Types of Boat Insurance

If you have a boat, you are going to need to have insurance for it. You are going to want to make sure that you and your family are protected, just in case anything happens. 

That being said, there are many parts and types of boat insurance. Here are some of the most common types.

Physical damage insurance covers damage to the boat and what is on it. This includes the engine, sails, and your personal property. 

Liability insurance will protect you in case someone else is injured on your boat. This can include bodily injury, loss of life, and damage to anyone’s property. It will also cover legal fees if you are sued over an accident. 

Personal property insurance covers the personal things that you had on your boat, such as clothing and even your fishing equipment. 

Emergency towing and assistance coverage will pay any fees that you need if you require emergency assistance while you are out on your boat. This can include towing, delivery of fuel or parts, and much more. 

Uninsured boater coverage is similar to uninsured and underinsured automobile insurance. Since boat insurance isn’t necessary, it will protect you if you get in an accident with someone who doesn’t have any insurance for their boat. 

You are going to want to have some sort of policy for your boat, just in case you are in an accident. Most policies cover physical damage and liability, though you may want to get some more insurance to protect yourself. You may want to look into personal property insurance and emergency towing and assistance coverage. 

If you want to make sure that you have enough insurance for your boat in Centennial, CO, contact us today at Compass Insurance. 

Top 3 Risks Faced By Small Business Owners

Owning your own business brings with it a great sense of accomplishment and pride. It also brings with it certain risks as well. As a small business owner, it is important that you be aware of the risks you may face. At Compass Insurance serving Centennial, CO and the surrounding areas, we want to provide our clients with solid risk information so that they can make confident insurance choices. Keep reading to learn about the top 3 risks faced by small business owners. 


Liability is one of the top risks you will face as a business owner. Your company can be held liable for injuries that result on your property or as a result of using your goods and services. You can also be held liable for any damage or injury an employee may cause to a customer, their home, or their possessions. Facing a liability claim without the proper insurance could leave your company financially vulnerable. It is recommended that business owners carry sufficient liability insurance for this reason. 

Shut Down 

Another risk that business owners face is a shutdown. A shut down on your business could be the result of your place of business being damaged somehow, or from a threat posed against your place of business. Threats can include health threats, security threats, and weather threats. Any time your business must shut down, you lose money. You can protect against this with certain types of commercial insurance coverage. 

Property Damage

Another huge threat for business owners is the risk of property damage. If there is damage to your place of business because of fire, natural disaster, or burglary, the expense of repairs will come out of pocket unless you are properly insured. 

If you would like to learn about commercial insurance or any of our other insurance services, please contact us at Compass Insurance, serving Centennial, CO and the surrounding areas.