Moyer & Moyer Insurance Blog

More About Business Insurance

More About Business Insurance
In our previous blog, we discussed some basics of business insurance.  I want to continue talking about business insurance and the various coverages and endorsements available to protect your business.  Owning a successful business is no easy feat. Should trouble come your way, it’s important to have business insurance to protect your investment and your brand.  There are a number of coverages to consider as there are a variety of risks specifically associated with commercial policies. Let’s take a look at the most common: Employee Practices Liability Coverage:  In this day and age, hiring and firing employees opens your business up to some risk.  You have likely heard about any number of lawsuits based on discrimination, wrongful termination, harassment or sexual harassment.  These type of claims will cost you money and time. With EPL coverage, you can rest easy and not have to face the stress and exposure to such...
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An Intro to Business Insurance

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Starting a business is exciting!  That excitement is likely mixed with a little fear and probably some uncertainty about the future.  As a business owner, insurance is going to be a big part of that future. You want to protect your business and yourself from as much risk as possible while also protecting your property, staff, and patrons.   There are a lot of options for business insurance for a variety of different risks.  If you have a particular question, please contact us today to discuss your unique situation.  We will be covering the main insurance(s) you are going to need, in no particular order. Professional Liability Insurance:  If you are providing a professional service, you need Liability Insurance.  This is also called E&O insurance (errors & omissions). This insurance will cover your business should your service not perform, injure or damage a person(s) or property, or protection against claims...
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Insurance Basics: What is Identity Theft Insurance?

Identity Theft Insurance Basics
Identity theft is a form of fraud that occurs when someone uses information about you -- such as credit card numbers, your address, or bank account numbers -- without your permission. According to the Bureau of Justice Statistics , nearly 18,000,000 people were victims of some form of identity theft in 2014. That's nearly 10% of the population. Unfortunately, account holders are held responsible for paying off what a thief charges on their accounts. When someone's identity is stolen, expenses for legal fees and other administrative costs for getting their accounts in order and clearing their name can really pile up. The good news is, a modern type of insurance called an identity theft policy may cover these costs should you be the victim of identity theft. Identity theft insurance reimburses policyholders the costs related to recovering from identity theft, not the dollar amount stolen as the result of the...
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What You Need to Know About the Importance of Flood Insurance

Importance of Flood Insurance
Did you know that all Americans live in a flood zone? Were you aware that your homeowner's policy doesn't cover floods? Everyone in the United States lives somewhere flooding can happen -- the only difference is that designated areas are labeled as zones with a varying degree of risk (low, moderate or high). And many people assume that their homeowner's policy covers flood damage, but that's not the case. Flood insurance needs to be purchased separately. These are just two things that people are surprised to learn about floods and insurance. Consider these additional "Flood Facts" from The National Flood Insurance Program : In the past five years, all 50 states have experienced floods or flash floods. Just a few inches of floodwater can cause tens of thousands of dollars in damage. In a high-risk area, your home is more likely to be damaged by flood than by fire. Flooding...
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