Do Sole Proprietors Need Commercial Insurance?

Posted on January 30, 2026January 12, 2026 by admin

Sole proprietorship makes the dream of self-employment a possibility for many people. It doesn’t require the same legal filing as an LLC or corporation, yet lets you function akin to a business. Although your sole proprietorship may not have to register with the state of Wisconsin, you may need to obtain local licenses or permits and register with the Department of Revenue.

Since being a sole proprietor essentially involves running a business, we at Senz Insurance Agency, Inc., recommend commercial insurance. There are, however, some nuances to consider.

Becoming a Sole Proprietor Doesn’t Provide Automatic Liability Protection

Becoming a sole proprietor doesn’t provide protection from an insurance standpoint. It’s more for administrative purposes than legal or insurance protections. Don’t rely on being a sole proprietor as a replacement for having insurance. You’ll still have risk exposure from your business, possibly more than you had prior to starting a business. That’s why you’ll need to make sure you’re protected beyond your personal insurance policies.

Limits of Personal Policies

Homeowners insurance (or renters insurance) provides protection for personal property and liability risks that you, as an individual, face. These policies offer little to no protection for business activities, including work as a sole proprietor. In fact, most policies exclude coverage for business operations. Homeowner’s policies typically include basic coverage for home businesses, but the limits are extremely low and only apply to inventory. Your business liability, including any unintentional damage you cause to others, isn’t covered at all. If someone sued you, you wouldn’t have coverage. You might also put your home or renters insurance policy in jeopardy for not declaring your home-based business.

The team at Senz Insurance Agency, Inc. can review your current insurance to see whether it’s sufficient or if you should expand your protection.

Get Commercial Insurance

Business owners policies (BOPs) offer bundled, affordable protection that is suitable for many businesses. Commercial package programs bundle multiple coverages to provide highly customized solutions tailored to specific business types.

There are multiple insurance companies offering these policy options to sole proprietors in Beloit, WI. Contact our team for assistance in comparing your options. One of our agents will gladly help you check coverages and rates, so you can find a policy that’ll protect you well when working.

What To Know About Employment Practices Liability Insurance (EPLI)

Posted on December 31, 2025December 12, 2025 by admin

Employment-related lawsuits can devastate businesses of any size. Even frivolous claims can cost thousands in legal fees and settlements. That’s where Employment Practices Liability Insurance becomes essential protection for your business. At Senz Insurance Agency, Inc., serving Beloit, WI, we help business owners understand how EPLI shields them from costly workplace-related legal battles.

What EPLI Actually Covers

This coverage protects against claims involving wrongful termination, discrimination, harassment, and retaliation. It also covers less obvious issues like failure to promote, wage and hour disputes, and workplace privacy violations. Don’t assume your general liability policy handles these situations. It won’t. Employment practices claims require specialized coverage that understands the complexities of workplace law.

Why Every Business Needs EPLI

You might think only large corporations face employment lawsuits, but that’s completely wrong. Small businesses are actually more vulnerable because they often lack dedicated HR departments and formal policies. A single discrimination claim can cost $50,000 to $200,000 in legal fees alone, even if you win. Most businesses can’t absorb that kind of financial hit without serious damage.

Key Policy Features to Consider

Look for coverage that includes defense costs, settlements, and judgments. Make sure the policy covers both current and former employees, and even job applicants in some cases. Third-party coverage is valuable too, protecting against claims from customers or vendors alleging harassment by your employees. Wage and hour coverage has become increasingly important as these lawsuits multiply.

Don’t wait for a lawsuit to realize you needed protection. Contact Senz Insurance Agency, Inc., serving Beloit, WI, today to discuss EPLI coverage and commercial insurance products that fits your business size and industry risks.

Do You Need Umbrella Insurance? How Can You Tell?

Posted on October 31, 2025October 24, 2025 by admin

If you have a lot of assets, you may be considering umbrella insurance for financial protection. The more you know about umbrella insurance, the easier it is for you to decide whether this is the right type of insurance for you.

