Just a few years ago, drones were solely associated with the military, but now an enterprising business owner or a gadget-loving homeowner can own their very own drone.
For business applications, the possibilities vary. Real estate, film, agriculture, photography, public safety, marketing, shipping – the list of current uses already in place is long. As time goes on, people will find more ways to incorporate the use of drones into their businesses.
No company that does business online is safe from hacking. Hotels are no exception. It doesn’t matter how sophisticated the hotel or who owns it, if you’re taking in someone’s personal information, it can be stolen. Not even Donald Trump and his hotels are immune.
The recent breach of the Trump properties didn’t appear in the news until early July, but investigators believe the theft goes all the way back to February. The credit card breach was only found after tracking a pattern of fraudulent charges back to the only common denominator – the hotels the victims stayed in.
Purchasing insurance for your North Carolina home may be a requirement for anyone with a mortgage, but it’s also a smart move. Your insurance policy protects your house and yourself from accidents, damage, and other unforeseen events that are too costly for you to repair or replace yourself.
The fact is that the standard homeowner’s insurance policy does not cover every possible situation that could occur. It’s best to understand what your policy won’t cover and what you can purchase additional coverage for, in order to reduce your risk.
Take a look at these 10 things that your homeowner’s insurance policy does not cover.
Operating any business comes with a certain amount of risk and reward. Working with people of any age, especially those who need medical services, increases both the risks and the rewards.
The biggest reward is knowing that you’ve helped someone. The biggest risk is often from injury-causing accidents.
You didn’t go into the business of helping the elderly to cause any harm. The opposite is true. Whether it’s a nursing home, an assisted living facility, or even a retirement community, you opened your doors to help our aging population.
Working out in your front yard the other day, you noticed something strange in the wooden posts near the front door. Little holes had formed near the ground where your shrubs are, and there are all kinds of white bugs near the worst section.
Uh oh. You realize you might have termites. You begin imagining collapsing ceilings, crumbling walls, and much more. It’s your worst nightmare as a homeowner.
The question now is, do you call your insurance company? Will your policy cover the damage?
In 2015, over $300 billion is expected to be spent on global business travel. That number doesn’t factor in what vacation travelers spend. To cash in on all that spending, hotels that want to stay competitive must offer at least a few amenities.
With added hotel amenities comes more risk to your business. Whether you already have all the amenities you want for your hotel, or you’re thinking of adding more, you’ll want to make sure you have the right insurance coverage when something happens. And something will always happen.
You spent countless hours preparing a bid, answering the client’s questions, and understanding their specifications. Beating out dozens of other major construction companies, you were awarded the job. It’s the biggest you’ve ever won. Now you’re hiring new people, finding new subcontractors, and looking forward to adding this project to your list of satisfied clients.
Then disaster strikes. A fire takes out most of the job site. The job is on hold indefinitely as the cause of the fire is investigated. Your clients have determined they don’t have the money to start over.
No one goes into business or makes a large financial investment in order to lose money. Whether it’s long-term financial security or simply an entrepreneurial spirit, you bought a multi-family apartment building for a reason. Make sure you protect your investment with the right insurance coverage.
SPEND A LITTLE MORE TO SAVE IN THE LONG-RUN
You’ve made the decision to go for it. You’re finally going to build your North Carolina home, new business, or commercial building! You know exactly what type of wood floors you want, the color of the marble for your bathroom, the exact brick you’ll use on the outside. The plans are finished, and you’re ready to go.
You’ve read through the contract between you and the builder multiple times. Your contractor has all of the necessary insurance policies in place, but do you have the insurance that you need? If you don’t have a Builder’s Risk insurance policy, the answer is “no.”
When one first moves in to their new home, the one thing in common is they must purchase a homeowners insurance policy. Most people do not understand the importance of periodically reviewing their policy and evaluating their needs. Often, the cost to rebuild increases, but some policies may not allow for an increase. What if there’s been a renovation or upgrade? How would one know whether this is covered without a review? Having a major loss is not the time to find out.
