Month: March 2021

What commercial insurance is required in Connecticut

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Owning a business in Connecticut is challenging on its own but add to that, all the risks that can threaten your business and the need for commercial insurance are all too evident. Every state has its own requirements for commercial insurance, and it is up to every business owner to know those and be in compliance. But beyond what is required, there are lines of commercial insurance your business can benefit from. At Bogden Insurance Agency in Berlin, CT, we take the time to get to know our customers and their risks. 

Workers’ Compensation

All businesses in the state are required to cover their workers with workers’ compensation insurance. It doesn’t matter if the employees are seasonal, full, or part-time. You do, however, have the option of self-insuring. 

Commercial Auto

If your business owns automobiles, you are required to have commercial auto insurance. The amount required is:

  • Liability for bodily injury: $25,000 per individual / $50,000 per incident
  • Liability for damaged property: $25,000 per accident
  • Uninsured/underinsured motorist: $25,000 each person / $50,000 total

Just because a particular type of commercial insurance isn’t required does mean your business won’t benefit from having it. Some commercial insurances to consider are:

  • Commercial property insurance
  • Commercial liability coverage

Commercial property insurance

Whether you own the building where you do business or rent, your business can benefit from commercial property insurance. Beyond just the physical building, it protects the things inside the building. It can help replace your machinery, inventory, records, office equipment, and raw materials. 

Commercial liability insurance

Businesses are particularly vulnerable to being sued. You may be sued by someone who was injured while visiting your business, someone who was dissatisfied with one of your products, or a service you provided. Being sued can cost a lot in legal fees as well as a judgment.

If you have a business in the Berlin, CT area, contact Bogden Insurance Agency for your commercial needs. 

How to Secure Personal Belongings Coverage Under Your Home Insurance

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Losses of property such as electronics, furniture, and other valuables during a fire or other event, are typically covered under your homeowner’s policy. While some certain limits and factors affect coverage, a skilled insurance agent can help guide you through your insurance policy to understand how much coverage you have and what is covered. Trusting professionals with years of experience and knowledge can give you welcomed peace of mind.

Bogden Insurance Agency of Berlin, CT has been helping homeowners and others with personal property insurance coverage stay protected during times of disasters and other adverse events.

Type of Personal Property Insurance

In general, two types of personal insurance coverage may be a part of your homeowner’s insurance policy. These include Actual Cash Value and Replacement Cost. Different factors can affect the level of coverage of these insurance types, so it is crucial to speak with your agent to learn more.

Actual Cash Value will reimburse a certain amount based on the current value of a possession. There are usually limits on this amount, and other factors may affect it. With Replacement Cost, a certain amount is paid to replace a particular item during the claim. It is important to discuss limits and details with your agent within your homeowner’s insurance plan that covers personal property.

Quality Insurance in Connecticut

Contact us at Bogden Insurance Agency of Berlin, CT to schedule an appointment with one of our agents to discuss your personal property insurance coverage options. We can help you understand your personal property coverage so you can be sure your possessions are adequately covered in the event of a loss. Get in touch with us today to learn more about what we offer. We look forward to serving you.