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Category: Business Insurance

How To Best Understand Miscellaneous Professional Liability Claims

How To Best Understand Miscellaneous Professional Liability Claims

Your company’s bottom line plays a significant part in your overall success. Unfortunately, there are many obstacles that can threaten your ability to prosper. Most of the time, these issues will come in the form of legal consequences. To stay protected no matter what you face, it is important to take time to understand what to expect. Miscellaneous Professional Liability claims, for example, cover a number of exposures. Taking out comprehensive insurance with the right options can help you stay…

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What Are Unenforceable HOA Rules?

What Are Unenforceable HOA Rules?

Many planned communities and residential neighborhoods are governed by a homeowner association. An HOA is established by the land developer as a way to manage the building and selling of new homes on the property, and to create rules upon which purchasing a house is contingent. While most regulations are intended to keep the neighborhood clean and safe, they can sometimes be What Are Unenforceable HOA Rules?. Many also are unenforceable. Enforceable HOA Rules Once the majority of homes are…

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Safeguard Your Business Against Internal Losses

Safeguard Your Business Against Internal Losses

Even with good hiring and screening practices and strong security in place, every type of business has some measure of vulnerability to loss resulting from employee theft. In fact, the majority of theft in the workplace is committed by companies’ own employees. It’s important for all businesses to take active measures to protect themselves against lost revenue caused by theft. Employee Theft Can Go Undetected Not all employee theft is as simple as an isolated incident in which somebody steals…

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Human Resources Liability Exposure

Human Resources Liability Exposure

Your company’s human resources department is involved in almost every aspect of involving your company’s relationship with its workforce. When employees have a problem relating to their employment, they may seek assistance from your company’s HR department. If that department is unable to provide a remedy or if any aspect of personnel management is mishandled, your company could face a liability claim based on improper employment practices. Employment Discrimination Many HR employment liability claims by employees against their employers are…

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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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Two Key Insurance Coverages For Staffing Agencies

Two Key Insurance Coverages For Staffing Agencies

When it comes to business insurance, staffing agencies must not only consider their own activities but for those of their contractors and clients as well. Here are two key liability coverages that you should plan to include in your staffing agency insurance to protect yourself and the stakeholder with which you’re involved. Professional Liability Professional liability can cover you against claims made by your client or the contractor you hired. For example, if the contractor you hired does a poor…

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Protection for All Areas of Your Business

Protection for All Areas of Your Business

Protection for All Areas of Your Business If you own a business, you understand the risks involved with operating in your industry. The right commercial insurance in Florida can help you mitigate those risks and protect you from lawsuits and other claims that can damage your business and your reputation. A Strong Portfolio of Services Protecting your business means figuring out what the risks are and building a policy that mitigates those risks. These dangers could arise from mistakes made…

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How to Read and Understand Your Insurance Policy

How to Read and Understand Your Insurance Policy

In a complicated and changing business market, you may not always have time to contact your insurer to review your New Mexico Business Liability Policy. It is important to be able to read and understand your insurance policy on your own. The first portion of your insurance policy is usually entitled, “Declarations.” It will state general information about your business and about your insurance provider, including how to make contact if a claim arises. It also states the monetary limitations…

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Ways to Lower the Price of Business Insurance

Ways to Lower the Price of Business Insurance

While business insurance is most certainly a necessity, it doesn’t have to be one that that breaks the bank. Learn a few tips for successfully reducing the cost of Virginia business insurance. Look Over Your Current Policy Depending on the last time you reviewed your policy, it might no longer match your current needs, meaning you might qualify for lower premiums. Sit down with your insurance provider and take a close look at everything. Increase the Amount of Your Deductible…

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