Toms Blog

What You Must Know About Insuring Your VRBO or Airbnb Rental

If you are a vacation rental owner and think that your current N.C. homeowners or condo insurance policy has you covered, think again! Chances are your vacation rental activities are excluded under your standard N.C. homeowners insurance policy. Before you rent out your home/vacation home to renters, find out what you must know about insuring your VRBO or Airbnb rental. Do Your Homework  If you rent your place out on Airbnb, you may want to do your homework regarding the wording on your homeowners/condo insurance policy to determine whether your insurance company allows vacation rentals under your policy. The wording may be coined as “business activity” and typically this is an exclusion. If you are [...]

What You Must Know About Insuring Your VRBO or Airbnb Rental2018-02-28T06:43:43-05:00

Excuses for NOT Buying Life Insurance

Nobody likes to think about dying and leaving loved ones who depend on you with a financial burden, but have you prepared for this scenario if something does happen to you? Buying life insurance may not be on your top list of “things to do”, but if you have family/loved ones who depend on you financially, maybe you should stop making excuses for NOT buying life insurance and go ahead and contact your N.C. independent insurance agency to push forward and make the plan for you and your family today. Some Common Excuses People Use  Too Costly- Some people may think that life insurance is costly, but it isn’t! There are so many choices available [...]

Excuses for NOT Buying Life Insurance2018-02-28T06:27:58-05:00

The Dangers of Using Public Wi-Fi

The promise of free Wi-Fi at most coffee shops, restaurants, bookstores, malls, and airports may seem like a perk at first, but is it? The thought of sipping your tea or coffee while reading or working on your mobile device sounds good until you decide to check your checking account balance and later find out you have been hacked and are now a victim of identity theft from cyber hackers.  Before you open your laptop at your local coffee shop, know the dangers of using public Wi-Fi. Using Public Wi-Fi Exposes You to Risk What exactly does a cyber stalker look like? The stereotype may be the person with dark sunglasses, looking around conspicuously, or [...]

The Dangers of Using Public Wi-Fi2018-04-26T00:40:11-05:00

Why Price is Not the Only Factor to Consider When Purchasing Commercial Insurance

Running a business involves juggling many different responsibilities in order to maintain optimal business operations; however, when it comes to protecting your business, do you only factor in price because it may save money on the front end? Protecting your livelihood goes deeper than the initial pay out costs and what may seem to save money in the beginning can lead to financial disaster in the end if you aren’t careful. Price is important, but you need to know why price is not the only factor to consider when purchasing commercial insurance. Other Variables to Consider While price does come into play, there are more factors to consider when you purchase commercial insurance for your [...]

Why Price is Not the Only Factor to Consider When Purchasing Commercial Insurance2018-02-28T06:09:35-05:00

The Importance of Business Interruption Coverage

Running your business includes many variables such as advertising, branding, making appointments with vendors and customers, scheduling employees, and promoting strong work ethics among employees; however, not focusing on the type of insurance your business needs to secure its financial foundation and success can be disastrous. Being unaware of the importance of business interruption coverage may mean the difference between the doors being open or closing down. What is Business Interruption Coverage?  This type of coverage is one of the most important coverage options available to you as a business owner and should never be overlooked when insuring your business. It is designed to protect your business from loss of income when a covered peril [...]

The Importance of Business Interruption Coverage2018-02-28T06:01:53-05:00

Business Insurance for Your N.C. Restaurant

As a restaurant owner, there are many obligations and responsibilities associated with your type of business so staying on top of these is imperative to the success of your restaurant. However, sometimes, things go wrong and if you wait until AFTER that happens to worry, you may be faced with a restaurant shut down.  Do you understand the business insurance for your N.C. restaurant? Preparation is Protection  Take a moment to consider this situation at your restaurant. What if your business experiences a power outage that lasts for days, resulting in spoilage of your entire food inventory?  Without food, you can’t service customers and now you are faced with a restaurant shut down until the [...]

Business Insurance for Your N.C. Restaurant2018-04-26T00:40:11-05:00

Contractors Errors and Omissions Coverage

As a contractor, you accept jobs daily and your goal is to not only satisfy your customer(s), but to also build your business and reputation. However, with any type of contractor work, you can count on mistakes happening and customers’ complaints developing. Are you prepared to handle the potential situation of a simple customer complaint turning into a very costly legal dispute? If not, you need to find out more about Contractors Errors and Omissions Coverage. What is E & O Coverage?  Every contractor needs to be aware that the typical N.C. General Liability commercial policy excludes these kinds of business conflicts, which can turn into a financial nightmare costing thousands of dollars if you [...]

Contractors Errors and Omissions Coverage2018-02-28T05:55:55-05:00

How to Avoid Hitting a Deer on the Road

It’s that time of year again! No, I don’t mean holiday season; but ‘tis the time of year for more deer to be on the roads. Deer collisions with autos happen more than you may realize. In fact, the Insurance Information Institute (III) estimates that as many as 1.5 million auto collisions with deer happen each year; and in the state of North Carolina, the likelihood of it happening to you may increase since N.C. has a bursting deer population. If a deer comes into your path while driving, do you know how to avoid hitting a deer on the road? Sunrise, Sunset  The time between October and December, there is an increase in the [...]

How to Avoid Hitting a Deer on the Road2018-02-28T05:53:04-05:00

Know Why You Have Uninsured/Underinsured Motorist Coverage

If you own and operate a vehicle, North Carolina mandates that you carry auto liability insurance on that vehicle to protect you against injuries and damages that you may be held liable for, while operating your vehicle. However, did you know that as many as 1 in 8 drivers are driving without any auto liability insurance? As a result of the growing number of people driving without insurance, a once optional type of coverage referred to as Uninsured Motorist (UM) is now also mandated under your N.C. auto insurance policy, while Underinsured Motorist (UIM) is required if you have limits of liability that are higher than the stated minimum limits. But do you know why [...]

Know Why You Have Uninsured/Underinsured Motorist Coverage2017-11-20T19:47:37-05:00

Arrive Alive During the Holidays

It is hard to believe, but the holiday season is upon us, and that equates to travel for many, whether it is to your grandparents’ home, vacation spot, or to another loved one’s destination. Thanksgiving, Christmas, and New Years are busy times for everyone and are among one of the busiest travel times of the year, most of which is done by personal vehicle. Statistics show that about 91% of holiday travel is done by personal car/vehicle and that means you need to follow tips to arrive alive during the holidays. Below Are Some Safety Tips to Ensure Smooth Travels During the Holidays: Maintain the upkeep of your vehicle- Maintenance on your vehicle is of [...]

Arrive Alive During the Holidays2017-11-20T19:44:32-05:00
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