Commercial Insurance - Setnor Byer

20 Nov Office Holiday Parties: Revel without Regret

Posted at 20:14h in Commercial Insurance, Human Resources, Professional Liability, Risk Management, Safety

Many employers consider a company-wide holiday celebration an excellent opportunity for employees to mingle socially and get to know one another better. It's also a chance for senior management to interact with employees they rarely see throughout the year. Though holiday parties can create a...

15 Oct How Can Safety Reduce Workers’ Compensation Insurance Premiums?

Posted at 14:28h in Commercial Insurance, Human Resources, Risk Management, Safety

Workers' compensation insurance provides indemnity and medical benefits to employees injured on the job. Many states, including Florida, set the premiums for workers' compensation insurance, so shopping around isn't the way to save money. However, employers can reduce their workers' compensation insurance premiums by maintaining...

30 Jul A Contract’s Fine Print: Find the Devil in the Details

Posted at 12:45h in Commercial Insurance, Risk Management

Contracts are an essential part of doing business. Regardless of size or industry, contracts with customers, vendors, suppliers, service providers or independent contractors are an important part of a business's operations. While good contracts can help manage risk and maintain good working relationships, bad contracts...

23 Jul Is Your Self Storage Facility Prepared for the Next Disaster?

Posted at 12:40h in Self-Storage

Preparation is the key to surviving a natural or human-caused disaster. Nevertheless, a survey by the Ad Council found that 62% of respondents did not have an emergency plan in place for their business. Since up to 40% of businesses affected by a natural or...

16 Jul A Narrow View of Cyber Risks Can Leave You Overexposed

Posted at 19:17h in Commercial Insurance, Risk Management

Recent, high-profile incidents show that every business is at risk of suffering a data security breach, regardless of size, resources or sophistication. To combat the risk, many organizations are taking steps to identify and secure organizational vulnerabilities, such as wireless networks, laptop computers, and even...

18 Jun Loss of Business Income Caused by Civil Authority Action

Posted at 18:55h in Commercial Insurance

Public safety concerns may prompt civil authorities to take action to protect people and property. For example, a governor can issue a mandatory hurricane evacuation, a mayor can close roads during inclement weather, the police can enforce curfews during riots, or a fire department can...

30 Apr Is a Resident Manager Ideal for Your Self Storage Facility?

Posted at 18:03h in Self-Storage

Resident managers are not as common as they used to be in the self storage industry. For some self storage facilities, however, a manager living on the premises may be the key to running a successful operation. Though cost is an important factor when deciding...

16 Apr Why Did I Get a Reservation of Rights Letter?

Posted at 16:09h in Commercial Insurance

Upon receiving notice of a claim, an insurance company must determine whether it is covered by a policy. If a claim is clearly covered, the insurance company will begin the process of defending or indemnifying the insured. Alternatively, claims that are clearly not covered will...

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