commercial insurance | Hummel Group

commercial insurance

Coronavirus: Commercial Coverage FAQs

Hummel Group recognizes the unprecedented questions the coronavirus (COVID-19) outbreak is raising for our clients, particularly questions related to business income and event cancellation losses and how policies will respond to these incidents. While one answer does not fit all circumstances, Hummel Group will take the appropriate steps to work with your insurance carriers to evaluate the coverage for a coronavirus-related claim under any insurance policy in a timely manner.

Insurance Requirements for Home-Based Businesses

One of the smartest moves a business owner can make is obtaining insurance to protect his business assets. Even home-based businesses need the protection that insurance can provide. The type of coverage you choose will depend on the type of home business you run, its scale of operation and the risks you face for financial loss. Here’s what you should know about insuring a home enterprise.

Can Military Action Affect Insurance Prices?

The U.S. involvement in conflicts around the world is bound to bring about questions and feelings of uncertainty. The possibility of additional military action abroad has had a few clients ask us about its affect on insurance pricing. The simple answer is, military conflict has no to little effect on U.S. insurance prices, especially in the short-term.

Transportation Risk Specialists - What Are They?

You may notice that some insurance agents have the letters “TRS” next to their name. TRS stands from Transportation Risk Specialist. The designation indicates that agents have gone through specialized training, evaluation, and work experience to develop specific expertise when it comes to understanding and serving the needs of the trucking & transportation industry.

Tis the Season for an Insurance Review

As another year comes to an end, it’s good to take stock of changes in your life or lifestyle that will affect your insurance protection in the New Year to come. The end of the year is a good time to conduct an insurance review to see if your policies still reflect the coverage you need or want. If changes are in order, it’s best to make them now so you can face the New Year with confidence knowing you’re fully protected against any eventuality. 

What Insurance Should Businesses Carry for Black Friday?

While the average insurance provider doesn’t offer a specific Black Friday insurance plan, there are certain types of insurance protection that are wise for all business owners to invest in prior to Black Friday sales. For those who are new to the wonderful world of retail on this busy shopping day each year, there is one rule of thumb to remember – the parking lot may be a jungle, but inside the store is a zoo on Black Friday.