LG Insurance Agency Blog

Risk tolerance is a term that is often used when it comes to topics like investment portfolios and business transactions- but it has a very specific meaning as it relates to insurance. So what does risk tolerance refer to when you’re talking about insurance? What is...

As a professional, what kinds of insurance do you really need? Will a general liability policy be enough to protect you and by extension your business in the event of some kind of unfortunate or unforeseen scenario? Accountants, insurance agents, attorneys, any kind...

Professionals need insurance to protect themselves and their business in a variety of scenarios and from a broad range of concerns or potential liabilities- that much we know. However, while insurance is a necessary cost of doing business, how will you know that...

It’s a question often asked of insurance professionals, particularly here in New Jersey. Should personal injury protection, more commonly known as PIP, be primary or secondary insurance? To begin with, it’s important to understand exactly what Personal Injury...

Government Shutdowns, Capacity Limitations, and Business Insurance As business owners attempt to navigate the current uncertainties brought on by the COVID-19 pandemic, it may be easy to feel a bit overwhelmed. With impacts on businesses caused by state and local...

If you own a home, or property, you are likely aware that there are insurance policies you’ll need to purchase and put in place to protect those investments. Homeowners know they’ll need homeowners insurance in the event of a disaster or liability issue. But what if...

Does your business manufacture, sell, or serve food products? If so, then your business is at risk for becoming the target of a food contamination or foodborne illness claim. Restaurants, bakeries, grocery stores, food processors, manufacturers, takeout businesses,...

Businesses and private properties have a variety of liability concerns that they need to insure themselves against, but in some cases, a scenario that seems highly unlikely can prove to be a more than unfortunate set of circumstances should you not take the necessary...

You’ve had a pipe burst in your home, causing extensive water damage, and now you need to make a claim. Are you covered? You could be- but then again, it’s possible that you’re not. Let’s take a look at which kinds of burst pipe claims are typically covered, which are...

Business Interruption insurance, or BI, is a fundamental component of any comprehensive insurance policies business owners purchase to protect themselves in the event of catastrophe. As businesses across the United States struggle with the impacts of the COVID-19...