Insurance News: Business Insurance Newsletter

Volume 24, No 3, May, 2016 Newsletter Archive
Protecting Your Business Against Mold

One of the worst effects of water damage comes in the form of a fungus called mold. Whenever water enters a building, mold can form on a wide range of materials, including drywall, wood, and carpeting. Because mold survives by decomposing and absorbing organic material, it can cause serious damage within a short period of time.

» Read more
Recruiting: Staying One Step Ahead of the Competition

Whether you run a small, family-owned business or a large company, attracting and retaining key employees is challenging in today's economy. Businesses often compete for skilled and talented employees in the same way they compete for a customer's business. So, how can your business set itself apart with top performers?

» Read more
Halogen Lightbulb Safety

Property and casualty insurance provides a cushion for many business owners in the event that their companies weather a disaster or other loss. But how do you know if you have sufficient coverage? On the one hand, excessive insurance could result in unnecessary expenses, yet insufficient coverage could leave you open to excessive risk and a potential for loss.

» Read more


Previous Risk Manager issues

+ Volume 24, No. 1 - January, 2016


Filling the Gaps with Endorsements

Companies may find it challenging when searching for affordable insurance policies to meet all of their business needs. Businesses concerned with stretching coverage over a wide range of potential risks may broaden those policies by obtaining endorsements. Endorsements address exclusions and limitations under a basic insurance program. There may be many choices available for filling gaps in coverage.

» Read more
Don't Let a Product Liability Claim Injure Your Bottom Line

Your company may be sued if a customer feels your product caused him or her harm. In some cases, it can even be held responsible in the absence of any corporate negligence. Under the legal doctrine of strict liability, a customer could sue your company even if he or she is injured while incorrectly using your product or didn't follow directions. Product liability insurance can help protect your company against liability for actual or alleged product defects.

» Read more
Insurance Certificates: The Key to Effective Risk Management

If your business hires contractors and other vendors, it may be important for you to confirm that these vendors have appropriate insurance coverage. In the event of a problem caused by the work of a hired subcontractor, you may be held liable if that vendor does not have proper coverage. One key element in an effective risk management program is to maintain an accurate and complete record of all insurance certificates, which are documents that detail both the amounts and types of insurance held by an individual or a business.

» Read more
+ Volume 24, No. 2 - March, 2016


Protect the MVP from a Disability Disaster

You may be your business's most valuable player (MVP), and proper measures should be taken to protect both your income and the livelihood of your business in the event you suffer a disability. To qualify for Social Security disability benefits, you must be severely disabled, and even then, you will have to wait at least six months for payments to begin.

» Read more
Securing Your Business: Inside and Out id="securing"

Crime is often random in occurrence, and there's no way of knowing who will be the next victim. Despite this fact, you may think it will never find its way to your company. Regardless of the type of business you own, workplace security is essential. Fortunately, there are actions you can take that may help make your business more resistant to crime.

» Read more
Property and Casualty Insurance: Covering Life's Uncertainties

Property and casualty insurance provides a cushion for many business owners in the event that their companies weather a disaster or other loss. But how do you know if you have sufficient coverage? On the one hand, excessive insurance could result in unnecessary expenses, yet insufficient coverage could leave you open to excessive risk and a potential for loss.

» Read more



+ 2015 Newsletter Archive

+ Volume 23, No. 1 - January, 2015


Important considerations for workplace monitoring

Many large U.S. companies and organizations have some form of workplace surveillance system in place for monitoring security. But with advances in technology, workplace monitoring has come of age and is also available to small business owners, to closely observe employee behavior. While many employers may use workplace monitoring for what they believe to be legitimate purposes, such as checking employee productivity, performing business-related quality control, or tracking sources of leaks in confidential company information, companies need to formulate specific guidelines and adhere to them for the proper usage of security systems, in order to abide by existing laws that help protect employee privacy.

» Read more
Employee fraud: costly problem, low cost solutions

Is your company susceptible to employee fraud? Small-to-mid-sized businesses may be especially vulnerable because they tend to place more trust in employees who have access to company assets, and they generally have fewer financial and security controls in place. The most commonly targeted assets are cash, tangible assets, intellectual property, and time.

» Read more
Pollution brings trouble in tow

In today's marketplace, evolving attitudes, new legislative and regulatory initiatives, and ongoing product and process innovations continue to create environmental compliance concerns for business owners. Since pollutants are surprisingly common and exist in different forms, most businesses, regardless of whether or not they handle hazardous materials, may have some type of environmental liability.

» Read more
+ Volume 23, No. 2 - March, 2015


Auto Theft: How to Avoid Becoming a Victim

Auto theft is a common and costly crime. Many stolen vehicles are never found, and those recovered are often stripped, vandalized, or destroyed. Although new car models come out each year with improved security systems as theft-deterrents, the bottom line is that any vehicle owned by your business is at risk.

» Read more
Brushing Up on Everyday Insurance Terms

You've heard time and again how important it is to be familiar with your insurance policies. However, we understand that this may not be as easy as it sounds. The insurance business, like most industries, has its own–often confusing–jargon.

» Read more
Company Recreational Activities–Who's Liable?

Recreational and social activities at company-sponsored events, or at the worksite during breaks, may provide a healthy and enjoyable experience for employees. But, who is responsible if a participating employee becomes seriously sick or injured, or even dies, while engaging in these activities?

» Read more
+ Volume 23, No. 3 - May, 2015


Terrorism Risk Insurance: Is Your Business Covered?

On April 15, 2013, two bombs exploded near the finish line of the Boston Marathon, killing three people and injuring nearly 300. In addition to the human casualties, many businesses near the blast site–small shops, restaurants, and bars–were closed for more than a week and lost income. Some business owners also suffered building damages, while perishable inventory had to be discarded.

