There are five categories of equipment that equipment breakdown insurance typically covers:
Mechanical ; Electrical ; Computers and communications ; Air conditioners and refrigeration systems ; Boilers and pressure equipment
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Running your own business can be a fulfilling experience, but it also has its fair share of risks that can jeopardize your assets, finances, and reputation. In this blog post, we’ll review what exactly a business risk is, the different types of risks you might encounter, and some steps you can take to prepare for them.
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Younger workers are often energetic and excited to tackle new tasks, but did you know they’re also more likely to get injured on the job? Based on studies of emergency room visits, the injury rate for workers under the age of 25 is approximately twice that of workers 25 and older.
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A general liability policy helps protect your small business from claims that it caused bodily injuries and property damage. These risks can come up during normal business operations. They can get expensive for small businesses and many don’t have the resources to cover a liability claim.
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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.
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Your 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.
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Trees 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.
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Working 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.
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In 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.
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Non-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.
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Mowing 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.
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The 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.
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Cargo 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.
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Remote 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.
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An 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.
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There 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.
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With 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.
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Employers 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.
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QR 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
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