Most standard property insurance policies cover sudden and accidental water damage, like burst pipes, but typically exclude gradual leaks, poor maintenance, and external flooding. To avoid coverage gaps, review your policy and consider additional endorsements like flood or sewer backup insurance.
Hosting corporate events or leasing properties to tenants serving alcohol brings liquor liability risks. While a Commercial General Liability policy offers some coverage, exclusions exist for businesses involved in alcohol sales. Mitigate risks by hiring trained bartenders and exploring additional coverage options with legal counsel.
For those involved in snow plowing, whether as a primary business or side venture, it’s crucial to ensure adequate liability coverage, especially for completed operations, alongside comprehensive auto insurance.
Recent amendments to Massachusetts laws in 2010 have heightened liability risks for property owners and snow plow contractors, underscoring the necessity of having appropriate protection measures in place.
Prepare for New England’s unpredictable winters to ensure smooth and safe business operations. Taking steps to address common winter-related property damage can mitigate risks and keep your business running seamlessly throughout the season.
Distinguishing between an employee and an independent contractor can be complex and costly if mistaken. MADUA has issued guidance, outlining the 3-Prong ‘A-B-C test’ to help clarify independent contractor requirements.
Disasters can impact businesses of all sizes and types, leading to temporary closures or permanent shutdowns due to events like floods, fires, or hurricanes. Businesses can be extremely vulnerable to unforeseen events and need to prioritize the importance of disaster preparedness and resilience strategies. Taking proactive measures can help minimize the impact of a disaster on your business, while having sufficient insurance coverage can expedite the recovery process.
Rising inflation has driven personal and commercial auto liability insurance costs billions higher, impacting both policyholders and insurers, according to a recent study. Despite dominating premium earnings, personal auto policies often offer significantly lower coverage limits than commercial policies, highlighting a crucial gap in protection.
Even without filing a claim, the rising costs of insurance are surpassing inflation due to various factors such as increased repair and replacement expenses caused by labor and supply chain disruptions. Moreover, the growing frequency and severity of accidents and weather-related disasters contribute to overall rate adjustments. Our team of insurance experts can assist you in securing the appropriate coverage at a competitive rate, ensuring you receive optimal value for your insurance investment.
Understanding the distinction between insurance policy cancellation and non-renewal is crucial. Discover the reasons behind potential non-renewal of your insurance policy to ensure clarity and preparedness.
In the whirlwind of daily life, bills can accumulate, leading to the temptation to delay payments due to budget constraints. Yet, unlike other bills, insurance premiums hold greater consequences: late payments not only impact premium costs but also affect your insurability, highlighting the importance of timely payments to maintain coverage and financial stability.
Murphy Insurance Agency provides insurance solutions across Massachusetts and New England. Where you live is not a barrier to our assisting you. We are proud to serve the communities where our customers live and work, including Acton, Ashland, Ayer, Bellingham, Berlin, Blackstone, Bolton, Boston, Boxborough, Boylston, Chelmsford, Clinton, Concord, Devens, Dunstable, Fitchburg, Foxborough, Framingham, Franklin, Groton, Harvard, Holliston, Hopedale, Hopkinton, Hudson, Lancaster, Leominster, Littleton, Lunenburg, Marlborough, Maynard, Medfield, Medway, Mendon, Milford, Millis, Millville, Natick, Norfolk, Northborough, Northbridge, Pepperell, Sherborn, Shirley, Shrewsbury, Southborough, Sterling, Stow, Sudbury, Townsend, Upton, Uxbridge, Wayland, Westborough, Westford, Weston, Whitinsville, Worcester, and last but not least, Wrentham.