In-Home Business? Here are some exposure concerns...
Posted: June 21, 2018
IN-HOME BUSINESS: The U.S. has experienced rapid growth in home-based businesses in the last decade; there are over 11 million home-based business in the country. The question is, do they have proper insurance? Most home-based business owners assume that their “homeowner policy” provides coverage for their business. That policy specifically excludes business liability exposures and offers only limited coverage for business personal property (BPP). If...
Risks of Buying Cheap Insurance...
Posted: May 4, 2018
Everyone wants value for their money. Everyone wants the best price. At what point does inexpensive become “cheap”? Why does The Nicolaysen Agency seem to come up with prices that might not be the cheapest? When you’re dealing with a commodity, where one item is the same as another, cheapest price works. However, most of the things we buy are associated, in some way, with...
Why It Is Important To Review Your Insurance Policies On A Yearly Basis
Posted: April 30, 2018
Why It Is Important To Review Your Insurance Policies On A Yearly BasisInsurance policies are living documents. They can, and should be, changed periodically to accommodate changes in circumstances and needs of the policyholder. Our agency can assist you with an annual review of your insurance policies to help ensure you have the coverage you need without paying more than you need to. Reasons to Review Your Insurance Policies Annually Certain factors should be checked with your...
Why an Umbrella Policy?
Posted: April 18, 2018
What is an Umbrella Policy? It’s a separate product protecting you from liability over (and above) that provided by your other personal insurance policies. Holding this extra layer of protection requires that your underlying (base) policies (auto and home insurance) carry (at least) minimum liability limits. Umbrella policy protection is not limited to auto and home, and that is really the core of our concern:...
You have just hired a full-time domestic employee...
Posted: March 28, 2018
You have just hired a full-time nanny to care for your children. That makes you, the homeowner, an employer and due to NY State Statute, requires purchasing Workers Compensation and NY Disability to protect your employee. Your homeowner policy would exclude coverage for this exposure. So, where do we obtain this coverage? NY State offers a competitive market for obtaining both types of insurance....