Asset Protection
Commercial Auto Premiums – can you control them?
Commercial auto insurance rates are based on several factors – some you can control and others that you can’t! Frequency and severity of crashes, auto repair costs, medical and hospital costs, lawsuits and court judgments, insurance fraud, vehicle type, and deductibles are all variables dictating your premiums. This means that while your company’s inherent level…
Read MoreGeneral Liability Insurance – Your Company’s Defense
Even in the most well-run businesses, incidents happen. Whether these incidents result in property damage, bodily injury or both, they can be costly for businesses to deal with. As such, it is important for your business to be covered for a variety of possible risks. A commercial general liability (CGL) policy protects your business from…
Read MoreSurety 101: The Who and the What of Surety Bonds
You won’t get too far into any discussion of construction work without the issue of surety bonds coming up. The concept of suretyship is both extremely common and widely misunderstood, and sometimes confused with traditional insurance. Let’s take a look at what exactly a surety bond is, who’s involved and what their roles are. A…
Read MoreSplash! How’s the coverage on your PWC?
What is PWC Coverage? Personal watercraft coverage (PWC) may cover the following: Bodily injury to yourself, another rider, or swimmer injured in your path Property damage to items such as docks, other PWCs or boats Guest passenger liability Medical payments Theft of your PWC A typical policy will include a $250 deductible for property damage,…
Read MoreStructural Issues and Aging Buildings
Facilities managers need to keep a close eye on all components that make up a building’s functionality. While it may seem that structural issues only refer to the foundation and walls, the reality is that all systems within a building must be working optimally to keep the building structurally sound for the long haul. Many…
Read MoreRisk Management – Retail Operations
Owning and operating a retail store can be a fulfilling experience. Years of hard work, risk-taking and financial investments have allowed you to turn your dreams of opening a store of your own into a reality. Depending on the specific type of store you manage, there are a number of exposures to consider, including risks…
Read MoreLeading the Way: Ransomware Attacks in Manufacturing
For all the concerns about the manufacturing sector and how it’s been affected by supply chain issues, there is one area where manufacturing leads all other industries: ransomware attacks. According to Advisen loss data, ransomware attacks in manufacturing doubled from 2019 to 2021, making it the most targeted industry. This marks a shift from previous…
Read MoreForklifts – Essential to Warehouse Tasks
Forklifts, also called powered industrial trucks, are essential to warehouse tasks, but present dangers if not properly used and maintained. That’s why forklift drivers must be properly trained and follow all safety procedures and precautions. Here’s an outline of forklift safety tips. Maintenance Check that the truck is ready to operate and perform any necessary…
Read MoreBackground Checks: Security for the Security Industry
Employee background checks are a vital tool in many industries, especially those dealing with sensitive data or financial matters. When your business is ensuring the security of other businesses, though, the exposures get even greater and background checks become even more important. Roughly 10 percent of job applicants across all industries have a criminal record…
Read MoreFlash-Robbed: The Growing Menace of Flash Mob Robberies
When you hear the term “flash mob,” you probably think of a bunch of people breaking into a song-and-dance number at, say, a train station or shopping mall. But the flash mob has a darker side in the form of flash mob robberies, and unfortunately it’s a growing trend. The concept is the same: A…
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