Umbrella insurance isn’t a commonly talked about type of insurance, but it is one of the most important investments a business owner can make.  Umbrella insurance covers businesses when other types of coverage just won’t pay for damages.  In fact umbrella insurance comes in handy for these type of situations.

1. Sale losses from a natural disaster.  While your building, equipment, and vehicles are protected by other insurance policies, there is nothing that can reimburse you for lost sales that happen during a natural disaster.  Umbrella insurance policies can be written to provide you some funds to make up for the lack of business.
2. Product recalls. It can be next to impossible to predict when a bad shipment of a raw material or a minor design flaw could cause major problems with a product. If a product has to be recalled, your business has to absorb the cost.  Umbrella insurance will reimburse you for these expenses.
3. Customer lawsuits. Getting sued by a former customer or client can be one of the most stressful things that your business has to go through. Fortunately, an umbrella insurance policy can help in a number of ways. The policy can provide funds for legal counsel or in some cases provide a lawyer to you.  Once the case is resolved, an umbrella policy can provide funds to pay the settlement.

Umbrella insurance is one of the most useful coverage that a small business can have.  If you’re interested in buying a policy, contact the insurance agents at Pizano Insurance.  They have years of experience helping business owners write umbrella policies that meet their specific needs.

A boat can be a valuable investment. Protecting it with adequate insurance coverage is the key to protecting that investment and preventing financial loss. The amount of boat insurance you will need depends on several different factors. If you have purchased the boat with the help of a lender, you must insure the boat to cover the cost of the loan. It is also important to know what requirements each state demands when purchasing insurance. Most states have minimum liability amounts that must be covered with by an insurance policy.

If you own the boat outright, the amount of insurance you purchase may only be to cover the minimum liability amounts required for the state. This type of insurance is similar to the PL/PD policies that many people carry on their cars once they have been paid off. These policies do not pay for the damage to the boat, but will cover damage caused to other boats and property if their is an accident. Talking to a licensed insurance agent about how much insurance is usually needed and will help you make a choice as to how much insurance should be purchased.

In Wayzata, MN, residents can turn to the agents of Pizano Insurance if they have questions about boat insurance and how much is needed to fully protect your interests. They will be able to help you find the right policy to adequately insure your boat, against damage, theft, and vandalism. The agents are can help you evaluate the type of insurance you need and may be able to offer discounts if other types of policies are purchased.

There are few things better than riding a motorcycle on the open road in America, but it’s a dangerous proposition both personally and financially without the right amount of insurance for your bike. So if you live in a place like Wayzata, Minnesota, where there is plenty of scenery with roads that are perfect for riding a motorcycle, setting up the correct insurance policy for your bike with a local agency like Pizano Insurance—who serves the greater Wayzata, MN area—can be the difference between a smooth recovery from an accident or a financial hardship and a lot of medical bills. Below are some tips for what type of motorcycle insurance coverage you should definitely have when riding in this region of the country.

FULL MEDICAL COVERAGE

As motorcycle riders are much more prone to being in an accident percentage-wise and that these accidents often cause serious injuries or worse, having a robust policy on your motorcycle insurance to cover all your possible future medical bills is key. The last thing you want to have happen is to get out of the hospital after an intense and miraculous recovery only to be faced with a medical bill that will destroy your future earning potential for years to come.

COVERAGE FOR WEATHER

Minnesota is known for having relatively increment weather, so it’s important there is something on your motorcycle insurance policy that cover something like that. Be it damage to the bike itself from the weather or something that will cover you in the event of an accident in the icy or rainy conditions you will face in Minnesota, just make sure you have something.

COVERAGE FOR THE BIKE ITSELF

You will want to make sure your bike can be paid for and repaired as well in the event of an accident. Make sure the value of the bike is insured completely before taking out a motorcycle insurance policy.

Being underinsured puts your financial future in jeopardy. In the event of an accident at your home, if your liability exceeds your policy’s limits, you risk losing your assets in a civil suit. The right level of umbrella insurance may fill this gap and keep you protected.

