May 31, 2024
AgencyBusiness Owner’s Policy (BOP) vs. General Liability Insurance
When it comes to protecting your business, choosing the right insurance coverage is crucial. Two common types of business insurance are Business Owner’s Policies (BOP) and General Liability Insurance. Understanding the differences between these two options can help you make an informed decision. In this blog, we will compare BOP and General Liability Insurance and […]
September 29, 2023
AgencyThe Role of Additional Insured in Construction Projects
When contractors or third-party entities work on your property, whether it’s a residential home, commercial building, or construction project, ensuring that you are adequately protected against potential liabilities is of paramount importance. One crucial aspect of safeguarding your interests is through the addition of “Additional Insured” on insurance certificates. In this article, we will explore […]
June 26, 2023
AgencyI’m a Landlord… Can I use my Homeowner’s Insurance for that property?
As homeowners, we understand the importance of protecting our property with homeowners’ insurance. However, when it comes to renting out our homes, relying solely on homeowners insurance may leave us exposed to potential risks and financial losses. In this article, Best Formula Insurance will shed light on the differences between homeowners insurance and landlord insurance, […]
June 8, 2023
AgencyThe Role of General Liability Insurance in Business Risk Management
In this article, we will focus on the role of general liability insurance in effective business risk management. As a responsible business owner, understanding the significance of this coverage is vital for protecting your company from potential financial burdens. Let’s explore why general liability insurance is a fundamental component of your risk management strategy. Defining […]
May 19, 2023
AgencyThe Importance of Umbrella Insurance: Protecting Your Assets Beyond the Basics
At Best Formula Insurance, we understand that protecting your assets and securing your financial future is a top priority. That’s why we want to emphasize the significance of umbrella insurance in providing additional liability coverage. In this blog, we will explore the role of umbrella insurance, its importance in protecting your assets against lawsuits, […]