July 24, 2024
jdowdinsWhat Are The Benefits Of Professional Liability Insurance
Although most service professionals prioritize taking good care of their clients and providing them with the best possible guidance, mistakes can still happen. When these errors occur, clients could face considerable harm, prompting them to hold service professionals accountable for their wrongdoings and leading to costly lawsuits. Fortunately, that’s where professional liability insurance can help. […]
July 10, 2024
jdowdinsCan A Business Insurance Claim Denied Because Of Late Notice?
The Importance of Timely Notice Under Claims-made Liability Policies Claims-made liability policies require timely notice of claims or circumstances that could lead to a claim for an insured to qualify for coverage. This allows insurers to properly investigate and respond to claims, which helps control costs and determine the legitimacy and extent of the claim. […]
June 17, 2024
jdowdinsWhat is Inland Marine Insurance?
Contrary to its name, inland marine insurance does not relate to the ocean or waterways; rather, it can help reimburse losses stemming from an organization’s products, materials and equipment getting damaged or lost due to covered perils that occur while these items are being transported over land (e.g., via van, truck or train). Such coverage […]
June 10, 2024
jdowdinsWhat Is The Difference Between Basic and Broad Commercial Property Coverage?
A business’s property is essential to its operations, so property losses can create substantial disruptions. Securing commercial property insurance is integral to a company’s risk management plan. Such insurance offers vital financial assistance to repair or replace commercial buildings, structures and their contents if they are damaged or destroyed by covered perils. Businesses have options […]
June 3, 2024
jdowdinsWhy Does My Business Need Employment Practices Liability Insurance?
In today’s increasingly litigious society, stakeholders are holding organizations more accountable for their poor decisions and wrongdoings, whether actual or alleged. When these incidents involve certain employment actions or contribute to a hostile work environment, they may result in costly lawsuits, ultimately leaving impacted organizations with significant legal expenses. Fortunately, that’s where employment practices liability […]
May 10, 2024
jdowdinsUnderstanding Commercial General Liability Insurance
General liability insurance, sometimes referred to as commercial liability insurance, protects businesses from financial loss should they be liable for property damage or personal and advertising injury caused by their services, business operations or employees. This video provides an overview of these policies and reasons why businesses should secure coverage of their own.
May 2, 2024
jdowdinsDoes My Business Need Equipment Breakdown Insurance?
If your business depends on functioning equipment to operate and maintain revenue, a breakdown could be devastating. The threat of breakdown is increasingly prevalent because technologically advanced equipment tends to be sensitive and fragile, and can easily sustain damage that causes breakdowns. And the losses sustained continue to increase with the rise of just-in-time manufacturing, […]
April 17, 2024
jdowdinsWhat Are Common Commercial General Liability Insurance Policy Exclusions
Commercial general liability (CGL) insurance is an essential form of coverage for any organization. Such a policy can provide much-needed financial protection if an organization is held liable for injuring third parties or damaging their property amid nonprofessional negligent acts or in the course of its usual business operations. This type of insurance may also […]
March 27, 2024
jdowdinsWhy Do Small Businesses Need Business Interruption Insurance?
Small businesses regularly face several risks that could necessitate a temporary shutdown or reduction of operations, both of which can have devastating effects on a business. One way businesses can protect themselves from the financial impacts of these occurrences is by securing business interruption insurance. This type of coverage can offer valuable assistance following a […]
March 15, 2024
jdowdinsHow To Protect Vacant Business Properties
Vacant buildings both face and pose several unique risks that must be addressed by property owners to safeguard their properties. These risks include elevated exposure to criminal activities, water damage, maintenance concerns, fire hazards, pest infestation and environmental risks. If a commercial property stays vacant for any period, it’s crucial to protect the investment and […]