Will Your Auto Insurance Cover Your Passengers?
Posted: November 30, 2017
Although no road trip can be completely risk-free, driver diligence can help prevent accidents. As the driver, there are steps you can take to help ensure you and your passengers remain safe. If the worst happens and an unpreventable accident occurs, your passengers will be covered – provided you have the right auto insurance policy. What You Can Do to Help Keep Your Passengers Safe...
Does my auto insurance cover Uber or Lyft?
Posted: November 14, 2017
This question is often overlooked, sometimes with negative consequences for drivers participating in the ridesharing economy. Drivers participating in ridesharing programs such as Uber or Lyft often assume that because they have personal auto insurance, they are also covered when driving passengers for a fee. However, this is not the case. Most insurance companies exclude coverage on personal auto policies for drivers participating in ride...
Do You Need Business Insurance When Working Out Of Your Home?
Posted: November 2, 2017
Many small businesses in the U.S. today are home-based. For a small business owner or entrepreneur, working out of the home has many advantages. It is convenient, cost-effective, and comfortable, and you can skip the daily commute and wear pajamas or sweats all day if you like. However, conducting business in the comfort and convenience of your own home does not make it risk-free. You...
Insurance for Recreational Cannabis and Medical Marijuana
Posted: October 31, 2017
According to the Bureau of Cannabis Control, the California state entity tasked with developing the regulations pertaining to recreational marijuana and medical marijuana, each license holder must have (1) a Commercial General Liability insurance policy with a limit of no less than $1 million per loss, and $2 million aggregate and (2) a surety bond in the amount of $5,000 payable to the state of...
Surety Bonds and Insurance Requirements for Cannabis
Posted: October 31, 2017
A surety bond is an agreement between 3 parties: Obligee – The state, municipality, or other entity requiring the purchase of the bond Principal – The business seeking the surety bond Surety – The bonding company that executes the bond and provides a guarantee to the Obligee that the Principal will fulfill their requirements. As municipalities and the Bureau of Cannabis Control begin to issue...
