Business Insurance

Group Health Insurance

Group Health Insurance: Affordable Coverage

Posted on by Shield Insurance Agency

Shield Insurance Blog | Group Health Insurance | Contact Our Commercial Lines Dept

Group Health Insurance is a type of health insurance that is offered by an employer, union or association to its members while they are still working. It is a way for employers to provide their employees with affordable health insurance coverage, while also protecting them from the high costs of medical care.

What Does Group Health Insurance Cover?

Group Health Insurance typically covers a wide range of medical services, including doctor visits, hospital stays, prescription drugs, and preventive care. It may also cover mental health services, dental care, and vision care. The specific coverage will depend on the plan that is offered by the employer or organization.

How Does Business Health Insurance Work?

Group Health Insurance or Business Health Insurance works by pooling the risk of a large group of people together. This means that the cost of medical care is spread out among all the members of the group, which can help to lower the overall cost of health insurance. The employer or organization typically pays a portion of the premium, while the employee pays the rest.

When a member of the group needs medical care, they will typically visit a doctor or hospital that is part of the insurance network. The insurance company will then pay a portion of the cost of the medical care, while the member will be responsible for paying any deductibles or co-payments that are required.

What Are Examples of Coverage under Group Health Insurance?

Group Health Insurance typically covers a wide range of medical services, including:

  • Doctor visits
  • Hospital stays
  • Prescription drugs
  • Preventive care
  • Mental health services
  • Dental care
  • Vision care

The specific coverage will depend on the plan that is offered by the employer or organization.

What Types of Companies Offer Group Health Insurance?

Many different types of companies offer Group Health Insurance, including:

  • Large corporations
  • Small businesses
  • Non-profit organizations
  • Unions
  • Professional associations

If you are interested in obtaining Group Health Insurance for your employees or members, it is important to work with an experienced insurance agency that can help you find the right plan for your needs.

Shield Insurance Agency represents over 40 insurance companies and can help you find an affordable Group Health Insurance plan that provides the protection your employees or members need. Contact Shield Insurance Agency at (616) 896-4600 for a free quote today or start the quoting process by visiting this LINK and an agent will be in touch soon.

In conclusion, Group Health Insurance is an important benefit that employers and organizations can offer to their employees or members. It provides affordable health insurance coverage and protection from the high costs of medical care. If you are interested in obtaining Group Health Insurance, it is important to work with an experienced insurance agency that can help you find the right plan for your needs. Contact Shield Insurance Agency today to learn more about your options.

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General Liability Insurance also known as Commercial General Liability (CGL)

General Liability Insurance aka Commercial General Liability (CGL)

Posted on by Shield Insurance Agency

Shield Insurance Agency Blog | General Liability Insurance | Email to start a Quote! | Or click here

General Liability Insurance, also known as Commercial General Liability (CGL), is a type of insurance that provides protection to businesses against claims of bodily injury, property damage, and personal injury. It is a crucial component of any business insurance policy, as it provides coverage for a wide range of risks that businesses face on a daily basis.

What is general liability business insurance?

General liability business insurance is a type of insurance that provides coverage for a variety of risks that businesses face. It is designed to protect businesses from claims of bodily injury, property damage, and personal injury that may arise from their operations. This type of insurance is essential for businesses of all sizes, as it provides protection against a wide range of risks that can result in costly lawsuits and legal fees.

What does commercial general liability insurance cover?

Commercial general liability insurance covers a wide range of risks that businesses face on a daily basis. Some of the most common risks that are covered by this type of insurance include:

  • Bodily injury: This type of coverage provides protection against claims of bodily injury that may arise from accidents that occur on your business premises or as a result of your business operations.
  • Property damage: This type of coverage provides protection against claims of property damage that may arise from accidents that occur on your business premises or as a result of your business operations.
  • Personal injury: This type of coverage provides protection against claims of personal injury, such as libel, slander, or defamation, that may arise from your business operations.
  • Advertising injury: This type of coverage provides protection against claims of advertising injury, such as copyright infringement or false advertising, that may arise from your business operations.

How does general liability insurance coverage work?

