Professional Liability Insurance – Who Needs Professional Liability Insurance?

When you run a business you need to make sure that you are covered for a wide variety of liability claims.  Every business is different, so it is important to have the right coverage for your specific business.  Professional Liability Insurance is for those who offer professional advice or services to others.  Because standard liability tends to cover only damage to property or personal injury, you need professional liability insurance to cover a variety of other professional claims.  So who needs professional liability insurance?

Professionals Giving Advice – If you work in a field where you regularly give advice to others, you are a strong candidate for professional liability.  This advice can range from medical advice from a doctor or personal advice from a counsellor, to a builder’s advice for a home addition.  If your advice leads to harm or does not live up to the expectations that your client has set for you, they can claim negligence on your part.

Professionals Selling A Product – You sell a product to customers and you find out that in some cases your product didn’t work as it was intended.  An example would be selling software that malfunctioned and failed to perform the task it was intended for.  Another example would be selling a cart that you told customers could hold 50lbs, but broke when used under the weight of 45lbs.  If your customer didn’t sustain bodily harm or property damage their claim would fall under a professional liability claim.

Professionals Where Errors & Omissions Could Cause Serious Problems – If you work in a field where you are required to write in depth reports or analysis, or you do a job such as a notary public, attorneys, and real estate brokers, professional liability is a must.  By missing a key piece of information you could do substantial harm to a client’s case, and they could in turn hold you responsible for damages.

Professionals Who Are Contractually Obligated to Perform Certain Tasks – If you breach a contract and do not perform all of the tasks expected of you for the price that was agreed upon, you could find yourself being held responsible for a contract breach.  Professional liability insurance can help you with your claim.

If you work in a field that serves the public in some way, and many businesses fall into this category, you should consider professional liability insurance for your business.  ABCO Insurance offers quality coverage for small businesses at affordable prices.  Call us today to learn more about our business insurance offerings, and learn how we can help your business stay covered.

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How Much Is Restaurant Insurance? – Factors That Determine Price

How much is restaurant insurance?  It’s a simple question with a loaded answer.  The truth of the matter is, it all depends on your business.  Do you serve alcohol or not?  Do you rent your property or own it?  What kind of food do you serve?  What are the risks involved with your business?  Here are some factors to consider that will help determine the cost of your restaurant.

The Basics – Pretty much all restaurants will need basic liability insurance, property insurance, workers compensation insurance (assuming you have employees), and restaurant insurance to cover the most likely problems you stand to face as a restaurant owner.

More Liability – If you serve alcohol, have delivery drivers, or offer a night club there is a good chance you will need more specific liability coverage.  Food contamination insurance is also a must for all restaurants to cover you in the case of a patron suffering an allergy attack or food poisoning.

Risk Of Fire – If you have a restaurant that cooks with a lot of grease or has a greater risk of fire, it is important to make sure you have as much coverage as possible to ensure that you are covered for all damages a fire could cause.  If flooding could also be an issue for you, you should similarly consider proper coverage for that, too.

Protecting Your Equipment – If you have expensive kitchen equipment you want to make sure it is covered should it ever suffer damage.  Extra coverage is available for this purpose.  It also helps cover you for expenses when your equipment gets old and may break down over time.

Protection for Fights – Though this isn’t an issue in most restaurants, there is a higher risk of fighting in a bar or nightclub.  The liability if one breaks out in your restaurant can be tremendous.  Extra coverage is available and recommended.

The bottom line is, the cost of restaurant insurance really depends on the restaurant and the specific risks that come along with it.  To better understand the cost of your coverage, contact an experienced restaurant insurance provider.  ABCO Insurance Agency can help you find the right coverage for your restaurant at a great price.  We’ll help you get the proper coverage so you are safe.  Call today for more information.

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Restaurant Liability Insurance – What Does It Cover?

You are pursuing your dream of opening a restaurant, but in order to keep your dream alive, you need Restaurant Liability Insurance.  After all, liability claims can cost you a lot of money without the proper coverage.  They can even cost enough to shut down a business.  When it comes to restaurant liability coverage, there are several different options depending on your type of restaurant.  Consider the following liability options for your business and make sure you are covered properly.

