November 7, 2024
jdowdinsHow To Protect Your Business From Lawsuits
Lawsuits can affect a small business’s finances and reputation, so business leaders need to be proactive to mitigate these risks. Small businesses in all industries face the potential of lawsuits. These disputes can require substantial money, time and effort, and they can damage a company’s reputation, regardless of the case’s merits or outcome. Considering these […]
November 5, 2024
jdowdinsWhat Is the 80% Rule in Home Insurance?
One particularly important aspect of home insurance is what’s known as the 80% rule. This guideline is enforced by home insurance carriers and generally exists to ensure you’re maintaining certain coverage limits relative to the estimated cost of a complete home rebuild. The 80% rule states that your home insurance policy must have coverage limits […]
October 31, 2024
jdowdinsLower Your Home Insurance Costs By Maintaining Your Roof
Maintaining your roof can save you money, while a roof that is not regularly maintained may lead to difficulty in obtaining coverage. Ways you can prolong the life of your roof: Invest in Maintenance Identify issues early on so that they can be addressed promptly. Look for staining, lifting, cracking, missing or loose shingles, and […]
October 29, 2024
jdowdinsDoes Your Business Have A Safe Parking Lot?
The Importance of Parking Lot Safety Maintaining a safe parking lot is a crucial but often overlooked part of a small business’s risk management plan. A well-maintained parking lot not only helps prevent injuries and minimize liabilities but also contributes to a positive customer experience, a strong reputation and improved employee morale. While safety efforts […]
October 23, 2024
jdowdinsSafety Tips for Teen Drivers and Their Parents
Handing a teenager their first set of car keys can carry significant risks. In fact, recent research from the Centers for Disease Control and Prevention found that drivers ages 16-19 are more likely to be involved in a motor vehicle crash than any other age group. Nevertheless, newly licensed teens and their parents can work […]
October 21, 2024
jdowdinsSeven Commonly Overlooked Business Insurance Policies
Business insurance is essential for keeping a company financially resilient should disaster strike. While most employers know that they should purchase basic forms of insurance, such as a commercial general liability policy, they often overlook other important types of coverage that provide valuable financial protection and peace of mind. 7 Types Of Insurance Every Business […]
October 17, 2024
jdowdinsHow To Avoid Insurance Coverage Disputes
It is often beneficial for businesses to implement strategies to avoid coverage disputes altogether. Business leaders can take the following measures to help accomplish this goal: Proactively review insurance policies. Employers and business leaders should Ensure coverage aligns with current business risks, especially after growth or operational changes. It’s crucial to seek clarifications regarding any […]
October 16, 2024
jdowdinsHow To Resolve Insurance Coverage Disputes
Disagreements can arise between businesses and insurers over what a policy covers or how much an insurer should pay on a claim, potentially leading to financial strain and operational challenges. To mitigate these risks, business leaders must understand the steps to resolve them, including alternative dispute resolution (ADR) options and litigation. Alternative Dispute Resolution (ADR) […]
October 15, 2024
jdowdinsHow To Navigate Insurance Coverage Disputes
Coverage disputes can be expensive, time-consuming, stressful and confusing. The following measures can help businesses navigate these challenges effectively: Thoroughly review insurance policies. Business leaders should carefully review their insurance policies and ensure they understand key terms, exclusions, coverage periods, premium payment timelines and other obligations. Understanding the scope of coverage and any limitations can […]
October 14, 2024
jdowdinsCommon Causes of Insurance Coverage Disputes
Insurance plays a crucial role in a business’s risk management strategy, offering financial assistance after covered losses to ensure continuity in their operations and minimize disruptions. However, disagreements can arise between businesses and insurers over what a policy covers or how much an insurer should pay on a claim, potentially leading to financial strain and […]