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Category: Insurance

Extra Steps for Insuring Your Business

Extra Steps for Insuring Your Business

Legal troubles can often be a huge issue for businesses of all shapes and sizes. When litigation begins, it means that there are going to be a number of expenses coming your way. While you can’t always prevent a legal situation from developing, you can definitely take precautionary measures to reduce the damage done. One way to achieve this is by taking out comprehensive CLM insurance to assist you. With the right claims and litigation management assistance, your business will…

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What You Should Know About Owning a Laundry Facility

What You Should Know About Owning a Laundry Facility

Owning a laundromat can provide you with a business that can be simple to run while providing revenue regardless of the economy. Take a closer look at what you should know about running a laundry business. Have Insurance to Protect Against Problems Just like in any business, there are a variety of problems that could occur according to https://www.iwains.com/. Coverage can make it possible to get equipment replaced when it breaks down or is otherwise damaged. It can also protect…

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The Real Price Tag of Cyber Risk Insurance Claims

The Real Price Tag of Cyber Risk Insurance Claims

Cyber incidents have become one of the biggest risks to businesses worldwide, and businesses are combating that threat with insurance. Cyber risk insurance claims examples are vast and varied. Listed below are several real-life scenarios. Source: https://www.axisins.com Network Security A computer virus was mistakenly downloaded to the company’s network, which caused the loss of data. The virus was then transmitted to a client’s computer network, which resulted in litigation costing the company three-quarters of a million dollars in damages. Customer…

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Healthy Meals for Truckers

Healthy Meals for Truckers

You would never fill your tank with fuel that causes your truck to drive at only half the speed limit before sputtering to a stop. Yet many truck drivers consistently fill their own bodies with food lacking proper nutrition and then wonder why they lack energy. Give your body the same respect you give your semi by filling up with the following nutritious meal options. Breakfast Choose easy-to-prepare items like whole-grain bagels with low-fat cream cheese or low-sugar breakfast bars….

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Is a Local Insurance Company Right for Your Business?

Is a Local Insurance Company Right for Your Business?

Access to an insurer who truly understands your business is an important part of making your risk management plan into a reality. The closer your working relationship and the better their understanding of your operation, the easier it is for you to get the coverage you need, without missing anything or paying more than you need. There are generally two ways to do that. You can work with people who specialize in your area of the industry, knowing it better…

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Three Reasons to Have a Maintenance Plan in Your Warehouse

Three Reasons to Have a Maintenance Plan in Your Warehouse

A warehouse maintenance plan helps your business run more efficiently, reduce risks and minimize shrink. Those are only a few of the benefits of creating a plan that focuses on a myriad of aspects to the business. These benefits can help you grow your business and increase your profit margin on existing clients. Plan Creation The experts at HILB group of Florida suggest creating a regular maintenance plan to keep the warehouse operating smoothly and efficiently. The plan should look…

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Three Basic Liability Coverages For Manufacturers

Three Basic Liability Coverages For Manufacturers

Manufacturers face a number of risks as part of their daily operations. With such risks comes the need for adequate insurance coverage to protect against potential third-party lawsuits. While there are plenty of options available, three basic coverage options should absolutely be part of your policy. General Liability As the name implies, general liability insurance protects you from lawsuits arising from your everyday business activities. A visitor injuring themselves in your factory or damaging their car in your parking lot…

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Customized Protection for Bank’s Environmental Risks

Customized Protection for Bank’s Environmental Risks

While the FDIC requires banks to carry bankers’ environmental risk insurance, that isn’t the only reason to have the policy. Many people don’t associate financial institutions with negative environmental impacts. Unfortunately, banks can take on the liabilities posed by assets they take on making the insurance a must to protect the bank’s financial assets. Credit Risk When a customer invests in a property by taking out a loan, they may not follow through on their commitments when they learn about…

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Liability Concerns for Media

Liability Concerns for Media

Media liability insurance is designed to protect media outlets from expensive third-party liability claims, which is probably more prevalent than you think. Source: https://www.huntersure.com/. Keep reading if you think you should be concerned. Types of Claims There are several types of liability claims that can arise as a result of publicly distributed information. Some of the most common types of claims include plagiarism, defamation, copyright infringement and invasion of privacy. What Do Claims Entail Plagiarism: This happens when someone takes…

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Why Buy a Carpet Cleaning Policy?

Why Buy a Carpet Cleaning Policy?

Whether you run a hospitality, construction or cleaning company, one truth is that carpets and flooring can get pricey. You want to make sure that whatever flooring that is there is in it for the long run, but things don’t always go according to plan. Insurance policies tailored specifically for the carpet can save you a potential boatload of money. Benefits As A Client If you’re on the receiving end of a carpet cleaning, then you’re trusting quite an investment…

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