General Liability Coverage – General Liability is the most basic coverage that all restaurants should have.  This coverage covers the following:

  • Injuries Sustained By Patrons At Your Restaurant – If someone takes a fall or bumps their head, you are covered.
  • Injuries That Occur on Site Due to Your Service – If one of your wait staff trips a patron, or vice versa, you are covered.
  • Property Damage Caused By Employees – If someone on your staff spills a drink on a patron’s expensive purse, you are covered for the damage.
  • Contractual Issues – If someone claims you made a promise that you didn’t keep, you are covered.
  • Advertising – If someone claims false advertising on your part, you are covered.
  • Problems with Your Product – If someone suffers burns because the soup you served was too hot, you are covered.

For most restaurants all of this coverage is necessary in order to avoid the major pitfalls that most restaurants run into during their years of service.

Food Contamination Coverage – This is important coverage for any business serving food.  If a customer gets food poisoning from your product, you are covered.  It also covers you if a customer reports an allergy to you and you fail to keep their food contamination free when it is served.  This is one of the biggest areas of liability that restaurants have to cover.  Sometimes it is covered by general liability, but if not it is an important addition for your business.

Liquor Liability Coverage – If you serve alcohol at your restaurant, you need to be covered.  If a patron ever gets injured after having too much to drink, or they injure someone else due to being drunk, you can also be held liable for over serving them.  This is very important coverage for all businesses that serve alcohol.

Assault and Battery Coverage – If your restaurant serves alcohol or has a nightclub attached to it, you may want assault and battery insurance.  This covers you if a fight breaks out on your property, or if one of your employees injures a patron removing them from the premises.

Hired/ Non-Owner Liability Coverage – If you have delivery drivers for your business and they drive their own vehicles for the purposes of work, this is necessary coverage.  This covers you should they have an accident or cause property damage while on the job.

Talk to your insurance provider about your business and ask them about your best coverage options.  When you serve the public, it is important to be covered in the case of any sort of liability that may pertain to your business.  ABCO Insurance Agency can help you find the right coverage for you at a great low rate.  Call today for more information!

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Treehouse Insurance – How Do I Insure a Treehouse?

You have decided to build a treehouse, or maybe you inherited one with a property you recently purchased.  You want to insure your new treehouse as part of your home.  You also want to insure it for liability.  The truth of the matter is, not all insurance companies will cover a treehouse.  Here is all you need to know if you are thinking of enjoying a treehouse as part of your yard.

Can I Even Get Treehouse Insurance?

Many insurance companies see treehouses as an “attractive nuisance”.  This means that they fear that neighborhood children may see your treehouse and say, “that looks like fun!” and climb on in without your permission.  If they happen to injure themselves on your property that is a liability claim, and your insurance company needs to pay out.  Because of this, they tend to prefer that you don’t have a tree house at all.  Some companies may refuse to insure you.

However, some companies will cover treehouses under the right circumstances.  If you have gained a treehouse with the purchase of a house, you will have to have your insurance company check it out to see if they deem it safe.  They may be able to make suggestions that will make it safer so that you can keep it, or they may ask you to dismantle it.  If you are planning on building one, talk to your insurance provider and see what requirements that may have in order to insure a tree house.  They can help you in the planning stage so that you can be compliant with their requirements from the start.

What Does Treehouse Insurance Cost?

Again, this depends on the company and your existing coverage.  Some homeowners insurance plans cover outdoor structures such as garages and sheds, and will also cover a treehouse.  Others will ask you to pay for extra liability due to the fact that the treehouse may pose more hazards than the other structures on your property.

What Can I Do To Make A Safer Tree House That I Can Get Covered?

Because you are adding an “attractive nuisance” to your yard, you need to consider keeping unwanted guests out.  A fence around the yard, or even a locking gate on the staircase leading to the treehouse are two ways to keep out neighborhood children that want access it.  Consider building your treehouse lower to the ground.  The higher up you build it, the more it will scare insurers away.  Also, consider safe entry where people are less likely to fall or get injured entering or exiting the structure such as a staircase.  Finally make sure you plan on adding safe railings and windows to keep children from falling out.  Netting attached to railings is a great way to keep kids from slipping through the gaps.