General liability insurance coverage works by providing protection to businesses against claims of bodily injury, property damage, and personal injury. If a claim is made against your business, your insurance company will investigate the claim and provide legal representation if necessary. If the claim is found to be valid, your insurance company will pay for any damages that are awarded to the claimant, up to the limits of your policy.

What are examples of what is covered by commercial general liability insurance?

Commercial general liability insurance covers a wide range of risks that businesses face on a daily basis. Some examples of what is covered by this type of insurance include:

  • Slip and fall accidents: If a customer slips and falls on your business premises, your general liability insurance will provide coverage for any injuries that they may sustain.
  • Property damage: If your business operations cause damage to someone else’s property, your general liability insurance will provide coverage for any damages that are awarded to the property owner.
  • Product liability: If your business sells a product that causes injury or damage to a customer, your general liability insurance will provide coverage for any damages that are awarded to the customer.
  • Libel and slander: If your business is accused of libel or slander, your general liability insurance will provide coverage for any damages that are awarded to the claimant.

What type of companies need general liability insurance?

All types of companies, regardless of size or industry, need general liability insurance. This type of insurance provides protection against a wide range of risks that businesses face on a daily basis, and can help to protect your business from costly lawsuits and legal fees. Some examples of businesses that need general liability insurance include:

  • Retail stores
  • Restaurants
  • Contractors
  • Manufacturers
  • Service providers

Affordable Protection with Shield Insurance Agency

At Shield Insurance Agency, we understand the importance of protecting your business from the risks that it faces on a daily basis. That’s why we offer affordable general liability insurance coverage that provides protection against a wide range of risks. As an independent insurance agency, we represent over 40 insurance companies, which allows us to find the best coverage at the best price for your business.

Contact Shield Insurance Agency at (616) 896-4600 for a free quote today or start the quoting process by visiting this LINK and an agent will be in touch soon. We are committed to providing our clients with the protection and peace of mind that they need to run their businesses with confidence.

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Cyber Security Insurance in a Digital World

Cyber Security Insurance in a Digital World

Posted on by Shield Insurance Agency

Shield Blog | Cyber Security Insurance | Click Here to Request a Quote

In today’s digital age, businesses of all sizes are at risk of cyber attacks. Cybersecurity breaches can result in significant financial losses, damage to reputation, and legal liabilities. Cyber liability insurance is a type of insurance that provides protection against these risks.

What is Cyber Security Insurance?

Cybersecurity insurance, also known as cyber liability insurance, is a type of insurance that provides coverage for losses resulting from cyber-attacks. This type of insurance is designed to protect businesses from the financial losses that can result from cyber attacks, such as data breaches, ransomware attacks, and other types of cyber threats.

What Does Cyber Security Insurance Cover?

Cyber risk insurance covers a wide range of risks associated with cyber attacks. This type of insurance typically covers losses resulting from data breaches, network security failures, cyber extortion, and other types of cyber threats. Cyber liability insurance can also cover the costs associated with responding to a cyber attack, such as legal fees, public relations expenses, and the cost of notifying affected individuals.

How Does Cyber Liability Insurance Work?

The cyber liability insurance works by providing financial protection against losses resulting from cyber-attacks. When a business purchases cyber liability insurance, they pay a premium to the insurance company. In exchange, the insurance company agrees to provide coverage for losses resulting from cyber-attacks.

If a business experiences a cyber attack, they can file a claim with their insurance company. The insurance company will then investigate the claim and determine if the losses are covered under the policy. If the losses are covered, the insurance company will provide financial compensation to the business to cover the losses.

What are Examples of Ransomware, Data Breach, or a Network Being Compromised Covered by Cyber Security Insurance

Ransomware is a type of malware that encrypts a victim’s files and demands payment in exchange for the decryption key. Data breaches occur when sensitive information is accessed or stolen by unauthorized individuals. A network compromise occurs when an attacker gains unauthorized access to a network and is able to steal or manipulate data.

Who Needs Cyber Liability Insurance?

