Does Your Business Need Interruption Insurance?
Posted: August 16, 2022
Does Your Business Need Interruption Insurance?There is no doubt that commercial insurance has many complex terms and coverage that cause some to ask, “Why would I ever need that kind of insurance?” One term that is not immediately obvious as to its meaning is “Business Interruption coverage”. and the benefits of having it as part of your commercial insurance package. Business Interruption Defined Business interruption insurance is intended to compensate...
How To Control Workers' Compensation Costs
Posted: August 5, 2022
How To Control Workers' Compensation CostsWorkers' compensation has become a major contributing factor to the cost of business insurance. Premiums are high for many types of businesses, and the additional costs associated with employee injuries can be staggering. However, business owners are not as helpless as they may feel in controlling the cost of workers' compensation insurance. Our knowledgeable agency is available to assist with loss control in several different...
Workers' Compensation Cost Reduction Tip
Posted: July 28, 2022
Workers' Compensation Cost Reduction TipIt is true that no company will be completely free of Workers’ Compensation claims. Accidents do happen, and that is why you have Workers’ Compensation Insurance. The goal should be to develop a pattern of reduced claim numbers and claims costs from year to year. One effective way to manage these costs is to change the way you hire. We have noticed that when companies...
Commercial Insurance: Protection Against Lawsuits
Posted: July 27, 2022
Commercial Insurance: Protection Against LawsuitsIf an unexpected accident takes place at your facility or office, or a lawsuit related to a product or service is filed against your business, the general liability insurance you have in place should cover your losses, including the legal costs involved in defending against it. A general business insurance policy should cover you against injury lawsuits, false or misleading advertising lawsuits, accusations of slander,...
We Think Of Insurance as a Promise
Posted: July 21, 2022
We Think Of Insurance as a PromiseBusiness and personal insurance update Many people look at insurance as a commodity, like buying car or a piece of furniture. Consequently, they become caught up in searching for the lowest price for the “product of insurance.” Insurance is less of a commodity and more of a promise or service. Promise vs. product Insurance is a promise from the insurer to cover your claim or...