Types of home insurance

When you buy or rent an abode new to you in Columbia, SC, Higgins & Halloran wants you to understand that you’ll need home insurance and the appropriate type for your home at that. 

Types of home insurance

Home insurance refers to a broad category of insurance that protects any type of home. Homeowners’ insurance refers to a specific type of home insurance that provides protection for a single-family home you own. If you buy a condo, you’ll need condo insurance, etc. Read on for a quick guide to the eight types of home policies available.

  • HO-1: referred to as dwelling insurance, homeowners who have made excessive claims to prior home policies can only qualify for this coverage that provides essential single-family home coverage for ten major perils,
  • HO-2: another single-family home insurance policy covering a few more perils than dwelling policies,
  • HO-3: the policy that most homeowners purchase, which covers 16 named perils,
  • HO-4: renter’s insurance, which covers the renter’s liability and their personal property,
  • HO-5: the most comprehensive policy for a single-family home, providing all perils coverage,
  • HO-6: condo insurance that provides coverage for named perils, walls-in liability coverage, and covers personal property damage.
  • HO-7: a policy that covers your liability and personal property damage if you purchase an RV, mobile, or manufactured home to reside in,
  • HO-8: a historic home policy that provides named-peril coverage for a home of 100 years of age or older; this policy type also covers architecturally significant homes. 

When you buy or rent a home in Columbia, SC, you need to protect your investment. Contact Higgins & Halloran to learn more about home insurance and protecting your new home.

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When you buy or rent an abode new to you in Columbia, SC, Higgins & Halloran wants you to understand that you’ll need home insurance and the appropriate type for your home at that. 

Types of home insurance

Home insurance refers to a broad category of insurance that protects any type of home. Homeowners’ insurance refers to a specific type of home insurance that provides protection for a single-family home you own. If you buy a condo, you’ll need condo insurance, etc. Read on for a quick guide to the eight types of home policies available.

  • HO-1: referred to as dwelling insurance, homeowners who have made excessive claims to prior home policies can only qualify for this coverage that provides essential single-family home coverage for ten major perils,
  • HO-2: another single-family home insurance policy covering a few more perils than dwelling policies,
  • HO-3: the policy that most homeowners purchase, which covers 16 named perils,
  • HO-4: renter’s insurance, which covers the renter’s liability and their personal property,
  • HO-5: the most comprehensive policy for a single-family home, providing all perils coverage,
  • HO-6: condo insurance that provides coverage for named perils, walls-in liability coverage, and covers personal property damage.
  • HO-7: a policy that covers your liability and personal property damage if you purchase an RV, mobile, or manufactured home to reside in,
  • HO-8: a historic home policy that provides named-peril coverage for a home of 100 years of age or older; this policy type also covers architecturally significant homes. 

When you buy or rent a home in Columbia, SC, you need to protect your investment. Contact Higgins & Halloran to learn more about home insurance and protecting your new home.

When should you review your life insurance coverage

Life insurance is not the sort of insurance that is one and done. The amount and type of life insurance you require when you are 20 is probably not the same as what you need when you are 40 or 60. It is important that you review it from time to time to make sure that what you have matches up with what you need. At Higgins & Halloran in Columbia, SC, we share our years of experience with our customers to help them make educated decisions when it comes to life insurance. 

When to review your life insurance coverage

Changing jobs

Many people get life insurance through their employers. While this is a great benefit, it should not be your primary life insurance coverage. When you change employers, you may not be able to take your life insurance with you and even if you are able, it may not be a good financial decision. 

Buying a house

When you buy a home, you now have a mortgage. You need to make sure that you have enough life insurance to cover what you owe if anything should happen to you. You don’t want to leave your loved ones with a liability. 

Getting married

When you get married you need to review your life insurance. The first thing to do is to change your beneficiary to your new spouse. It is also a good time to review the amount of life insurance that you have. 

Having children

Having children probably causes the most need to review your life insurance. Providing for your children until they are adults is a huge responsibility and requires a lot more life insurance than probably any other time in your life. 

