• Skip to primary navigation
  • Skip to main content
  • Skip to footer
Cox Insurance

Cox Insurance

A Better Way to Be Insured

  • Home
  • About
    • About the Agency
    • Our Team
    • Cox Community
  • Insurance Coverages
    • Personal Insurance
    • Business Insurance
    • Insurance Partners
  • Resources
    • Workshops
    • Career Opportunities
    • Resource Library
    • News
  • Contact
    • Connect with Us
    • Request a Review
    • Client Login

admin

General Liability vs Professional Liability

July 11, 2019

Understanding how General Liability and Professional Liability insurance coverages compare and contrast will help you make the best decisions to protect your business. You may find you need both policies to be properly covered.

What is General Liability insurance?

General Liability insurance covers your business from some common lawsuits, including:

  • Bodily injuries that incurred on your commercial premises or while you were at a third-party site
  • Damage you caused at a third-party property
  • Advertising injuries (e.g. slander, libel, misappropriation, and copyright infringement)
  • Coverage for claims arising out of client products and completed operations as it relates to a third party bodily injury or property damage

General Liability insurance pays for your legal expenses including lawyers’ fees, court costs, and settlements or judgments.

Any business owner, no matter their industry or the size of their business, can face these claims. 

What is Professional Liability insurance?

Professional Liability insurance is sometimes referred to as “Errors and Omissions Insurance”

Professional Liability Insurance focuses specifically on lawsuits that allege a business:

  • Provided negligent professional services
  • Made mistakes or omissions

This coverage is especially important for service providers, but many businesses can benefit from the added coverage.

The insurance carrier has a duty to defend even in the case of a frivolous lawsuit

KEY TAKEAWAYS

  • Both policies cover certain liabilities, but they don’t cover the same liabilities
  • As a rule of thumb, General Liability covers physical damages and Professional Liability covers financial losses
  • Either policy may be required by client contracts

NEXT STEPS

  • Contact your Cox Insurance commercial team to discuss your options and coverage limits for General Liability and Professional Liability insurance.

Cox Insurance provides Home, Auto, Liability and Commercial insurance that exceeds expectations. For a personalized quote, please contact us here.

Filed Under: Resource Library

Back to the 50’s Event

June 19, 2019

Join us for a festive gathering during the MSRA Back to the 50’s event – the largest car show in the Midwest!

June 22, 2019

12:00 – 4:00 p.m.
Rain or shine.

Cox Insurance Building: 
1639 Larpenteur Ave W
St. Paul MN 55113

Enjoy classic cars on parade:
There will be 12,000 classic cars at the Fairgrounds and many of them cruise by our building.

Open house, bring your family and friends!

  • Street Food
  • Beverages
  • Kids Activities
  • Dog-Friendly

Click here to RSVP »

Filed Under: Events

Business Income Coverage

June 7, 2019

Business Income coverage (or Business Interruption coverage) provides protection against financial losses that are sustained while a business is unable to operate because of property damages.

What you should know

  • Business Income coverage is a type of property insurance that is triggered by a direct physical loss of or damage to property by a covered cause of loss.
  • A communicable disease (like COVID-19) may not be covered without a physical loss of or damage to property.
  • Civil Authority coverage is a related property insurance that applies to situations where access to an insured’s property is prevented or prohibited by an order of civil authority because of physical damage.
  • “Business Income” is defined as the net income plus the normal continuing operating expenses of a business.
  • The “period of restoration” begins when a business is forced to suspend its operations because of damages and ends when the covered damages are (or reasonably could have been) repaired.
  • Business Income coverage is different from property insurance in that property insurance only covers the physical damage to the business (not profits or payroll).
  • The cost for coverage is determined by: the business size, coverage limit, and the risk of natural disasters in the area where the business is located.

