Why Do I Need Commercial Property Insurance?

Business owners in the Milwaukee, WI region are not mandated by law to purchase commercial property insurance, though many choose to do so to protect against financial loss. The only required insurances are workers’ compensation and commercial automobile insurance. 

Depending on the industry you work in, you may have machinery that is necessary to produce the items or services you provide. It’s important to estimate the value of replacing this equipment on top of any lost income that could result in the event of a catastrophe. Inventory is another important class of goods you may wish to keep insured. 

It’s important to remember that commercial property insurance also insures the contents within the four walls of a building if you rent or lease. Many landlords will require you to obtain this type of indemnification in their contract, as their insurance will not protect your possessions but only the edifice itself. Be sure to let your Dern & Company insurance representative answer these and any other specific questions you may have about property insurance. 

Your products can be subject to theft, as well as your machinery or the components you keep on hand, and vandalism can damage items, as can fires due to faulty wiring or arson. Smoke damage can devastate your wares, rendering you unable to sell them due to residual odor, and water from sprinkler systems can further ruin your tools and goods. 

Natural disasters can also affect your stock, including hail, heavy rain, tornadoes, and hurricanes. Lightning is another hazard that can damage electronics by overloading the power grid and surging through outlets. 

Let Us Help

Dern & Company exists to help Milwaukee, WI residents with their insurance needs. Let us be of assistance to you by reaching out via telephone, the internet, or visiting the office. 

Does My College Student Need Renter’s Insurance?

Renters’ insurance is not legally required in Milwaukee, WI, though a landlord often asks renters to obtain a policy. It’s something that many college students and their parents consider for the following reasons. 

It’s often the norm for college students to need expensive electronics to complete their studies. Young people also like to have a variety of gadgets with which to communicate and for recreation. These can add up to significant costs in the event they are damaged.

Fires can happen in kitchens with inexperienced cooks, and water damage can occur from sprinkler systems when activated. This can also put furniture, clothing items, and textbooks in peril. Smoke from fires will also ruin personal items if the incident is widespread and significant.

Theft can be an issue on a campus filled with young people, and a stolen backpack can contain computers and other vital devices. Other perils can include burst pipes due to freezing, falling objects, or electrical short circuits. 

It cannot be assumed that landlords or even schools will cover these expenses. Usually, the insurance that a landlord purchases will cover their property, as in the four walls, but not the contents contained within. Your Dern & Company representative can go over the details of what would be covered in your specific policy. 

There is also the issue of what can sometimes happen when someone is injured on your premises. Accidents can happen, and these often involve medical expenses. It’s also possible for incidents to escalate into lawsuits to recover lost wages and pay for personal damages. 

Dern & Company helps renters in Milwaukee, WI by tailoring indemnification sufficient for their needs. We invite you to stop by the office, visit us online, or call for more information. 

Four Key Areas Covered by Boat Insurance

If you own a boat, you probably cherish the good memories you make on the water. Nothing beats the cool breeze and warm sun on the water. But do you know that one incident can destroy your pricey boat and leave you bearing huge losses? Well, that should not be your case, as you can protect your vessel with boat insurance at Dern & Company if you live in Milwaukee, WI. Like auto insurance, boat insurance comes with different coverage that protects you in different situations. Let’s look at some of the areas covered by boat insurance.

  • Liability insurance: Liability coverage steps in when you damage another boat or cause injuries to someone in an accident you are at fault. The coverage pays for the damages, medical costs, or legal fees if you get sued.
  • Medical payment: Boat insurance also covers medical expenses for you and your passengers if injured in a boat accident. This way, you can focus on recovery without thinking about out-of-pocket medical expenses.
  • Property damage: Boat insurance covers your boat in the event of theft or damage due to an accident or sinking. The good thing about this coverage is that it covers your vessel in the water and on land.
  • Uninsured watercraft coverage: Wisconsin does not require boat owners to carry boat insurance. In that case, you will find many uninsured boaters on the water. If any uninsured boater hits your boat, the coverage protects you.

Boat insurance in Milwaukee, WI

Anyone who owns a boat will tell you it’s an expensive investment that requires proper insurance. In case of an unfortunate event, the cost of replacement or repair would amount to thousands of dollars, not to mention the hospital bills. Why wait until you are sorry to purchase boat insurance? If you are looking for boat insurance in Milwaukee, WI, look no further than Dern & Company. Contact us today for an affordable quote.

Your Wisconsin Business Needs Commercial Liability Insurance

As a Milwaukee, WI business owner, you must ensure that you have the right insurance coverage to protect your company. One type of insurance that is essential for any business is commercial liability insurance. This type of insurance can help cover the costs of damages or injuries that occur because of your business operations.

What is Liability Coverage?

