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Carvo Financial Group

General Liability Insurance Coverage for Small Businesses: Your Questions Answered

Q: What is general liability insurance, and why do small businesses need it? A: General liability insurance protects your business against financial losses from third-party claims of bodily injury, property damage, or advertising injury. For small businesses, it’s a critical safety net that covers potential risks like: Without this coverage, your business could face costly […]
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Understanding Cyber Liability Insurance Limits: Your Questions Answered

Q: What is cyber liability insurance? A: Cyber liability insurance is designed to cover the costs associated with cyber incidents, such as data breaches, ransomware attacks, and business interruption due to system failures. This policy ensures your business is financially protected when cybercriminals strike. Q: Why are cyber liability insurance limits important? A: Policy limits […]
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Who Needs Commercial Umbrella Insurance?

Q: What is commercial umbrella insurance? A: Commercial umbrella insurance provides additional liability coverage that extends beyond the limits of your existing business insurance policies, such as general liability, commercial auto, or workers’ compensation. It acts as an extra layer of financial protection against significant claims or lawsuits. Q: Who benefits most from commercial umbrella […]
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Understanding Commercial Property Insurance and Water Damage

Q: What is commercial property insurance? A: Commercial property insurance protects your business assets, including buildings, equipment, and inventory, from risks like fire, theft, and certain types of water damage. It ensures your business can recover quickly and continue operations after an unexpected event. Q: Does commercial property insurance cover water damage? A: Yes, but […]
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What is Commercial Auto Insurance?

Commercial Auto Insurance is designed to protect vehicles used for business purposes. Whether you own a single delivery van or manage a fleet of trucks, this insurance provides essential coverage to safeguard your business operations against financial loss from accidents, theft, or damage. How Can Commercial Auto Insurance Save Your Business Money? Commercial Auto Insurance […]
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What is Builders Risk Insurance?

Builders Risk Insurance is a type of property insurance designed to cover buildings under construction. It provides financial protection against damage or loss caused by theft, vandalism, fire, or certain weather events. This coverage ensures that your construction project can continue without major financial setbacks. What is Course of Construction Insurance? Course of Construction Insurance […]
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What is the Difference Between Medicare and Medicaid?

A: The key difference between Medicare and Medicaid is who they serve and how they’re funded. Medicare is a federal program primarily for people aged 65 and older or for those with certain disabilities, while Medicaid is a joint federal and state program that provides healthcare coverage to low-income individuals and families. Q: Who Qualifies […]
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What is an Employer Benefits Package?

A: An employer benefits package is a collection of non-wage perks and benefits offered to employees in addition to their regular salary. These benefits can include health insurance, retirement plans, paid time off, wellness programs, and more. Employer benefits packages are essential for attracting and retaining top talent while supporting employee well-being and satisfaction. Q: […]
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What is Umbrella Insurance?

A: Umbrella insurance is a type of extra liability insurance designed to provide coverage beyond the limits of your existing policies, such as homeowners, renters, auto, or business insurance. It offers an additional layer of protection to cover major claims and lawsuits, giving you peace of mind and financial security. Q: What is the Difference […]
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