Insurance Programs Tag

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...

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...

11 Sep My Friend Crashed My Car

Posted at 13:21h in Personal Insurance, Safety

At one time or another, most of you have let a friend borrow your car. Unfortunately, many of you probably weren't thinking about insurance coverage as you handed over the keys. So what do you think, if your friend gets into an accident while driving...

03 Sep Understanding Business Insurance: What is BOP?

Posted at 13:17h in Commercial Insurance

Many businesses take a piecemeal approach to buying insurance. One policy for property insurance, another for liability insurance, and so on. Unfortunately, this approach can be difficult and time consuming, particularly for small- and medium-sized businesses. For these businesses, a Business Owners Policy, a BOP,...

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...

02 Jul Shopping for Homeowners Insurance Video from Tower Hill® Insurance

Posted at 19:05h in Personal Insurance

For most people, their biggest purchase is their home. Following the four must-dos for shopping for homeowners insurance can help you find the best value and the best protection for your home: Get advice from a professional agent who will take the time to guide...

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...