Business Insurance

Fire hazards are in every area of a business, and causes are diverse—ranging from faulty wiring or machinery to dust, chemicals, hot work and even poor housekeeping. Even though there are countless ways a fire can start, here are five areas that you may not realize are severe risks. Since fires are so devastating to property and lives, it’s one concern that should keep managers and employees on constant alert.

Controlling costs is essential to running a profitable business. If you don’t keep track of your operating expenses, it can become nearly impossible to catch issues that reduce your business’s profitability. You may even risk allowing operating costs to spiral out of control and land your books in the red. That’s where cost control comes in.

Does your business rely on employees using their own vehicles for work? If so, you may have automobile loss exposures for which you’re unaware, putting your business’s assets at risk. So before you send your employees out on the road on company business in their own cars and trucks, be sure you’ve put the proper controls in place, to protect both your employees and your company.

As cyber attacks become more and more common, protecting your data is increasingly difficult. In light of the growing number of cyber attacks, many companies are turning to two-factor authentication to enhance their cyber security. While no cyber security method is foolproof, using two-factor authentication can add an extra layer of security to your online accounts. So how exactly does two-factor authentication work?

Cybercriminals can access a company’s personal and financial data through various fraudulent activities. Cyber attacks can damage an organization’s productivity, reputation and bank accounts. Learn how to recognize one of these scams: a DocuSign phishing attack.

On July 26, the Biden administration launched Heat.gov—a new website through the National Integrated Heat Health Information System web portal—to provide the public and decision-makers with information to understand and reduce health risks related to extreme heat.

Recently, the National Academies of Sciences, Engineering, and Medicine issued a Consensus Study Report using data the U.S. Equal Employment Opportunity Commission (EEOC) collected from information private employers and federal contractors provided in the EEO-1 form. Today, many employers are striving to improve pay equity. Employers should continue to monitor updates from the EEOC to learn more about pay equity and enforcement

What does LLC mean? LLC stands for Limited Liability Company. Many small business owners choose to operate as an LLC because it protects them from being personally liable. This means business creditors cannot go after their personal assets such as their houses or vehicles. LLCs are relatively simple to set up and also offer tax advantages and other benefits. Wondering if an LLC might be the right business structure for you?

Picture this scenario – you just received a call from a premium auditor looking to schedule a visit to perform a premium audit on their recently expired workers’ compensation policy. The premium audit is a very important function. Not only does it determine the final premium for an insurance policy, but the data collected at audit is later submitted to rating organizations to be used in developing experience modifiers and loss costs.

Inflation is the number one concern of small businesses owners, according to a recent survey conducted by the U.S. Chamber of Commerce. To cope with inflation, 67% of small businesses have raised prices, according to the study. Another four in ten (41%) report having decreased staff or taken out a loan in the past year (39%) in response to growing inflation pressures.

National Insurance Awareness Day serves as a reminder to all small business owners to review their insurance policies to make sure they have the right coverage for their organizations. In this article, we'll take a look at three things business owners can do to ensure they have the right small business insurance.

Between December 2020 and December 2021, the Consumer Price Index for used cars and trucks increased 37.3% and the CPI for new vehicles increased 11.8%. Therefore, the cost to replace a vehicle in the event of a loss has increased.

Any business could face the risk of a data breach or cyber attack. Regardless of how big or small your business is, recovering from the aftermath could be difficult if your data, important documents, or customer information is exposed.