Business Insurance by https://padlet.com/kylechandler1/9mu60ydeyc1y Made with a wink and a smile en-us 2020-03-28 18:19:14 UTC 2023-07-17 13:19:47 UTC hello@padlet.com kylechandler1 https://padlet.com/kylechandler1/9mu60ydeyc1y/wish/482255080 Welcome to my Padlet that will discuss some different types of insurance you should consider if you plan to or already operate your own business.  ]]> 2020-03-30 14:13:10 UTC https://padlet.com/kylechandler1/9mu60ydeyc1y/wish/482255080 Video #1 - Professional Liability Insurance kylechandler1 https://padlet.com/kylechandler1/9mu60ydeyc1y/wish/482284025 This short video provided by Zensurance gives a simple explanation of what Professional Liability Insurance, also known as Errors and Omissions Insurance, is and who might consider acquiring it. 
 
I had never heard of Professional Liability Insurance until I was contractually obligated to have a policy while doing consulting work as an independent contractor.  After viewing this video I had a much better understanding because it does a great job at explaining what this type of insurance covers and what business owner’s would benefit from having it.  As well as the video the Zensurance website was also informative and user friendly.
]]> 2020-03-30 14:22:40 UTC https://padlet.com/kylechandler1/9mu60ydeyc1y/wish/482284025 Website # 2 - Commercial Property 101 kylechandler1 https://padlet.com/kylechandler1/9mu60ydeyc1y/wish/482373424 This website provided by TruShield Insurance covers in great detail the basics of Commercial Property Insurance.  They have also included and extensive list of business types that would benefit or require this type of coverage.  The website goes over the benefits and factors affecting your insurance as well as explaining additional coverage business owner's may want to consider.

I found this website to be extremely informative and useful because I plan to operate my own small business and this website includes a lot of pertinent information all in one place. I feel like I could use the information provided to make a more educated decision regarding commercial property insurance. ]]> 2020-03-30 14:52:39 UTC https://padlet.com/kylechandler1/9mu60ydeyc1y/wish/482373424 Website #1 - Product Liability Insurance 101 kylechandler1 https://padlet.com/kylechandler1/9mu60ydeyc1y/wish/483348133 This website page produced by Aligned Insurance explains what types of businesses benefit from Product Liability Insurance, some of their options for this type of insurance, as well other actions a business owner should undertake such as implementing quality control measures and seeking advise from legal professionals regarding risk and exposure.  

Product Liability Insurance is another type of insurance that I hadn't really considered until recently. As part of my future business plans I hope to build custom furniture and found this website to be very useful when considering types of insurance that I will have to acquire when the time comes. ]]> 2020-03-30 23:44:01 UTC https://padlet.com/kylechandler1/9mu60ydeyc1y/wish/483348133 Website #3 - Do You Need Insurance For Your Home Based Business kylechandler1 https://padlet.com/kylechandler1/9mu60ydeyc1y/wish/483356776 This webpage does a great job at outlining the details regarding Home Based Insurance.  The main points describe what exactly home based insurance provides and what businesses would benefit from having it.  

I found this website to be especially useful for myself because I am currently acquiring tools and building a workshop in my home that I will be using for my future small business. I am not yet earning revenue from my projects, but once I start working I will immediately have to consider this type of coverage because according to this website there is a good chance that our home insurance policy may not cover a loss depending on the circumstances.]]> 2020-03-30 23:55:44 UTC https://padlet.com/kylechandler1/9mu60ydeyc1y/wish/483356776 Website #4- Guide to Worker's Compensation in Canada for Businesses kylechandler1 https://padlet.com/kylechandler1/9mu60ydeyc1y/wish/483357552 This website produced by The Balance covers some of the details regarding Workers' Compensation Insurance in Canada.  It briefly describes what Workers' Compensation is and which businesses are required to have insurance in place for it.  