Before you consider adding a treehouse to your home, contact your insurer for more information.  They can tell you about their policies and what your best options are.  An insurance broker that can provide quotes from multiple companies can also help you find an insurance company that is most likely to be able to help you.  ABCO Insurance offers quotes from many companies to help you meet your needs.  Be smart about treehouses and follow the rules of your insurance provider.  You may not like what they have to say, but it is in an effort to keep you and your family safe.

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Vineland Home Insurance: 4 Types Of Coverage You Need To Know About

Vineland is a great South Jersey town with a great location. You are close to Atlantic City and other South Jersey beaches and not too far from the city of Philadelphia. In Vineland you can enjoy a beautiful small town atmosphere with convenience to big cities and entertainment. If you are considering purchasing a home in or close to Vineland, NJ, here are four types of Home Insurance you should consider.

Dwelling Insurance – This type of Home Insurance is usually required when you purchase a home in Vineland. Dwelling covers any damages that can occur to the structure of your home. It will also cover plumbing, wiring, and heating and air conditioning issues. If your house has a fence or an unattached garage they will be covered as well.

Loss Of Use Coverage – What happens if major damage occurs to your home, and you have to find temporary shelter while the damage is fixed?  With the possible event of structural damage occurring and repairs having to be done, Loss of Use Coverage will pay for you to stay at a hotel.  It will even cover meals if you don’t have use of a kitchen while you are displaced.

Home Insurance – Vineland Home Insurance will take care of your personal property within your home in the event of theft or damage. If your home was to experience a fire, weather damage, or theft your belongings are covered. With this coverage you are able to receive the cash value of your furniture, clothes, electronics, etc.

Personal Liability Insurance – Do you have a dog, trampoline, pool, or any other aspect of your property that could cause personal injury to a guest on your property?  If so, Personal Liability Insurance is a must.  If someone is injured on your property due to a potentially dangerous object or animal on your property they can sue you for damages.   Personal Liability Home Insurance will help cover medical and legal expenses if an injury were to occur on your property.

Your home is one of the biggest investments you will ever make, which means it is important to protect it.  If you are in the market for great Home Insurance coverage at a great rate, contact ABCO Insurance Agency today.  We have a location in Vineland, NJ and are eager to help you and your family get covered.  Call today and our friendly staff will help you compare rates and save money!

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Protect the Drivers in Your Cherry Hill, NJ Home – 5 Types of Auto Insurance You Should Have

We all know that we need Auto Insurance to legally drive a car in the state of New Jersey, but more than one type of coverage exists.  When navigating the world of insurance and looking for coverage it is important to know your options.  Here are five types of auto insurance that you should consider to protect yourself and your family.

Liability Insurance – Most states require you to have Liability Insurance before you can legally drive your car. Liability Insurance will protect you if you were in an accident and it was your fault. The insurance will cover property damage and medical expenses for you and any others involved in the accident.

Collision Insurance – Collision Insurance will help cover the costs of your car in an accident.  The insurance covers your car if it were to hit another car, a pole, guard rail, etc. The most important difference between this and Liability Insurance is that it covers your car if it has been totaled in the accident by giving you the money to buy a new one.

Personal Injury Protection Insurance – Injuries suffered from a car accident can be costly. Personal Injury Protection Insurance will help cover medical costs, rehabilitation costs, wages lost due to work loss, etc. This coverage works for both the driver and any passengers injured.

Uninsured Motorist Protection Insurance – One in seven motorists is uninsured. If you were to get into an accident that wasn’t your fault with an uninsured motorist, you will most likely be fronting the cost to pay for the collision. However, Uninsured Motorist Protection covers property damage and medical expenses if this situation were to happen to you or a driver in your family.

Comprehensive Auto Insurance – Cars can suffer damage due to other incidents besides a collision.  A car can suffer from storm damage, it can be broken into, or it can have a run in with an animal. By having Comprehensive Insurance the losses will be covered.

Now that you know what each type of auto insurance covers, you can make the best decision for yourself and your family as to what coverage is right for you.  ABCO Insurance Agency in Cherry Hill, NJ can help you find great coverage for less.  Our friendly staff will help you compare quotes to save you money.  Protect your car and your family with comprehensive auto insurance and stay safe on the road ahead.