Contact Higgins & Halloran in Columbia, SC when you need to review your life insurance. 

 

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Life insurance is not the sort of insurance that is one and done. The amount and type of life insurance you require when you are 20 is probably not the same as what you need when you are 40 or 60. It is important that you review it from time to time to make sure that what you have matches up with what you need. At Higgins & Halloran in Columbia, SC, we share our years of experience with our customers to help them make educated decisions when it comes to life insurance. 

When to review your life insurance coverage

Changing jobs

Many people get life insurance through their employers. While this is a great benefit, it should not be your primary life insurance coverage. When you change employers, you may not be able to take your life insurance with you and even if you are able, it may not be a good financial decision. 

Buying a house

When you buy a home, you now have a mortgage. You need to make sure that you have enough life insurance to cover what you owe if anything should happen to you. You don’t want to leave your loved ones with a liability. 

Getting married

When you get married you need to review your life insurance. The first thing to do is to change your beneficiary to your new spouse. It is also a good time to review the amount of life insurance that you have. 

Having children

Having children probably causes the most need to review your life insurance. Providing for your children until they are adults is a huge responsibility and requires a lot more life insurance than probably any other time in your life. 

Contact Higgins & Halloran in Columbia, SC when you need to review your life insurance. 

 

Auto insurance FAQs

Most states require that you have auto insurance to get a vehicle registered or to drive in the state. Making sure that you have the mandated insurance is important. You count on your insurance agent to make sure your coverage is what it is supposed to be. At Higgins & Halloran in Columbia, SC, you can count on us to get to know you and get you the best policy at a fair price. 

How much liability coverage do you need? 

In South Carolina, the minimum amount that you are required to have is 25/50/25. That translates to $25,000 for one person for bodily injury with all those injured in an accident topping out at $50,000. The additional $25,000 is for property damage. If you are worth a lot more than that, you should consider having more coverage. In the event you are sued for pain and suffering as well as medical bills, the amount could go a lot higher than $25,000. The amount you need should be customized to your needs. 

Can adult children remain on a family policy?

A lot depends on your insurance company. If your adult children are college students who live away from home for most of the year but come home for the summer and have not permanently changed their address, then yes, most insurance companies allow them to remain on the policy. If your adult child still lives at home, as many do these days, then for the most part they are also able to stay on the policy. But if they are married and living down the street or not married and in their own place, no, they should not be on your policy, they should have their own insurance. 

Contact Higgins & Halloran in Columbia, SC when you have auto insurance questions or want to discuss auto coverage.

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Most states require that you have auto insurance to get a vehicle registered or to drive in the state. Making sure that you have the mandated insurance is important. You count on your insurance agent to make sure your coverage is what it is supposed to be. At Higgins & Halloran in Columbia, SC, you can count on us to get to know you and get you the best policy at a fair price. 

How much liability coverage do you need? 

In South Carolina, the minimum amount that you are required to have is 25/50/25. That translates to $25,000 for one person for bodily injury with all those injured in an accident topping out at $50,000. The additional $25,000 is for property damage. If you are worth a lot more than that, you should consider having more coverage. In the event you are sued for pain and suffering as well as medical bills, the amount could go a lot higher than $25,000. The amount you need should be customized to your needs. 

Can adult children remain on a family policy?

A lot depends on your insurance company. If your adult children are college students who live away from home for most of the year but come home for the summer and have not permanently changed their address, then yes, most insurance companies allow them to remain on the policy. If your adult child still lives at home, as many do these days, then for the most part they are also able to stay on the policy. But if they are married and living down the street or not married and in their own place, no, they should not be on your policy, they should have their own insurance. 

Contact Higgins & Halloran in Columbia, SC when you have auto insurance questions or want to discuss auto coverage.

What Is Umbrella Insurance?

Umbrella insurance is a unique type of coverage that adds coverage onto certain other insurance policies that you have. It works with your home and auto policies to expand the amount of coverage that you have. If you have both home and auto policies, you may believe that you are well-protected. However, you may not have much coverage in some areas. That’s why people are getting umbrella insurance to supplement the coverage they have. If you are interested in one of these policies, give us a call at Higgins & Halloran in Columbia, SC.