This website gives a fairly thorough explanation of Workers' Compensation Insurance from the side of the business owner. Generally I find that this information is more geared towards the workers but when it is explained from the other perspective it provides more clarity for the system. ]]> 2020-03-30 23:56:52 UTC https://padlet.com/kylechandler1/9mu60ydeyc1y/wish/483357552 Video #3 - Workers' Compensation in Ontario kylechandler1 https://padlet.com/kylechandler1/9mu60ydeyc1y/wish/483367895 The beginning of the video describes an accident that occurred and the steps that took place afterward in regard to WSIB to give the victim a chance at a decent life after his traumatic injury.  The remainder of the video show cases the fact that there are an alarming number of workers in Ontario that are not covered and shares a story about another worker that was injured but did not have the same opportunities after her injuries because she did not have coverage through WSIB.

I appreciate how this video sheds light on the fact that Ontario has some of the worst WSIB coverage nationally, and uses personal stories to highlight the different outcomes. I have worked at places without being insured and knowing what I know now I won't be doing that in the future. ]]> 2020-03-31 00:11:42 UTC https://padlet.com/kylechandler1/9mu60ydeyc1y/wish/483367895 Video #2 - Do You Require Commercial Auto Insurance kylechandler1 https://padlet.com/kylechandler1/9mu60ydeyc1y/wish/483381405 This video provided by Progressive Commercial Insurance outlines the differences between a private and commercial auto insurance policy.   The video also covers some factors that would determine whether or not the vehicle you use for your business operations would be adequately covered by a personal policy or if you would be better served by a commercial policy.

This video packs a lot of information into a relatively short amount of time, and makes it fairly palatable. I was able to use this information to help plan my future insurance needs. ]]> 2020-03-31 00:32:42 UTC https://padlet.com/kylechandler1/9mu60ydeyc1y/wish/483381405 kylechandler1 https://padlet.com/kylechandler1/9mu60ydeyc1y/wish/483390897 2020-03-31 00:44:01 UTC https://padlet.com/kylechandler1/9mu60ydeyc1y/wish/483390897 Video #4 - Business Interruption Insurance During a Global Pandemic kylechandler1 https://padlet.com/kylechandler1/9mu60ydeyc1y/wish/483391981 This video sheds some light on the fact that many Business Interruption Insurance policy holders are not able to claim losses for having to close their businesses during the COVID19 pandemic.  

Although this story is from an American news station I found this video to be eye opening and a very relevant lesson to learn when you go about acquiring insurance for your business.  Most people, myself included, would not think of a detail like this when shopping for a policy so it would be advisable to seek professional advice when purchasing this type of policy. ]]> 2020-03-31 00:45:47 UTC https://padlet.com/kylechandler1/9mu60ydeyc1y/wish/483391981 Image #1 - Commercial Property Insurance kylechandler1 https://padlet.com/kylechandler1/9mu60ydeyc1y/wish/483396360 This image explains in 10 seconds what advantages a Commercial Property Insurance policy would provide.

I believe the graphic using several images gives a prospective business owner a better idea of all the things that are covered in case of a loss.]]> 2020-03-31 00:52:43 UTC https://padlet.com/kylechandler1/9mu60ydeyc1y/wish/483396360 Image #2 - Commercial or Private Auto Insurance kylechandler1 https://padlet.com/kylechandler1/9mu60ydeyc1y/wish/483401580 This infographic explains the difference between a private auto insurance policy and a commercial auto insurance policy for small businesses. I appreciate the different scenarios which help a person to consider what uses would be covered and what would not. ]]> 2020-03-31 01:00:33 UTC https://padlet.com/kylechandler1/9mu60ydeyc1y/wish/483401580 kylechandler1 https://padlet.com/kylechandler1/9mu60ydeyc1y/wish/483421664 1. The information I learned during the research for this product is how often business owners can find themselves not qualifying for insurance that they think they have.  This can occur when you are operating under personal policies for your automobile or you home, or when you don't have adequate coverage with your business policies.  A good example of this is businesses not qualifying for Business Interruption Insurance during the COVID 19 pandemic even though they have a policy and pay their premiums. .

2.  This information is relative and interesting to me because I currently operate a small business, and I plan on starting another business in the short term, and it is important to me to operate these businesses professionally. 

3.  I would recommend that people I know with their own businesses either seek out professional advice or do a serious reflection on whether or not they are adequately covered by their insurance policies.  ]]> 2020-03-31 01:30:26 UTC https://padlet.com/kylechandler1/9mu60ydeyc1y/wish/483421664