Mold is a naturally occurring organism that can pollute the environment and cause illness. Lately mold has received heightened attention for its potential toxicity and can pose a serious liability problem for landlords and property owners. For this reason, it is important to understand where your home insurance policy stands when you are seeking commercial coverage for your Lakewood, Colorado apartment.

The Dangers of Mold

While there are over 100,000 different types of mold, only a handful are dangerous to humans. However, even non-toxic mold can cause health problems because humans vary in their response to mold. Those who have been exposed to toxic mold may experience a wide range of medical conditions, including skin problems, fatigue, and respiratory ailments.

Is Mold Covered By Commercial Insurance?

Typically, the answer is no. Because mold flourishes in moisture, burst pipes and unkempt bathrooms serve as conduits for mold spores. Usually, the tenant can prevent mold by diligently cleaning areas that are prone to moisture or by taking care of leaking pipes immediately. Thus, mold is considered to be a maintenance issue and is excluded from coverage by most insurance companies.

How an Independent Agent Can Help

Though mold is treated as a maintenance issue, mold can often spread through construction practices that introduce moisture to the foundation or building materials. Occasionally, coverage may be provided for structural damage where you can verify that the mold was not caused by negligence on behalf of the tenant or the property owner.

An independent agent can help you determine whether your home insurance policy will provide coverage for mold and what your options are if you find toxic mold on your property. Contact us today to tackle this important issue and find the best home insurance policies for covering mold damage on your property.

An insurance policy for any company large or small are not about having a BOP, but are about being a responsible company owner. A company owner should never believe it is alright to operate without business insurance, no matter what size their company is.

Whether there are no employees or just a few employees, the company needs insurance protection. We are an independent agent in Lakewood, Colorado, and can help develop a plan that is right for your company and will adapt a policy to your budget.

The benefits of having a company insurance policy will help to protect your financial investment against a number of issues. Insurance will have a bearing on employees. If there is a lawsuit or liability stemming from your products or services, it will protect the company. There will be no possibilities of closing up your company due to a lawsuit.

Being able to provide an insurance package to your employees is a valuable asset, as this will attract good workers dedicated to the company. Health coverage says a lot to the employee. Health insurance will provide your company a tax credit of up to 35 percent of the cost of the premium.

Business owners must adhere to federal regulations regarding hiring practices, discrimination and sexual harassment. There are employees who would take advantage of these regulations and seek a lawsuit. A company’s insurance policy covers legal costs.

If your company has a mortgage, the financial institution may require a certain amount of insurance. If an owner does not meet these requirements, then the company can get certain fines and restrictions. Licenses are at risk for cancelation.

Call our independent agency in Lakewood, Colorado today to set up any number of insurance options, such as commercial, property, health, liability, fleet, and many other coverage are available for small business owners.

To ensure that each Lakewood, Colorado, business has the insurance coverage it needs in case damage or destruction occurs, it may be necessary for the business owners to purchase a type of commercial property policy. A commercial property policy can cover the losses that may occur to company property when naturally destructive events occur as well as protect business owners in the cases of vandalism or theft.

When purchasing commercial coverage in Lakewood, Colorado, business owners should evaluate their needs in order to select the appropriate commercial property coverage type and amount. An all-risk policy will cover damage caused by a variety of events other than incidents that are noted as exceptions by the policy. This is the most commonly purchased type of commercial coverage. A peril-specific policy will cover losses from only specified events, such as fire or flood. An independent insurance agent can help Lakewood business owners determine if their properties are at risk for a particular peril and recommend peril insurance coverage if appropriate.

Business owners should be aware that different levels of risk are associated with different areas even within the city of Lakewood, Colorado. Insurance providers assess each area’s risk in order to determine which insurance coverage to offer at what cost. This means businesses in different neighborhoods may pay different rates for the same coverage. If a business is located in a high crime area or an area at risk of natural disasters, it will carry a higher risk and command higher insurance rates. Consulting with an independent insurance agent who can inform business owners about the risks their potential business location before they buy it can help owners make good decisions about purchasing property. Once they own a property, an insurance agent can still help them by recommending suitable coverage as well as suggesting ways for the owners to reduce their risks and save money.