Understanding a General Liability Policy
When picking an general liability policy for your business, the amount of information available can be overwhelming. Below are some questions that may help you familiarize yourself with the terms of a general liability policy. • What is the premium based on, and will this policy be audited annually? Policies may be based on payroll, gross […]
Read More....Business Coverage for Your Outdoor Signs
Your company’s outdoor signs are vital to business. It not only attracts customers who intend to enter your shop, it also puts your name in the public’s eye so it comes to mind when they need the services or products you provide. Damage to your sign from storms, accidents, vandalism and other hazards can do […]
Read More....Insurance Audits Provide Valuable Insights
Have you done an insurance audit? “Audit” is a cringeworthy word. And although insurance audits are often viewed as an inconvenience, they are an important process for both insurance companies and customers. The most common policies that are subject to audits are workers compensation, general liability and other types of liability insurance policies. Insurance audits […]
Read More....Use Technology to Control Commercial Auto Insurance Rates
For decades, businesses with auto fleets have wished for consistency in commercial auto insurance rates. The good news is technology is now available to track actual driving habits, resulting in potential rewards for safety. Many insurance companies are rolling out “telematics” to help base premiums on the insured’s actual driving exposure. There is a wide […]
Read More....Does Your Business Have Cyber Liability Coverage
Cyber liability coverage can protect your business from a growing threat. According to USA Today, there were 765 million data breaches and cyber attacks from April to June of 2018. The high risk of cyber breach means businesses need to understand the threats as well as coverage options available. Cyber liability coverage is designed to […]
Read More....Teen Driving Contracts
Do you have a new teenage driver at home? You may want to establish some ground rules as it relates to things like: number of passengers, curfew and phone use. Our friends at the National Association of Insurance Commissioners have established this online teen driver pledge tool to help to set some boundaries. [button type=”success” […]
Read More....Be Cautious When You Have a Claim
After you report damage to your insurer, it will send a claims adjuster to assess the damage at no cost to you. An adjuster will walk through and around your home to inspect damaged items and temporary repairs you may have made. A public adjuster is different from a company claims adjuster. If you hire […]
Read More....4 Ways to Minimize Worker’s Compensation Costs
Let’s look at ways you can Minimize Worker’s Compensation Costs. For many businesses, workers compensation is a necessary, and often mandatory, insurance policy. Controlling the cost without sacrificing valuable insurance coverage is essential, and there are some tried-and-true methods for doing so. Minimize Worker’s Compensation Costs #1 Verify that classifications are correct. There are hundreds […]
Read More....Items in Storage May Not Be Covered
Does the storage company’s insurance pay in addition to, or take the place of, your business coverage? The budget is complete, and there’s finally room for the retooling and/or redecorating that’s years overdue.What happens to the old equipment, furniture, supplies, etc.? If the business plans to hang on to those items, it’s likely time to […]
Read More....Business Interruption Coverage Covers Lost Income
You may have your premises and contents covered but what about business interruption? Lost revenue could be far greater than the physical damage your business sustained. The flames are gone, but the big blaze has left catastrophic damage, and local businesses will spend the next several months trying to sort out what to do next. […]
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