You may be considering renting out your home for extra income while you're away for an extended period of time. Though this seems like an ideal solution for families with extra room to spare, it can pose liabilities. Take the following considerations to heart in order to protect your home.
Renting Your Home Ask for references from potential renters, especially those that will stay for a while. Draw up a rental agreement that defines the terms of the rental, including restrictions, liabilities and occupancy guidelines. Request a security deposit that...-
We Identify RiskWhat can we do to avoid costly Workers' Comp claims?How is our benefits plan helping to retain top performing employees?Our key piece of equipment will take six months to replace if destroyed. How can we prepare for this? -
Are my liability limits adequate for when our daughter gets her license?How will we pay for college if something happens to my husband?If our son gets sick, is specialized treatment in our health provider network?Do I have enough money set aside to retire?We Identify Risk -
We Identify RiskWho will buy our business when we retire?How are we going to replace our lost income if the building is damaged?Are we responsible if someone injures herself while walking through our parking lot? -
Am I covered if I have a manure, liquid nitrogen or pesticide/herbicide spill?Do I have coverage when I run my equipment on the road?How is my crop covered during harvest season?We have a gas well on our property, do I need coverage for underground pollution?Do I have coverage for hired workers?We Identify Risk