Any business that stores sensitive information, such as customer data, financial information, or intellectual property, should consider purchasing cyber liability insurance. Small businesses are particularly vulnerable to cyber attacks, as they often lack the resources to implement robust cybersecurity measures. However, even large businesses with sophisticated cybersecurity measures in place can still fall victim to cyber-attacks.

Affordable Protection with Shield Insurance Agency

Shield Insurance Agency represents over 40 insurance companies and can help businesses find affordable cyber liability insurance coverage. With cyber-attacks on the rise, it’s more important than ever for businesses to protect themselves against these risks. Shield Insurance Agency can help businesses find the right coverage to protect against cyber threats.

Contact Shield Insurance Agency at (616) 896-4600 for a free quote today or start the quoting process by visiting this LINK and an agent will be in touch soon. Don’t wait until it’s too late – protect your business with cyber liability insurance today.

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Contractor Insurance to Protect Yourself and Your Business

Contractor Insurance to Protect Yourself and Your Business

Posted on by Shield Insurance Agency

Shield Insurance Blog | Contractor Insurance | Business Insurance |

As a contractor, you know that your job comes with a certain level of risk. Whether you’re working on a construction site or in someone’s home, accidents can happen. That’s why it’s important to have the right insurance coverage to protect yourself and your business. In this blog post, we’ll explore the different types of contractor insurance and why they’re important.

What is General Liability Coverage for Contractor Insurance?

General liability insurance for contractors is a type of insurance that provides coverage for bodily injury, property damage, and personal injury claims that may arise from your work as a contractor. This type of insurance is designed to protect you from financial loss if you’re found liable for damages or injuries caused by your work.

What Does Liability Contractor Insurance Cover?

Contractor liability insurance typically covers the following:

  • Bodily injury: If someone is injured on the job site or as a result of your work, your liability insurance will cover their medical expenses and any other damages they may be entitled to.
  • Property damage: If you damage someone’s property while working on a job, your liability insurance will cover the cost of repairs or replacement.
  • Personal injury: If you’re accused of slander, libel, or other types of personal injury, your liability insurance will cover the cost of legal fees and any damages awarded to the plaintiff.

How does business insurance for contractors work?

Business insurance for contractors is a type of insurance that provides coverage for a wide range of risks that your business may face. This type of insurance is designed to protect your business from financial loss if something goes wrong.

What does business insurance for contractors cover?

Business insurance for contractors typically covers the following:

  • Property damage: If your business property is damaged or destroyed, your insurance will cover the cost of repairs or replacement.
  • Business interruption: If your business is forced to shut down due to a covered event, your insurance will cover the lost income and expenses.
  • Workers’ compensation: If one of your employees is injured on the job, your insurance will cover their medical expenses and lost wages.
  • Professional liability: If you’re accused of professional negligence or errors and omissions, your insurance will cover the cost of legal fees and any damages awarded to the plaintiff.

Who needs Liability Construction Insurance?

If you’re a contractor, you need construction liability insurance. This type of insurance is essential for protecting your business from financial loss if something goes wrong on the job site. Even if you’re a small contractor, the cost of a lawsuit or damages can be devastating to your business. That’s why it’s important to have the right insurance coverage in place.

Affordable Contractor Insurance Protection with Shield Insurance Agency

At Shield Insurance Agency, we understand the unique risks that contractors face. That’s why we offer a wide range of insurance products designed specifically for contractors. We represent over 40 insurance companies, which means we can find the right coverage at an affordable price.

Contact Shield Insurance Agency at (616) 896-4600 for a free quote today or start the quoting process by visiting this LINK and an agent will be in touch soon. We’ll work with you to understand your business and find the right insurance coverage to protect your business from financial loss. Don’t wait until it’s too late – contact us today to get started.

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Commercial Property Insurance: Protecting Your Assets

Commercial Property Insurance: Protecting Your Assets

Posted on by Shield Insurance Agency

Shield Insurance Blog | Commercial Property Insurance | Business Insurance | Start A Quote Today!

As a business owner, you know that protecting your assets is crucial to the success of your company. One of the most important assets you have is your commercial property. Whether you own the building or lease it, you need to have the right insurance coverage to protect it from unexpected events. In this blog post, we will discuss what commercial property insurance is, what it covers, and why you need it.

