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If you’re the proud owner of a new business – or even just kicking around the idea of hanging your own shingle – you’ve probably realized that there is a lengthy list of items and issues to address. From startup…
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Category: Business, Claims, Commercial, Financial, Liability, Risk Management
Tags: assets, business, business auto policy, Business Income - Loss of Use of Designated Auto Coverage, business income coverage, business income loss, business insurance, business inventory, business owner, commercial, commercial building, Commercial general liability, commercial insurance, commercial liability insurance, commercial policy, commercial property, commercial umbrella policy, equipment breakdown coverage, errors and omissions, independent agent, inland marine, inland marine insurance, loss prevention, professional liability, risk transfer
Commercial insurance is not one-size-fits-all, but there are features that even very different businesses have in common. Offices are an exposure that nearly every business has, from accounting firms to web engineers, and from one-person offices to a ten-story office…
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Category: Business, Central, Commercial, Liability, Risk Management
Tags: building, building contents, building coverage, business income coverage, commercial, commercial building, Commercial general liability, commercial insurance, commercial policies, commercial property, exposure, exposures, general liability, liability, office, office building, offices, property
Light industrial is a term you often hear when discussing commercial insurance, but what does it mean? Typically, light industrial refers to operations such as machine shops, sheet metal work (shop only, no installation), and manufacturing of metal goods,…
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Category: Business, Commercial, Employees, Liability, Loss Control
Tags: blanket additional insured, business income coverage, commercial, commercial building, commercial insurance, commercial property, coverage, coverage gap, electrical safety, electronics, equipment, equipment breakdown, equipment breakdown coverage, exposure, food handling, food service industry, liability coverage, light industrial, loss control, loss control inspection, machines, manufacturer, product liability exposure, protection, safety, workplace, workplace safety
The role of a risk manager within an organization has certainly changed over the years, taking on additional responsibilities as exposures continue to change. At its core, sound risk management consists of identifying the risk, analyzing and evaluating it, appropriately…
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Category: Business, Central, Commercial, Risk Management
Tags: business, business income coverage, commercial, dependent business income, dependent properties, loss of business income, risk management, supplier
Many businesses rely on third parties for parts and supplies that go into their finished products; these third-party firms are part of the primary companies supply chain. This is especially true of manufacturers. Any disruption in a firm’s supply chain…
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While most business owners are aware of the importance of insuring their buildings, personal property, and commercial vehicles, they often overlook a very important coverage – Business Income Coverage. For starters, it can be confusing to determine a coverage limit….
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Fall. Although the shorter days and cooler temperatures mark the beginning of many exciting seasons – football, hunting, festivals, holidays – unless you are blessed to be living in the South, it also marks the end of one of the…
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Category: Business, Central, Commercial, Liability, Loss Control, Risk Management
Tags: business income coverage, country club, errant ball, fairway, golf, golf cart, golf course, golf course greens, golf course grounds, golfing, municipal course, property coverage, putting green, sand traps
Recent summer storms caused business owners in several states to close their doors due to power outages caused by high winds downing power lines. Many have been surprised to find that their Business Income Insurance did not include coverage for…
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Category: Business, Central, Risk Management, Weather
Tags: business income coverage, business interruption coverage, cause of loss, communications, interruption of power, loss of profit, power, power lines, power outage, time element, uttility services, water supply