Business insurance is a must-have for just about every company, regardless of size. The fact is, though, that there is a huge range when it comes to the costs of premiums for the various business policies available. So, while you want to make sure you’re fully protected, you also don’t want to be paying more…
The construction industry, and those related to it, including architecture and engineering, are heavily affected by risk. Every day, you put a team of skilled individuals in positions that could lead to injury. Mitigating and managing that risk is not a one task process. Good risk management for contractors requires a full understanding of every potential risk…
Insuring the property your business owns is essential to your long-term stability and profitability. This kind of policy can cover a variety of things depending on the type of property you have, the nature of the business you operate, and what the particular risks are in your area. Understanding the risks that impact your…
While it’s true that only a very small percentage of worker’s compensation claims are fraudulent, even these few can have a significant impact on businesses both large and small. For that reason, it’s important to be able to recognize the warning signs of a fraudulent claim and know what to do to protect yourself…
Purchasing business insurance is an essential step to take to protect the long-term stability and financial security of your company. It can also be a complicated and tedious process, however, and so most people choose to complete the purchase through a broker or agent. While in practice, there’s often not much difference in working with…
A good percentage of employers have dealt with malingering at one point – or the act of exaggerating or feigning illness to get out of work. While only a small number of workers’ comp claims are fraudulent, quite a few claims (nearly 25% of all lost-time claims) are “exaggerated.” This is also known as malingering. In other…
The potential risks that arise in the day-to-day operations of a construction business are substantial. Some are related to in-progress projects, while others may have to do with the fundamental structure of your business operations and accounting practices. Regardless of the specific risk, however, it’s important to take steps to mitigate and manage it in…
In case you haven’t noticed, severe weather is on the rise across the nation and as winter phases into spring, Mother Nature is sounding off the alarms for the spring storms. Without the right insurance, damage from these storms will hit the hardest for small business owners. Nationwide Insurance recently conducted its annual “Small…
Small business loans come in a wide variety of shapes and sizes, and that can be a huge help when you’re trying to grow your business, as you can likely find one perfectly tailored to suit your needs. But it also means that you need to know what your needs are and what kind…
In recent years, U.S. insurers have been pressured by rising costs on auto policies as distracted drivers and repair costs soar. The nation’s largest property/casualty insurer, State Farm, reported that annual profit fell 94% on car insurance claims costs. To make matters worse, the underwriting loss from auto insurance widened to $7 billion from $4.4…