What is Small Business Commercial Property Insurance?

Small business property insurance is a type of insurance that provides coverage for your business property, including buildings, equipment, inventory, and other assets. This type of insurance is designed to protect your business from financial losses due to damage or loss of property caused by events such as fire, theft, vandalism, and natural disasters.

What Does Commercial Fire Insurance Cover?

Commercial fire insurance is a type of insurance that provides coverage for damage caused by fire to your commercial property. This type of insurance covers the cost of repairing or replacing your property, as well as any lost income due to the fire. It may also cover damage caused by smoke and water used to extinguish the fire.

How Does Landlord Commercial Building Insurance Work?

Landlord commercial building insurance is a type of insurance that provides coverage for commercial property owners who lease their buildings to tenants. This type of insurance covers the building and any attached structures, as well as any liability claims that may arise from injuries or damages that occur on the property. The tenant is responsible for insuring their property and liability.

What Does Commercial Property Insurance Cover?

Commercial property insurance covers a wide range of events that can cause damage or loss to your business property. Some of the most common types of coverage include:

  • Property damage: This covers damage to your building and any attached structures, as well as your business equipment, inventory, and other assets.
  • Business interruption: This covers lost income and other expenses that occur when your business is unable to operate due to a covered event.
  • Liability: This covers claims made against your business for injuries or damages that occur on your property.
  • Natural disasters: This covers damage caused by events such as hurricanes, tornadoes, earthquakes, and floods.
  • Theft and vandalism: This covers damage or loss caused by theft or vandalism.

Who Needs Landlord Commercial Property Insurance?

If you own a commercial property and lease it to tenants, you need commercial landlord insurance. This type of insurance provides coverage for the building and any attached structures, as well as any liability claims that may arise from injuries or damages that occur on the property. It is important to note that the tenant is responsible for insuring their property and liability.

Affordable Protection with Shield Insurance Agency

At Shield Insurance Agency, we understand the importance of protecting your commercial property. That’s why we offer affordable insurance solutions that provide the protection you need. We represent over 40 insurance companies, which allows us to find the best coverage at the best price for your business.

Contact Shield Insurance Agency at (616) 896-4600 for a free quote today or start the quoting process by visiting this LINK and an agent will be in touch soon. We are committed to helping you protect your business and your assets.

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Commercial Auto Insurance Coverage for Vehicles Used for Business Purposes.

Commercial Auto Insurance Coverage for Vehicles Used for Business Purposes.

Posted on by Shield Insurance Agency

Shield Insurance Blog | Commercial Auto Insurance | Business Insurance | Start A Quote Today!

Commercial auto insurance is a type of insurance policy that provides coverage for vehicles used for business purposes. This type of insurance is essential for businesses that use vehicles for their operations, such as delivery trucks, company cars, and other types of vehicles. In this blog post, we will discuss business car insurance, what it covers, how it works, who needs it, and how to get affordable protection for your business vehicles.

What is Commercial Auto Insurance?

Business car insurance, also known as commercial auto insurance, is a type of insurance policy that provides coverage for vehicles used for business purposes. This type of insurance is different from personal auto insurance, which only covers vehicles used for personal use. Business car insurance is designed to protect businesses from financial losses that may arise from accidents, theft, or other incidents involving their vehicles.

What Does Business Car Insurance Cover?

Business auto insurance covers a wide range of risks associated with using vehicles for business purposes. Some of the common types of coverage included in a commercial auto insurance policy are:

  • Liability coverage: This type of coverage provides protection against claims made by third parties for bodily injury or property damage caused by your business vehicle.
  • Collision coverage: This type of coverage provides protection against damage to your business vehicle caused by a collision with another car or object.
  • Comprehensive coverage: This type of coverage provides protection against damage to your business vehicle caused by non-collision events, such as theft, vandalism, or natural disasters.
  • Uninsured/underinsured motorist coverage: This type of coverage provides protection against damages caused by a driver who is uninsured or underinsured.
  • Medical payments coverage: This type of coverage provides coverage for medical expenses incurred by you or your passengers in the event of an accident.