The professionals at Senz Insurance Agency Inc., serving Beloit, WI, can help you make a choice. We work with many insurance carriers and can help you find a policy that meets your needs.

What Is Umbrella Insurance?

Umbrella insurance is a type of insurance that offers extended liability coverage. Umbrella insurance can extend liability coverage on an auto insurance policy, a home insurance policy, and other types of insurance. If you are sued for more than the liability coverage in your homeowners or auto insurance policy, umbrella insurance will kick in and offer additional coverage.

Who Needs Umbrella Insurance?

People who have many assets are often those who are most interested in umbrella insurance. If your assets are greater than the coverage amounts in your home and auto insurance policies, then you may be a good candidate for umbrella insurance.

People who are at higher risk of being sued may also be interested in umbrella insurance. For example, if you have a pool or a trampoline at home, then umbrella insurance may be a good option for you.

Shopping for Umbrella Insurance? Contact Us

If you’re shopping for umbrella insurance, the insurance representatives at Senz Insurance Agency Inc., serving Beloit, WI, can help you. Our insurance experts are available to answer your questions and give you information about umbrella insurance policies.

We work with many carriers and can shop around until we find an umbrella insurance policy that meets your needs. Call to speak with one of our insurance experts.

Life Changes that Call for Changes to a Life Insurance Policy

Posted on September 30, 2025September 24, 2025 by admin

A life insurance policy is an excellent way for any Beloit, WI, resident to provide for family and loved ones after passing away. However, purchasing a policy is not a one-time task. You will likely need to update your policy periodically to ensure it aligns with your current needs and circumstances.

Relational Changes

If you have gotten married or had children since purchasing life insurance, it is essential to update the policy to ensure the financial needs of your immediate family members are covered in the event of your passing. If you get divorced, you should update the policy promptly to name new beneficiaries. Other relational changes that may require updating your life insurance include adoption, remarriage (especially if you become a stepparent), or the passing of family members.

Financial Changes

As your career progresses and your financial situation improves, you may want to increase your benefit amount to provide greater security for your loved ones. If you take out a large loan to buy a house or start a business, you should ensure your life insurance policy covers the payments so your family does not have to worry about them. Conversely, if your financial situation worsens, reducing your benefit amount can help lower your overall expenses.

Need Help? Call Senz Insurance Agency Inc. for More Information

Senz Insurance Agency Inc. serves customers in and around Beloit, WI, offering a variety of term and whole life insurance policy options to meet the needs of people of all ages and backgrounds. Contact us if you need to update your policy or purchase a new one, and our team will help you find the policy that best suits your needs.

Winter Driving in Beloit: Auto Insurance Tips That Matter

Posted on August 29, 2025August 21, 2025 by admin

Winter in Beloit, WI, is a true test of patience and preparedness. Roads that seem safe in the morning can quickly turn into slick ice rinks by noon. Snow piles up at curbs and intersections, and visibility can drop dramatically in an instant. Even a quick trip to the store can feel like a risky adventure.

This is why Beloit drivers should review their auto insurance coverage before winter takes hold. At Senz Insurance Agency Inc., we understand how fast and unpredictably conditions can change, and we know how important it is to stay protected.

Are You Protected? Why Your Policy Might Not Be Enough

Assuming that “any auto policy will do” can be a costly mistake. Ice-related fender benders, frozen batteries, and damage caused by falling tree limbs are all common winter claims, but not every policy covers these incidents in the same way. Too often, drivers discover gaps in their coverage only after an accident occurs. By working with Senz Insurance Agency Inc., you can identify and close those gaps before winter weather puts you, your family, and your vehicle at risk.

Stay Safe: Smart Winter Moves Beyond Insurance

While having comprehensive coverage is essential, your safety also depends on your own habits and preparation. Protect yourself before winter hits by:

Scheduling an inspection for brakes, tires, and fluids
Keeping an emergency kit with water, gloves, blankets, and a flashlight (with extra batteries)
Allowing extra time and distance when driving on icy roads
Tracking weather forecasts to avoid driving during snowstorms

Take Action Before the Next Storm

Insurance is about security and preparedness, but it only works if your policy is current and comprehensive. The team at Senz Insurance Agency Inc. is ready to help you review your options and address potential risks so you can stay protected, no matter how unpredictable the winter season may be.