» Read more
Additional Insured: Not Just a Name

As a business owner, you may enter into relationships with other businesses, government agencies, and individuals. These relationships may expose you to risk, such as liability caused by another party's negligence or faulty/hazardous products. "Hold harmless" agreements–provisions where one party assumes liability by indemnifying the first party–protect your company against potential liability– however, in many situations, you may want to also be covered as an additional insured by an insurance policy owned by that party.

» Read more
Are Your Employees Sharing Company Secrets?

Whether an employee is on your staff for one year or 10 years, it is likely that he or she will learn a lot about your company. Customer lists, product and pricing information, and marketing plans are examples of the kinds of confidential information your employees may come into contact with on a daily basis. When an employee leaves your company, if the information is shared with a competitor–either intentionally or by mistake–it could have a devastating impact on your business.

» Read more
+ Volume 23, No. 4 - July, 2015


Professional Liability Insurance

Today, claims of "negligence" are filed more frequently than ever before. This can be problematic for professionals because the failure to provide reasonable service could be cited in many situations. Negligence may be claimed in conjunction with a mistake, an oversight, or a failure to deliver services in accordance with standards established by your peers.

» Read more
Effective Cost Management Builds a Solid Foundation

From the smallest proprietorship to the largest international conglomerate, arbitrarily cutting costs can be a "quick fix" for improving the bottom line in a challenging economic climate. However, some cost management techniques may not be in the best long-term interest of an otherwise thriving company.

» Read more
What's an Injury Worth?

Business owners may feel a personal umbrella insurance policy is not worth the extra out–of–pocket expense because liability protection is already supplied through homeowners and auto insurance policies. However, umbrella policies provide at least $1,000,000 in additional liability protection.

» Read more
+ Volume 23, No. 5 - September, 2015


Termite Prevention for Business Owners

In the natural world, tiny wood-eating insects called termites digest cellulose and break down the wood of fallen and dead trees, facilitating the natural cycle of decomposition. In the business world, however, termites cause an estimated $5 billion in property damage annually, according to the National Pest Management Association (NPMA, 2014).

» Read more
Protecting Your Business with Boiler and Machinery Insurance

When a mechanical, electrical, or pressure breakdown occurs at your place of business, there's no time to waste. Without the necessary equipment repairs, you may have to close shop until machines are up and running again. In addition, businesses that store perishable products also face the risk of losing inventory due to spoilage.

» Read more
Operating a Business from Home

The typical risks associated with a home-based business may seem less significant to a larger company, but they canhave an extreme impact on the finances ofa home-based business owner. Consider what might happen to your company if your computer were stolen while you were away for the weekend. Or, what if important files were destroyed when water flooded your basement during a heavy downpour, or a courier fell in your driveway while delivering a package?

» Read more
+ Volume 23, No 6, November, 2015


Sexual Harrassment and Employment Practice Liability Insurance

In the natural world, tiny wood-eating insects called termites digest cellulose and break down the wood of fallen and dead trees, facilitating the natural cycle of decomposition. In the business world, however, termites cause an estimated $5 billion in property damage annually, according to the National Pest Management Association (NPMA, 2014).

» Read more
Frozen Pipes: A Preventable Nightmare for Business Owners

As temperatures plummet, pipes can freeze and cause serious problems for business owners. Water expands as it freezes, which can cause pipes to crack or burst. Pipes with inadequate insulation and ventilation can also freeze. Certain pipes, such as those near exterior walls, and in crawl spaces, basements, attics, and garages, are most susceptible to freezing.

» Read more
Being Your Own Boss

Running a business out of your home can be a lifestyle shift, particularly if you share your space with family members or a roommate. It may not be as easy to leave work at the office when the office is at home. Having a designated office space can help minimize the impact your home-based business has on your family. It may also reduce stress and increase the safety and security of your work. In addition, if you haven't done so already, you may want to consider a separate business phone line and Internet connection to further separate work from home.

» Read more

+ 2014 Newsletter Archive

+ Volume 22, No. 1 - January, 2014


Professional liability insurance

Today, claims of "negligence" are filed more frequently than ever before. This can be problematic for professionals because the failure to provide reasonable service could be cited in many situations. Negligence may be claimed in conjunction with a mistake, an oversight, or a failure to deliver services in accordance with standards established by your peers. In the past, mostly doctors, lawyers, architects, and engineers had to worry about the implications of negligence and protect themselves from potential lawsuits.

» Read more
Frozen pipes: a preventable nightmare for business owners

As temperatures plummet, pipes can freeze and cause serious problems for business owners. Water expands as it freezes, which can cause pipes to crack or burst. Pipes with inadequate insulation and ventilation can also freeze. Certain pipes, such as those near exterior walls, and in crawl spaces, basements, attics, and garages, are most susceptible to freezing.

» Read more
The importance of ergonomics

Ergonomics is the science of matching workplace conditions and job demands to the capability of workers. When successful, proper ergonomics increase productivity and job satisfaction, while helping to prevent work-related injuries. To begin tackling ergonomic concerns, appoint a committee representing management, all relevant departments, and employees who perform repetitive or hazardous tasks.

» Read more
+ Volume 22, No. 2 - March, 2014


Termite Prevention for Business Owners

In the natural world, tiny wood-eating insects called termites digest cellulose and break down the wood of fallen and dead trees, facilitating the natural cycle of decomposition. In the business world, however, termites cause an estimated $5 billion in property damage annually, according to the National Pest Management Association (NPMA, 2014). This is why prevention is essential.

» Read more
Insurance Advisory for a Safer Trip in Cyberspace

Business opportunities in the virtual world of electronic commerce abound, but they inherently include exposure to risks and possible losses. In fact, business owners who operate in cyberspace may be subject to risks that are not necessarily covered under their insurance policies.

» Read more
Security and Your Business

Burglaries can happen to any company, no matter its size, location, or business type. Fortunately, there are things you can do that may help make your business more resistant to crime. Often times, it takes an actual burglary to prompt business owners to consider preventive measures.