How Does Insuring a Business Auto Work?

Insuring a business vehicle is similar to insuring a personal vehicle. The first step is to determine the type of coverage you need based on your business needs and the risks associated with using your vehicles. Once you have determined the type of coverage you need, you can start shopping for insurance policies from different insurance companies.

When you apply for a commercial auto insurance policy, the insurance company will ask you to provide information about your business, the vehicles you use, and the drivers who will be operating the vehicles. The insurance company will use this information to determine the cost of your policy and the level of coverage you need.

What Doesn’t Commercial Auto Insurance Cover?

While business auto insurance provides coverage for a wide range of risks associated with using vehicles for business purposes, there are some things that it does not cover. It is important to understand what is not covered by your commercial auto insurance policy to ensure that your business is fully protected from financial losses.

One thing that business auto insurance does not cover is the personal use of your business vehicle. If you use your business vehicle for personal use, such as running errands or commuting to work, you may need to purchase a separate personal auto insurance policy to cover these activities.

Another thing that business auto insurance does not cover is intentional acts or criminal activities. If you or one of your employees intentionally causes damage to another person’s property or engages in criminal activities while using your business vehicle, your insurance policy may not provide coverage for these incidents.

Finally, business auto insurance may not provide coverage for certain types of vehicles or activities. For example, if you use your vehicle for racing or other high-risk activities, your insurance policy may not provide coverage for these activities. Additionally, some types of vehicles, such as motorcycles or recreational vehicles, may require a separate insurance policy to provide adequate coverage.

Who Needs Commercial Auto Insurance?

Any business that uses vehicles for business purposes needs commercial auto insurance. This includes businesses that use vehicles for deliveries, transportation of goods, or transportation of employees. Even if you only use your personal vehicle for business purposes occasionally, you may still need commercial auto insurance to protect your business from financial losses.

Affordable Protection

Getting affordable protection for your business vehicles is essential to ensure that your business is protected from financial losses. Shield Insurance Agency represents over 40 insurance companies, which means we can help you find the best coverage at the most affordable price. Our experienced agents will work with you to understand your business needs and help you find the right coverage for your vehicles.

Contact Shield Insurance Agency at (616) 896-4600 for a free quote today or start the quoting process by visiting this LINK and an agent will be in touch soon. We are committed to providing our clients with the best possible service and protection for their business vehicles. Let us help you protect your business today!

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Cannabis Insurance: Protecting Your Business and Investment

Cannabis Insurance: Protecting Your Business and Investment

Posted on by Shield Insurance Agency

Shield Insurance Blog | Cannabis Insurance | Click here to start a Quote

As the cannabis industry continues to grow, so does the need for proper insurance coverage. Cannabis insurance is a type of coverage that is specifically designed to protect businesses and individuals involved in the cannabis industry. Whether you are a cultivator, processor, distributor, or dispensary owner, having the right insurance coverage is essential to protect your investment and ensure your business is protected from potential risks.

What is Cannabis Insurance?

Cannabis insurance is a type of coverage that is specifically designed for businesses and individuals involved in the cannabis industry. This type of insurance provides coverage for a wide range of risks, including property damage, theft, liability, and more. Cannabis insurance policies can be customized to meet the unique needs of each business, ensuring that they have the right coverage to protect their investment.

What Does Hemp Business Insurance Cover?

Hemp business insurance is a type of cannabis insurance that is specifically designed for businesses involved in the cultivation, processing, and distribution of hemp products. This type of insurance provides coverage for a wide range of risks, including property damage, theft, liability, and more. Hemp business insurance can also provide coverage for product liability, which is essential for businesses that produce and sell hemp products.

How Does Medical Cannabis Insurance Work?

Medical cannabis insurance is a type of coverage that is specifically designed for businesses involved in the production and distribution of medical cannabis products. This type of insurance provides coverage for a wide range of risks, including property damage, theft, liability, and more. Medical cannabis insurance can also provide coverage for product liability, which is essential for businesses that produce and sell medical cannabis products.

