Business Insurance Has Risks

We Help You Understand the Risk vs. Reward

We understand that your business is unique.  You serve people first, and foremost.  Just because you are a small business does not mean you are exempt from litigation.  Commercial Liability Insurance from Jewell Insurance offers protection to your businesses.  It covers claims from property damage and/or bodily injury to a third party caused by your business operations, or from your premises.  This general liability coverage may also provide for the legal defense of the insured.

General Liability Insurance should be the foundation of your insurance program.  General Liability Insurance provides the following coverage:

Bodily Injury – Bodily Injury to a third party.

Property Damage – Damage to a third party’s property (equipment building etc.).

Personal Injury – Injury to the mind or emotions, as opposed to an injury to property.

Advertising Liability – Damages arising out of advertising, libel, slander, or invasion of privacy.

Products and Completed Operations – Liability arising out of products or business operations and services conducted, excluding professional services.

Premises – Covers liability arising out of injury to third parties while on your premises.

Medical Payments – A general liability coverage that reimburses others, without regard to the insured’s liability, for bodily injury while on your premises.

General Liability Insurance is designed to cover defense costs as well as judgments.  It is an important part of your recommended insurance program.

 

Are You Covered if you Rent out Part of Your Home Through Home-Sharing Networks?

A Personal Insurance Update

More and more people are deciding to rent out a room to third parties through home-sharing networks. This can be a good way to make extra money to help you pay your mortgage or other expenses. Many people still do not understand if their homeowner’s insurance provides coverage for this exposure.  Do you know who is liable if your renter is hurt while on your premises?

Here are facts that may help you decide if you want to rent out a room or your second home:

If you have a rental, you are not covered under a standard homeowner’s insurance policy.

Some home-sharing companies may offer coverage, but there could be coverage gaps.

There may be no coverage for injury to your neighbor’s property, injury to your neighbor, theft of your property, or stolen items.

It is best to check with our office about the coverage options you may need based on your individual circumstances.  Our goal will be to provide the best possible combination of coverage, price, and service.

Have You Considered These Types of Insurance?

 

A personal Insurance Update

People buy insurance to protect their assets from loss.  Typically, that includes homeowner’s insurance, auto insurance, life insurance, and a personal health policy.  However, there are other kinds of personal insurance that you may not have considered.  A balanced personal insurance program may consist of some of the following kinds of coverage.

Earthquake or flood insurance. Depending on where you live, you may need to consider this kind of disaster insurance.

Home based business insurance. If you operate a business from home, your homeowner’s insurance will not cover this.  You will need a business insurance policy.

Sewer backup coverage. Your homeowner’s insurance will cover water damage from a cracked pipe (per the terms of your policy), but if your sewer is backed up from outside your home, you may have a gap in coverage.

Personal umbrella. A personal umbrella policy will provide limits of coverage over and above your homeowner’s and auto insurance.  If you own a boat, pool, ATV, or own your home, you may want to consider a personal umbrella policy.

Identity theft. Identity theft insurance covers your out of pocket expenses such as legal fees and other expenses to clear up your personal records.

Prom and Graduation Safety

This is the time of year when graduation parties and proms are in full swing. We congratulate all graduates on a job well done. High school is full of defining moments for Bay Area teens and two of the highlights for most are prom and graduation. We want your celebration to be a happy and safe one, so here are a few tips.

Teen driving tips to keep prom and graduation safe

However, this time of year often sees other, more tragic defining moments – serious car accidents involving teens who are distracted or even under the influence of alcohol or drugs.

First, encourage your teen to follow these general safe-driving rules:
Absolutely no alcohol
Always use seat belts
No cell phone use (including texting) while driving

Special circumstances

Of course, special events such as prom and graduation often present special circumstances. There may be dinner with dates before the dance and parties before or after either event. It’s a good idea to discuss your expectations well before each event, putting some guidelines into place before your teen heads out for the night. Here are some ideas:

Make sure you know the itinerary of the evening, as well as who else will be with your teen. You should have contact information for everyone.

Have a way to contact your teen at all times. You may want to require them to check in with you once or twice over the course of the evening.

Set a curfew, whether they are coming back to your home or staying with a friend. If they are staying elsewhere, make sure the curfew will be enforced by a responsible adult.

Discuss with your teen how to handle difficult situations, such as facing pressure to drink, or accepting a ride with someone who shouldn’t be driving. It’s a good idea to provide your child with money for a taxi just in case.

Offer a “no-questions-asked” ride home, should they need one during the evening.

If you’re worried about your teen driving, consider alternate transportation. A car service or limousine will provide a responsible, experienced adult driver. You also will be able to limit changes to the itinerary and contact the driver.

A 2018 Personal Insurance Guide

When was the last time you reviewed your personal insurance coverage? The New Year is a great time to review your personal insurance. Most of us know that major life events can make it necessary to update our insurance coverage. But did you know that even subtle changes can have an impact on your financial needs and plans?  Call our office today, and we can help you find the right combination of personal insurance coverage and price.

Items To Consider (you may need insurance for some of these)

Bought a new car or sold a car

Changed your marital status

Bought a boat, RV or ATV

Change of address

Welcomed a new baby into the family

Major inheritance

Have a new teen driver in the family

Child headed off to college

Purchased second home

Planned foreign travel

Started a home based business

I now drive my personal car for work

Personal Insurance

Review my insurance to make sure I have the right coverage

Take the time to read my insurance policies

Does my independent agent have all my correct information, including new phone number, address, and newly purchased property?

Make sure I have identity theft insurance

Do I have enough life insurance?

Do I need life insurance for my spouse?

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