Five Commercial Insurance Pitfalls to Avoid
Posted: April 25, 2025
Running a business comes with risk—some expected, others not. That’s why commercial insurance is so important. But while having coverage is essential, the way it’s structured can make or break you when a claim hits. Many business owners unknowingly fall into common insurance traps that could cost them thousands. Here are five commercial insurance pitfalls to avoid: Assuming “Basic Coverage” Is Enough Many businesses buy...
Strategies for Reducing Professional Likability Risks
Posted: April 23, 2025
How Businesses Can Minimize Risks It is important to understand the tremendous risks many professionals have when it comes to providing professional services. Almost any business can find itself facing a liability lawsuit. A Miscellaneous Professional Liability lawsuit can put owner’s and other executive’s personal assets at risk including homes, cars, and other possessions. One simple mistake could cause financial devastation, as well as end...
Key Trends Impacting Construction Contractor Liability in 2025
Posted: March 17, 2025
The construction industry is constantly evolving, and contractors must stay ahead of the curve to manage risk and liability. In 2025, four key trends will significantly impact construction contractor liability: purchase limits required by contracts, increased construction project repurposing, rising costs, and a lack of qualified labor. Trend 1: Purchase Limits Required by Contracts Contracts are becoming more complex, with purchase limits and requirements that...
Steps to Reduce Business Risk
Posted: February 3, 2025
Running a business comes with inherent risks, but proactive steps can help reduce vulnerabilities and secure your company’s future. Here are key strategies to minimize business risks: Identify Potential Risks: Conduct a comprehensive risk assessment to identify vulnerabilities in your operations, finances, and market position. Common risks include supply chain disruptions, cybersecurity threats, and economic downturns. Secure Adequate Insurance: Ensure you have appropriate coverage, such...
Five Ways Commercial Businesses Can Prevent Losses and Lower Insurance Costs
Posted: January 24, 2025
Running a commercial business comes with risks, but taking proactive measures can safeguard your operations, minimize losses, and potentially reduce insurance premiums. By focusing on prevention and risk management, businesses can protect their assets while saving money. Here are five strategies every commercial business should consider: Invest in Comprehensive Security Measures Protecting your business against theft, vandalism, and cyber threats is critical. Some key steps...