» Read more
+ Volume 22, No. 3 - May, 2014


Filling the gaps with endorsements

Companies may find it challenging when searching for affordable insurance policies to meet all of their business needs. Businesses concerned with stretching coverage over a wide range of potential risks may broaden those policies by obtaining endorsements. Endorsements address exclusions and limitations under a basic insurance program.

» Read more
Advancing multilingual safety

Constant changes and advancements in today's technology have transformed our society into more of a global community. This trend may affect our daily lives, both at home and in the workplace. In an expanding international business community, many companies have a diverse workforce, including employees who speak multiple languages.

» Read more
Sprinklers to the rescue

A fire can engulf a business in a flash. Searing heat and blinding smoke can make it difficult or impossible to reach doors, windows, or stairways that might otherwise allow for a hasty exit. Sometimes, people do not respond quickly enough to smoke detector alarms, or they may even disregard the warnings as false alarms.

» Read more
+ Volume 22, No. 4 - July, 2014


When disaster strikes: business income insurance to the rescue

Recent natural disasters have prompted business owners to evaluate their disaster preparedness, risk management, and insurance programs. If a natural disaster were to force you to temporarily suspend business operations, how would you meet your payroll obligations or cover other fixed costs without a continuing income stream from your business?

» Read more
Taking on a risk management role

When you consider all the things that could go wrong with a business, it's no surprise that small business owners are often described as risk takers. However, there are two risk exposures that business owners cannot afford to overlook: property loss due to perils such as fire, theft, wind, or water damage, and liability loss for injuries sustained by individuals while on business premises and/or during operation of the business.

» Read more
Reducing the effects of noise in the workplace

According to the National Institute for Occupational Safety and Health (NIOSH, 2013), over 22 million workers in the U.S. are exposed to hazardous noise on the job, and an additional nine million are at risk for hearing loss from other agents and solvents. An estimated $242 million is spent annually on workers' compensation for hearing loss disability.

» Read more
+ Volume 22, No. 5 - September, 2014


Protecting customers from identity theft

Identity theft can have devastating financial and psychological consequences. When thieves make purchases, empty bank accounts, or take out loans under other people's names, it can take months, or even years, for those who are victimized to restore their good credit.

» Read more
Risk management for frequent business travelers

Imagine the impact on your business if you and some of your key employees were injured in an accident while traveling. The results could be devastating for your company's future. Although business travel has always involved risk, the globalization of business has expanded travel risk beyond the obvious concerns of airplane travel to include medical emergencies, assault, theft, and terrorism.

» Read more
Halogen light bulb safety

Halogen light bulbs are attractive alternatives to regular incandescent light bulbs in many ways. They last longer than traditional light bulbs and emit a bright light that resembles natural daylight. However, business owners should take special care when using halogen light bulbs. Because they are significantly hotter than regular bulbs, they pose some real dangers.

» Read more

+ 2013 Newsletter Archive

+ Volume 21, No. 1 - January, 2013


Workplace surveillance guidelines

Many U.S. companies and organizations have some form of workplace surveillance system in place for security reasons. But with advances in technology, workplace monitoring has come of age and is available to small business owners for use in closely observing employee behavior, as well.

» Read more
Helping to protect your business on the road

When an employee drives for business purposes, your company is technically behind the wheel. Whether the trip involves one employee driving his or her car to the office supply store or several delivery vans, your company could be held responsible for any accident that might occur during the trip.

» Read more
Liability and company recreational activities

Recreational and social activities at company-sponsored events, or at the worksite during breaks, may provide a healthy and enjoyable experience for employees. But, who is responsible if a participating employee becomes seriously sick or injured, or even dies, while engaging in these activities?

» Read more
+ Volume 21, No. 2 - March, 2013


Mold protection for your business

One of the worst effects of water damage comes in the form of a fungus called mold. Whenever water enters a building, mold can form on a wide range of materials, including drywall, wood, and carpeting. Because mold survives by decomposing and absorbing organic material, it can cause serious damage within a short period of time.

» Read more
How to help prevent employee fraud

Is your company susceptible to employee fraud? Small to mid-sized businesses may be especially vulnerable because they tend to place more trust in employees who have access to company assets, and generally have fewer financial and security controls in place.

» Read more
Employment recordkeeping guidelines

Good recordkeeping can help minimize your risk in the highly regulated arena of employment. There are Federal and state regulations regarding how long certain records must be kept in order to protect an employee's privacy, meet auditing standards, and serve as documentation in the event of a lawsuit.

» Read more
+ Volume 21, No. 3 - May, 2013


Insuring your business: prepare for the unexpected

There are two risk exposures that no business owner can afford to overlook: property loss and liability loss. Property insurance generally covers your building, contents, and equipment in the event that physical property needs to be repaired or replaced due to perils such as fire, theft, wind, or certain types of water damage. Liability insurance helps protect you and your company from liability associated with normal business operations.

» Read more
Keeping your head above water with flood insurance

The National Flood Insurance Program (NFIP, 2013) reports that flood losses during the last decade, from 2001 to 2010, totaled nearly $2.7 billion dollars. Considering the relatively low cost for protection, flood insurance may be a valuable addition to your business insurance program.

» Read more
How to help prevent vehicle theft

Auto theft is a common and costly crime. Many stolen vehicles are never found, and those recovered are often stripped, vandalized, or destroyed. Although new car models come out each year with improved security systems as theft-deterrents, the reality is that any vehicle owned by your business is at risk.

» Read more
+ Volume 21, No. 4 - July, 2013


Terrorism risk insurance: is your business covered?

On April 15, 2013, two bombs exploded near the finish line of the Boston Marathon, killing three people and injuring nearly 300. In addition to the human casualties, many businesses near the blast site–small shops, restaurants, and bars–were closed for more than a week and lost income. Some business owners also suffered building damages, and perishable inventory had to be discarded.