Liability coverage is insurance that helps protect your business from the financial costs of damages or injuries that occur because of your business operations. If someone is injured on your property or by one of your products, liability insurance can help cover the cost of their medical bills, lost wages, and other expenses. Liability insurance can also help cover the cost of legal fees if they sue you for damages.

Your Dern & Company insurance agent can help you choose the proper liability coverage for your business.

Why Do You Need Liability Coverage?

Many risks come with running a business, and liability insurance can help protect you from the financial consequences of these risks. This policy type offers protection from a variety of potential risks, including:

  • Bodily injuries: If someone is injured on your property or by one of your products, commercial liability insurance can help cover their medical bills and other expenses.
  • Property damage: If your business operations result in damage to someone else’s property, this policy can help pay for the repairs.
  • Legal fees: If you are sued for damages because of your business operations, commercial liability insurance can help pay for your legal fees.
  • Product liability: If you sell products, you could be held responsible if one of your products causes injuries or damages. Commercial liability insurance can help cover the cost of these claims.

Learn more about your business’s risks and how commercial liability insurance can help protect you by talking to your Dern & Company insurance agent.

I Don’t Own Anything Valuable, Do I Still Need Renters Insurance?

Renters insurance is meant to cover damage to your belongings during a rental, not to cover your belongings if they are stolen or damaged while in your possession. You probably don’t need renters insurance if you don’t own anything of value. If stranded in Milwaukee, WI, call Dern & Company.

What the Coverage Entails 

Renters’ insurance covers a variety of things regarding your belongings, such as the value of your belongings, liability, and loss of your rental due to a covered peril. You won’t qualify for a standard policy if you don’t own anything valuable. 

However, if you don’t own anything and still need renters insurance, there are still ways to get coverage. You can buy a policy that covers only a limited amount of money, such as $500, or one that covers specific items, such as your electronics. 

There is a misconception that only expensive items need to be insured. Anything you own can be stolen or damaged, and you should have insurance for every item. Renters insurance will protect your belongings if a guest damages them. 

It’s also an excellent way to protect your investment if something happens to your possessions while staying in an Airbnb. Even though you might not own anything of significant value, getting renters insurance is wise. 

It is vital to protect your belongings and your peace of mind. Protect your rental investment by protecting against unforeseen accidents and damages with renters insurance. If you don’t own anything of value, you may want to consider other types of insurance for your primary residence. 

While most property owners would consider it a good idea to have some insurance on their belongings, it may not be as necessary for renters. This is because renters do not own their home or anything inside it. 

Parting Words 

Renters insurance is a valuable asset that protects your rental investment. While you may not own a large mansion, you may still be covered for losses if there were to be a fire, tornado, earthquake, vandalism, or another disaster that damages your property. 

While many affordable options are available, choosing a policy that covers the right amount of money to protect your investment is essential. Do you need help in Milwaukee, WI? Visit Dern & Company.

Do boat insurance policies cover gadgets and appliances?

You also protect the items you take with you on a boating trip when you purchase a boat policy from Dern & Company to protect your boat or other watercraft on the lakes of Wisconsin and in transit to the lake on Milwaukee, WI roads. 

Do boat insurance policies cover gadgets and appliances?

Boat insurance policies contain more than one type of policy coverage, similar to how auto insurance provides options for full coverage or just property and bodily injury liability. Boat insurance lets you build your own policy, too.

When you add comprehensive and collision to your boat policy, you protect your property on the boat from essentially any even that could damage it, including theft. The comprehensive component of the insurance policy provides theft coverage. The collision coverage provides coverage for your personal property in cases of a single boat accident.

This type of coverage provides coverage for the radar system you install to catch bigger fish and the microwave you install in the galley to make it easier to cook the yummy fish you catch. You also receive coverage for the items you take with you on an outing on the boat.

For example, you pack an overnight bag with your laptop, cell phone, charger, and a change of clothing and take it with you on a weekend boat outing. You plan to sleep on the boat and cook meals in the galley. While you’re on the water on the second night, lightning strikes the boat while you had your electronics plugged in to charge. It fries everything electrical on the boat. Your comprehensive coverage pays for every item. You file a claim with us, and you get a check from your insurance company that pays you for a replacement laptop, cell phone, charger, radar system, and microwave.

Contact Dern & Company serving Milwaukee, WI to obtain boat insurance that protects your watercraft investment. Let us help you better protect your investment.

What comes with a commercial insurance plan in Wisconsin?

In the Milwaukee, WI area, there is a lot of opportunity for success as a small business owner. While you can enjoy a lot of benefits with owning a business here, you do need to ensure that your organization remains appropriately covered with insurance. If you invest in a commercial insurance plan, you will receive several benefits and forms of insurance coverage. 