What Doesn’t Cannabis Insurance Cover?

While cannabis insurance provides coverage for a wide range of risks, there are some things that it does not cover. For example, cannabis insurance typically does not provide coverage for illegal activities, such as the production and distribution of cannabis in states where it is still illegal. Additionally, cannabis insurance may not provide coverage for certain types of property damage, such as damage caused by earthquakes or floods.

Who Needs Business Insurance for Hemp?

Any business involved in the cultivation, processing, or distribution of hemp products should have hemp business insurance. This includes businesses that produce and sell hemp products, as well as businesses that provide services to the hemp industry, such as testing labs and transportation companies. Having the right insurance coverage is essential to protect your investment and ensure your business is protected from potential risks.

Affordable Protection with Shield Insurance Agency

At Shield Insurance Agency, we understand the unique needs of businesses involved in the cannabis industry. That’s why we offer a wide range of cannabis insurance policies that can be customized to meet the unique needs of each business. Our policies provide affordable protection against a wide range of risks, including property damage, theft, liability, and more.

As an independent insurance agency, Shield Insurance Agency represents over 40 insurance companies, giving us the ability to find the right coverage at the right price for each of our clients. We work with businesses of all sizes, from small startups to large corporations, and we are committed to providing the highest level of customer service and support.

Contact Shield Insurance Agency at (616) 896-4600 for a free quote today or start the quoting process by visiting this LINK and an agent will be in touch soon. Protect your investment and ensure your business is protected from potential risks with the right cannabis insurance coverage.

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Commercial Business Insurance Bond: Protecting Your Business and Customers

Commercial Business Insurance Bond: Protecting Your Business and Customers

Posted on by Shield Insurance Agency

Shield Insurance Agency Blog | Insurance Bond | Bond Insurance | Start A Quote Today

As a business owner, you know that unexpected events can happen at any time. That’s why it’s important to have insurance and bonding for your business. In this blog post, we’ll discuss what an insurance bond is, how it works, what it covers, and who needs it. We’ll also talk about the benefits of being bonded and insured, and how Shield Insurance Agency can help you find affordable coverage for your business.

What is an Insurance Bond?

An insurance bond is a type of insurance that provides financial protection to a business in case of loss due to employee theft, fraud, or other types of dishonesty. It is a contract between the business owner, the bonding company, and the customer. The bonding company guarantees that the business will fulfill its obligations to the customer, and if it fails to do so, the bonding company will pay the customer on behalf of the business.

How Does an Insurance Bond Work?

When a business obtains an insurance bond, it pays a premium to the bonding company. The premium is based on the amount of coverage the business needs and the level of risk involved. If the business fails to fulfill its obligations to the customer, the customer can file a claim with the bonding company. The bonding company will investigate the claim and if it is found to be valid, the bonding company will pay the customer on behalf of the business.

What Does an Insurance Bond Cover?

An insurance bond covers financial loss due to employee theft, fraud, or other types of dishonesty. It also covers loss due to the failure of the business to fulfill its obligations to the customer. Insurance bonds can cover a variety of industries, including construction, transportation, and healthcare.

What Doesn’t an Insurance Bond Cover?

An insurance bond does not cover damage to property or injury to people. For that, you need liability insurance. It also does not cover loss due to natural disasters, such as floods or earthquakes. For that, you need property insurance.

Who Needs an Insurance Bond?

Certain industries are required by law to have insurance bonds. For example, contractors and construction companies are required to have bonds to ensure that they will complete their projects and pay their subcontractors and suppliers. Transportation companies are required to have bonds to ensure that they will pay for any damage they cause to other vehicles or property.

Even if your industry is not required to have an insurance bond, it is still a good idea to have one. It provides protection and peace of mind in case of unexpected events.

Bonded and Insured: The Benefits

Being bonded and insured means that your business is protected against financial loss due to employee theft, fraud, or other types of dishonesty. It also means that your business is more trustworthy in the eyes of your customers. When customers see that your business is bonded and insured, they know that you take your responsibilities seriously and that you are committed to providing quality service.