» Read more
The basic three: life, health, and disability insurance

The sudden loss of a loved one, sustaining a serious injury, or becoming seriously ill can bring financial and emotional stress to your employees, and therefore, to your workplace. However, offering life, health, and disability income insurance policies in an employee benefits package can help your workers prepare for these situations and manage them more effectively.

» Read more
Understanding the types of professional liability insurance

When considering professional liability, or malpractice, insurance, you may need to decide between two types of coverage: occurrence policies and claims-made policies. These policies differ in features, so prepare for this important decision by understanding each policy's distinctions.

» Read more
+ Volume 21, No. 5 - September, 2013


Workers compensation: protecting employer and employee

Workers compensation law has evolved considerably in conjunction with technological and cultural advancements in the United States. Generally, compensation law substitutes the common-law rights of a covered employee, such as the right to sue an employer, with a legal remedy that requires the employer to pay benefits according to an applicable state statute.

» Read more
Business owners policy: packaged for convenience

Most businesses seek two major types of insurance coverage–property and liability. Property insurance covers damage to or loss of your business property, and liability insurance covers the cost of defending and settling a lawsuit as a result of damages caused by you or your business. Many small businesses choose to combine these coverages under a package policy known as a business owners policy, or BOP for short.

» Read more
Are your employees sharing company secrets?

Whether an employee is on your staff for one year or 10 years, it is likely that he or she will learn a lot about your company. Customer lists, product and pricing information, and marketing plans are examples of the kinds of confidential information your employees may come into contact with on a daily basis. When an employee leaves your company, if the information is shared with a competitor–either intentionally or by mistake–it could have a devastating impact on your business.

» Read more
+ Volume 21, No. 6 - December, 2013


Additional insured: not just a name

As a business owner, you may enter into relationships with other businesses, government agencies, and individuals. These relationships may expose you to risk, such as liability caused by another party's negligence or faulty/hazardous products. "Hold harmless" agreements‚??provisions where one party assumes liability by indemnifying the first party‚??protect your company against potential liability; however, in many situations, you may want to also be covered as an additional insured by an insurance policy owned by that party.

» Read more
Cleaning up after a disaster

Once the shock of a disaster wanes, it's time to regroup and pick up the pieces. When cleaning up after a fire, storm, or flood, the business owner is left to decide what can be salvaged and what must be thrown away.In worst case scenarios, such as in the NJ/NY Coast region devastated by Hurricane Sandy, standing water, sludge, and sewage can destroy entire homes and businesses. But even a flooded basement, leaky roof, or small fire can cause extensive property damage.

» Read more
Office parties, liquor and liability

When planning company functions, business owners may want to question the appropriateness and circumstances surrounding the presence of alcohol as part of office festivities. While alcohol is typically regarded as a "fun extra" contribution to the party atmosphere, businesses need to be aware of the liability involved if an alcohol-related accident were to result.

» Read more

+ 2012 Newsletter Archive

+ Volume 20, No. 1 - January, 2012


Dangerous gases: unseen hazards in the workplace

You can't see them, taste them, or even smell them, but they may be lurking in your place of business. Both carbon monoxide and radon can be a danger to you, your employees, and your customers. Similar to lead, carbon monoxide and radon enter the bloodstream through breathing, and high levels of ingestion can cause serious health problems.

» Read more

What businesses should know about environmental liability insurance

In today's marketplace, evolving attitudes, new legislative and regulatory initiatives, and ongoing product and process innovations continue to create environmental compliance concerns for business owners. Since pollutants are surprisingly common and exist in different forms, most businesses, regardless of whether or not they handle hazardous materials, may have some type of environmental liability.

» Read more

Ergonomics for improving productivity

As a business owner, did you know you can cut costs and boost productivity by establishing an ergonomics program? Ergonomics is the science of modifying job tasks, equipment, tools, and the work environment to an individual worker's needs.

» Read more
+ Volume 20, No. 2 - March, 2012


Guard your company against disaster

Catastrophic events, ranging from natural disasters to terrorist attacks, have clearly demonstrated that the homes, businesses, and communities in which Americans have invested over many years can be wiped out in a matter of hours. While there is nothing you can do to prevent a disaster, there are steps you can take to protect your business in case of a catastrophic event.

» Read more
Protect the MVP from a disability

You may be your company's most valuable player (MVP). Therefore, proper measures should be taken to protect both your income and your business should you suffer a disability. Disability income insurance offers protection against an accident or health crisis that limits your ability to earn income.

» Read more
Security and your business

Burglaries can happen to any company, no matter its size, location, or business type. Fortunately, there are things you can do that may help make your business more resistant to crime.

» Read more
+ Volume 20, No. 4 - July, 2012


Termite prevention for business owners

In the natural world, tiny wood-eating insects called termites digest cellulose and break down the wood of fallen and dead trees, facilitating the natural cycle of decomposition. In the business world, however, termites cause an estimated $5 billion in property damage annually, according to the National Pest Management Association (NPMA, 2012).

» Read more
Crime-proofing your business

Crime and violence are everywhere, especially on the news, in movies, on TV shows, and perhaps have even affected other businesses in your area. But, you may think crime will never find its way to your business. Unfortunately, crime is often random and unpredictable, and there is no way of knowing when it will strike and who will be victimized.

» Read more
Product liability insurance: who's at risk?

Rigorous manufacturing standards and enhanced quality control are perhaps the best ways to prevent a product liability lawsuit. However, as the link between companies and consumers weakens, manufacturers, distributors, wholesalers, and retailers are increasingly at risk when customers incorrectly use their products and become injured.

