All business owners hope they will never have to face the financial and emotional devastation of a sexual misconduct claim. Unfortunately, claims of sexual misconduct are not uncommon and can happen in any business. On average, there are 15 new claims of sexual misconduct every month and there are roughly 150 sexual misconduct claims pending […]
Understanding Liability Issues When Injuries Occur on Your Property
Have you ever wondered whether you would be liable for a guest’s injuries that occurred on your property? While property liability policies may vary, your responsibility for injuries on your property usually depends on a number of factors. Your Liability May Depend on the Visitor’s Legal Status Whether or not you are liable for another’s […]
A Short Guide To General Liability Insurance For Contractors
As a contractor, you face a variety of different situations on a daily basis as part of your job. This variety of different situations can open you up to a number of risks that have the potential to cause massive financial damage. Liability issues in particular can be extremely costly and can cause you to […]
Protect Your Consulting Firm
Consultants work in a variety of industries. Other professionals rely on your agents to provide valuable advice in creative and business projects. When you offer professional advice, there is always a chance that you could make a mistake or your advice might not go according to plan. For this reason, you need to have consultant […]
How Risk Retention Becomes Risk Management
Every business in every industry faces risks every day. To mitigate the risk, businesses invest in different insurance policies. For example, if someone slips and falls in your business and suffers an injury, then your liability insurance should be able to cover the legal fees associated with a lawsuit. Workers’ compensation, as another example, covers […]
Protect Temporary Staff With EPLI
Staffing agencies face unique exposures related to employment issues. These companies must have Employment Practices Liability Insurance to protect against employment-related claims. It is vital to protect temporary staff with EPLI coverage. Staffing Industry and EPLI Businesses that provide temporary workers face different challenges and risks due to employees’ placement in other locations. Staffing companies […]
Public Liability Insurance for Building Work
Running a construction site is a complicated matter. Numerous circumstances affect building locations, and many of them are unpredictable. Contractors must purchase public liability insurance for building work to protect against accidents and any possible liability arising from them. Understanding What Liability Insurance Covers Public and general liability insurance for builders covers specific situations, including: […]
Accidents Happen: Protect Yourself as a Marine Surveyor
As a marine surveyor, you have a complicated and important job to perform. Insurance companies and vessel owners rely on you to report on the condition of a vessel. Your results could affect settlement costs, sale costs and more. When you have that much responsibility, you need marine surveyor E&O insurance. The Risks to Marine […]
What Is Excess Coverage for Workers’ Compensation?
If your small business is self-insured under a workers’ compensation plan, you already took the first step in employee and business protection. Unfortunately, workers’ compensation plans do have limits. For example, could your business or insurance coverage handle a claim upward of $250,000? If you worry about financial hardship due to workers’ compensation claims, you […]
How Can You Reduce Your Workers’ Compensation Premiums?
When it comes to workers’ compensation premiums, all companies want lower premiums. How can you ensure that your premiums remain low? One way is to invest in risk mitigation to reduce the number of accidents on the job site. One way that your premiums are determined is through your ex mod rate. Here is what […]