Carvo Financial Group

Renters Insurance for Storage Units: Do You Need Coverage?

Q: Does renters insurance cover belongings in a storage unit? A: Yes, most renters insurance policies extend coverage to items stored in storage units, often covering theft, fire, and water damage. However, coverage limits for items in storage are usually lower than for those in your primary residence. If you’re storing high-value items, you may […]
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Homeowners Insurance vs. Landlord Insurance: What’s the Difference

Q: What is the primary difference between homeowners insurance and landlord insurance? A: Homeowners insurance is designed to protect an owner-occupied property, covering both the structure and personal belongings within the home. It includes liability coverage for accidents that might occur on the property. Landlord insurance, on the other hand, is tailored for properties rented […]
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Understanding Workers’ Compensation in Virginia: Essential Protection for Your Business

Q: What is workers’ compensation insurance, and why is it important in Virginia? A: Workers’ compensation insurance provides financial protection for both employers and employees in the event of work-related injuries or illnesses. In Virginia, as in most states, it’s required by law for most businesses. This coverage helps pay for medical expenses, lost wages, […]
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Exploring Life Insurance with Living Benefits: Protecting Today and Tomorrow

Life insurance is often thought of as a financial tool for protecting loved ones after you’re gone. However, with life insurance policies offering living benefits, you can access financial assistance during your lifetime, giving you additional security and flexibility. Here, we answer some common questions about life insurance with living benefits and how it could […]
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Understanding the Average Cost of General Liability Insurance for Your Business

Q: What is general liability insurance, and why is it important for businesses? A: General liability insurance protects businesses from financial losses related to third-party claims, including bodily injuries, property damage, and advertising injury. This coverage is essential because it shields businesses from costly lawsuits and unexpected expenses, allowing them to operate with greater peace […]
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Cyber Liability Insurance Explained

Q: What is cyber liability insurance? A: Cyber liability insurance is a specialized policy designed to help protect businesses against the financial impacts of cyberattacks, data breaches, and other digital threats. This type of insurance can cover a range of costs, from data restoration and notification expenses to legal fees and settlements. It’s an essential […]
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What Does a Commercial Umbrella Insurance Policy Cover?

Q: What exactly is a commercial umbrella insurance policy? A: A commercial umbrella insurance policy offers extra liability coverage beyond the limits of your standard business insurance policies, like general liability or commercial auto insurance. This additional layer of protection is especially beneficial if your business faces a high-cost claim that exceeds the limits of […]
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Understanding Commercial Crime Insurance with Carvo Insurance Group: Real-Life Examples

: What is commercial crime insurance, and why is it important for businesses? A: Commercial crime insurance protects businesses from financial losses due to criminal acts such as employee theft, fraud, forgery, and robbery. These losses can be substantial, impacting a company’s bottom line and reputation. Crime insurance provides a safety net, ensuring that businesses […]
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Answering Your Commercial Property Insurance Coverage Questions with Carvo Insurance Group

Q: What is commercial property insurance, and why do businesses need it? A: Commercial property insurance provides essential protection for your business property, covering buildings, equipment, inventory, and other physical assets against risks such as fire, theft, and certain natural disasters. This type of insurance is crucial for businesses of all sizes because it helps […]
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