Rising frequency and increasing severity: These two conditions affecting commercial property and business auto losses – combined with overall higher prices for goods and services – are spurring increased insurance costs for consumers and insurers.
Read MoreThere are two basic forms of business insurance coverage to select from: a claims-made form and an occurrence form. There's no advantage to having a claims-made coverage over occurrence coverage, and vice versa. The only difference between a claims-made and occurrence policy is how their coverage is activated.
Read MoreEmployers continue to offer their employees hybrid work options. While there has been much progress in making remote work available and efficient, there are still some issues that lead to confusion. It can be very difficult to determine whether a company’s workers’ comp should cover an incident if an employee works away from the office with undefined hours.
Read MoreWith summer here, we need to keep our indoor and outdoor employees safe from the heat. There are ways to protect yourself and others. For example easing into work - nearly 3 out of 4 fatalities from heat illness happen during the first week of work. And following the 20% Rule - on the first day, work no more than 20% of the shift’s duration at full intensity in the heat.
Read MoreEvery day, you face a multitude of risks that threaten to bring down the house-from natural disasters and theft to equipment breakdowns and liability claims. According to data from FEMA, if businesses can’t resume operations within 5 days, 90% face failure within a year.
Read MoreSurety bonds can be required for different types of contracts. The two most common types of surety bonds are contract surety bonds and commercial surety bonds. If the principal does not complete the work as contracted, the obligee can make a claim for payment from the bond up to but not exceeding the bond amount. The principal is then obligated to pay back the claimed amount to the surety.
Read MoreWorkers in your business are an important part of the overall operation. But employees are vulnerable to injuries and illness on the job even in the safest workplaces. Luckily, we can help you get set up with all the workers’ comp your workplace needs to stay safe and afloat for years to come.
Read MoreIt’s 2024. Software developers are getting better and better at providing digital security that can protect your small business’s data. But cybercriminals also continue to step up their game. Their attacks cause companies significant financial loss and damage their reputations. Fortunately, there are steps you can take to learn about what these bad actors do and how you can protect your company from their tactics.
Read MoreYour business may change over time which means your insurance needs may also change. That’s why your business insurance plan requires a regular checkup. Especially when a small business is in the early stages of operation, one workers comp claim or lawsuit has the potential to shut down a business before it even has a chance to succeed.
Read MoreAn incident could seem minor, like a customer who trips on a welcome mat or an employee who accidentally damages a client’s property. But a single incident could lead to a claim or lawsuit that could be distracting, costly and damaging to your business, brand and reputation.
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 MoreIf you are like many business owners, you might not take the time to thoroughly review a contract when it comes across your desk. You may leave this up to your office manager or casually review it yourself. Yet, effective contract management can help protect your business from many potentially expensive lawsuits and judgments
Read MoreDid you know a man sued Uber for ruining his marriage because his wife used the app to discover he was having an affair? Lawsuits impact businesses every year. If your business is involved in one, it can cost you tens of thousands of dollars to defend yourself. The right insurance policies can make all the difference in keeping your small business operating during a lawsuit and financially viable afterward.
Read MoreCybercrime is a type of criminal activity that didn’t exist 30 years ago. If you were running your small business back then, you wouldn’t have been worried about hacking, data breaches, phishing, malware, or spyware. Today, cybercrime is a global concern for businesses of all sizes in virtually every industry.
Read MoreEmployment practices liability insurance, known in the trade as EPL insurance or EPLI, provides coverage to employers against claims made by employees alleging: Discrimination, Wrongful termination, Harassment, Other employment-related issues, such as failure to promote.
Read MoreYou may not worry much about stolen assets, but theft is the most common cause of loss for equipment covered by inland marine policies, followed by collision and fire damage. Help make sure your equipment is ready when you need it by protecting it from theft and vandals.
Read MoreOne of the biggest components of workers’ compensation is an effective return-to-work program. Eliminating injuries and illnesses is paramount for reducing workers’ compensation costs, but after an incident, an program can significantly reduce workers’ compensation costs for employers and improve the lives of employees by getting them back to work when there is an injury or illness
Read MoreServing alcohol is a common practice for restaurants, bars, catering companies, entertainment venues and similar establishments. While providing a wide array of beverage options is important, serving alcohol in particular can create a variety of risks for business owners.
Read MoreEvery February through April, there is a rise in tax fraud by cyber criminals keen on stealing your personal and business’s financial data. Learn how to prevent these types of cyber attacks by being aware of the scams they use and having a solid cybersecurity program in place during tax season and all year long.
Read MoreCorrectly classifying workers as employees or independent contractors is essential for a company to comply with various federal and state laws. This cheat sheet outlines the U.S Department of Labor’s economic reality test for classifying workers. Employers can use this cheat sheet to help confirm they are considering the relevant factors when classifying workers.
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