» Read more
+ Volume 20, No. 5 - October, 2012


Risky business: growing a company without adequate insurance

Since you never know when a disaster may strike causing severe damage and disruption to your business operations, it is important to expect the unexpected and manage your risks accordingly. For that reason, business insurance should be factored into your regular cost of doing business. Generally, the best way to protect yourself and your business against the unforeseen is to prepare before an incident occurs by taking steps to reduce risks, and by purchasing the appropriate insurance.

» Read more
Snooze alert: are your workers asleep on the job?

If it seems that, nowadays, employees look like they have not had a good night's sleep for some time – it's probably because they haven't. Employee fatigue appears to be a growing problem for many companies. As a result, pressure on employees, as well as employers, is on the rise.

» Read more
Health and safety laws for working teens

Every industry has its unique occupational hazards. Food service jobs may expose workers to slippery floors, hot cooking equipment, and sharp objects. Janitorial work may require contact with hazardous chemicals in industrial cleaning supplies. Even retail workers may risk injury due to heavy lifting.

» Read more
+ Volume 20, No. 6 - December, 2012


Help protect your business with disability income insurance

While many business owners understand the need for life insurance coverage, they may overlook the potential risk associated with sustaining a serious disability. According to the Insurance Information Institute (III, 2011), 43% of all people age 40 will have a long-term disability event (lasting 90 days or more) by age 65.

» Read more
Taking on a risk management role

There may not be anything unusual about your day today, but you never know what the future may bring. Overnight, a theft, natural disaster, fire, or lawsuit could affect your business dramatically. Therefore, risk management deserves a top ranking on your list of priorities.

» Read more
Computer security: breaking the code

Security breaches on computer networks are an increasingly serious problem for business owners. Hackers, computer viruses, and fraud may wreak havoc that could be financially devastating. Such losses associated with computer break-ins could threaten any business.

» Read more

+ 2011 Newsletter Archive

+ Volume 19, No. 1 - January, 2011


Energy efficiency and your business

Over the last few decades, low energy prices have permitted U.S. companies to put energy efficiency near the bottom of their priority lists. Poorly insulated buildings have been allowed to leak heat, computers and other equipment have been left on when not in use, and sales representatives have been allocated gas-guzzling company cars.


» Read more
Boiler and machinery insurance

When a mechanical, electrical, or pressure breakdown occurs in your business, there's no time to waste. Without the necessary equipment repairs, you may have to close shop until machines are up and running again. In addition, businesses that store perishable products also face the risk of losing inventory due to spoilage.


» Read more
Get "up and running" quickly after a computer disaster

Suppose you open your doors for business one morning only to discover that water damage from heavy rains the night before has shorted out your computer equipment, leaving your automated systems inoperative.

» Read more
+ Volume 19, No. 2 - February, 2011


Mold protection for your business
One of the worst effects of water damage comes in the form of a fungus called mold. Whenever water enters a building, mold can form on a wide range of materials, including drywall, wood, and carpeting. Because mold survives by decomposing and absorbing organic material, it can cause serious damage within a short period of time.
» Read more
Preventing employee fraud
Is your company susceptible to employee fraud? Small to mid-sized businesses may be especially vulnerable because they tend to place more trust in employees who have access to company assets, and they generally have fewer financial and security controls in place. The most commonly targeted assets are cash, tangible assets, intellectual property, and time.
» Read more
Taking a closer look at professional liability insurance
When considering professional liability insurance (also known as malpractice insurance and errors and omissions insurance), you may need to decide between two types of coverage: occurrence policies and claims-made policies. These policies differ in features, so prepare for this important decision by understanding each policy's distinctions.
» Read more
+ Volume 19, No. 3 - May, 2011


Sexual harassment: zero tolerance
Increasingly, anti-discrimination laws are rigorously enforced. Therefore, the issue of sexual harassment is not one to take lightly. As victims gain confidence in reporting cases, businesses are becoming more vulnerable to lawsuits.
» Read more
Cyberspace: it's risky business
Business opportunities in the virtual world of electronic commerce abound, but they inherently include exposure to risks and possible losses. In fact, business owners who operate in cyberspace may be subject to risks that are not necessarily covered under their insurance policies.
» Read more
The basic three: life, health, and disability insurance
The sudden loss of a loved one, sustaining a serious injury, or becoming seriously ill can bring financial and emotional stress to your employees and, therefore, to your workplace. However, offering life, health, and disability income insurance policies as employee benefits can help your workers prepare for these situations and manage them more effectively.
» Read more
+ Volume 19, No. 4 - July, 2011


Protect yourself from auto theft
Auto theft is a common and costly crime. Many stolen vehicles are never found, and those recovered are often stripped, vandalized, or destroyed. Although new car models come out each year with improved security systems as theft-deterrents, the bottom line is that any vehicle owned by your business is at risk.
» Read more
Speaking the language of safety
Constant changes and advancements in today's technology have transformed our society into more of a global community. This trend may affect our daily lives, both at home and in the workplace.
» Read more
Childcare: not just a family affair
Family responsibilities don't disappear when working parents leave home and head for work. Childcare, in particular, is a workplace concern that could affect an employer's bottom line if employees are unable to find reliable care for their children.
» Read more
+ Volume 19, No. 5 - September, 2011


The benefits of key employee life insurance
If you employ a key person who significantly contributes to the success of your business, have you considered how losing such an employee could impact your operations? Key employee life insurance can help protect your business from the financial consequences of a key employee's death.
» Read more
Steer clear of night driving dangers
With the seasons changing and the days getting shorter, it's important to be aware of the unique concerns associated with driving after dark, as traffic-related death rates are three times higher at night than during the day..
» Read more
Workers compensation: protection for employer and employee
Although you might think the concept of Workers Compensation originated in factories during the Industrial Revolution of the late 18th and early 19th centuries, it actually dates back to the 17th century on the high seas.
» Read more
+ Volume 19, No. 6 - December, 2011


