Surviving an Economic Downturn with Right Insurance

There are only two cases for all businesses during an economic downturn — they will either manage or wither away. Business insurance plays a great role in making sure that your venture falls under the former case. Here are some tips: Review your revenues, active contracts and operations with your insurance broker Update your equipment… Read More…

Pointers When Moving Towards Merger and Acquisition

When it comes to mergers and acquisitions, it is vital that both businesses involved review and update their insurance covers to ensure that all risks are accounted for. Here are some of the most essential points to consider: Look into all of the seller’s existing insurance policies. Inquire regarding any potential liabilities that are not… Read More…

How to Protect Yourself from Subcontractor Liability

Hiring a subcontractor can hold a number of risks for contractors. This includes the risk of being held liable if ever an accident occurs involving the former. To ensure that your transaction is secure, make sure that the company is equipped with the following: Minimum of $1,000,000 general liability insurance Policy form: Occurrence AM Best… Read More…

Why You May Need Umbrella Liability Insurance

An umbrella liability insurance is designed to cover costs that exceed the limits on traditional home, auto and watercraft insurance. This allows an individual to avoid being burdened by potentially catastrophic financial loses. The reality is that very few policies can provide you with all the coverage that you need, and investing in an umbrella… Read More…

Top 10 Business Property and Liability Insurance Claims

An entrepreneur realizes just how valuable insurance is when his business goes through a disaster and has to proceed with a claim. But among small business owners, are you aware of the most common types of property and liability insurance claims? Here are the top ten: Burglary and theft Water and freezing damage Wind and… Read More…

With Innovation Comes New Risks

The changing technology and information systems are introducing new sources of risks for business owners. Lori Nugent, shareholder at Greenberg Traurig L.L.P., differentiates the between those who do a good job protecting themselves from cyber breaches and those that pay very little attention to the matter. Kristy Harris, manager of corporate insurance for Southwest Airlines Co.,… Read More…

How to Save on Business Insurance

Many entrepreneurs still find the cost of business insurance a high price to pay in getting rid of risks and securing their venture’s future. However, while it should be enough to say that insuring your business is definitely worth its finances, there are also a couple of steps that business-owners can take to minimize their… Read More…

How to Find the Right Business Insurance

Not all business insurance policies are the same. Some of them may cost more than others while offering greater coverage. Others may simply be best for specific types of businesses. Before you buy insurance for your business, make sure you consider the following advice: Assess the risk associated with your business Use an independent insurance… Read More…

Preventing Liability Claims Against Your Business

Business insurance is one way of securing your business’ future. However, this does not mean that you are free to neglect the safety of your premises. Here are some pointers on preventing accidents or any other possible cause of liability claims in your store or workplace: Perform routine inspection on parking lots and sidewalks Prevent… Read More…

Ways to Get the Best Property Insurance Rates

When it comes to renewal period, most companies have a hard time getting the underwriters’ attention. And because competition is so much tougher, it is important that these companies articulate their renewal goals, expectation and objectives well to be able to give the underwriter a better understanding of their company. According to Bill Way, senior… Read More…