in the shop or sitting outside waiting to be picked up, you’re covered.

4). Employee Injuries

Running a commercial garage isn’t exactly desk work. Your employees are on their feet, lifting heavy objects, and working with dangerous tools. Accidents happen! Workers’ compensation insurance ensures that if one of your employees gets hurt on the job, their medical bills and a portion of lost wages are covered, and your business isn’t hit with unexpected expenses.

5). Business Shutdowns

Imagine a fire breaks out, or a storm damages your garage, and you have to close for repairs. No income, no customers, but the bills still keep coming. That’s where business interruption insurance steps in like your financial safety net. It helps you pay your bills, keep your business afloat, and even cover the cost of temporarily relocating if needed.

Need Garage Insurance? Let Us Help!

At Avalue Insurance, we understand the unique risks that garage-keepers face. Our team is here to help you get all the coverage you’ll need to keep your business running smoothly. Give us a call at 303-773-3332, shoot us an email at info@avalueinsurance.com, or request a consultation right here online! 

Real-Life Lawsuits That Could’ve Been Prevented with General Liability Insurance

Posted on by Emilie Hagopian

Running a business is rewarding, but it also comes with its fair share of risks. One small mishap could turn into a big legal headache, and before you know it, you’re knee-deep in a lawsuit. The good news is, with general liability insurance, you can prevent these incidents from draining your bank account. Here are some real-life lawsuits that show just how important having the right coverage can be!

1). Slip-and-Fall Mishaps

Slip-and-fall lawsuits are one of the most common claims for businesses, and one restaurant learned this the hard way. A customer slipped on a wet floor and suffered a back injury, leading to a lawsuit for $100,000. The customer sought compensation for medical expenses, lost wages, and additional costs because they couldn’t work due to the injury. Without general liability insurance, the restaurant would have been on the hook for the entire amount, plus legal fees.

2). Property Damage Fiascos

Imagine running a bustling beauty salon and everything is going great — until one of your new beauticians drops a bottle of nail polish that spills all over a customer’s pricey handbag. That’s exactly what happened to a salon that was then sued by the customer to replace the damaged property.

3). Privacy Violations

Ever shared a before-and-after photo of a project online to show off your great work? Most businesses have. But one home decor business faced an unexpected lawsuit when a client discovered that photos of their remodeled wardrobe had been shared online without permission. The client sued for invasion of privacy, leading to a hefty legal process. General liability insurance can help cover these types of claims, making sure you’re not left financially drained over a misunderstanding​.

4). Product-Related Injuries

A lawn care company thought they were doing their clients a favor by selling an organic pesticide. Unfortunately, a customer accidentally inhaled the product’s vapors and suffered a severe allergic reaction. The customer sued for $100,000 in medical expenses and other damages. Product-related injuries can be devastating for small businesses, but general liability insurance would have stepped in to cover the costs and keep the business afloat​.

5). Copyright Infringement Gone Wrong

It’s easy to get inspired by others, but that inspiration can sometimes cross the line. A personal trainer started calling himself “The Rocker” after a celebrity with a similar name and used a photo of that celebrity in his advertisements without permission. This led to a copyright infringement lawsuit. The trainer’s general liability insurance would cover legal fees and potential settlements in a situation like this, making sure a branding mishap doesn’t bankrupt your business​.

Protect Your Business from the Unexpected

These real-life cases show that accidents, misunderstandings, and mistakes can happen to anyone, no matter how careful you are. Having general liability insurance isn’t just about following regulations — it’s about protecting your business from financial ruin when things don’t go as planned.

Not sure if you’re fully covered? Let us help! At Avalue Insurance, we specialize in helping businesses of all shapes and sizes get the coverage that they’ll need for the road ahead. Give us a call at 303-773-3332, email us at info@avalueinsurance.com, or request a consultation right here online!

In-Office or Remote? Understanding Your Insurance Needs for Both

Posted on by Emilie Hagopian

The debate between remote work and in-office work has been heating up over the past few years. With more businesses shifting to hybrid or fully remote models, many are asking a crucial question: How do insurance needs differ between remote and in-office employees? Many business owners with at-home businesses believe that they don’t need as much coverage as in-office businesses  if any coverage at all! And while that may be partially correct in some cases, the risk of being underinsured is pretty high. So, let’s settle the debate once and for all!

What’s the Difference in Risk?

Remote Work: When employees are working remotely, the types of risks you need to consider are vastly different. For starters, the likelihood of workplace injuries like slips and falls decreases when they’re not navigating office corridors. However, other risks take the spotlight — think cyber security breaches, misuse of company property, or even liability for employees working from a rented space.

If you have a lot of employees working from home, your insurance should address risks like:

Cyber Security Coverage: If an employee’s home Wi-Fi is hacked, sensitive company information could be compromised.

Equipment Coverage: Laptops, tablets, and monitors used at home should be covered in case of damage or theft.

General Liability: What if an employee invites a client to their home office and an accident occurs? It’s rare, but it can happen!

In-Office Work: In contrast, having employees work on-site means you need to focus more on traditional office-related coverage, such as:

Workers’ Compensation: If someone slips on a freshly mopped floor or sustains an injury in the office kitchen, you’ll need coverage to handle those claims.

Property Insurance: This covers office equipment, furniture, and the space itself in case of fire, theft, or other damage.

General Liability Insurance: General liability protects your business from third-party claims like bodily injury or property damage that might occur on your premises. For example, if a client trips in the lobby, your insurance covers their medical costs.

Are Remote Workers Covered Under Standard Business Insurance?

One of the big questions businesses ask is whether traditional business insurance policies extend to remote employees. The answer is: it depends! Standard policies may not cover equipment and activities that take place outside the designated business premises. So, if your team is working remotely, it’s a good idea to review your coverage with your insurance provider and explore add-ons or separate policies tailored to remote work needs.

Hybrid Work: A Happy Medium, or Twice the Headache?

Hybrid work models mean employees split time between home and the office, which can complicate things a bit. You’ll need to ensure that both environments are adequately covered. This might include expanding your existing business policy to protect equipment at multiple locations or adding extra liability coverage for home-based operations.

So, What’s the Verdict?

Whether you’re running a fully remote, in-office, or hybrid team, understanding the unique insurance needs of each environment is crucial. Regularly reviewing and updating your policies will ensure you’re not caught off guard. And remember, just like choosing between office- and home-brewed coffee, there’s no one-size-fits-all answer — only the best option for your unique setup!

Need help finding the right coverage? We can help with that! Reach out to Avalue Insurance today, and let us help you find a solution that works best for you and your business!

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