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3 Common Business Insurance Myths

There are several misconceptions when it comes to business insurance. Here are three myths that you’ve probably heard before: Myth #1- Personal Auto Policies Will Cover Losses on Vehicles Used for Commercial Purposes Make sure you check with your insurance agent to see what’s covered and excluded from your personal auto policy. If you have…

Your Business Needs a Thermal Imaging Camera, Here’s Why

Would you believe us if we told you a simple camera could help prevent your business from a major electrical fire? Our partners at Cincinnati Insurance Companies explained how thermal imaging cameras can help businesses “see the heat” before a fire starts. Here’s how it works. If you have a circuit breaker that’s heating up,…

How to Prevent a Clothes Dryer Fire

Your clothes dryer is probably one of the appliances in your home that you would least expect to cause a house fire. A clothes dryer fire can happen and occurs more often than you think. According to the U.S. Fire Administration, “2,900 home clothes dryer fires are reported each year and cause an estimated 5…

Replacement Cost and Market Value: What’s the Difference?

If we asked you what’s the difference between replacement cost and market value, what would you say? In case you don’t know the answer, we’re here to quickly clarify what these two insurance terms mean.  Re-place-ment Cost  Noun  According to BusinessDictionary, replacement cost is defined as: “Current cost of replacing an existing asset or property…