Commercial Insurance

4 Top Truck Transportation Insurance Riders

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Commercial trucking operations in Quakertown, PA, need comprehensive insurance to haul loads with peace of mind. It’s crucial to have riders in place that cover niche cargo and specialized truck transportation that an operation provides. At R&R Insurance Group LLC, we work diligently with owner-operators and freight hauling companies to ensure they are truly protected. These are four truck transportation riders worth considering. 

1: Motor Truck Cargo Coverage

Considered a key rider that is commonly used by for-hire commercial trucking outfits. It protects against losses stemming from damage, theft, and other types of losses. It is particularly valuable when independent truckers haul high-value cargo such as electronics.

2: Reefer Riders

Transporting perishable goods can earn freight haulers a higher profit margin. But when mechanical issues occur, goods can spoil as the temperature rises. Reefer breakdown coverage helps offset spoilage-related losses.

3: Bobtail Coverage

CDL professionals are sometimes surprised to learn their insurance may not cover losses that occur after they drop their loads. When using a power unit for personal reasons, truckers can be placed in a vulnerable position. Non-trucking liability, commonly referred to as bobtail coverage, ensures owner-operators and other commercial trucking operations remain fully covered at all times.

4: Gap Coverage

Fuel and a truck loan rank among a freight hauler’s largest expenses. In the event that the tractor is totaled in a collision, owners sometimes discover that their insurance doesn’t pay off the loan in full. By securing gap coverage, you won’t have to reach into your bank account because a gap rider makes up the difference.

Let’s Discuss Trucking Insurance Riders in Quakertown, PA

It’s essential for commercial trucking companies to consult an insurance professional to identify appropriate riders. We encourage Quakertown, PA, owners-operators and other truck transportation businesses to contact one of our experts at R&R Insurance Group LLC today.

Does Your Commercial Auto Insurance Protect From Natural Disasters?

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Investing in your business also means choosing insurance policies that are suitable for the coverage you need. Even if you’re a newer business owner, knowing what coverage your commercial auto insurance offers is crucial, especially if you use delivery vehicles (in fleets), or if you commute to and from work with the use of a commercial car or truck. At R&R Insurance Group LLC, serving Quakertown, PA, we work with clients to find commercial auto insurance solutions that provide maximum protection anytime you’re on the road.

Standard Commercial Liability Policies

With standard commercial liability policies, you’ll be covered for any damage or bodily injury you cause to others. However, liability insurance only does not cover any damage you’ve caused to your own vehicle or any medical issues and injuries you’ve sustained in a crash. If you want to increase the level of coverage you have, you’ll want to consider comprehensive coverage.

What Is Comprehensive Coverage?

Comprehensive commercial coverage provides even more protection than standard liability-only policies. It can protect against hurricanes, windstorms, and hail along with flooding and flash floods. Wildfire, smoke damage, falling trees, and debris in storms are also covered. Earthquakes (depending on your insurer), theft, vandalism, and glass breakage can all be covered with the right comprehensive insurance policy. 

Owning and operating a business in or near Quakertown, PA, is a way for you to expand your reach in any industry you choose to work in and represent. However, in order to remain truly successful, you’ll want to find the best commercial auto insurance policies for any work vehicles or delivery fleets you’re managing. To learn more about commercial auto insurance solutions that are right for your business plan, consider contacting us here at R&R Insurance Group LLC so we can provide you with the consultation you need.

Commercial Contractor Insurance and Advertising Injury

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As a contractor, building your business means standing out from the competition and showcasing your skills. But what happens if you make an inaccurate statement or a client misunderstands you? In some cases, your commercial insurance may help cover your losses when someone files a claim against you.

At R&R Insurance Group LLC, we work with businesses to provide comprehensive commercial contractor insurance in Quakertown, PA. Let us help you ensure you have the right coverage for your needs.

What Is Advertising Injury?

Advertising injury protects against nonphysical harm claims. These include copyright infringement and invasion of privacy, such as inadvertently using someone else’s advertising idea or slogan. 

If you make a statement in your advertising that defames another person or company or violates a copyright, you can turn to your contractor’s insurance to help cover claims made against you. That may include legal representation and defense against such claims, as well as any settlements or judgments you are ordered to pay. 

This type of insurance falls under commercial contractor’s liability insurance. It protects you from factors that could cost you when others make claims against your business. Keep in mind that it only covers nonphysical claims, reputational harm, and emotional harm caused by your business, and there may be limitations on what your policy covers.

