Business Insurance Tag

19 Feb Business Insurance 101: Certificates of Insurance

Posted at 20:16h in Auto Insurance, Commercial Insurance, Condominium Governance, Cyber Risk, Professional Liability, Risk Management

Certificates of Insurance make the business world go round and round. General contractors demand them from subcontractors. Commercial lenders request them from borrowers. Landlords require them from tenants. Virtually every business will request or will be asked to provide a Certificate of Insurance at one...

31 Aug Don’t Lose Sight of Security Among the Internet of Things

Posted at 12:37h in Cyber Risk, Professional Liability, Risk Management, Safety

Did you know that there will be nearly 21 billion devices connected to the Internet by 2020? According to Gartner, an information technology research company, 5.5 million new devices are connecting every day. This rapidly growing network of Internet-enabled physical devices capable connecting, communicating and identifying...

18 Aug Business Interrupted? Don’t Let a Property Loss Jeopardize Your Business

Posted at 19:26h in Commercial Insurance, Employee Benefits, Professional Liability, Risk Management

Did you know that nearly 40% of businesses do not reopen and another 25% fail within a year after a catastrophe or disaster? The actual loss or damage to buildings, facilities and property is often the reason for this frightening statistic, but it isn’t the...

21 Jul OSHA’s Revised Injury and Illness Record keeping and Reporting Requirements

Posted at 16:49h in Professional Liability, Risk Management, Safety

Each year there are more than 3 million serious (requiring more than first aid) workplace injuries and illnesses. Given the Occupational Safety and Health Act’s requirement that employers provide safe and healthy workplaces, this number is unacceptably high. To address this problem, the Occupational Safety...

02 Jun Florida Supreme Court Ruling May Increase Workers’ Compensation Premiums

Posted at 20:41h in Commercial Insurance

A recent decision by the Florida Supreme Court may soon have employers paying substantially more for workers’ compensation insurance. In Castellanos v. Next Door Company, the Court ruled that Florida’s mandatory workers’ compensation attorney fee schedule is unconstitutional. In response to this ruling, the National...

05 May Did You Remember to Insure the Business Part of Your Home-Based Business?

Posted at 18:15h in Commercial Insurance, Personal Insurance, Risk Management

They say home is where the heart is or where you hang your hat. According to the U.S. Census Bureau, it’s also where many of us work and run our businesses. People work very hard to make their home-based business a success, but for some...

23 Mar Did I Just Expose Your Password?

Posted at 16:44h in Cyber Risk, Professional Liability, Risk Management

Virtually every aspect of our personal and professional lives is password protected. Forgetting your password is like forgetting where you parked. You’re stuck. With so many passwords to remember, we try to make passwords easier to remember by taking shortcuts. Though some are clever, many...

17 Mar Does Your Business Need a USDOT or MC Number?

Posted at 16:12h in Auto Insurance, Risk Management, Safety

The Department of Transportation’s (DOT) Federal Motor Carrier Safety Administration (FMCSA) monitors and ensures compliance with motor carrier safety and commercial carrier regulations. Contrary to what many believe, 18-wheel trucks aren’t the only vehicles covered by FMCSA regulations. Depending on its operations, any business may...

10 Feb Using the Benefits of Representations and Warranties Insurance When Buying or Selling a Business

Posted at 14:41h in Commercial Insurance, Professional Liability, Risk Management

Deals to buy or sell a business typically include statements of fact by the seller about the business. These representations and warranties are then combined with indemnification provisions to allocate risks and liabilities between the parties. Negotiating representations and warranties can be challenging, and deals...

18 Nov Business Insurance 101

Posted at 17:58h in Commercial Insurance, Risk Management

Insurance is an essential part of running a successful business. Though you don’t have to be an insurance expert, a general understanding of the following business policies and coverages can help identify and fill potential coverage gaps. It can also make you a more informed...