What Happens if a Business Doesn’t Have Commercial Insurance

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If you operate a business, then it is all but a necessity that you have commercial insurance to protect both the company and your employees. In fact, Nebraska law requires that all small businesses – regardless of the number of full or part-time employees – carry both workers’ compensation insurance and commercial auto insurance if there are any company vehicles. Workers’ compensation insurance covers the cost, up to your policy limits, of any work-related injuries or illnesses. In contrast, commercial auto insurance ensures that regardless of whether they are driving a company vehicle or their personal vehicle on company time that they are covered for any accidents. 

Failure to carry commercial insurance can have serious consequences. For starters, you would be in violation of state law, which could result in substantial fines and other serious legal repercussions. Also, if one of your employees is injured while on the job or a vendor slips and falls at your location because of negligence, then you would be on the hook for all of their medical expenses and damages if sued, which ultimately could cost you the business. As a result, carrying commercial insurance offers substantial peace of mind and protects your livelihood from potential financial ruin. 

When it comes to shopping for commercial insurance, it is imperative to choose a company that has your best interests in mind. Consequently, if you are in the Omaha, NE area, look no further than the Ed Thompson Insurance Agency. With our vast experience in the insurance industry, we are uniquely positioned to help you find the right policy for your needs and are committed to earning your business today and into the future. Give us a call today to schedule your no-obligation consultation with one of our friendly and knowledgeable insurance professionals. 

Hidden Home Insurance Facts That Nebraska Residents Should Be Aware Of

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Ed Thompson Insurance Agency assists Nebraska residents by offering them multiple insurance policies. We are committed to helping our clients find the coverage that they are looking to acquire.

Home Insurance is Essential

Ed Thompson Insurance Agency believes that homes are valuable pieces of property. That’s why we advise all of our clients in Omaha, NE, and the surrounding communities to consider purchasing home insurance. Home insurance will cover your home if it is damaged due to a natural disaster or if someone breaks into your home and steals your valuables or vandalizes your property. While you are researching different policy options, here are some vital home insurance facts that you may not be aware of.

Your Belongings Are Important

Make sure that you have an accurate valuation of your belongings. That will help you figure out how much coverage you need. Consider doing a home inventory and recording the details of your items.

You May Be Able To Reopen A Claim

If your home is damaged by a natural disaster such as a tornado or a fire, your home insurance policy will cover the damages. If you discover damages that you were previously unaware of, you can reopen the claim to see if those damages are covered.

Living Near A Fire Department May Impact Your Policy

If your home is near a fire department with a reputation for providing excellent service, that may impact your home insurance policy

Your Credit History Is Important

Your credit history may influence your home insurance policy. That’s why you should always try to maintain a good credit score.

Ed Thompson Insurance Agency Can Help You

Stop by our office in Omaha, NE, so that we can assist you today!