You think that you are covered for everything that can go wrong with your Wayzata, MN business because you have a little thing called liability insurance. Did you know, though, that commercial general liability (CGL) assurance is not your fix-all remedy in the business indemnity world? Here are three things you should know about commercial insurance coverage in Minnesota. An agent at Pizano Insurance can further help you make sense of the maze that is business insurance. 

1. There are three types of legal damages covered by CGL

The average general liability plan pays for compensatory, general, and punitive damages. Compensatory liabilities are those that lead to financial losses for the victim. Business owners may also need to pay for future losses in income if found liable for compensatory damages. On the other hand, general liabilities are those that typically have to do with physical pain and suffering or mental anguish. Punitive damages are classified as other expenses incurred by the victim that the guilty party must pay. 

2. Standard liability does not pay for everything

The business owner is fully responsible for costs related to sexual harassment, wrongful termination, and discrimination of persons who fall under classified categories. General liability coverage does not pay in instances where the business owner is found guilty of failing to promote a woman solely because of her gender. You, as the business owner, would have to pay for damages imposed on the victim out-of-pocket. 

3. There are other types of liability insurance

Business owners with large assets may consider investing in an additional umbrella policy that covers up to $5 million worth of lost or damaged items. It may also be ideal for companies in Wayzata, MN to invest in crime insurance, which pays for damages in the instance of a burglary. 

Whether you are searching for a basic business insurance policy or need a lot of coverage, Pizano Insurance is the right firm to choose. Call one of our friendly agents today to start your quote!

Motorcycles are much more than just motorized bicycles. They are a symbol of freedom and individuality, and people who ride often have a spirit of independence. They can also be adapted for comfort and style by adding a variety of accessories. These accessories can add value to the motorcycle but they can be expensive, and it is important to know they are protected in the even of damage or theft.

Some of the accessories you purchase may include sidecars, trailers, fancy plating and even riding apparel, which can keep riders safer while looking very stylish. The accessories can be damaged on their own, or as part of a bigger mishap. Sometimes parts are stolen or vandalized while the motorcycle is outside.

If you ride a motorcycle in Wayzata, MN, we at Pizano Insurance can help you make sure that your current motorcycle policy also extends coverage to your accessories, or we can help you obtain a policy which does cover those items. While some policies already cover accessories, you can probably obtain much more comprehensive coverage if you add on a policy to your existing one. Because this policy is being added on, you can probably get the additional coverage for a very reasonable price. You are always subject to the limits on your current policy, so adding on coverage will make your protection greater.

Your accessories are part of your experience, and often provide extra comfort and protection. Protecting them is important. If you have motorcycle accessories that you want to protect, please feel free to contact Pizano Insurance. We help the people of Wayzata, MN with all their insurance needs.

For families that earn $250,000 or more per year, savvy financial moves can make the difference between having more than enough and struggling to afford the lifestyle you prefer. The experts at Pizano Insurance want you to help their Wayzata, MN neighbors preserve wealth and enjoy the fruits of their labors. Here are some ways umbrella insurance can add an extra layer of protection and flexibility to your portfolio.

• High-wage earners are often employed in positions that come with some personal risk. Doctors, legal professionals, and other professionals could be hit with a lawsuit for any number of reasons. An adverse judgment could empty your savings, challenge your credit, and put your whole future in jeopardy.Business umbrella policies help pay costs associated with lawsuits and other issues of liability.
• If a significant portion of your income comes from a business, you need umbrella insurance.Whether your business is a corporation, partnership, or sole proprietorship, you could be found personally liable for loss or damage sustained through the use of the company’s products or services. A personal umbrella policy protects your personal wealth from litigation efforts.
• Living the good life often means debt. The mortgage on your primary home, vacation property, and vehicle payments can stretch even the most generous budget. If a catastrophic event took your home or completely destroyed your vehicle, the insurance payment from your primary policy might only be enough to cover the bank’s losses on financed property. An active umbrella policy would send payment directly to you. You could then use the funds to replace your lost property.

Do you have enough insurance? Contact the experts at Pizano Insurance for a review of your policies. We can help you protect all of your important things in the Wayzata, MN area.

Your driving around minding your own business when it jumps out at you, yet another food truck on the side of the road trying its best to ruin your diet plans. We are right there in the struggle with your at Pizano Insurance in Wayzata, MN. 

Food trucks have become a mainstay of our society today. They are literally everywhere. If you are considering taking your passion for cooking on the road, think about the fact that these food trucks have special insurance needs. You may already own a food truck and may be operating from a position of being under insured. Let us sit down with  you to discuss all of your insurance needs as it relates to your entrepreneurial enterprise.

Cuisine on wheels had different aspects that are unique to each and every food truck. Is their dining  space available in front of the truck? Is your food truck in operation year round or do you only offer seasonal fare at your eatery? Are you in adherence to all of the laws that govern your commercial business such as hiring practices, labor laws, health department mandates? It is important to speak with an insurance agent about any questions you may have to ensure you have the proper coverage for any issue that may arise.

Selling delicious food is only the start to owning a successful food truck! 

In addition to commercial insurance at Pizano Insurance agency in Wayzata, MN caters to your auto, homeowners, recreational, umbrella, motorcycle, and boat insurance needs. Call us at 763-219-4114 to discover how you can simplify your life by having the right type of coverage right when you need it. We make understanding your policy as clear as day and as right as rain. No need to stress, you have enough on your plate. 