Liability Coverage

In your home and auto policies, there is liability coverage for each of them. However, it may not be much coverage. Many policies come with very little liability coverage, and this may not pay for a serious accident. Getting umbrella insurance is a great way to add more liability coverage to the policies that you already have. An umbrella policy adds an extra layer of protection onto the liability coverage in your home and auto policies to better protect you financially in case of accidents in your vehicle or home. 

How Umbrella Insurance Works

When an accident occurs and you have an umbrella policy, there are two different insurance policies that will pay for the accident. Whether it’s an accident in your vehicle or your home, when a third party gets injured, and it’s judged to be your fault, you will be liable for the medical bills that come next. First, your auto or home policy comes in and pays up to its maximum. Then, your umbrella policy steps in to pay what is leftover. Umbrella policies are reasonably priced and have very high maximums so that you are well-covered. 

Get Your Umbrella Policy

If you have a home and an auto insurance policy, you would likely be better protected with an umbrella policy as well. If you are interested in one of these policies, call us at Higgins & Halloran in Columbia, SC.

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Umbrella insurance is a unique type of coverage that adds coverage onto certain other insurance policies that you have. It works with your home and auto policies to expand the amount of coverage that you have. If you have both home and auto policies, you may believe that you are well-protected. However, you may not have much coverage in some areas. That’s why people are getting umbrella insurance to supplement the coverage they have. If you are interested in one of these policies, give us a call at Higgins & Halloran in Columbia, SC.

Liability Coverage

In your home and auto policies, there is liability coverage for each of them. However, it may not be much coverage. Many policies come with very little liability coverage, and this may not pay for a serious accident. Getting umbrella insurance is a great way to add more liability coverage to the policies that you already have. An umbrella policy adds an extra layer of protection onto the liability coverage in your home and auto policies to better protect you financially in case of accidents in your vehicle or home. 

How Umbrella Insurance Works

When an accident occurs and you have an umbrella policy, there are two different insurance policies that will pay for the accident. Whether it’s an accident in your vehicle or your home, when a third party gets injured, and it’s judged to be your fault, you will be liable for the medical bills that come next. First, your auto or home policy comes in and pays up to its maximum. Then, your umbrella policy steps in to pay what is leftover. Umbrella policies are reasonably priced and have very high maximums so that you are well-covered. 

Get Your Umbrella Policy

If you have a home and an auto insurance policy, you would likely be better protected with an umbrella policy as well. If you are interested in one of these policies, call us at Higgins & Halloran in Columbia, SC.

Does auto insurance cover a rental car?

As more and more people head off on their long-delayed vacations, the subject of rental cars comes up more and more. When you sign on to a rental car company online, which is how everyone books these days, you will be asked a lot of questions and many of them will be about insurance. At Higgins & Halloran in Columbia, SC, we are family-owned independent insurance agents who can offer their customers more choices when it comes to insurance coverage. 

In South Carolina, drivers are required to have liability coverage. This is also required when you rent a vehicle. If you are comfortable with the amount of liability insurance coverage that you have on your vehicle, then it should be adequate for a rental vehicle. More than that, however, you need to have insurance to cover damage you may do to the vehicle that you are renting. 

If you have a car loan or are leasing a vehicle, then you have collision and comprehensive coverage. It is required by the lessor or lender. If your vehicle is relatively new, you should have enough coverage to satisfy the rental company. If you are in doubt, give your insurance agent a call and ask if you have enough coverage. 

The rental car company will offer you other types of insurance which you also don’t need, just refuse everything. But if you don’t have full coverage on your vehicle or if you can afford it and just don’t want any accidents to end up on your auto insurance and potentially cause a rise in your premium, you can opt to take the collision damage waiver which the rental car company will offer you. It does offer a lot of peace of mind. 

Contact Higgins & Halloran in Columbia, SC with any questions you have about your auto insurance coverage. 