Tips for filing insurance claims
What if your company's building is vandalized or damaged by a storm or fire? After the initial shock, you know that as a policyowner, you need to file an insurance claim. But the time and effort you think it may take could cause you to procrastinate under these circumstances.
» Read more
When disaster strikes: business income insurance to the rescue
Recent natural disasters have prompted business owners to evaluate their disaster preparedness, risk management, and insurance programs. If a natural disaster were to force you to temporarily suspend business operations, how would you meet your payroll obligations or cover other fixed costs without a continuing income stream from your business?
» Read more
Office parties, liquor, and liability
When planning company functions, business owners may want to question the appropriateness and circumstances surrounding the presence of alcohol as part of office festivities. While alcohol is typically regarded as a "fun extra" contribution to the party atmosphere, businesses need to be aware of the liability involved if an alcohol-related accident were to result.
» Read more

+ 2010 Newsletter Archive
+ Volume 18, No. 1 - January, 2010


Want a safer workplace? try an incentive program
A safe workplace is nearly impossible to attain without full employee cooperation. Therefore, implementing an incentive program may prove helpful. By providing small rewards to those who demonstrate safe behavior, you may motivate your workers to help reduce on-the-job accidents, which may, in turn, help reduce your insurance costs.
» Read more
Computer security: breaking the code
Security breaches on the information superhighway are an increasingly serious problem for corporate America. Hackers, computer viruses, and fraud may wreak havoc that could be financially devastating. Such losses associated with computer break-ins could threaten any business.
» Read more
The ABCs of an EPLI policy
More frequently, businesses are experiencing a host of employment-related lawsuits, including claims of discrimination, sexual harassment, and wrongful termination. Invasion of privacy claims stemming from employer monitoring of voicemail, email, office computer systems, and the Internet are also on the rise.
» Read more
+ Volume 18, No. 3 - May, 2010


How ergonomics can boost productivity
 As a business owner, did you know you may be able to cut costs and boost productivity by establishing an ergonomics program? Ergonomics is the science of modifying job tasks, equipment, tools, and the work environment to an individual worker's needs.
» Read more
Health and safety laws for working teens
Every industry has its unique occupational hazards. For instance, food service jobs may expose workers to slippery floors, hot cooking equipment, and sharp objects. Janitorial work may require contact with hazardous chemicals in industrial cleaning supplies.
» Read more
Using life insurance for business ends
Life insurance is an important component of many business arrangements. While most business owners are familiar with life insurance as an employee benefit, many may not be aware of the variety of other potential business uses.
» Read more
+ Volume 18, No. 4 - June, 2010


Little-known facts about flood insurance
 FloodSmart.gov, the official site of the National Flood Insurance Program (NFIP, 2010), reports that flood losses during the ten-year period of 1994 to 2004 totaled more than $2.4 billion dollars. Considering its relatively low cost and accompanying peace of mind, flood insurance may be a valuable addition to your business insurance program.
» Read more
The basics of small business health insurance
Health insurance is one of the most important benefits a company can offer to its employees. A good health insurance plan that balances quality and cost can help you attract and retain qualified employees. However, many small employers do not offer health insurance.
» Read more
In the aftermath: ordinance or law endorsement
Imagine that a sudden fire swept through the building that once housed your business, destroying over half of the property and its contents. After such a catastrophe, you learn that local ordinances require you to demolish the remainder of the building.
» Read more
+ Volume 18, No. 5 - July, 2010


Termite prevention for business owners
In the natural world, termites digest cellulose and break down the wood of fallen and dead trees, thus facilitating the natural cycle of decomposition. In the business world, however, termites aren't quite so benevolent.
» Read more
Product liability insurance: who's at risk?
Rigorous manufacturing standards and enhanced quality control are perhaps the best ways to prevent a product liability lawsuit. But things are not always that simple.
» Read more
Security and your business
Burglaries can happen to any company, no matter its size, location, or business type. Fortunately, there are things you can do that may help make your business more resistant to crime.
» Read more


+ 2009 Newsletter Archive
+ Volume 17, No. 1 - January, 2009


Protecting your business on the road
When an employee drives for business purposes, your company is technically behind the wheel. Whether the trip involves one employee driving his or her car to a supply store or several delivery vans, your company could be held responsible for any accident that might occur during the trip.
» Read more
Electronic commerce and communication: a few insurance tips
Business opportunities in the virtual world of electronic commerce abound, but they inherently include exposure to risks and possible losses. In fact, business owners who operate in cyberspace may be subject to risks that are not necessarily covered under their insurance policies.
» Read more
When disaster strikes, business income insurance to the rescue!
Recent disasters have prompted business owners to evaluate their disaster preparedness, risk management, and insurance programs. If a natural disaster were to force you to temporarily suspend business operations, how would you meet your payroll obligations or cover other fixed costs?
» Read more
+ Volume 17, No. 3 - May, 2009


Insurance certificates: the key to effective risk management
If your business hires contractors and other vendors, it may be important for you to confirm that these vendors have appropriate insurance coverage. In the event of a problem caused by the work of a hired subcontractor, you may be held liable if that vendor does not have proper coverage.
» Read more
Auto theft: how to avoid becoming a victim
Auto theft is a common and costly occurrence. A motor vehicle is stolen every 28.8 seconds in America, according to the FBI's 2007 Uniform Crime Report. Many stolen vehicles are never found, and those that are recovered are often stripped, vandalized, or destroyed.
» Read more
Office theft: cause for alarm
In response to growing concern about crime, nationwide efforts to curb burglary and other crimes have increased. Your business can take steps to help fight crime on your property by investing in a quality alarm system.
» Read more
+ Volume 17, No. 4 - July, 2009


