Written by: Lindsey Lessard, Vice President of NEXO Insurance, Broker Representative for Alternative Balance Business Income and Extra Expense (“BI&EE”) coverage is an incredibly valuable part of your Alternative Balance property insurance policy, especially if your work is impacted by an unexpected event. But while this coverage is designed to help you recover lost income

Written by: Lindsey Lessard, Vice President of NEXO Insurance, Broker Representative for Alternative Balance Water Damage 101: Covered or Not? Water damage is one of the most common claims for small business owners, but not all water-related events are treated equally in your insurance policy. As a member of the Alternative Balance insurance program, here’s

Written by: Lindsey Lessard, Vice President of NEXO Insurance, Broker Representative for Alternative Balance Expanding your business by offering multiple services or diversifying operations is a smart way to attract more customers and boost your bottom line. But with greater opportunity comes new risks. That’s where the right commercial insurance steps in—providing tailored protection that

Written by: Lindsey Lessard, Director of Client Services, Broker Representative for Alternative Balance When it comes to protecting your business with insurance, understanding the type of policy you have is just as important as having coverage in the first place. If you’ve ever come across the terms Claims-made and Occurrence when searching through insurance options

Written by: Lindsey Lessard, Director of Client Services, Broker Representative for Alternative Balance   Did you know that Alternative Balance offers insurance coverage through a unique setup called a Risk Purchasing Group (RPG)? Think of it as a team effort where like-minded professionals band together to secure specialized liability insurance as a group. RPGs, established

Written by: Miriam Ball, Chief Insurance Officer, Alternative Balance As a fitness professional, your mission is to inspire, motivate, and transform lives. But along with the rewards of working in the fitness industry comes a very real responsibility: managing liability risk. Every interaction with a client—whether it’s spotting a weightlifter, recommending a stretching routine, or

Written by: Lindsey Lessard, Director of Client Services, Broker Representative for Alternative Balance Have you ever heard the phrase “third-party liability insurance” and wondered what it meant? Well, we are here to make this common insurance phrase simple. So what exactly is third-party liability insurance, and why is it so crucial? Understanding Third-Party Liability Insurance

Written by: Lindsey Lessard, Director of Client Services, Broker Representative for Alternative Balance Think of property insurance as your business’s own superhero—ready to swoop in and save the day when disaster strikes. It’s your financial shield against unexpected damage and loss, making sure you can bounce back and rebuild no matter what life throws your

Written by: Lindsey Lessard, Director of Client Services, Broker Representative for Alternative Balance  In today’s dynamic and competitive marketplace, being self-employed comes with a range of benefits, including autonomy, flexible working hours, and the potential for higher earnings. However, it also comes with its own set of risks. One of the most significant risks that