Management liability insurance is a package of insurance policies designed to protect a business and its directors, officers, board members, managers and administrators from lawsuits alleging mismanagement. These coverages can be written as a stand-alone policy or combined in a package.
Read MoreRansomware represented the number one cause of loss in a study of almost 6,000 cyber insurance claims, with the average ransom rising to $247,000 and the average incident cost up to $352,000 in 2020. Ransomware accounted for 32% of all incidents affecting small to medium enterprises.
Read MoreFlu season is nearly upon us. This year’s flu season will be hitting us as the U.S. continues to battle with the pandemic. In a regular year, the flu, on its own, can have a significant impact on organizations in both direct costs and lost productivity. Add in COVID-19, and the cost can be detrimental to a small business.
The steps taken to follow electrical safety standards have a direct impact on your employees and customers. Find out what it takes to identify and eliminate electrical fire safety issues. Plus, learn tips to incorporate electrical safety posters around the workplace. Lastly, learn how a great team can simplify OSHA electrical safety and other insurance requirements so you can focus on running your business.
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 MoreWhatever your industry—operating a fleet of 18-wheelers, managing buses for a school district or transporting bobcats and tools for a landscaping company—you are probably experiencing a shortage of qualified drivers. A driver shortage affects the industries considered to be ‘driver-driven’ such as transportation companies, but it’s surprising how other industries are also hurt by this shortage.
Read MoreAn employee turns off the power to a piece of equipment and sticks their arm into the machine to clear out a jam. A co-worker, unaware the power is off , turns on the equipment, injuring the employee. We've all heard horror stories like this, but with thorough lockout/tagout procedures in place, you can reduce the chance of accidents like this happening in your workplace.
Read MoreNational Preparedness Month, celebrated every September, is a great time for small business owners across the country to revisit and adjust their own disaster recovery plans.
Read MoreDid you know that within your boring financial statements are five hidden secrets that could have a significant impact on your business?
Read MoreWorkplace injuries are not always simply the result of one-time accidents. Falling off a ladder, slipping on a wet floor, getting hit on the head by an object falling off a shelf, or slicing a hand on a sharp tool are common ways workers injure themselves while performing their daily job duties. However, long-term injuries that develop caused by repetitive, daily work activities are also common workers’ compensation claims.
Read MoreDid you know that you can view your policy online 24/7?
Read MoreJust as companies are preparing to bring remote employees back to their offices or institute a “hybrid” arrangement, a once-again spiking infection rate due to the Delta variant is driving many of them to put their announced reopenings on hold. We hope these principles will help guide your choice on this dilemma.
Read MoreThroughout the summer months, outdoor workers and workers in non-air-conditioned spaces in a variety of industries are often exposed to extreme heat and/or humidity that can easily lead to heat stress and exhaustion, heat stroke and even death. Thousands of workers nationwide can suffer heat-related illnesses every year; however the good news is that these conditions can be avoided when the proper preventative steps are taken.
Read MoreAlmost every business on this planet wants to become a customer-centric brand. It is evident that businesses that put customers first are reaping rich dividends in the long run although they incur short-term costs to implement it. It is proven that the benefits of customer loyalty and repeat revenue far outweigh the expenses and efforts involved in implementing a customer-first strategy.
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 MoreMost drivers know to slow down, turn off cruise control and avoid tailgating when driving on snowy or icy roads. However, many drivers are surprised to learn that rain can be nearly as treacherous to drive in. Flooded streets and swollen creeks can sweep vehicles off the road while water-slick roadways can cause hydroplaning.
Read MoreDrains are a humble, hidden feature we all depend on. Sink drains and floor drains take water away from the inside of our businesses, while storm drains keep our parking lots and streets safe from surging and standing water. Equally as important, drains also protect the exterior of our buildings. Drainage systems help move water away from a building’s exterior as quickly as possible so it doesn’t have a chance to seep into any gaps or holes.
Read MoreWhen it comes to poaching data, hackers tend to focus on easy prey: small businesses. Why? They often lack strong security measures and standards. Likely due to their leaner teams and many hats. So, how can your small business protect itself?
Read MoreWorkplace injuries that go unreported can keep employees on the sidelines — uncertain about treatment and unclear on what to expect under their state’s WC system. When workplace incidents do happen, prompt claim reporting is a key factor to ensuring injured employees receive the necessary care to feel supported in a successful return — and minimizing business impact.
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?
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