buying business insurance Archives

Tips for Reducing Holiday Party Exposures

November 30, 2022 by Baily Sandage

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.

Small Business Tips for Attracting and Retaining Employees

September 28, 2022 by Baily Sandage

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.

Tips for Reducing Business Interruptions

September 14, 2022 by Baily Sandage

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!

Are You Covered in Case of a Business Interruption?

August 24, 2022 by Baily Sandage

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.

5 Reasons to Update Your Business Insurance

July 27, 2022 by Baily Sandage

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.

What Is Equipment Breakdown Coverage?

May 19, 2022 by Baily Sandage

While there are numerous types of coverage present in a BOP (business owners policy), one of the most important ones happens to be equipment breakdown insurance. This type of insurance acts as a safety net by protecting you against the mechanical failures that can occur during day-to-day business operations.

Let’s discuss the many items covered specifically, as well as the many benefits of purchasing this coverage.

Liability Insurance for Businesses in Georgia

May 16, 2022May 6, 2022 by Baily Sandage

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.

Comparing Small Business Insurance Quotes

April 21, 2022 by Baily Sandage

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.

Avoiding Common Business Insurance Mistakes

April 1, 2022 by Baily Sandage

Many things go into a business owner’s success, including intense labor, countless hours, lots of money, and attentiveness. Success isn’t overnight; therefore, it takes a lot of hard work and dedication to grow your business and generate a substantial profit.

Although most business owners grasp this concept pretty well, they often overlook a basic business component. Adequate and appropriate business insurance is necessary to secure the long-term viability of your business.

Business insurance will protect your business against losses, so make sure you invest wisely. However, buying business insurance can be difficult and confusing as you must consider numerous factors.

Not to forget, choosing the wrong policy can negatively impact the growth and success of your business. You can easily use some guidance to avoid some common yet potentially detrimental mistakes while buying business insurance.

In this article, we’ll discuss some common business insurance mistakes and how you can avoid them.

Tips for Running a Small Business in Georgia

May 16, 2022March 11, 2022 by Baily Sandage

According to research done by the U.S. Bureau of Labor Statistics, up to 20% of small businesses fail within their first year.

It can occur for various reasons, such as too much competition, poor customer service, or not enough marketing.

Therefore, if you open a small business there will be a lot of risks. To mitigate those risks you need to be prepared.

Here are four tips for running a successful and profitable small business in Georgia.