The market for commercial property insurance continues to be challenging. Several factors contributing to the increase in premium include : Catastrophic losses, underinsurance, replacement cost, and more. Learn what these mean and more.
Commercial property insurance helps protect your business from property damage due to perils like fire, theft, vandalism, and more. Understanding this vital coverage can help you make smarter decisions about what insurance you buy and how much coverage you choose.
Read MoreWhen determining commercial property value, you should be prepared to take into account the difference between real property and business personal property. Real property is land and the permanent things on it. Business personal property is all other property that’s not classified as real property.
Read MoreLeasing commercial space is an important step in growing a small business, whether you're expanding your current location or moving to a new location. With so much riding on a lease, it's important to read the fine print and know exactly what you're signing. Here are five considerations before you sign a commercial property lease for your small business.
Read MoreFrom capital and labor to weather and the economy, many factors that affect business today affect property insurance. Declining Occupancy, Severe Weather and CAT Losses, Supply chain, Property Valuation and more.
Read MoreMany commercial property policies detail duties insureds owe to their carrier following a loss. Failure to fulfill these responsibilities can potentially lead to denied claims, delayed payments and unrenewed or even canceled policies. Here are common duties most policies require insureds to uphold in the event of a loss.
Read MoreWhen purchasing or renewing a commercial property insurance, it’s vital for businesses to ensure such coverage includes correct property valuations. Doing so can make all the difference in providing sufficient protection and preventing coinsurance penalties amid covered property losses.
Read MoreOwning and operating a landscaping business has a list of responsibilities and its fair share of risks no matter if it’s a startup or large corporation. Team and customer safety should always be top-of-mind, which is why commercial landscaping insurance is essential to your business’s success.
Read MoreConstruction material costs rose dramatically in 2021, altering the underwriting and pricing of commercial property insurance. A recent report by Westchester details the causes of rising commercial property insurance prices and how they can be mitigated.
Read MoreWorking in winter weather conditions can be risky for employees. Learn winter weather safety tips to implement at your small business that could lower the risk of injuries for your outdoor workers.
Read MoreBusinesses face various types of theft, including burglary and robbery by outsiders, theft by insiders and identity theft.
Read MoreThe Occupational Safety and Health Administration (OSHA) recently cited a company for exposing their workers to unsafe levels of airborne lead. They proposed a fine of over $319,000. This is just one example of citations and fines that OSHA can impose on a business for workplace safety violations. Do you know the other types of violations?
Read MoreAs natural disasters become increasingly costly, property damage claims are on the rise. Property claims are often a given in the aftermath of a severe weather event, meaning that business leaders need to have a plan to prepare for potential property loss or damage. Follow along to learn about five common property losses businesses can expect after an extreme weather event.
Read MoreHome business, small business, global business—here’s how to choose the right insurance for your business. The types and amount of insurance that you need for your small business are based on several factors. Ask yourself: What type of business are you in? Where is it located? Do you have employees?
Read MoreIn 1996, the National Safety Council designated June as National Safety Month. The goal was to increase awareness of the leading safety and health risks facing employees and decrease the risk for workplace injuries and deaths in the U.S.
Read MoreFrom drones and 3-D printing to artificial intelligence and autonomous vehicles, disruptive advancements in technology are everywhere – and they’re rapidly changing traditional business models across industries. While these trends may help improve efficiency, safety, and service, their increasing adoption also introduces new liability risks for the businesses that choose to incorporate them.
Read MoreSafety in the workplace isn’t just a matter telling of employees to behave safely. It’s much more complex. It involves changing old habits, developing a safety program, identifying responsibilities, and creating checklists for equipment, facility and fleet tasks.
Read MoreThe recent snow and quick warm up caused many roof issues in the area. The resulting water seepage caused interior damage to walls, ceilings and equipment. Whether you are a landlord or a tenant it is important to understand your lease and who the responsible party would be for repairs.
Read MoreWinter is tough on your roof. That’s why it’s critical to conduct checkups prior to and after the season.
Read MoreNo business is too small to be sued, burglarized or damaged by a fire. And no business owner wants an unexpected event to wipe out their hard work or investments. Thankfully, small business insurance can help protect your company and safeguard your income.
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