Tag: commercial

If you are looking for a flexible way to earn extra income, becoming a rideshare driver may be a good option. Rideshare drivers work as independent contractors rather than employees, which means standard personal auto insurance may not fully protect you while driving for a rideshare company. Having the right insurance coverage is critical to protecting yourself and your vehicle.

At Completely Independent Insurance Agency, we help drivers understand their insurance needs and explore coverage options that fit their budgets. If you need commercial insurance in Zionsville, IN, our team can help you find a policy that aligns with your driving habits and meets the requirements of your rideshare company.

Insurance Coverage Considerations for Rideshare Drivers

Most personal auto insurance policies exclude coverage when a vehicle is used for business purposes. While rideshare companies such as Uber and Lyft do provide some insurance coverage, it does not apply in every situation. Coverage gaps may exist when you are logged into the app but have not yet accepted a ride request.

A rideshare endorsement is a common solution for closing these gaps. This endorsement is added to your personal auto insurance policy and helps extend coverage while you are available for rides. For drivers who spend a significant amount of time ridesharing or use their vehicle primarily for business, a commercial auto insurance policy may be a better fit.

Rideshare companies also require higher liability limits than those found in most personal auto policies. Maintaining the appropriate level of coverage helps protect you financially and ensures you remain eligible to drive on the platform.

Find the Right Rideshare Insurance Coverage

Work with Completely Independent Insurance Agency to secure commercial insurance in Zionsville, IN that fits your needs. Our team can review your current policy, explain your coverage options, and help you find an affordable solution that protects you every time you are on the road. Contact us today to get started.

As the owner of a business, ensuring you have the right insurance policies can make all the difference when filing a claim. If you own a business that collects technology-related data and information, it may be time to consider combining your commercial insurance policy with cybersecurity insurance. If you’re located in Zionsville, IN, the Completely Independent Insurance Agency can help you determine if the combination is right for you.

How Commercial and Cybersecurity Policies Complement Each Other

Traditional commercial insurance, which is typically general liability, covers both physical and operational risks. However, it does not cover technological-related claims. Cybersecurity insurance focuses on technology-related threats, such as:

• Data breaches that involve employee or customer information
• Ransomware and cyber extortion incidents
• Phishing and social engineering attacks
• Network outages and in some cases, even system failures

Why Commercial Insurance Alone Falls Flat

Anytime you’re managing a business that includes technology, data, and customer information, traditional commercial insurance is often not adequate for the coverage you require. For example, property insurance may cover damaged servers, but not stolen data from customers or employees. General liability (commercial) insurance, may not cover regulatory fines or privacy violations. Additionally, business interruption coverage may not apply to cyber-caused shutdowns. Combining both cybersecurity insurance with traditional commercial insurance is the way to go to maximize your protection. Broader protection across both physical and digital operations is a way for you to maintain a sense of security.

Whether you collect and store data and information or if you’re working with a startup, cybersecurity insurance is often recommended (in addition to a traditional commercial insurance policy). If you’re in need of additional protection, the Completely Independent Insurance Agency is an agency you can trust. For those located in or near Zionsville, IN, contact us for your quote and consultation today. 

Opening your own business and building a successful company can be a dream come true. One important step to support your business’s growth is securing commercial insurance. This type of insurance can protect against a variety of risks and losses, depending on the coverage you choose.

At Completely Independent Insurance Agency, we assist businesses in Zionsville, IN, in finding the commercial insurance they need to safeguard their operations, including coverage for leasing a space.

Leasing a Space and How Commercial Insurance Helps

If you lease a space for your business, the property owner will typically require you to have commercial insurance. This insurance should address the specific risks associated with your business and provide protection for visitors to your premises.

One essential component of commercial insurance is liability coverage. Liability insurance protects your business if someone visits your property and suffers an injury due to your negligence. This type of coverage is crucial for mitigating financial risks associated with lawsuits and medical expenses.

In addition to liability coverage, you may need additional protection for other risks, such as:

• Equipment breakdown protection
• Coverage for business assets and inventory
• Protection against theft, fire, and vandalism
• Improvements and betterments you made to the property

What Makes Coverage for Leasing Different?

In most cases, the building property owner will maintain insurance to cover its structure. When leasing space, even though your business doesn’t own the building, you still have assets to protect, including your equipment, inventory and belongings, as well as liability for any incidents that occur on the premises.

Finding the right coverage can be complex, but our team is here to help. At Completely Independent Insurance Agency, serving Zionsville, IN, we work with you to compare options and identify the level of protection best suited to your needs. Contact us for a no-obligation quote.