In the last few years, more and more people have started a business in their home. To keep up with this trend, Safeco now offers coverage tailored to meet these specific needs, the Home Business Package. This new policy covers both business personal property and business merchandise. In addition, coverage is extended to detached structures on the residence’s premises used for a home-based business. On-premises liability coverage is also provided at the liability limit of the residence premises.  If the home’s liability is $300,000, the same amount applies to the home business.

Would you be able to provide your insurance agent with a list of your possessions if a fire destroyed your home or you had a break-in? Some people are well organized and maintain an ongoing inventory in a safe place, always updating it after large purchases. Most people though, like me, would have to start from scratch. They would probably spend a lot of time trying to find old receipts in order to remember where they bought what and when.

You are probably prepared for any winter weather, but what about your car? How are those tires doing? Do you remember how long ago you got them? A good friend of mine keeps telling me how important it is to regularly check the tires and make sure they are in good condition, especially at this time of year. Here are two simple tests he told me to perform:

In recent years, salons have started to rent more and more chairs or booths instead of hiring employees. This is a great working model for many salons; it allows both parties a lot of flexibility. But it’s very important to set this system up right. If you are a stylist considering renting a chair in a salon, you should remember to pay attention to several details:

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Salons, for many women, are a safe haven, a place to relax with girlfriends and escape life’s many stresses. When getting their hair or nails done, they aren’t thinking about the salon’s potential liabilities. You wouldn’t necessarily think beauty salons would have many, but when you think about it, a lot could go wrong.

Luckily, there are many precautions a smart salon owner can take to reduce their business’s liability. These preventa ...

Between friends, advice is given with the best possible intent and is usually supported by well-informed opinion. At least with the friends you would seek advice from.

An umbrella is used as a shield against the elements, protection from rain and wind when the weather turns sour. In the world of finance, through insurance, umbrellas perform the same helpful function. Umbrella insurance is a form of liability insurance that protects the policy holder from accidents and lawsuits that could generate liability costs beyond what their regular policies cover.