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6 Types of Restaurant Insurance Your Cherry Hill, NJ Restaurant Should Have

Cherry Hill is home to many restaurants including everything from bars, to diners, to five star dining, and everything in between. When you run a restaurant it is important to have good insurance to cover you in the event of an emergency, but what kind of insurance do you need?  Here is a list of insurance coverage types that you should consider for your Cherry Hill restaurant:

Property Insurance – Property Insurance is very important for any restaurant owner to have.  This type of insurance covers everything from fire damage to vandalism damages.  It is important to know, however, that property insurance may not be able to cover flooding or other natural disasters.  If you think that flooding, earthquakes, and other major natural disasters can occur around your restaurant, talk to your insurance provider about extending your coverage.

General Liability Insurance – Another type of restaurant insurance that is imperative to have is general liability insurance. General Liability will cover your business if someone were to slip and fall or become sick due to the food. General Liability coverage will basically cover you for any issues that may result in lawsuits, which is why it is very important for any business owner to have it.

Workers’ Compensation Insurance – When you have employees, Workers’ Compensation Insurance is a must to protect your employees and your business.  A restaurant has many opportunities for an employee to get injured in the kitchen or serving customers. These injuries can include cuts, burns, falls, and more. Having Workers’ Compensation Insurance will help keep the business covered if an employee were ever to get injured while performing their job at your restaurant.

Liquor Liability Insurance – If your Cherry Hill restaurant offers liquor, it is required to have liquor liability insurance. Liquor liability will protect the restaurant if a customer were to drink too much and caused an injury to themselves or another person.

Food Contamination Insurance – Power outages occur every once in a while in South Jersey. A loss of power could mean a loss of refrigeration for your food supply causing it to spoil. With food contamination insurance the cost of the spoiled food will be covered.

Loss Of Business Insurance – The final type of business insurance that you should consider purchasing for your Cherry Hill restaurant is Loss of Business Insurance.  Loss of Business Insurance will cover the finances lost due to the restaurant closing. This can be costly with the premiums and deductibles and you will most likely break even.

Without proper coverage for your Cherry Hill restaurant, you could suffer major losses due to any one of these issues.  ABCO Insurance Agency in Cherry Hill can help you insure your restaurant properly.  Take the worry out of lawsuits, property damage, and more with great insurance coverage.  We’ll help you compare rates and save you money.  Contact us today to learn more.

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Four Reasons Why You Should Purchase Renters Insurance For Your Vineland NJ Home

If you are planning on renting a home or apartment in Vineland, NJ, it is important to consider Renter’s Insurance to protect your belongings. Though your landlord should most certainly have insurance on the property, his or her insurance will not cover your liability or belongings. The landlord’s insurance only covers the building and the grounds it is on. By purchasing renters insurance for your Vineland home or apartment, you will be keeping your personal possessions safe.  Here are some important benefits of having Renters Insurance:

Liability – Renter’s Insurance will cover liability. This means that if someone were to get injured on the property due to your negligence, not your landlord’s, you will be covered for the damages.  It also means that if your beloved pet were to injure a visitor, you will be covered for this as well.  We all hope that neither of these issues should ever be a problem, but it is nice to know you are covered should they ever occur.

Protection From Water Damage – Vineland New Jersey experiences rain and snow storms throughout the year. This may cause flooding, pipe bursts, etc. With renters insurance you won’t have to worry about paying for damages to your property. Though your landlord’s insurance will cover fixing the building due to weather damage, it will not cover your belongings if they get damaged as well.  Renters Insurance will cover the costs of your belongings that were damaged or lost due to the weather issues.

Protection From Fire Damage – No matter where you live there is always the chance of a fire. By purchasing renters insurance you are covering your furniture, electronics, clothes, and other personal belongings that can be damaged due to the fire. If repairs have be done to the property, renters insurance will cover the cost of a hotel, as well, while you get back on your feet.

Protection From Theft – If someone were to break into your Vineland home or apartment, renters insurance will cover the costs of your stolen items. Renters insurance may also cover the cost of your belongings if your car was broken into on the property, as well.

You can’t predict what will happen to your rental while you are living there, so it is important to protect yourself in case of an emergency.  Renter’s Insurance is very affordable, and ABCO Insurance Agency can help you compare quotes to get the best deal for you.  We have a convenient Vineland location and are happy to help you get the best insurance at the best price. Call us today to talk to our friendly staff and get your rental insured!


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