Many businesses buy commercial insurance thinking that the policy they have covers most if not all things that might go wrong and cause a loss to their business. That kind of thinking can lead to an uninsured loss. We take the time to educate ourselves on your risks, and then design an insurance program to… Read more »
Posts Categorized: Workers Compensation
Is It Raining Lawsuits In 2018?
A Business Insurance Update We live in a society where there are more lawyers than doctors. It seems that the typical response when someone has been damaged is to hire a lawyer and threaten a lawsuit. Most businesses can’t afford to be in court to defend every action. That is why commercial insurance is so… Read more »
How To Protect Your Business From Fraud
A Business Insurance Update Businesses Have many different risks to manage including; cyber risk, employment issues, fire and even insider fraud. Fraud experts have found that the average fraud loss averages $50,000, (The Association of Certified Fraud Examiners). Your commercial insurance program should include employee dishonesty or fidelity, including losses due to employee dishonesty, credit… Read more »
Insurable Risks Derived From Growing Businesses
A business insurance review Recently, small business owners were surveyed to help identify some of the top risks they faced when growing their businesses. Many small business owners are unaware of the new, and increased, risks that come with growth. For example, many business owners erroneously think that a claim is not covered, so they… Read more »
Is Workers’ Compensation Changing With The Times?
Workers’ compensation is designed to protect injured workers from on the job accidents or injury. Workers’ compensation also protects employers from large medical bills and time-loss claims. This kind of insurance is an important part of your business insurance program. The risk climate has changed, and will continue to change, and it is important that… Read more »
Go Where The Pros Go… Platinum One Insurance Agency
A Business Insurance Update Most businesses purchase general liability insurance to protect the business against certain kinds of claims. These claims could include bodily injury and property damage. Professional Liability insurance, also called Errors and Omissions insurance, protects against a claim from a third party who suffers a financial loss because of services or actions. … Read more »
How to Hire Part Time Seasonal Workers
Business Insurance update This is the time of year when your business will be hiring part time workers to help you manage the holiday season. For the most part, you will not need to modify your business insurance, but if you add new classifications or payroll, it may affect your workers’ compensation insurance. Now might… Read more »
Is Your Business Ready For The New DOL Overtime Rules?
Business Insurance Update Is your business prepared to undertake new overtime rules that will be set into place on December 1, 2016? If you are fined because of non-compliance, your business insurance will not provide coverage. Business insurance policies are not designed to cover government fines. The US Department of Labor (DOL) released the final… Read more »