Are you a consultant trying to figure out if you need professional liability insurance? If so, you’re not alone. It’s not always easy to determine what insurance type will cover what risks. Professional liability insurance covers liability for damages arising from the rendering of or failure to render professional services. Professional liability insurance allows you to […]
Common Misconceptions about Small Commercial Insurance Claims
Small business insurance is a vital safety net for entrepreneurs and small business owners, offering protection against unexpected events that could disrupt operations or result in financial losses. However, navigating the world of small commercial insurance claims can be tricky, and misconceptions often lead to frustration and dissatisfaction. We’re debunking some of the most common […]
Insurance Considerations When Renting Your Business Space
Once you decide to start your own small business, your first step is likely to decide where you want to operate your business from. You may decide to conduct business out of your home, purchase a building of your own, or lease building space from someone else. Read on to learn more about what you need […]
What is Independent Contractor Insurance?
Contractors are inherently exposed to more risks than you would be as an employee. Without adequate Independent Contractor insurance, mistakes, disasters, and lawsuits could leave you bankrupt and out of business, bringing an end to your livelihood. 1099 contractors are self-employed, which comes with all the benefits and downsides of self-employment. Though you’re free to […]
Get to Know Your Business Insurance Certificate
As a freelancer, you probably get asked for a Certificate of Insurance all the time. But you’re likely wondering, “what is a business insurance certificate and why do I need it?” This article will tell you everything you need to know about Certificates of Insurance. What is a business insurance certificate? A Certificate of Insurance […]
What is Coinsurance and how does it affect my business property insurance?
If you’ve ever purchased a homeowners policy or commercial property policy, then you’ve likely had a policy that contained a coinsurance clause. But what exactly is “coinsurance” and how does it affect you? You likely already know that Business property insurance helps your business bounce back from disaster after a covered event, but it’s only […]
Grow Your Business with a Small Business Operating Framework
If you’re like most small business owners, not long after opening, you find yourself in the trenches working in the business. The nitty gritty day-to-day details, the tasks, the to-dos, the checklists. The never-ending fires you need to put out. Now much of this is particularly important work and it’s necessary and not to be […]
How Do Small Business Insurance Services Work?
Insurance is a method of sharing risk, in which each member of a group pays a small amount of money each month or year in return for protection from larger and unexpected financial perils. But how do small business insurance and in turn, business insurance services work? Small business insurance services are similar to other […]
Insurance 101: Understand Insurance for Small Businesses
Here at Coterie, we like to consider ourselves “insurance nerds”. In this blog, we dive into the basic concepts and history of insurance, with a focus on insurance for small businesses. Understanding how insurance works is crucial to making sure you can explain the ins and outs to your clients and prospects. A Brief History […]
When Should You Review Your Commercial Insurance Policy?
Reviewing your commercial insurance policy is something you should do at a minimum once a year. However, you should also review it if you have any changes. Whether you have a business owner’s policy, a General Liability policy or a Professional Liability policy, take time to review your policy to ensure you’re well-equipped for the […]
When to Consider Damage to Premises Rented to You
If you rent the space in which you conduct your business, you’ll likely want to consider damage to premises rented to you coverage. This coverage protects the rented space in the case of a covered incident. What is damage to premises rented to you and what does it cover? Typically found in general liability policies, […]
Understanding the Cost of Business Insurance for Startups
Starting a business can be an exciting and rewarding endeavor, but it also comes with its fair share of risks. One important way to protect your business is by purchasing insurance, which can help cover the costs of unexpected events such as accidents, lawsuits, and natural disasters. However, business insurance can be expensive, especially for […]
