As a business owner, protecting your enterprise from unforeseen events is crucial. Business insurance provides a safety net to mitigate financial losses when disaster strikes. However, knowing how to file a business insurance claim effectively is equally important.
This article will detail the steps required to file a claim, analyze common scenarios that necessitate making a claim, and offer proactive steps to reduce the need for future claims.
Businesses host parties for a variety of reasons, including the holidays. While these events are fun, team-building opportunities, they can create several risks. If an employee is injured at the holiday party or causes property damage, the employer is usually the one held responsible. This can lead to a possible lawsuit that could harm the company.
To avoid major losses, it’s not only important for employers to secure the right business insurance coverage, but to also have a thorough understanding of common holiday party exposures.
Recovering a commercial business in the aftermath of a hurricane can be challenging. According to the Federal Emergency Management Agency (FEMA), more than 40% of businesses don’t reopen after a disaster.
The following hurricane cleanup tips can help organizations increase the likelihood that the business will survive a severe storm.
Businesses of all sizes are currently facing attraction and retention challenges. Successful efforts to win over employees can require an investment of time and carry high costs. Unfortunately, small businesses often don’t have excess resources to invest in attraction and retention efforts in today’s worker-friendly labor market.
Amid these labor obstacles, smaller employers should focus on what’s feasible. Often, small employers have the agility to respond to the employment market with new strategies. This article highlights some small business tips for attracting and retaining employees.
Business interruptions can occur after an anticipated or unanticipated event that delays or disrupts a business’s normal operations. Natural disasters, fires, cyberattacks, or the loss of a critical supplier can halt operations for an extended period of time, leading to a cash-flow imbalance that could force a business to close for good.
In this article, we’ll discuss some ways to minimize business interruptions. Let’s get started!
When someone’s traveling along the freeway in a remote area with limited cell service the last thing they want to worry about is breaking down. In this scenario, you typically have two options. You can call a tow truck or try to address the problem yourself. Fortunately, this is where roadside assistance would come in handy.
In this article, we’ll discuss the benefits of roadside assistance coverage and how you can get it. Let’s get started!
If a fire causes the facility to be temporarily unusable, what would you do next? Ideally, you would move to a temporary location while your permanent place of business is being repaired. Yet, traditional commercial insurance doesn’t cover this move or a loss of income when a business must temporarily close.
With business interruption insurance, this setback can be minimized by simply adding this coverage to your commercial insurance policy.
If you’re looking to expand your business or make any sort of changes then updating your business insurance policy is critical. As your business grows, your workforce and premises will likely develop, which calls for added security and protection.
This is where business insurance comes in, so even if you already have a policy, you’ll need to update it regularly to make sure your coverage corresponds with your company’s value. This means your policy should provide adequate protection against various kinds of losses you may incur. By doing this you won’t be underinsured in any way.
Without further ado, let’s discuss the five scenarios when a business should update its business insurance policy.
Liability insurance is a type of coverage that protects your business against property damage and bodily injury claims. Usually, in these instances, the party that’s been affected feels your business is financially responsible for the damages they’ve incurred. They could attribute their damages to several factors, such as your advertisements, services, or operations. Essentially, this insurance works as a safety net in the event you’re found negligent.
Here’s an example to give you a better idea. Imagine that you run a fast-food restaurant and someone slips and falls from some ice on the floor. While some will brush off the incident, others may decide to file a lawsuit against you. With the help of liability insurance, your legal costs will be covered and so will their medical bills if you’re found liable.
In this article, we’ll discuss the benefits of liability insurance for businesses in Georgia. Let’s begin.
Do small businesses need insurance? This is a very common question that many people have. And the simple answer is yes! You need insurance for your small business, but you can’t just select the cheapest policy you find. In fact, there’s a lot to consider, such as your limits, exclusions, and risks. To find the best policy that meets your business’s insurance needs, you must compare all your quotes.
In this article, we’ll discuss the process of selecting the best small business insurance and how to compare quotes. Let’s begin.