Liability Risk Mitigation

One of the advantages of commercial insurance is that it can help to mitigate your liability risk. There is a lot of risk that comes with owning a business, one of which is the risk that you could cause an accident or injury to another party. If this happens, you will be responsible for covering any financial damages. When you invest in a commercial insurance plan, you will get the support needed to help mitigate your risk of liability. 

Protect Core Assets

Any business today will need to ensure that their important assets are protected and covered with insurance. If you have a commercial insurance plan, a part of the policy will cover these assets. This can ensure you are able to replace the assets if you incur a covered loss, which can include fire damage, theft, or vandalism. This can help ensure you have the capacity to replace these important assets. 

It is clearly a good idea to get a commercial insurance plan when you are in the Milwaukee, WI area. If you are looking for this insurance coverage here, calling the team with Dern & Company can be beneficial. The team with Dern & Company understands the importance of this coverage and will provide any guidance that you need to build your next policy. This can ensure both you and your business are appropriately covered with a quality plan.

Do You Really Need Renter’s Insurance?

If you are renting a home or an apartment, you may be wondering if you need to get renter’s insurance. While this is an important decision that is personal, there are some times when you may want to have insurance. 

You may be required to have renter’s insurance. If your landlord requires you to have renter’s insurance, you may need to show them proof that you have insurance for your things. 

It will cover your possessions. If you have some possessions that have some value, you are going to want to make sure that you are protected. It will cover the cost of replacing your items if something happens to your apartment or rented home. 

It will also protect you if someone gets hurt in your apartment or home. When you have renter’s insurance, it will help you if someone gets hurt at your place. Not only will it cover their medical bills, it will help you if you get sued. It will pay your legal fees. 

Your renter’s insurance may also protect you if you lose your home. If your rental property is inhabitable, your renter’s insurance may help you with your extra expenses during this time. 

While many landlords may require renter’s insurance, you may also want to get it to protect your possessions. You may also want to protect yourself in case someone gets hurt in your home. Your renter’s insurance will help cover their medical bills, along with any legal fees if you end up getting sued. 

If you want to talk to a professional about whether you need renter’s insurance or not, don’t hesitate to contact us today at Dern & Company in Milwaukee, WI. 

RV Insurance Ins and Outs

Owning a recreational vehicle can be the highlight of someone’s life. After all, it allows you to travel independently from state to state without much fuss. Some people might take their RV’s for a spin every weekend, others leave it at home until it is time for a Christmas or summer road trip. Whatever it is, you can make your RV work for you.

Being on the road can also come with issues, often ones not budgeted for that can really disrupt the trip. Therefore, making sure your RV doesn’t run into unforeseen costs while you’re on the road really helps. Dern & Company in Milwaukee, WI proudly offers RV insurance to anyone who owns an RV. Our agents can give you several quotes to choose from, and they will go through these quotes at your speed. 

The Ins of RV Insurance

When you’re at home dreaming away about your big RV trip, your parked-up RV should still be insured, even when you don’t use it for a while. In most cases, this isn’t included in a regular home or car insurance. If your RV is stolen or someone drives into it, insurance can be incredibly helpful in those cases.

The Outs of RV Insurance

There is little to say against RV insurance since it’s so convenient, you can road trip without worrying about what you would do in case of an accident and know your RV and your money is safe.

If you want to receive several quotes for your RV, call Dern & Company in Milwaukee, WI as soon as possible. You can also fill out a quote form on the website here. 

What does renters insurance cover?

Renters insurance is a smart choice regardless of how much you own. You may feel as if you don’t own anything expensive enough to insure. However, nothing could be further from the truth. If you lose a PC, cell phone, clothing, or furniture, you will still need to replace these items, regardless of the cost. You can purchase renters insurance in amounts compatible with the value of your belongings. Our Milwaukee, WI team at Dern & Company can answer all of your questions regarding renters insurance. 

What Does Renters Insurance Cover?

In short, renters insurance covers damage to your items in your apartment, condo, or rented home. If your items are damaged by broken pipes or some other external issue. However, renters insurance also covers damage or loss that results from theft, some natural disasters, and bodily injuries that occur on your rented property. This can include damage to your furniture, clothing, and electronic devices, in addition to injury to people who may visit your home. 

Additional Coverage

Renters insurance can be quite expensive. It can also cover your stay at a hotel if your home is uninhabitable for a period of time. Coverage for court costs and other legal issues can be covered as well. It’s best to choose coverage amounts that are compatible with the value of what you currently own. 

Talk to an Agent

When in doubt, ask. It’s best to get your guidance from one of our Dern & Company team members who can provide precise information for any and all of your questions. Give us a call with your questions. We’re here to educate and answer your questions as well as guide your decision-making process when it comes to renters insurance. One of our agents can discuss the benefits of certain coverage to help you decide what you need and don’t need. We can also talk about additional coverage that may protect you in other ways as well. Renters insurance protects your belongings and valuables both in your home and away from your home.