insurance Tag

21 Apr Would you like to see our Wine List? Liability Stemming From the Sale of Alcoholic Beverages

Posted at 19:24h in Risk Management

In addition to serving meals, many food service establishments have become their community's local watering hole. This can be welcome news because offering wine with dinner or serving a few cocktails during the 'big game' may serve to boost the bottom line. And, during these...

15 Mar Minimizing Risk in Self-Storage: Employment Practice Liability Insurance

Posted at 18:44h in Risk Management, Self-Storage

What the risk-management process lacks in excitement it more than makes up for in importance. Since the absence of an effective risk-management plan can undermine even the most successful business, minimizing or eliminating risk is the cornerstone of any profitable commercial venture. When developing a risk-management...

09 Mar Uninsured Motorists: Their Cars May Be Stacked Against You

Posted at 18:35h in Risk Management

Did you know that by 2010, approximately one in six drivers across the United States may be driving without insurance? According to a recent study from the Insurance Research Council, the current recession is expected to trigger a sharp rise in the rate of uninsured...

09 Mar Dangerous Shallows: Using Credit Insurance to Protect Your Assets

Posted at 18:30h in Commercial Insurance, Risk Management

John F. Kennedy once said that "a rising tide lifts all boats" to illustrate the idea that everyone benefits from a strong economy. Although the accuracy of this macroeconomic view may be challenged, its optimism cannot. However, if this premise is correct, then the opposite...

02 Dec Did You Know? November 2008

Posted at 18:17h in Commercial Insurance

Did you know that your business equipment is exposed to a unique set of risks not common to other types of property? When your equipment suffers a sudden, accidental breakdown, as a result of an event like an electrical short circuit or a power surge,...

02 Dec Minimizing Risk Created by Delivery Drivers: More Than Just Food in Less than Thirty Minutes

Posted at 17:10h in Risk Management

Many food service establishments offer delivery services to their customers. Although this convenience provides the opportunity to increase revenues, it may also be accompanied by the unwanted consequence of increasing liability exposure. By placing delivery drivers on the road to advance a specific business interest,...

01 Dec Protect Your Business: Dishonesty Bonds

Posted at 16:30h in Commercial Insurance, Risk Management

True story: A bookkeeper for a gas station began stealing from his employer, embezzling thousands of dollars in just a few months. The owner, unaware of the employee's dishonesty, went on vacation, leaving the bookkeeper with unsupervised access to the business's bank accounts. Upon returning,...

17 Oct Did You Know? October 2008

Posted at 16:03h in Commercial Insurance, Risk Management

Did you know that in the event of a disaster, business interruption insurance can be just as vital to the survival of your business as coverage for your building and its contents? While many business owners are concerned about property damage and the accompanying financial loss...

16 Oct Is Crime On Your Menu? If So, Take It Off

Posted at 15:56h in Professional Liability, Risk Management

You've often heard that crime doesn't pay, but you should be aware that it can be quite costly when it occurs at your place of business. According to the Federal Bureau of Investigation, approximately 1.5 million violent crimes occurred in the United States in 2007. Usually,...

16 Oct Surety Bonds for Construction Firms: What Contractors Should Know

Posted at 15:25h in Commercial Insurance, Risk Management

It goes without saying that before entering into a contract, especially a construction contract, any prudent businessperson should make sure that the contractor is not only qualified to do the work but also able to meet all the financial obligations required by the job. After...