Current Coverage

It’s hard to assess your need without knowing what you have. Evaluate your policy with a focus on coverage limits. Take a homeowner with a $100,000 personal liability limit, for instance. During a typical Minnesota winter their sidewalk is covered with ice, resulting in a friend slipping and falling. If their injuries require extensive medical treatment, liability could easily exceed this maximum.  Use current coverage amounts as a baseline to build from.

Assets

What’s the value of your assets, including retirement and stock accounts? The more you’re worth, the more coverage necessary. Secure umbrella coverage that closely compares to your assets and your future projections. For instance, if your retirement account will increase by 15% in two years, in a lawsuit, this increase could be targeted. The purpose of an umbrella policy is to safeguard your financial future. Choose a policy suited to meet this need.

Risks

The type of risks a homeowner faces offers an idea of how much coverage is necessary. Homes with pools, trampolines or owners of aggressive dog breeds are thought to be at an elevated accident risk. An increased accident risk can inherently elevate your chances of a liability suit. In some instances, the basic liability coverage extended in polices may not be enough to cover losses. The greater the risks, the more coverage necessary.

Choosing a coverage amount can be a challenge, but an experienced agent can help. Visit the Pizano Insurance website to be connected with an agent who can assist you.

Spring has officially sprung, which means summer is right around the corner, so it’s time to think about getting your boat ready for the season. You don’t want to risk taking the boat out on the water and risk something happening you, your passengers or the boat, so the following checklist will help you ensure it is in tip-top condition before you head out to the water.

Electrical Connections
Carefully check all of the electrical connections to make sure they are clean and tight. Check for corrosion, which may be sign of an unsafe connection. Remove the terminals and clean the cable ends and connections with a wire brush. Charge the battery and make sure to test it to ensure it is holding a charge. It is highly recommended that you have the electrical systems inspected by a qualified technician.

Cables, Hoses & Belts
Check control cables for swelling or cracks on the outer layer and replace them if needed. Cables can be easily replaced by a boat repair center or you can order the cables to replace them yourself. Always check the hoses for any cracking that may have occurred during winter storage. The belts should fit tightly around the pulleys to prevent the risk of slipping. Belts that are worn typically have a black substance near the pulley and/or they may have a lose fit.

Fluid Levels
Check all of the fluid levels, including:

• Coolant
• Power steering fluid
• Power trim reservoir
• Engine oil-if the oil was not changed during winterizing, make sure to change the oil, replace the filter and change the drive lubricants.

Fuel
Inspect the fuel lines for damage. Typical signs of damaged hoses include cracking, or hoses that are hard or extra soft. Remember to check the connections and the tank surfaces. Make sure the clamps and fittings are secure.

Along with the above checklist, it is also important to make sure you check the safety gear to ensure all life jackets are in good condition and that you have various sizes to accommodate all passengers. The onboard fire extinguisher must be the correct class for your boat and fully charged. It is also important to ensure your trailer is in good condition, so inspect the wheels and check the trailer straps to make sure they are not worn.

One of the most important things for Wayzata, MN residents should have on their boat checklist is insurance. Make sure to contact Pizano Insurance to check on your current boat policy or to start a new boat policy.

When it comes to owning a business things like insurance tend to be the last thing you consider. This, however, does not have to be the case if you talk with the talented agents at Pizano Insurance in Wayzata, MN. Agents can help place you with a policy that is going to work for you and that is going to keep your business covered from start to finish.

Put quite simply those that need commercial insurance are people that own businesses. Commercial insurance of all types was created to help protect the business interest of those that hold it. This means that in the event of an accident, your business cannot be taken from you because you have insurance policies in place to help cover these accidents and eventualities.

People that need commercial insurance are those individuals that have some sort of business in their possession that would need to be protected in the event of an accident. A good example of this is property insurance .This will help to protect and replace property in the event that it is damaged or destroyed.

Other types of commercial insurance help to cover things like theft, damage by fire and water, natural disasters, someone getting hurt on your property, someone getting injured by a car that belongs to your company and so on. If you believe that you need commercial insurance it is always helpful to speak with an agent that has experience with this type of policy. They can tell you just what coverage you need, what coverage is going to benefit you, and what level of coverage you need to legally stay in operation as well. Commercial insurance is a must and finding a great policy is the icing on the cake.