Commercial Surety Bond: The Details

A commercial surety bond is a type of insurance bond that is required by law for certain industries, such as construction and transportation. It guarantees that the business will fulfill its obligations to the customer, and if it fails to do so, the bonding company will pay the customer on behalf of the business.

When obtaining commercial surety bond coverage, it is important to understand the deductible. The deductible is the amount that the business owner must pay before the bonding company will pay the customer. It is important to choose a deductible that is affordable for your business, but also provides adequate protection for your customers.

Affordable Protection and Safety with Shield Insurance Agency

At Shield Insurance Agency, we understand that every business is unique. That’s why we offer personalized service to each of our clients. Our experienced agents will work with you to determine the best coverage for your business, and we will help you navigate the complex world of insurance and bonding.

Shield Insurance Agency represents over 40 insurance companies, which means that we can find the best coverage for your business at an affordable price. Contact Shield Insurance Agency at (616) 896-4600 for a free quote today or start the quoting process by visiting this LINK and an agent will be in touch soon.

Don’t wait until it’s too late – protect your business today with commercial business bond insurance. With Shield Insurance Agency, you can have peace of mind knowing that your business and your customers are protected.

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Business Interruption Insurance

What you need to know about Business Interruption Insurance

Posted on by Shield Insurance Agency

Shield Insurance Agency | Business Interruption Insurance | Start a quote today!

Business interruption insurance is a type of insurance that provides coverage for losses that a business may incur due to a temporary shutdown or interruption of its operations. This type of insurance is designed to help businesses recover from unexpected events that may cause them to lose revenue or incur additional expenses.

Insurance carriers offer business interruption insurance as part of their commercial insurance policies. This type of insurance is typically included in a package policy that also includes property insurance, liability insurance, and other types of coverage that businesses need to protect themselves from financial losses.

Business Interruption Insurance Key Features

One of the key features of business interruption insurance is the exclusion of losses that are not covered by the policy. Insurance carriers typically exclude losses that are caused by events that are beyond the control of the business, such as natural disasters, acts of terrorism, or war. These exclusions are designed to limit the liability of the insurance carrier and ensure that the policy is affordable for businesses.

However, it is important for businesses to understand the exclusions in their business interruption insurance policy and to make sure that they have adequate coverage for the risks that they face. For example, if a business is located in an area that is prone to natural disasters, such as hurricanes or earthquakes, it may need to purchase additional coverage to protect itself from these risks.

Another important factor to consider when purchasing business interruption insurance is the amount of coverage that is needed. Businesses should carefully evaluate their financial needs and determine how much coverage they need to protect themselves from losses that may occur due to an interruption of their operations.

Contact Shield Insurance at (616) 896-4600 to learn more about business interruption insurance and to get a quote for coverage. Our experienced agents can help you evaluate your risks and determine the right amount of coverage for your business.

In addition to business interruption insurance, Shield Insurance offers a wide range of commercial insurance products to help businesses protect themselves from financial losses. Our policies include property insurance, liability insurance, workers’ compensation insurance, and more.

We understand that every business is unique, and we work closely with our clients to develop customized insurance solutions that meet their specific needs. Whether you are a small business owner or a large corporation, we can help you find the right insurance coverage to protect your business and your bottom line.

At Shield Insurance, we are committed to providing our clients with the highest level of service and support. We are available to answer your questions, provide guidance, and help you navigate the complex world of commercial insurance.

If you are interested in learning more about business interruption insurance or any of our other commercial insurance products, please contact us at (616) 896-4600. We look forward to working with you to protect your business and your future.

Business interruption insurance is a type of insurance that provides coverage for losses that a business may incur due to a temporary shutdown or interruption of its operations. This type of insurance is designed to help businesses recover from unexpected events that may cause them to lose revenue or incur additional expenses.

Insurance carriers offer business interruption insurance as part of their commercial insurance policies. This type of insurance is typically included in a package policy that also includes property insurance, liability insurance, and other types of coverage that businesses need to protect themselves from financial losses.

