January 19, 2023
AgencyHandling Insurance Carrier Recommendations
As a business owner, you take on a certain level of risk—it’s unavoidable. Losses related to fires, floods, workplace accidents, products liability and other types of exposures are common for organizations of all kinds. To address these concerns, the right insurance policy can prove invaluable, allowing you to transfer risks and focus on growing your […]
January 30, 2023
AgencyHow To Protect Your Auto Repair Shop From Common Liability Exposures
While owning and operating an auto body repair shop can be a very rewarding experience, owners face a number of exposures that they will need to contend with on a daily basis in order to successfully run their business. It’s important to understand the challenges presented by these exposures, as they can cause significant damage […]
January 31, 2023
AgencyManufacturing: Lower Costs by Implementing Safety Programs
Across the country, employers pay almost $1 billion per week for direct workers’ compensation costs alone, which comes straight out of company profits. In fact, lost productivity from injuries and illnesses costs companies roughly $63 billion each year. According to the Occupational Safety and Health Administration (OSHA), workplaces that establish safety and health management systems […]
January 31, 2023
AgencyLoss Control Strategies For Auto Repair Shops
Running an auto repair shop carries numerous challenges. After all, auto repair shop owners are responsible for performing a wide range of services—whether it’s routine maintenance or significant repairs—to help customers keep their vehicles in good condition and stay safe behind the wheel. What’s more, auto repair operations also carry several liability, employee safety, security […]
March 27, 2023
AgencyGuide To Navigating Commercial Property Claims
Introduction In the event of a catastrophic commercial property loss, the process of getting your business back up and running can be overwhelming. Although infrequent, these types of claims can severely impact operations, earnings, team members and the company’s reputation. Responding to a loss can seem daunting in the moment, especially considering the first few […]
April 3, 2023
AgencyRansomware Survival Guide
Ransomware is any type of malicious software—also called malware—that infects a victim’s device or server and prevents the technology from working as it should or blocks access to certain data (e.g., confidential files or sensitive information) stored on such technology until the victim pays a ransom. Typically, the cybercriminals behind ransomware attacks demand bitcoin, a […]
April 24, 2023
AgencyUnderstanding Insurance Premium Audits
Audits can be daunting for businesses. An IRS or insurance audit or a vendor needing records can be a stressful experience. However, as long as you’re prepared, there is no need to dread an insurance premium audit. This blog discusses what a premium audit is, which insurance policies commonly include premium audits, the audit process, […]
June 15, 2023
AgencyUnderstanding Management Liability Insurance
Management liability insurance is a crucial component of an organization’s insurance portfolio, as it can provide coverage for a business and its leaders. Running a business entails a multitude of responsibilities and decisions. Whether they are making strategic choices or overseeing daily operations, business leaders are exposed to numerous risks. Management liability insurance consists of […]
June 22, 2023
AgencyHow Contractual Risk Transfer Can Help Businesses Reduce Insurance Claims
Contractual risk transfer (CRT) is a risk management technique that allows a business to shift potential liability to another party through a noninsurance contract or agreement. This mechanism aims to transfer risk to the party that is better equipped to manage and control it. While insurance is the most common method of risk transfer, CRT […]
June 22, 2023
AgencyHow Contractual Risk Transfer Can Help Businesses Reduce Insurance Claims
Contractual risk transfer (CRT) is a risk management technique that allows a business to shift potential liability to another party through a noninsurance contract or agreement. This mechanism aims to transfer risk to the party that is better equipped to manage and control it. While insurance is the most common method of risk transfer, CRT […]