For small motor boats insurance is not required in Minnesota, but for boats with engines of more than 50 horsepower, liability insurance at minimum is required. Even if not required, some liability insurance is a good idea, according to Pizano Insurance in Wayzata, MN. Non-motorized boats, like canoes, and most personal watercraft like jet skis, do not need insurance. Boats kept in state parks have to have liability insurance regardless of engine size.

Boat insurance is very similar to automobile insurance in how it operates, though you do need a separate policy for your boat. Liability insurance covers any damage you might cause in an accident. There is also medical insurance that will cover injuries whether or not you are at fault.

There is also physical damage coverage, similar to collision insurance on a car. You may also get coverage for uninsured boaters, so if someone else damages your boat and is not insured, you can still recoup your losses.

There is also insurance to cover fuel spills or the cost of cleanup, should your boat sink. Other add-on’s may also be available to meet your individual needs.

Another item to keep in mind is the value of your boat. When you get your policy, you will agree on the amount of coverage. The value of boats depreciates just like it does with automobiles. If your boat is damaged or destroyed you can receive the amount it was insured for, as opposed to the market value, which could be much lower.

Stop by or call Pizano Insurance in Wayzata, MN to get more information about getting insurance for your boat. Our professional staff can help you make sure you have the coverage you need, so you can be safe and worry-free when you are on any of the lakes or waterways of Minnesota.

Mopeds are becoming more popular due to their low cost and gas savings. If you drive a moped, you may or may not be required to insure it. Currently, only 24 of the 50 states require mopeds being driven on the road to have insurance. However, even if your state does not require it, it is always wise to invest in insurance to protect yourself if there is an accident or your moped is stolen. One of the questions that we at Pizano Insurance, serving the greater Wayzata, MN area are asked, is whether a moped can be insured using motorcycle insurance. Here is some information for you regarding this question. 

There is not separate moped insurance policies that are sold. As such, most mopeds can be insured under a motorcycle insurance policy. If your moped has an engine that is 50 cc or larger or the bike goes over 30 miles per hour, it is considered by most states to be a motorcycle rather than a moped and needs to be insured under a motorcycle insurance policy. In most states, liability insurance is required for motorcycles. 

In addition to needing the insurance to be on the road if the engine has certain speeds, many lenders require you to carry motorcycle insurance on a moped even if the state you live in does not require it. This helps to protect their financial interest in the moped until the loan is paid off. 

If you are looking to insure a moped or a motorcycle in the greater Wayzata, MN area, Pizaono Insurance would love to help. Call us today to discuss your needs with one of our friendly agents and receive a free motorcycle insurance quote.

Marriage is bound to bring many changes to your life as you take steps to combine households with your significant other. In addition to setting up a new home in Wayzata, MN, you should take time to reassess your insurance needs. At Pizano Insurance, we can help you determine insurance coverage that’s best suited to your new situation. As newlyweds, you may be very interested in what umbrella liability insurance has to offer.   

Protection of Valuable Assets

Marriage often increases a couple’s assets, providing them with additional savings, income, real estate property, and goods. Umbrella insurance provides extra liability coverage to protect these assets against lawsuits if you’re held liable for an accident at home or on the road.

A serious accident could cause injuries that surpass the liability limits of your home or car insurance policies. If you’re sued for additional costs, you could suffer financial ruin just when your married life is getting started. Umbrella insurance can provide you with an additional $1 million or more in liability coverage to protect your valuable assets in this new phase of your life.

Protection of Lifestyle

With umbrella insurance, you can have greater peace of mind to pursue the lifestyle you desire. Certain lifestyles and amenities such as a pool, boat or sports car increase the risk of being sued in the event of an accident. With umbrella coverage, you and your spouse can enjoy married life to the full without worrying about what may or may not happen as a result of your lifestyle.

At Pizano Insurance, Wayzata, MN, we can help you personalize your home, auto and umbrella coverage to suit your individual needs. Obtaining adequate insurance protection is one of the most important decisions you’ll make as newlyweds in establishing your financial future.

People who live in Wayzata, MN and who ride on motorcycles are required by state law to purchase various insurances, ensuring the protection of everyone who travels on the road. The penalties are severe for those who drive without their proof of insurance, and uninsured people can face heavy fines. They can even be arrested and put into prison. In addition, a motorcycle operator can have his or her license suspended or revoked if they do not purchase insurance within the allotted period of time prior to their court date.

Insurances Required by Minnesota State Law

You are responsible for obtaining coverage that will pay for the damages rendered to another person’s vehicle or property that are found to be your fault. You also must carry indemnification that will pay for the medical bills related to the bodily injuries that result from a collision that is caused by you. 

The state of Minnesota sets forth requirements that motorcyclists also have underinsured motorist insurance. This provision ensures that a person is still protected when they are hit by somebody who does not have adequate insurance coverage, and each driver must have insurance that provides for his or her own bodily harm and for the physical losses sustained. 

In addition, Minnesota residents are mandated to purchase uninsured motorist coverage. This insurance will pay for the medical costs related to accidents that involve a person who does not have insurance. Personal Injury Protection, while a requisite for drivers of cars and trucks in Minnesota, is not a requirement for motorcycle operators.

Pizano Insurance Can Help You  Get Insured

Pizano Insurance has served the residents of Wayzata, MN for years, and we can find the right motorcycle insurance package for you. Call us, or visit our office to speak to one of our friendly agents today!