Coverage Information

  • Common reasons for Business Income claims include fires, tornadoes, explosions, industrial accidents, chemical/hazardous material spills and other natural or loss scenarios. 
  • Business Income coverage typically WILL provide coverage for:
    • Lost income
    • Normal operating expenses that need to continue
    • Moving or temporary location fees
    • Payroll
  • Business Income coverage typically WILL NOT provide coverage for:
    • Utilities
    • Income that isn’t documented
    • Losses from partial closures
    • Closures from downed power lines
  • Business income from a cyber incident is covered by a specific cyber business income policy

NEXT STEPS

  • Have a business continuity plan. How will your business endure a catastrophic loss?  Use our Business Income Expense Worksheet to plan ahead. 
  • Contact your Cox Insurance commercial team to confirm that your package policy includes Business Income coverage or discuss your options for adding it.
  • If you think you have a claim, it is best to let the carrier to make an official ruling based on how your policy would respond in these circumstances. Please reach out to us for help in submitting it to the carrier.

Cox Insurance provides Home, Auto, Liability and Commercial insurance that exceeds expectations. For a personalized quote, please contact us here.

Filed Under: Resource Library

The Spotlight: Summer 2019

June 1, 2019

 

Filed Under: Spotlight

Spring Flooding & Insurance

March 14, 2019

With the combination of warm weather, a heavy snowpack, and recent rainfall, we are encountering numerous client concerns around flooding. Where is all this water is going to go?!

What you should know

When snow melts and the frozen ground thaws, water can find its way into your home causing various levels of damage.

Insurance Coverage

Insurance coverage is determined by how the water enters your home. The three most common ways are:

  1. Surface water – Water that collects on the surface of the ground and enters your home through a window, door, or other opening. 
    Surface water situations are typically not covered by insurance unless you have purchased a flood insurance policy.
  2. Foundation seepage – Water that  infiltrates your home through hydrostatic pressure/seepage of water through the foundation or walls.
    Foundation seepage situations are typically not covered by insurance.
  3. Water backup – Water enters your home through a line/drain or a drain tile system. This may include a sewer line or sump pump backup or failure.
    Water backup situations are typically covered by insurance, but are potentially dependent on if you have a sump system and subject to your policy’s water sewer back up limit.

Insurance coverage is ALWAYS dependent on each individual situation. Coverage scenarios will vary by carrier and the conditions and specifics of each property. Individual carriers will determine if and what coverage is available.   

TAKE ACTION

Prevention is always the best defense! A few things you can do to potentially lessen the damage caused by spring flooding:

  • Shovel snow away from the foundation of your home.
  • Extend your downspouts as far away from your home as possible (make sure they are not frozen!).
  • Check your sump pump to make sure it is in good condition and ready for melting water.
  • Check your basement regularly for signs of water.
  • Move valuables off the floor of your basement or away from any potentially problematic areas.
  • Use fans or dehumidifiers to dry water damage as soon as possible.

If you have any questions or are experiencing significant problems, contact a trusted contractor or water removal company as soon as possible.

Questions?

We’re happy to help! Contact the Cox Insurance team with any questions. 


Cox Insurance provides Home, Auto, Liability and Commercial insurance that exceeds expectations. For a personalized quote, please contact us here.

Filed Under: Resource Library

Cox Insurance honored as Western National Circle of Excellence Agency

March 8, 2019

On March 7, 2019, Cox Insurance was announced as a Circle of Excellence agency by Western National Insurance.

The Western National Circle of Excellence recognition is announced annually to spotlight an elite group of partners who have excelled based on performance and growth over the past six years (2013 – 2018). An agency must also demonstrate that they meet high standards of professional excellence and integrity in order to be considered for this recognition.


Cox Insurance provides Home, Auto, Liability and Commercial insurance that exceeds expectations. For a personalized quote, please contact us here.

Filed Under: Company News

  • « Go to Previous Page
  • Page 1
  • Interim pages omitted …
  • Page 4
  • Page 5
  • Page 6
  • Page 7
  • Page 8
  • Page 9
  • Go to Next Page »

Footer

A BETTER WAY TO BE INSURED

1639 Larpenteur Ave W
Saint Paul, MN 55113
(651) 647-0001

Copyright © 2025     Privacy Policy