Review Your Coverage for Protection That Fits

Turn to our team at R&R Insurance Group LLC for a consultation. We can help you choose the balanced overage you need. Call us to learn more about commercial contractor insurance in Quakertown, PA.

Builders Risk Insurance For Contractors

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Builders risk insurance is a type of property insurance that protects construction projects, renovations, and additions. Learn how builders’ risk insurance provides protection, and then update your existing insurance policy if necessary.

Builders Risk

Builders’ risk coverage protects against unforeseen events that could damage a project while it is underway. It is only needed while a project is active.

The coverage goes into effect at the onset of a new project. Once the project is complete, the property owner is responsible for insuring the property and any buildings located on it.

Coverage

Builders’ risk provides protection for buildings and additional features against theft, vandalism, natural weather events, and fires. However, it does not protect against intentional acts of destruction or faulty designs.

The coverage terms for builders’ risk coverage will be outlined in the insurance policy documents that consumers acquire when they purchase insurance.

Ownership

Contractors often acquire builders’ risk insurance before a construction project begins. This type of insurance protects a contractor’s investment and ensures that a construction company owner does not incur financial loss while the project is underway.

A property owner can also obtain builders’ risk insurance. If a property owner decides to have renovations done, it may be in the owner’s best interest to acquire builders’ risk insurance.

Contact R&R Insurance Group LLC

Our R&R Insurance Group LLC representatives offer many insurance products beneficial to contractors and private property owners. Contact one of our Quakertown, PA, insurance agents to arrange a consultation. During the consultation, you can inquire about builders’ risk coverage and other types of insurance coverage that you need.

Overlooked Parts Of Commercial Insurance Policies

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R&R Insurance Group LLC serves the Quakertown, PA community and surrounding areas. We work closely with multiple carriers on the East Coast. We are committed to helping our clients obtain coverage that aligns with their current and future situations. We will sit down with you and help you figure out which policies will help you live comfortably.

Overlooked Parts Of Commercial Insurance Policies

As a local Quakertown, PA business owner, you are constantly looking for ways to stand out from the competition. Having a strong commercial insurance policy can help you attract top talent. It also makes your business more appealing to customers who know that they are supporting a business with integrity. Commercial insurance policies cover any damages to your equipment. You are also covered if your equipment is stolen or vandalized. Liability coverage is a big part of your policy. As a business owner, be aware that you may be sued at any moment. Liability coverage protects your business if one of your customers alleges that your products caused them harm or if they are injured while visiting your property. Pay attention to these overlooked parts of commercial insurance.

Workers Compensation

You likely depend on your employees to operate a successful business. If there is an issue in the workplace, morale will drag down. Workers compensation covers any injuries in the workplace. By taking care of your employees, you help keep employee morale high.

Professional Liability Coverage

If you help complete projects or perform consulting work, professional liability coverage can help you protect your business. Sometimes, errors occur while working on tasks. However, your business may be at risk if a customer alleges negligence on your part. Professional Liability Coverage steps in to provide a layer of protection.

R&R Insurance Group LLC Will Help You Cover Your Assets

Contact us today to learn more information about commercial insurance.  

Who should get a commercial insurance plan?

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Owning a business can be a great career option for anyone in the Quakertown, PA area. When you own a business, you will have many opportunities for success. When starting a business of any kind, you will have a lot of important choices to make. One decision that will need to be made early on is when to select a commercial insurance plan. There are several situations when a business should have this coverage.

When Trying to Protect your Company

Every business owner should get a commercial insurance plan because you want to protect the business and employees. Owning a business will always come with a lot of risks. Due to this, you need to spend time figuring out how you can mitigate these risks as well as possible. With commercial insurance, you will receive coverage that can protect your company assets and offset the risk of commercial liability claims. 

When Raising Capital

You will also want to have commercial insurance if you want to raise capital for your company. Taking out a loan or raising outside equity can help fuel growth and get your company off the ground. Anyone who will provide a loan or invest in your company will want to know that you are properly protected. An important part of that will be reviewing your commercial insurance to ensure you are properly covered.

When you want to grow your company, getting a proper commercial insurance plan is very important. As you are looking for commercial insurance in the Quakertown, PA area, you should call R&R Insurance Group LLC. The team with R&R Insurance Group LLC can help you evaluate your options and pick an ideal policy.