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Tag: Rocky River Ohio Insurance Agents

Tenant’s Improvements to the Premises

A common circumstance surrounding commercial leases involves the tenant making alterations, or improvements to the rented premises. A strip mall retail location could be used for many different types of tenants. It is unreasonable to assume that the premises is already set up to handle any type of tenant from a clothing store to a restaurant. For example, a new tenant might have to build...

Business Income Coverage

Calculating the appropriate business income limit does not have to be a mind-numbing process. To understand business income coverage limits, you must simply understand that the coverage is almost entirely based on time. The amount of coverage and the correct coinsurance amount can be calculated once a reasonable estimation of the time necessary to return to full operational capability is determined. Four key objectives must...

Slip and Fall Claims

One-third of all workplace accidents are the result of slips and falls, averaging a little more than 500 deaths per year. Some of these injuries are to employees who then claim workers’ compensation benefits, many times exaggerating the injuries. Sometimes the employee will actually be hurt playing football on Sunday, yet file a work-related injury report on Monday. A common problem for every business that...

Business Medical Payments

Your business liability policy covers you for claims due to your negligence. Medical payments coverage provides payment for bodily injury to third parties that occur on the premises you own or rent as a result of your operations regardless of negligence. The rationale for this coverage is insurers believe an injured party is less likely to sue you if they receive prompt payment for their...

Key Employee Disability Income Insurance

Sometimes considered the companion policy in a key employee package, key employee disability income insurance is often included along with life insurance. The probability of a key employee becoming partially or totally disabled is actually greater than the probability of death during employment. The key employee disability insurance will pay the firm anywhere from 40 to 70 percent of the disabled employee’s income. Should the...