How crime-resistant is your business?
Crime and violence are everywhere‚??on the nightly news, in the movies, on TV, and maybe even at the business down the street. Nevertheless, you may think crime will never find its way to your business.
» Read more
Guidelines for employment record-keeping
Good recordkeeping can help minimize your risk in the highly regulated arena of employment. There are Federal and state regulations regarding how long certain records must be kept in order to protect an employee‚??s privacy, meet auditing standards, and serve as documentation in the event of a lawsuit.
» Read more
Being your own boss
Running a business out of your home can be a lifestyle shift, particularly if you share your space with family or a roommate. It may not be as easy to leave work at the office when the office is at home.
» Read more
+ Volume 17, No. 5 - September, 2009


Protecting customers from identity theft
Identity theft can have devastating financial and psychological consequences. When thieves make purchases, empty bank accounts, or take out loans under other people‚??s names, it can take months, or even years, for those who are victimized to restore their good credit.
» Read more
Workers compensation: a time-honored benefit
Workers compensation has interesting roots. While you might think the concept originated during the industrial revolution of the late 18th and early 19th centuries, it actually dates back to the 17th century on the high seas.
» Read more
Weathering the storm: is your business protected against mother nature?
No matter where your business is located, various forms of severe weather can pose a serious threat to your property. Whether from a hurricane, tornado, flood, or blizzard, inclement weather may leave a trail of widespread damage. Sometimes, the damage to a building and its surrounding property is minor; at other times, it may be catastrophic.
» Read more
+ Volume 17, No. 6 - November, 2009


The benefits of key employee life insurance
If you employ a key person who significantly contributes to the success of your business, have you considered how losing such an employee could impact your operations? Key employee life insurance can help protect your business from the financial consequences of a key employee death. Consider the following hypothetical case.
» Read more
Guarding against dangerous gases
You can't see them, you can't taste them, you can't even smell them, but they may be lurking in your place of business. Both carbon monoxide and radon can be a danger to you, your employees, and your customers. Similar to lead, carbon monoxide and radon enter the bloodstream through breathing, and high levels of ingestion can cause serious health problems.
» Read more
Taking on a risk management role
There may not be anything unusual about your day today, but you never know what tomorrow has in store. Overnight, a theft, natural disaster, fire, or lawsuit could affect your business dramatically. Therefore,risk management deserves a top ranking on your list of priorities.
» Read more

+ 2008 Newsletter Archive
+ Volume 16, No. 3 - May, 2008


Is a “BOP” right for your business?
Considering all the things that can go wrong with a business, small business owners may be considered risk takers. However, there are two risk exposures that any business owner can ill-afford to overlook: property loss due to perils, such as fire, theft, and wind or water damage, and liability loss for injuries sustained by individuals while on business premises and/or during operation of the business.
» Read more
Recovering quickly after a computer disaster
Suppose you open your doors for business one morning only to discover that water damage from heavy rains the night before has shorted out your computer equipment, leaving your automated systems inoperative. Or, perhaps, an overnight power failure has wiped out a large portion of your critical electronic records. Without warning, your entire business operation could be in jeopardy.
» Read more
Using life insurance for business ends
Life insurance is an important feature of many business arrangements. While most business owners are familiar with providing life insurance as an employee benefit, many may not fully appreciate the variety of other business uses that are available.
» Read more
+ Volume 16, No. 4 - July, 2008


Property and casualty insurance: covering life's uncertainties
Property and casualty insurance offers a cushion many business owners can reach for when their companies suffer a disaster or other loss. But, how do you know if you are carrying the right amount of coverage? On one hand, excess insurance could result in unnecessary expense to your company, but on the other, a shortage of the appropriate coverage could leave you with a large, untimely loss.
» Read more
Reducing the effects of noise in the workplace
According to the National Institute for Occupational Safety and Health (NIOSH, 2005), approximately 30 million workers in the U.S. are exposed to hazardous noise on the job each year. Extended noise exposure can cause a temporary ringing in the ears or other temporary changes in hearing (ears may feel stuffed up).
» Read more
"Insure" success with your home-based business
Business owners with home- based companies face unique insurance considerations. Your homeowners or renters policy is not designed to protect your home-based business. In general, homeowners policies provide limited coverage (typically around $2,500) for business equipment.
» Read more
+ Volume 16, No. 5 - September, 2008


Boiler and machinery insurance
When a mechanical, electrical, or pressure break- down occurs in your business, there‚??s no time to waste. Without the necessary equipment repairs, you may have to close shop until machines are up and running again.
» Read more
Airport safety for business travelers
In this fast-moving world, many business owners, executives, and employees often find themselves, quite literally, up in the air.It is wise to remember that crime doesn‚??t stop at the airport terminal doors.
» Read more
Precautions to prevent employee fraud
Is your company easy prey for employee fraud? Small to mid- sized businesses are especially vulnerable because they tend to place more trust in employees who have access to company assets, and they generally have fewer financial and security controls in place.
» Read more
+ Volume 16, No. 6 - November, 2008


The importance of product liability insurance
In today's litigious society, businesses risk losing substantial sums in compensatory and punitive damages resulting from product–related accident and injury claims. Did you know your company could be sued if a customer is injured while using a product you manufacture, even if he or she used the product incorrectly or didn't follow directions?
» Read more
The office party: consider liquor and liability
When planning company functions, business owners may question the appropriateness and circumstances surrounding the serving of alcohol as part of the festivities. While alcohol may seem to be a “fun extra” that adds to the party, businesses need to beware of the liability involved if an alcohol-related accident were to result.
» Read more
Making your business more energy efficient
Over the last few decades, low energy prices have permitted U.S. companies to put energy efficiency near the bottom of their lists of business priorities. Poorly insulated buildings have been allowed to leak heat, computers and other equipment have been left on when not in use, and sales representatives have been allocated company cars that guzzle gas.
» Read more