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As more and more people head off on their long-delayed vacations, the subject of rental cars comes up more and more. When you sign on to a rental car company online, which is how everyone books these days, you will be asked a lot of questions and many of them will be about insurance. At Higgins & Halloran in Columbia, SC, we are family-owned independent insurance agents who can offer their customers more choices when it comes to insurance coverage. 

In South Carolina, drivers are required to have liability coverage. This is also required when you rent a vehicle. If you are comfortable with the amount of liability insurance coverage that you have on your vehicle, then it should be adequate for a rental vehicle. More than that, however, you need to have insurance to cover damage you may do to the vehicle that you are renting. 

If you have a car loan or are leasing a vehicle, then you have collision and comprehensive coverage. It is required by the lessor or lender. If your vehicle is relatively new, you should have enough coverage to satisfy the rental company. If you are in doubt, give your insurance agent a call and ask if you have enough coverage. 

The rental car company will offer you other types of insurance which you also don’t need, just refuse everything. But if you don’t have full coverage on your vehicle or if you can afford it and just don’t want any accidents to end up on your auto insurance and potentially cause a rise in your premium, you can opt to take the collision damage waiver which the rental car company will offer you. It does offer a lot of peace of mind. 

Contact Higgins & Halloran in Columbia, SC with any questions you have about your auto insurance coverage. 

Commercial Insurance Guide for Columbia, SC Small Business Owners

Starting your own business is a fantastic way to make money while forging your own path in the world with your skills and talents. It’s not without its risks, though, which is why most businesses elect to buy commercial insurance to cover those vulnerabilities. If you’re thinking about opening your doors to commerce, you will have to decide what types of coverage you will need.

You will need insurance that covers both your business’s property and your business’s liability.

Property coverage is for the physical assets that your company owns or has in its possession through the course of doing business. The policy will list the causes of damage that are covered by it, including examples like fire and theft.

Liability coverage is for damage that your business causes to others while doing business, such as a restaurant serving the wrong order to a customer and causing an allergic reaction. In Columbia, SC, and the rest of the state, you have some legal obligation to purchase liability insurance depending on your business’s operations. While not required if you’re starting on a one-person venture, workers’ compensation is a required form of liability insurance once you employ multiple people who might get injured while working for you. If your company uses automobiles as part of the job, commercial auto insurance is mandatory.

Most providers offer a packaged policy that has both property coverage and liability coverage included with covered perils that work for a wide variety of businesses. Like personal insurance, the particulars of your business will influence your premium, deductible, liability limits, and other factors in any policy.

To get more information about commercial insurance, call or email us at Higgins & Halloran.

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Starting your own business is a fantastic way to make money while forging your own path in the world with your skills and talents. It’s not without its risks, though, which is why most businesses elect to buy commercial insurance to cover those vulnerabilities. If you’re thinking about opening your doors to commerce, you will have to decide what types of coverage you will need.

You will need insurance that covers both your business’s property and your business’s liability.

Property coverage is for the physical assets that your company owns or has in its possession through the course of doing business. The policy will list the causes of damage that are covered by it, including examples like fire and theft.

Liability coverage is for damage that your business causes to others while doing business, such as a restaurant serving the wrong order to a customer and causing an allergic reaction. In Columbia, SC, and the rest of the state, you have some legal obligation to purchase liability insurance depending on your business’s operations. While not required if you’re starting on a one-person venture, workers’ compensation is a required form of liability insurance once you employ multiple people who might get injured while working for you. If your company uses automobiles as part of the job, commercial auto insurance is mandatory.

Most providers offer a packaged policy that has both property coverage and liability coverage included with covered perils that work for a wide variety of businesses. Like personal insurance, the particulars of your business will influence your premium, deductible, liability limits, and other factors in any policy.

To get more information about commercial insurance, call or email us at Higgins & Halloran.

Demystifying Common Home Insurance Myths

When shopping for home insurance in Columbia, SC, you are likely to come across numerous pieces of information — and truthfully, not all of that info is entirely true. Like most topics, myths have crept into home insurance, making it challenging for homeowners to make an informed choice when purchasing this coverage. 

