Business Insurance for Restaurants: What Should You Have?
Many know that running a restaurant involves ordering food, tracking inventory, keeping the kitchen clean and making sure customers are happy. Yet, having the correct insurance in place is also vital to operate a restaurant. Like many other businesses, restaurants have a high risk of lawsuits, property damage and loss of income. As many entrepreneurs know,…
Survey Shows High Cost of Insurance is One Reason Many Want to Leave CT
A recent survey conducted by InformCT found that 40 percent of all Connecticut residents would like to move out of the state over the next five years. Data gathered over the second quarter of 2016 found that many residents are dissatisfied with Connecticut’s lack of job opportunities, difficult business conditions and higher-than-average health insurance costs….
What You Need to Know About Earthquake Insurance in Connecticut
Certain areas of Connecticut require flood insurance, but what about for earthquakes? In general, no homeowner is legally obligated to buy earthquake insurance, although some lenders may require it when you purchase property. As is the case with other natural disasters, standard homeowner policies do not cover earthquake-related damage. As a result, the homeowner must…
Expect Sharp Premium Increases from CT Insurance Carriers in 2017
Over the summer, the Connecticut Insurance Department has been haggling with the state’s insurance carriers about significant rate increases requested for 2017. While the department denied most initial premium hikes, customers should expect rate increases in the double digits, according to a report from the CT Mirror. Those affected include plans sold through individual and small…
Insurance for Photography Equipment
You love taking pictures, but photography equipment, including your camera, lenses, flashes and other gear, costs a fair amount of money. In fact, even a hobbyist can own up to $3,000 to $5,000 worth of photography gear, while some pros own three times that much. Unfortunately, accidents happen. Should your equipment get damaged or stolen,…
