Third-party litigation funding is when a third party invests in a lawsuit in exchange for a percentage of the proceeds if the lawsuit is successful. The recipients of TPLF can either be individual or corporate claimants. This Coverage Insights examines how it works, its different recipients and its impact on the insurance industry.
Read MoreYour HVAC business is there when your customers need it. Whether it's keeping their houses warm in the winter or cool in the summer, you’ll be there to save the day. Here are 5 ways to take the heat off your HVAC business.
Read MoreTrees come in all colors, shapes, and sizes. Proper tree care keeps trees beautiful and prevents them from posing risks to people and property. For the businesses that provide tree care services, the risks can be even greater. Besides serious injuries and fatalities, accidents put a company at risk for costly lawsuits and damage to the company's reputation.
Read MoreWorking in a restaurant can be dangerous. The Bureau of Labor Statistics reports that in 2021, 128 restaurant employees were fatally injured in food service establishments and drinking places. Even just one injury in a small restaurant can increase workers' compensation premiums or worse - result in the loss of a valuable employee.
A limited liability company (LLC) is a hybrid business structure that combines characteristics of a corporation and those of a partnership or sole proprietorship. When a business owner considers forming an LLC, they need to be aware of the structure’s advantages and disadvantages. This article provides an overview of its pros and cons. Read on to learn more.
Read MoreIn the contracting world, it literally takes sweat (and sometimes blood and tears) to build up a business. After all the hard work you’ve put in, you don’t want to see anything bring your company down. But the reality is, by the nature of the work, contactors are at greater risk for losses that could potentially devastate a business. Protecting your livelihood, your employees and your assets begins with understanding what you’re up against on the job every day.
Read MoreNon-Owned Car insurance can cover your liability when one of your employees occasionally uses their personal vehicle for your business. That said, you should include all vehicles either owned or used regularly by your business on your commercial auto policy.
Read MoreMowing grass is such a common activity that business managers may not realize it’s a skill workers need to be properly trained on before using company equipment. If your business falls into this category, just remember OSHA also views lawn care as a work activity requiring workers to have proper training, safe equipment and the necessary personal protection equipment.
Read MoreThe whoosh of traffic as cars fly by can be an unsettling feeling, and you probably know it well if you are involved in maintenance work or other short-term operations near roadways. Follow these seven rules for staying safe while working roadside.
Read MoreCargo theft tactics are evolving. From food and beverages to high-end electronics, cargo thieves continue to target commodities that can be sold easily on the black market. Knowing emerging tactics can help businesses recognize their vulnerabilities and prevent potential cargo theft.
Read MoreRemote access or remote assistance scams have become more sinister since they first appeared. With remote access scams, hackers contact employees and obtain access to their computers by disguising themselves as tech support providers. Once the remote access software is executed, the attacker can control the victim’s computer and launch background processes to steal data.
Read MoreAn important part of understanding your responsibility for products and services is to understand how that responsibility is defined by law. Although various states and countries have differing laws relating to enforcement of legal liability, two legal theories typically apply to product liability: negligence and strict liability of defective products.
Read MoreThere are many types of businesses that might require a commercial contract bond as part of their total insurance program. While some people may think of construction when contract bonds are mentioned, service contractors, manufacturers, suppliers/installers and retailers/wholesalers may need a commercial contract bond when they enter into a contract to provide work or perform a service.
Read MoreWith winter ending and warmer temperatures on the horizon, you may be tempted to let slip and fall prevention drop off your radar. But mild spring weather creates the perfect conditions to get outside and conduct fall hazard hunts around your parking areas.
Read MoreEmployers are legally obligated to take reasonable care to assure that their workplaces are safe. Nevertheless, accidents happen. When they do, workers compensation insurance provides coverage. Workers compensation insurance serves two purposes: It assures that injured workers get medical care and compensation for a portion of the income they lose while they are unable to return to work and it usually protects employers from lawsuits by workers injured while working.
Read MoreQR codes were created in the 1990s and have seen a resurgence in use due to the COVID-19 pandemic. Cybercriminals and scammers have been able to create their own QR codes replacing legitimate codes to steal users’ money and personal information. Learn how to help prevent being scammed by fake QR codes by staying cyber vigilant
Read MoreOn Jan. 26, 2023, OSHA announced it issued new enforcement guidance making its penalties more effective to stop employers from repeatedly exposing workers to life-threatening hazards or failing to comply with workplace safety and health requirements.
Read MoreIf you own a landscaping business, you know things happen! Some mistakes aren’t preventable, even when you take every precaution. What can be prevented is how much your business suffers financially when things go wrong. You might think the only mistakes you have to worry about are made in a regular day’s work. In reality, the biggest mistake you can make is not protecting yourself before the mistake ever happens.
Read MoreViolations of workplace health and safety standards and subsequent OSHA citations can impact organizations of all sizes and sectors. In addition to highlighting unaddressed safety hazards, these citations often carry a number of consequences, including costly penalties, diminished workforce morale and widespread reputational damages. This case study outlines a recent OSHA citation and explains what the affected organization could have done to avoid it.
Read MoreDiscovering dishonesty in the workplace can come as a shock to employers. We want to believe our employees are trustworthy, but that trust can be destroyed when a dishonest employee is caught stealing something: merchandise, company secrets, money or security.
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