Category: Business Insurance

Tips For Filing a Business Insurance Claim

Operating a successful business requires preparing for the unexpected. If it happens, business insurance provides peace of mind that some costs will be covered. Before filing a business insurance claim, it is important to understand what to expect. Understand Your Coverage Prior to making any claim, businesses should have a clear understanding of the insurance

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Selecting the Best Insurance for Your Business

Protecting yourself with appropriate insurance is key to the long-term success of your business. Though this might be obvious in a number of ways, many business owners struggle with putting together coverage that adequately meets their needs. Selecting the right plan takes time and effort, meaning you will need to put some energy into the

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Benefits of Commercial Auto Insurance

Benefits of Commercial Auto Insurance Depending on the type of business, having company vehicles is essential to success and meeting customer or client needs. Whether it’s a car for business travel, truck for deliveries or another type of needed transportation, minimizing risk and protecting people and property is essential. Acquiring commercial auto coverage is key

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How Insurers Benefit From MGA Data

A managing general agent or MGA company has underwriting authority by insurers and can administer programs. The MGA’s role is to manage the insurance business of an insurer and act as a broker or intermediary between agents, carriers, and the insured entity. If you are a carrier seeking leads, you may benefit from a list

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Protect Financial Assets With Lender-Placed Insurance

Lender-placed insurance coverage is a type of policy placed by a financial institution on a home or property when the borrower fails to maintain personal coverage. Inadequate Coverage Mortgages require borrowers to have adequate protection on their property. Sometimes an owner fails to meet the requirements, and the lender needs to protect its financial interest

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How the History of the Laundry Industry Impacts Your Company’s Present

The laundry industry has a long and interesting history. While the concept of washing and cleaning articles of clothing is one that has been around almost as long as clothing itself, laundering as it exists today has its own origins. Some believe the Romans were the first to establish what would be viewed as commercial

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Effective Risk Management for Nonprofit Organizations

Running any type of nonprofit organization requires resourceful budgeting and comprehensive risk management strategies. This is particularly true of organizations whose mission advancement relies heavily on grant-funded activities and volunteer-driven initiatives. Here are some ways to manage your organization’s risk exposure while protecting its fiscal well-being. Plan Carefully If your organization doesn’t carry insurance that

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Protecting Your Company from Executive Liability Exposure

All successful companies put significant consideration into how to protect themselves from general liability relating to their activities and operations. However, it’s equally important to evaluate protection for board directors and corporate officers who may face potentially significant liability in the event of a legal claim; claims can be made both jointly and severally against

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The Rapidly Shifting Landscape for Business Insurance Providers Amid the COVID-19 Pandemic

Across the nation, the curve of COVID-19 infections has risen sharply upwards and is rapidly approaching the numbers seen in China and Italy. In response to the crisis, governors of an increasing number of states are issuing quarantines and shelter in place directives. Non-essential businesses are having to shutter their stores, with many uncertain as

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Understanding Group Health Coverage

If you’re an employer or employee, you may have some questions about group health coverage. While it’s important to talk to your insurance provider about specifics, here is some general information about group health insurance plans. What Group Health Insurance Is A group health insurance plan is intended to cover a group of people, usually

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