One of the key features of business interruption insurance is the exclusion of losses that are not covered by the policy. Insurance carriers typically exclude losses that are caused by events that are beyond the control of the business, such as natural disasters, acts of terrorism, or war. These exclusions are designed to limit the liability of the insurance carrier and ensure that the policy is affordable for businesses.

However, it is important for businesses to understand the exclusions in their business interruption insurance policy and to make sure that they have adequate coverage for the risks that they face. For example, if a business is located in an area that is prone to natural disasters, such as hurricanes or earthquakes, it may need to purchase additional coverage to protect itself from these risks.

Another important factor to consider when purchasing business interruption insurance is the amount of coverage that is needed. Businesses should carefully evaluate their financial needs and determine how much coverage they need to protect themselves from losses that may occur due to an interruption of their operations.

Contact Shield Insurance at (616) 896-4600 to learn more about business interruption insurance and to get a quote for coverage. Our experienced agents can help you evaluate your risks and determine the right amount of coverage for your business.

In addition to business interruption insurance, Shield Insurance offers a wide range of commercial insurance products to help businesses protect themselves from financial losses. Our policies include property insurance, liability insurance, workers’ compensation insurance, and more.

We understand that every business is unique, and we work closely with our clients to develop customized insurance solutions that meet their specific needs. Whether you are a small business owner or a large corporation, we can help you find the right insurance coverage to protect your business and your bottom line.

At Shield Insurance, we are committed to providing our clients with the highest level of service and support. We are available to answer your questions, provide guidance, and help you navigate the complex world of commercial insurance.

If you are interested in learning more about business interruption insurance or any of our other commercial insurance products, please contact us at (616) 896-4600. We look forward to working with you to protect your business and your future.

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6 Factors to Consider When Choosing Small Business Insurance

6 Factors to Consider When Choosing Small Business Insurance

Posted on by Shield Insurance Agency

Shield Insurance Agency Blog | May 10, 2023 | Small Business Insurance | Begin a quote today!

As a small business owner, you know that running a business comes with a certain level of risk. Whether you’re just starting out or have been in business for years, it’s important to protect your business with the right insurance coverage. But with so many options available, how do you choose the right insurance for your business? In this blog post, we’ll discuss six factors to consider when choosing small business insurance.

1. Your Risk Levels

The first factor to consider when choosing small business insurance is your risk levels. Every business is different, and the risks associated with each business will vary. For example, a construction company will have different risks than a retail store. It’s important to assess your business’s risks and choose insurance coverage that will protect you in the event of a loss.

2. Professional Guidance

Choosing the right insurance coverage can be overwhelming, especially if you’re not familiar with the different types of coverage available. That’s why it’s important to seek professional guidance when choosing small business insurance. An insurance agent can help you assess your risks and recommend the right coverage for your business.

3. Employment Insurance Laws

Employment insurance laws vary by state, so it’s important to understand the requirements in your state. For example, in some states, businesses are required to carry workers’ compensation insurance, while in others, it’s optional. Make sure you understand the employment insurance laws in your state and choose coverage that meets those requirements.

4. Insurance Provider Accessibility

When choosing small business insurance, it’s important to consider the accessibility of the insurance provider. You want to choose an insurance provider that is easy to work with and responsive to your needs. Look for an insurance provider that offers online access to your policy information and has a customer service team that is available to answer your questions.

5. Premium Costs

Of course, cost is a factor when choosing small business insurance. You want to choose coverage that is affordable, but you also want to make sure you’re getting the coverage you need. When comparing insurance providers, make sure you’re comparing apples to apples. Look at the coverage limits and deductibles to make sure you’re getting a fair comparison.

6. Geographical Coverage Region

Finally, it’s important to consider the geographical coverage region when choosing small business insurance. If your business operates in multiple states, you’ll need coverage that extends to all of those states. Make sure you choose an insurance provider that offers coverage in the regions where you do business.

Choosing the right insurance coverage for your small business can be overwhelming, but it’s an important decision that shouldn’t be taken lightly. At Shield Insurance, we understand the unique risks associated with small businesses and can help you choose the right coverage to protect your business. Contact us today at (616) 896-4600 to learn more about our small business insurance options.

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