Does Commercial Insurance Cover Relocation Expenses?

Posted on July 31, 2025July 25, 2025 by admin

Businesses may need to relocate for various reasons. Some business owners may find that their current location isn’t ideal for profitability and decide to move to a better location. Others may be forced to relocate due to unforeseen events, such as fires or tornadoes. Whether commercial insurance in Beloit, WI, covers moving expenses often depends on the reason for relocation and the type of coverage you have.

Covered Perils

Most insurance companies, including Senz Insurance Agency Inc., will cover relocation costs if a business needs to move due to a covered event. Commonly covered events include fires, electrical damage, and wind damage.

Coverage for natural disasters, such as tornadoes, hurricanes, and flooding, varies by insurance provider. Some policies include these events, while others exclude them, requiring businesses to purchase additional coverage. To understand what your policy covers, consult an agent at your insurance company.

Type of Insurance

Commercial insurance is not mandatory; however, several types of coverage are available. The type of insurance you have plays a significant role in determining whether moving expenses are covered.

For example, commercial property insurance typically covers building damage if you own the property, but does not cover relocation costs. On the other hand, business interruption insurance often provides coverage for additional expenses, including moving. This type of insurance may cover moving expenses, rent or lease costs for a new location, lost employee wages, and other costs resulting from a covered event.

Business interruption coverage can vary depending on your insurance provider. Experienced agents at Senz Insurance Agency Inc. can help you understand what’s included in your commercial insurance policy. Contact us today to learn more about business interruption coverage. We proudly serve the Beloit, WI, area.

Am I Permitted to Change Home Insurance Providers With a Mortgage?

Posted on June 30, 2025June 24, 2025 by admin

If you’re paying off a mortgage, you might assume you’re locked into the home insurance policy you started with. Fortunately, that’s not the case. Even with an active loan, homeowners are free to change insurance providers, as long as specific steps are followed. Your insurance agent at Senz Insurance Agency Inc, serving Beloit, WI, explains:

Your Lender Cares About Coverage, Not the Company

Mortgage lenders require you to carry home insurance to protect their financial interest in the property, but they don’t require you to use a specific provider. What matters most is that the coverage remains active, meets the lender’s minimum requirements, and names them as a loss payee on the policy.

If you switch providers, you’ll need to inform your mortgage company and ensure your new insurer sends proof of coverage directly to them. Skipping this step could result in delays or the lender purchasing costly force-placed insurance on your behalf.

Timing and Escrow Account Coordination

If you pay for insurance through an escrow account, the transition requires a bit more coordination. First, confirm your new policy is active before canceling the old one. Then, notify your mortgage servicer so they can direct future escrow payments to the correct insurer.

In some cases, you may need to pay the new premium out of pocket and request a refund or adjustment once the escrow account is updated. While it takes a little extra effort, the long-term savings or improved coverage can make it worthwhile.

Freedom to Find Better Coverage

Switching providers mid-loan allows you to shop for better rates, improved coverage, or better customer service. Be sure to keep your lender informed throughout the process. A smooth transition protects both your property and your loan while giving you more control over your policy. Contact Senz Insurance Agency Inc., serving Beloit, WI, to learn more.

Does Umbrella Insurance Always Pay Lawsuit Settlements?

Posted on May 30, 2025May 28, 2025 by admin

Umbrella insurance provides additional protection to help keep your assets safe. It’s well-known for helping pay legal expenses, but it doesn’t always cover lawsuit settlements. You need to be aware of many clauses instead of assuming umbrella insurance will take care of it.

Homeowners’ Liability Lawsuits

People injured on your property can often sue, even if it’s something as seemingly minor as a trampoline accident, where the person knew the risk. Typically, homeowners’ insurance will cover most of the settlement. Umbrella insurance is designed to kick in and cover damages that exceed homeowners’ liability limits. Ask an agent at Senz Insurance Agency Inc. when umbrella insurance will kick in during these lawsuits.