With this in mind, Higgins & Halloran is here to set the record straight by debunking common home insurance myths. 

Myth#1: Home insurance all risks

While your home insurance shields you and your home against numerous perils, it has exclusions. Typical home insurance is likely to exclude the below risks:

  • Floods
  • Earthquakes
  • Pest and mold infestation
  • Regular wear and tear
  • Government actions
  • Sewer backup
  • Intentional damage

However, the good thing is that you can boost your home insurance coverage with add-ons (endorsements) for some risks excluded.

Myth#2: Home insurance covers your assets only

Another half-truth. Whereas home insurance covers your building and its contents, this coverage is broader than this. Home insurance provides liability protection when accused by others of property damage and bodily injury. Besides, home insurance covers you when a covered peril destroys your home, becoming unlivable. In this case, home insurance pays for expenses beyond your everyday living expenses.

Myth#3: Home insurance is required by law

Home insurance isn’t required by law in any of the American states. However, if your house is under a mortgage, your lender may require you to purchase basic home insurance. 

Myth#4: Home insurance is expensive

This notion is common with persons discouraging you from investing in home insurance — but it’s a lie. While home insurance doesn’t come free, the cost isn’t as exaggerated as some folks put it out there. Although the cost of home insurance varies, most of the time, it’s manageable. And a better way to view it is considering the amount of loss that home insurance saves you when perils strike.

Learn more about home insurance

Need more information about home insurance? You are on the right page. Please get in touch with Higgins & Halloran of Columbia, SC, and one of our agents will answer queries you might have.

Read More

When shopping for home insurance in Columbia, SC, you are likely to come across numerous pieces of information — and truthfully, not all of that info is entirely true. Like most topics, myths have crept into home insurance, making it challenging for homeowners to make an informed choice when purchasing this coverage. 

With this in mind, Higgins & Halloran is here to set the record straight by debunking common home insurance myths. 

Myth#1: Home insurance all risks

While your home insurance shields you and your home against numerous perils, it has exclusions. Typical home insurance is likely to exclude the below risks:

  • Floods
  • Earthquakes
  • Pest and mold infestation
  • Regular wear and tear
  • Government actions
  • Sewer backup
  • Intentional damage

However, the good thing is that you can boost your home insurance coverage with add-ons (endorsements) for some risks excluded.

Myth#2: Home insurance covers your assets only

Another half-truth. Whereas home insurance covers your building and its contents, this coverage is broader than this. Home insurance provides liability protection when accused by others of property damage and bodily injury. Besides, home insurance covers you when a covered peril destroys your home, becoming unlivable. In this case, home insurance pays for expenses beyond your everyday living expenses.

Myth#3: Home insurance is required by law

Home insurance isn’t required by law in any of the American states. However, if your house is under a mortgage, your lender may require you to purchase basic home insurance. 

Myth#4: Home insurance is expensive

This notion is common with persons discouraging you from investing in home insurance — but it’s a lie. While home insurance doesn’t come free, the cost isn’t as exaggerated as some folks put it out there. Although the cost of home insurance varies, most of the time, it’s manageable. And a better way to view it is considering the amount of loss that home insurance saves you when perils strike.

Learn more about home insurance

Need more information about home insurance? You are on the right page. Please get in touch with Higgins & Halloran of Columbia, SC, and one of our agents will answer queries you might have.

How much life insurance is enough?

When it comes to how much life insurance is enough, only you can answer that question. You may not have any idea how to come up with that figure, and that is why you need to have an independent insurance agent like those at Higgins & Halloran in Columbia, SC. An experienced agent has the information you need about life insurance; the types and the amount that makes sense for you in your current situation. 

Life insurance is something that it is never too early to think about. When you are young, the rates are the lowest they probably ever will be, and getting at least a start on your lifelong plan makes sense. Life insurance is a lifelong part of your financial planning. 

