Our Blog

29
Jun

Understanding the Scope of Commercial General Liability Coverage

Opening a business is a major achievement. You’ve likely invested a lot of time and money to ensure that your business succeeds. As such, operating a business leaves you vulnerable to multiple risks. This may be a good time for you to learn about comprehensive general liability insurance. This article provides a comprehensive overview of commercial general liability coverage. Commercial

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21
Jun

Why Do Commercial General Liability Policies Exclude Assault and Battery Coverage?

Businesses rely on commercial insurance to protect them during emergencies. As a business owner, you are aware that something could go wrong at any moment. Generally, commercial insurance will be there when you need it, but there are some possible exclusions. There is assault and battery exclusion in most commercial general liability policies. Assault is defined as the threat of

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14
Jun

Bar Insurance: Outdoor Drinking and Dining On-Premise and Off

Many restaurants and bars open up outdoor areas for patrons during the spring and summer. Allowing for outdoor drinking and dining can help attract new visitors, but it also increases risks that should be covered by special insurance for bar and nightclub establishments. What Is Bar Insurance? Bar insurance, also called tavern insurance, financially protects establishment owners that serve liquor

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8
Jun

Franchise Insurance: Understanding the Risks and Relationships

A franchisee, which is a business that licenses the logo and services of a brand, needs business insurance based on the industry and franchisor. Different coverage arrangements exist for franchise operations, such as a franchise insurance program. Before getting the appropriate business insurance plan for a franchisor or franchisee, here are some essentials. Essential Insurance Coverage The most essential insurance

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19
May

How Is Hospitality Insurance Different from Other Business Insurance Policies?

Hospitality insurance covers a wider range of risks than other business insurance policies. It’s typical for a hotel or motel to get a Business Owner’s Policy (BOP) and add other coverage. A dedicated hospitality insurance program might be the best way to go if your business is too big to be covered by a BOP plan. One of the main

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17
May

Umbrella Insurance and Excess Liability Insurance: Why Are They Needed

It’s good to know all your options when it’s time to get insurance. Some people take on more risks than others, so they need coverage beyond a basic plan. Options that can provide extended coverage include umbrella insurance and excess liability insurance. What Is Excess Liability Insurance & Umbrella Insurance? A basic insurance policy only covers so much and may

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12
May

How to Select the Right Insurance Agency for Your Unique Coverage Needs?

There’s much more to finding the right insurance company than searching for an “insurance agency near me” on Google. You need to compare multiple plans to prioritize your own insurance needs. Here are some of the essential factors you should consider when selecting an insurance provider. Different types of insurance provider You can approach different types of insurers when seeking

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10
May

How Host Liquor Liability Insurance Can Save You from Paying out of Pocket

If you own a business that serves alcohol to the public, it’s good to be equipped with host liquor liability insurance. This coverage goes beyond standard liability protection and takes into account how intoxicated individuals can cause damage or harm to others. Who Needs Host Liquor Liability Insurance? Any establishment that serves alcohol, whether a nightclub, golf course, or diner,

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28
Apr

Tips to Create an Effective Risk Management Plan for Your Restaurant Business

If you own a restaurant, you have specific types of risks that you have to deal with. Your risk management plan must cover the perils that most restaurants face. This includes liquor liability if your restaurant serves alcohol. Personal liability and property damage are also common risks for restaurants. Before you create a risk management plan, you need to come

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COVID-19 UPDATE:

At RMS and associated firms, business continues as usual. Our staff is remote-capable and available to handle all partners, brokers, and insureds at the present time. Contact us today!