Auto Accident Lawsuits

Umbrella insurance works similarly in auto accidents in Beloit, WI. It doesn’t automatically cover every penny of a settlement. Instead, it kicks in to cover the amount that exceeds your current coverage limits. For example, if a person’s medical bills from the accident are greater than the bodily injury limit in your policy, umbrella insurance can help pay the difference.

Defamation Lawsuits

Umbrella insurance is known for helping people who are being sued for defamation. It can often help cover the expenses of a legal team. In most cases, it can cover the cost of a settlement, provided it falls within coverage limits.

However, there are certain exclusions. Most umbrella insurance policies don’t provide coverage for malicious acts. For example, if you slander someone else’s name intending to ruin their reputation, you’re usually on your own when paying the settlement.

Umbrella insurance protects your assets if other insurance doesn’t provide enough coverage. You should always work with an experienced company like Senz Insurance Agency Inc. to ensure you understand how your policy works. Contact us today to learn more. We’re currently serving the Beloit, WI area.

What to Expect During a Life Insurance Medical Exam

Posted on April 30, 2025April 27, 2025 by admin

Applying for life insurance can feel like a significant step, especially when you learn there’s a medical exam involved. But don’t worry—at Senz Insurance Agency Inc., serving the greater Beloit, WI area, we’re here to guide you through the process so you know exactly what to expect and can feel confident every step of the way.

The Importance of the Medical Exam

Once you file a claim, your insurance company will typically schedule a medical exam to assess your health. This step is crucial as it helps determine your risk level, which in turn helps set your policy rates. The good news is that it’s usually quick, painless, and often conducted at a time and place that’s convenient for you—even in your own home.

What Happens During the Exam

When the examiner arrives, they’ll start by asking some basic health questions—things like your medical history, current medications, and lifestyle habits. After that, they’ll take your height, weight, pulse, and blood pressure. You’ll also be asked to provide a small sample of blood and urine. In some cases, an EKG or other additional tests may be needed, depending on your age or the coverage amount you’re applying for.

How to Prepare

A little preparation goes a long way. Try to get a good night’s sleep, drink plenty of water, and avoid caffeine or salty foods before your exam. This can help ensure more accurate readings and possibly better results.

At Senz Insurance Agency Inc., serving the community in and around Beloit, WI, we’re here to make the life insurance process as smooth and stress-free as possible. If you have any questions or want to explore your options, reach out today—we’re ready to help you protect what matters most.

Does Auto Insurance Cover Special Tires, Like Snow Tires?

Posted on March 28, 2025March 27, 2025 by admin

If you reside in an area with severe winters, switching to snow tires is a wise decision for safety and performance. But what happens if those expensive tires are damaged in an accident? At Senz Insurance Agency Inc., providing auto insurance in the greater Beloit, WI region, we often hear from drivers wondering whether their auto insurance covers specialty tires like snow tires. The answer depends on your policy and the situation.

Does Standard Auto Insurance Cover Snow Tires?

Generally, auto insurance covers your vehicle as a whole, which includes the tires. If you’re involved in an accident and your snow tires are damaged, your comprehensive or collision coverage should help pay for repairs or replacements, depending on the circumstances. However, normal wear and tear or damage from improper use typically won’t be covered.

What About Theft or Vandalism?

If your snow tires are stolen or vandalized, comprehensive coverage may help replace them. This type of insurance protects against non-collision-related incidents, including theft and damage from vandalism. If you frequently switch between regular and snow tires, keeping a record of your purchases and installations can make the claims process smoother.

Should You Notify Your Insurer About Snow Tires?

Most insurance companies don’t require you to report seasonal tire changes, but if you’ve invested in high-end specialty tires, it’s worth discussing with your provider. Some policies may have specific limits on coverage for aftermarket additions.

Have Questions About Your Coverage?

At Senz Insurance Agency Inc., serving the community of Beloit, WI, we’re here to help you understand your policy and ensure you have the right coverage for every season. Contact us today to discuss your auto insurance needs and keep your vehicle protected year-round.

Senz Redieske Insurance Agency, Inc.

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