When you are figuring how much life insurance is enough, you should not include the insurance you get from your employer in your overall plan. It is a bonus not part of the primary coverage you need. You can’t guarantee that you will have the coverage when it is needed since most jobs don’t last a lifetime, and it might not be transferable. 

When you are in the prime years of your life, it is the welfare of your children if anything should happen to you that is the main motivator for the amount of life insurance you need.  Term life insurance has a term of between 20-30 years and as a parent, you will likely need all of that. Your income is the main factor in determining how much your family might need to survive without you while your children are young. Ten years of your income may or may not be enough, but it is a goal to shoot for.  

If you are ready to discuss your life insurance requirements, Higgins & Halloran of Columbia, SC is here to help. 

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When it comes to how much life insurance is enough, only you can answer that question. You may not have any idea how to come up with that figure, and that is why you need to have an independent insurance agent like those at Higgins & Halloran in Columbia, SC. An experienced agent has the information you need about life insurance; the types and the amount that makes sense for you in your current situation. 

Life insurance is something that it is never too early to think about. When you are young, the rates are the lowest they probably ever will be, and getting at least a start on your lifelong plan makes sense. Life insurance is a lifelong part of your financial planning. 

When you are figuring how much life insurance is enough, you should not include the insurance you get from your employer in your overall plan. It is a bonus not part of the primary coverage you need. You can’t guarantee that you will have the coverage when it is needed since most jobs don’t last a lifetime, and it might not be transferable. 

When you are in the prime years of your life, it is the welfare of your children if anything should happen to you that is the main motivator for the amount of life insurance you need.  Term life insurance has a term of between 20-30 years and as a parent, you will likely need all of that. Your income is the main factor in determining how much your family might need to survive without you while your children are young. Ten years of your income may or may not be enough, but it is a goal to shoot for.  

If you are ready to discuss your life insurance requirements, Higgins & Halloran of Columbia, SC is here to help. 

What are the auto insurance requirements in South Carolina?

With 41,000 miles of state-maintained roads, you can really enjoy your driving adventure in South Carolina. From the Appalachian Mountains in the west to the Atlantic Ocean in the east, there is a lot to see and enjoy in the Low Country. South Carolina like most states has mandated auto insurance. This is the insurance all drivers must have if they plan to take to the roads in the Palmetto State.  At Higgins & Halloran in Columbia, SC, we are a family-owned small business that provides the personal service our customers have come to expect. 

The mandated amount of auto insurance is 25/50/25.  This is $25,000 for the first motorist injured and a total for an accident of $50,000 no matter how many people are injured. The property damage requirement is $25,000.  You are also required to carry uninsured motorist coverage that is equal to the liability coverage. This protects your health from hit-and-run and uninsured motorists and usually has a $200 deductible. 

If you are leasing a vehicle or have an auto loan, you will also be required to carry insurance that protects the vehicle. This is collision and comprehensive coverage. These coverages also come with a deductible. 

For the rest of the residents, you can choose to go with just the basic liability coverage, or you can customize your policy to give you what you think is the correct coverage for your particular needs. If your vehicle is worth more than a few hundred dollars, and you count on it to go about your normal everyday life, having collision and comprehensive makes sense. Total glass coverage is something pretty much everyone needs. You can also opt for roadside assistance coverage and rental car reimbursement.  

If you have additional questions about auto insurance contact Higgins & Halloran in Columbia, SC. 

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With 41,000 miles of state-maintained roads, you can really enjoy your driving adventure in South Carolina. From the Appalachian Mountains in the west to the Atlantic Ocean in the east, there is a lot to see and enjoy in the Low Country. South Carolina like most states has mandated auto insurance. This is the insurance all drivers must have if they plan to take to the roads in the Palmetto State.  At Higgins & Halloran in Columbia, SC, we are a family-owned small business that provides the personal service our customers have come to expect. 

The mandated amount of auto insurance is 25/50/25.  This is $25,000 for the first motorist injured and a total for an accident of $50,000 no matter how many people are injured. The property damage requirement is $25,000.  You are also required to carry uninsured motorist coverage that is equal to the liability coverage. This protects your health from hit-and-run and uninsured motorists and usually has a $200 deductible. 

