Blog Page 18
Top 3 Small Business Risks To Be Aware Of
There are many small business risks that you will face, some greater than others. Taking a proactive approach to managing these risks will reduce the severity of an event.
3 Defective Product Examples Your Business Can Learn From
If you have a business that designs, manufactures, or constructs products, you are exposed to liability once the product is out on the market. Liability from a defective product can be huge and the financial costs of such a lawsuit could cripple almost any business.
Religious Institution Insurance - An Overview
Religious institutions have risks unlike any other private or public institution. They are tasked with not only teaching their students or serving their community, but doing so while advancing their message.
Insurance For Houses Of Worship - Explained
As a pastor or church administrator, you are not only tasked with leading your congregation; you also have to create a stable financial foundation for your ministry to thrive. That means making sure donations are coming in. It also means making sure those donations are used to serve the church. Purchasing a great insurance program doesn’t just free you from worrying about catastrophic losses. It also lets you use church resources the way they were intended instead of preparing for disaster.
What Are SME Insurance Products?
There is a virtually unlimited number of different coverage options and combinations. However, there are some core coverages that every small and medium-sized business needs, no matter what industry they are in.
What Is Excess And Surplus Insurance?
There are many differences between excess and surplus versus standard insurance companies – often referred to as non-admitted and admitted, respectively. The biggest difference, however, is the amount of regulation between them.
What Is Food And Drink Insurance?
Running a restaurant or similar business is very complicated and comes with an incredible amount of responsibility. So how can your protect yourself? And what is food insurance? Food and drink industry insurance can help you manage this responsibility and protect your investments if an accident occurs.
Advantages And Disadvantages Of Usage-Based Insurance
Usage-based insurance (often called telematics-based insurance) is a growing feature of both personal auto and commercial auto insurance policies. It expands underwriting from the traditional metrics of age, gender, occupation, and financial information to also include a driving evaluation (performed by a GPS unit attached to your car). Should you try it?
Commercial Insurance Renewal Process: An Overview
The commercial insurance renewal process will look significantly different for every business. Still, each renewal involves some common elements of exploring changes to your company and working with your broker to react to different market conditions.
What Is Extra Expense Coverage?
Most business continuity insurance (also called business income insurance) involves extra expense insurance. This coverage can be found within the commercial property insurance policy and is triggered by a direct physical loss to either your business' contents or building. Extra expense coverage pays for actual, reasonable, and necessary operating expenses you incur during the period of restoration. The coverage specifies that payment is made only for expenses that would not have been incurred if there had been no damage.