Tags: Commercial Insurance

Protect Your Business with a Business Insurance Check-Up

Protect Your Business with a Business Insurance Check-Up

When was the last time you had a check-up? No, not you personally—your business. Just as having a regular medical check-up can help keep you healthy and save you money, a regular business insurance check-up can help keep your business healthy—and save you money. As your business grows and changes, your business insurance needs will change as well. But too often, business owners fail to regularly check their insurance policies to make sure their coverage has stayed current with the needs of their business. If any of the following have... Read More

Do You Know What You Need to Know About Liability Insurance?

Do You Know What You Need to Know About Liability Insurance

Liability insurance is a must for every business. Liability insurance protects your business from loss should you be liable for damage or injury. However, a single liability insurance policy may not cover every possible type of liability. The basic liability insurance policy that every business needs to have is called Commercial General Liability Insurance. Commercial General Liability insurance protects your business from financial loss if you are found liable for property damage, or injury caused by your services, your business operations or your employees. It also covers non-professional negligent acts... Read More

How to Control Work Comp Costs Through Successful Premium Audits

How to Control Work Comp Costs Through Successful Premium Audits

Work Comp can be one of the most expensive and most frustrating of insurance costs for small business owners. There are many ways to control work comp costs, and many insurers and safety experts provide safety training and resources to help reduce injuries. There is another way to control your work comp costs, though, that isn’t talked about as much. And that is to make sure that you’re not paying too much for your coverage to begin with. Besides finding the right work comp insurance company, you also need to... Read More

How to Protect Your Company Against Employment Lawsuits

avoid-frivolous-employment-lawsuits

As a business owner, your goal is to hire the most qualified employees. Unfortunately not every hiring decision goes as planned. Even if an employee is terminated for legitimate reasons— such as poor attendance or unsatisfactory work habits—every termination opens the door for a potential lawsuit. Read one business owner’s experience and then learn how employment practice liability insurance (EPLI) can help protect you and your company from costly, frivolous lawsuits. When Mary, a Colorado business owner, received a complaint that her sales manager made crude, disparaging remarks to a... Read More

Top 10 Threats to Small Businesses—Part 2

threats to small businesses

Top 10 Threats to Small Businesses—Part 2 In our last post, we outlined some of the potential threats to small businesses. In order to develop a plan to manage and minimize risk, it is important to first know what those risks are. Some small business threats may be obvious such as theft, vandalism or fire hazards. Other risks are not so readily visible, such as the possibility of work injuries, data breaches or other legal risks. Part 2 of our Top 10 threats to small businesses outlines five more threats... Read More

Top 10 Threats to Small Businesses—Part 1

threats to small business

Optimism is the fuel that drives the entrepreneurial spirit, so it isn’t surprising that most small business owners consider themselves optimists. Too much optimism, however, can get a small business owner into trouble. A business plan built solely on the “best case scenario” is like a house of cards—one gust of wind (or fire or wrongful termination lawsuit) and the entire business can come crashing down. That’s why smart business owners temper their innate optimism with a healthy dose of reality. In other words, they learn to manage risk. The... Read More

Are You Covered in Case of a Business Interruption?

business interruption insurance

If a fire, storm or other disaster caused your business facility to be temporarily unusable, what would you do? Would you start looking for a new building to move into? Would you close down while repairs are made? Would you be able to continue paying your employees—or yourself? Ideally, you would move to a temporary location while your permanent place of business is being repaired. Business Property Insurance does not cover a move or a loss of income when a business must temporarily close. With Business Interruption Insurance, also referred... Read More

Five Things You Need to Know About Small Business Insurance

Five Things You Need to Know About Small Business Insurance

Every business should be insured, but as a small-business owner the maze of insurance coverages, policies and carriers can be confusing and overwhelming. While it is good to talk with your fellow entrepreneurs, the best place to get insurance information is from an independent insurance agent who specializes in business insurance. Business insurance agents are familiar with a wide range of business needs, can help you understand the different business insurance coverages and will help you determine which type of business insurance is best for your company. Here are five... Read More

Cyber Liability Insurance–What You Need to Know

cyber liability insurance--what you need to know

Does your business use computers? Do you rely on technology for record keeping, transactions or services? Is your data protected? No, not the computers themselves, though that is important. Is your data protected? What will you do if a laptop is stolen or your computer system hacked? Cyber Liability Insurance is what protects your company in the event of a data breach, electronic catastrophe or even unwise social media use. Traditional liability insurance policies rarely protect against most cyber liability exposures. Standard commercial policies are written to insure against injury... Read More