If you are leasing a vehicle or have an auto loan, you will also be required to carry insurance that protects the vehicle. This is collision and comprehensive coverage. These coverages also come with a deductible. 

For the rest of the residents, you can choose to go with just the basic liability coverage, or you can customize your policy to give you what you think is the correct coverage for your particular needs. If your vehicle is worth more than a few hundred dollars, and you count on it to go about your normal everyday life, having collision and comprehensive makes sense. Total glass coverage is something pretty much everyone needs. You can also opt for roadside assistance coverage and rental car reimbursement.  

If you have additional questions about auto insurance contact Higgins & Halloran in Columbia, SC. 

What Liabilities Are Covered Under South Carolina Commercial Insurance?

When you own or operate a business in South Carolina, you need commercial insurance to cover you in the event of risks. There are a lot of different types of South Carolina commercial insurance available. If you are only getting some minimum coverages, the most common kind of commercial insurance to get is liability insurance.

At Higgins & Halloran, we help Columbia, SC business owners and operators to design the commercial insurance policy that they need. We want you to know what liabilities you could face as a business owner, and we want you to be covered through them.

Bodily Injury 

A bodily injury claim will occur when a third party sustains an injury on your property.  This could be a slip and fall, an accident, or any problem that results in a medical cost or claim to a customer or third party. Bodily injury coverage will cover medical expenses and sometimes lost wages to those that sustain an accident on your commercial property.

Property Damage Liability

Property damage liability is a liability that occurs when something you or someone at your business does, damages another person’s property. You might for example have an accident that damages someone else’s car while you are working, or damage occurs to another business unit in your building because of something that you did. This coverage on your commercial insurance policy could save you thousands in expenses after an accident.

Product Liability Coverage

If you provide a product or service to somebody and your product creates an accident or damage to their lives or business, you would be held liable. If you have product liability insurance, you would be covered for those expenses and losses.

These damages could be considerable. If you provide a product, and it breaks on someone while they are driving, while they are holding a hot beverage, as they are walking upstairs, the costs will be high.

If there is any chance that you could have this problem, get liability coverage.

Get a Quote

When you run a business in South Carolina, there are an infinite number of liabilities that could occur. At Higgins & Halloran, we want Columbia, SC business owners to be covered for every liability. Call us today for a quote, and we’ll help you review your policy today.

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When you own or operate a business in South Carolina, you need commercial insurance to cover you in the event of risks. There are a lot of different types of South Carolina commercial insurance available. If you are only getting some minimum coverages, the most common kind of commercial insurance to get is liability insurance.

At Higgins & Halloran, we help Columbia, SC business owners and operators to design the commercial insurance policy that they need. We want you to know what liabilities you could face as a business owner, and we want you to be covered through them.

Bodily Injury 

A bodily injury claim will occur when a third party sustains an injury on your property.  This could be a slip and fall, an accident, or any problem that results in a medical cost or claim to a customer or third party. Bodily injury coverage will cover medical expenses and sometimes lost wages to those that sustain an accident on your commercial property.

Property Damage Liability

Property damage liability is a liability that occurs when something you or someone at your business does, damages another person’s property. You might for example have an accident that damages someone else’s car while you are working, or damage occurs to another business unit in your building because of something that you did. This coverage on your commercial insurance policy could save you thousands in expenses after an accident.

Product Liability Coverage

If you provide a product or service to somebody and your product creates an accident or damage to their lives or business, you would be held liable. If you have product liability insurance, you would be covered for those expenses and losses.

These damages could be considerable. If you provide a product, and it breaks on someone while they are driving, while they are holding a hot beverage, as they are walking upstairs, the costs will be high.

If there is any chance that you could have this problem, get liability coverage.

Get a Quote

When you run a business in South Carolina, there are an infinite number of liabilities that could occur. At Higgins & Halloran, we want Columbia, SC business owners to be covered for every liability. Call us today for a quote, and we’ll help you review your policy today.