+ 2007 Newsletter Archive
+ Volume 15, No. 2 - February, 2007


Auto theft‚??how to avoid becoming a victim
Auto theft is an all too common, and costly, occurrence. A motor vehicle is stolen every 26 seconds in America, according to the Insurance Information Institute (III, 2006). Many stolen vehicles are never found, and those that are recovered are often stripped, vandalized, or destroyed.
» Read more
Protecting your business against mold
One of the worst effects of water damage comes in the form of mold. Whenever water enters a building, fungi commonly referred to as mold can form on a wide range of materials, including drywall, wood, and carpeting.
» Read more
Guidelines for employment recordkeeping
Good recordkeeping can help minimize your risk in the highly regulated arena of employment. There are many federal and state regulations regarding how long certain records must be kept in order to protect an employee‚??s privacy, meet auditing standards, and serve as documentation in the event of a lawsuit.
» Read more
+ Volume 15, No. 3 - May, 2007


Occupational safety and repetitive stress
If you spend time each day at a computer keyboard, you are probably familiar with one effect of repetitive stress—carpal tunnel syndrome, which can result in pain and/or numbness in the wrist and fingers.
» Read more
Cleaning up after a disaster
Once the shock of a disaster wanes, it’s time to regroup and pick up the pieces. When cleaning up after a fire, storm, or flood, the business owner is left to decide what can be salvaged and what must be thrown away.
» Read more
Insurance certificates: the key to effective risk management
If your business hires contractors and other vendors, it may be important for you to confirm that these companies have appropriate insurance coverage. In the event of a problem stemming from the work of a subcontractor you hire, you may be held liable if that company does not have the proper coverage.
» Read more
+ Volume 15, No. 4 - July, 2007


Insurance claim tips
Consider what might happen if your company‚??s building was vandalized by a thief or damaged by a storm or fire. You know you should file an insurance claim, but the time and effort you believe it will take may cause you to delay this crucial process.
» Read more
Six simple tips to trim auto insurance costs
Many business owners who use vehicles as a part of their operations recognize that auto insurance is an essential and valuable means of protection. However, increased repair costs, medical expenses, theft claims, and injury lawsuits are all adding to the cost of auto insurance.
» Read more
Want a safer workplace? try an incentive program
Achieving a safe workplace is nearly impossible without full employee cooperation, so consider an incentive program. By providing small rewards to those who demonstrate safe behavior, you may motivate your workers to help you reduce on-the-job accidents, which may also help reduce your insurance costs.
» Read more
+ Volume 15, No. 5 - September, 2007


Elements of an EPLI policy
In today’s litigious society, businesses are susceptible to a host of employment-related lawsuits, including claims of discrimination, sexual harassment, wrongful termination, and invasion of privacy. Such claims stem from employer monitoring of voicemail, email, office computer systems, and the Internet, as well as daily interactions between staff and management...
» Read more
Securing your business—inside and out
Crime and violence seem to be everywhere—on the nightly news, in the movies, on television programs, and maybe even at the business down the street from you. Despite this fact, you may think it will never find its way to your company. Unfortunately, crime is often random in occurrence, and there’s no way of knowing who will be the next victim...
» Read more
Do you need rental car insurance?
The cost of rental car insurance continues to increase each year. While, understandably, you may feel compelled to decline this coverage from the rental car agency, make sure you consider the following points first...
» Read more
+ Volume 15, No. 6 - November, 2007


Building a company without adequate insurance: it‚??s risky business
You never know when disaster may strike, causing severe damage and disruption to your business operations. Business insurance should be considered a regular cost of doing business; it is important to expect the unexpected and manage your risks accordingly.
» Read more
Professional liability insurance
Today, claims of “negligence” seem to arise more frequently than ever before. This is usually bad news for professionals, since the failure to provide reasonable service can be cited in many far-reaching situations and circumstances. Negligence may be claimed in conjunction with a mistake, an oversight, or a failure to deliver services in accordance with standards set by your peers...
» Read more
Computer security: breaking the code
Security breaches on the information superhighway seem to be an increasingly serious problem for corporate America. Hackers, disgruntled employees, computer viruses, and fraud may wreak havoc that could threaten the stability and existence of any business...
» Read more
+ Volume 16, No. 1 - December, 2007


Additional insured‚??not just a name
As a business owner, from time to time, you may enter into relationships with businesses, government agencies, other entities, or individuals. These relationships may expose you to risk, such as liability arising from another party’s negligence or faulty/hazardous products. “Hold harmless” agreements—provisions where one party assumes liability by indemnifying the first party—are a popular way to protect your company against potential liability; however, in many situations, it may be best if you are also covered as an additional insured by an insurance policy owned by that party.
» Read more
Filling the gaps with endorsements
Companies may be hard-pressed to find affordable insurance policies that meet all of their business needs and objectives. Businesses concerned with stretching coverage over a wide array of possible risks could potentially broaden those policies by obtaining endorsements. Endorsements address exclusions and limitations under a basic insurance program. There may be many choices available for filling gaps in coverage.
» Read more
The preferred course for business continuation
It takes years of hard work to build a successful and profitable business. To protect your investment, it is important to consider how you will keep the business running smoothly if something should happen to you or one of your business partners. Death, disability, or retirement of key shareholders can threaten the survival of your company if proper planning is not in place.
» Read more

+ 2006 Newsletter Archive
+ Volume 14, No. 1 - January 2006


Protecting customers from identity theft
Identity theft can have devastating financial and psychological consequences for the individuals whose information is stolen. When thieves make purchases, empty bank accounts, or take out loans under peoples names, it can take months, or even years, for victims to restore their credit records.
» Read more
Using life insurance for business ends
Life insurance is an important feature of many business arrangements. While most business owners are familiar with providing life insurance as an employee benefit, many may not fully appreciate the variety of other business uses that are available. Here are some of the more common ways you can use life insurance to help benefit and solidify your business:
» Read more
Product liability insurance: who's at risk?
Lighter manufacturing standards and enhanced quality control are perhaps the ideal ways to prevent a product liability lawsuit. Manufacturers, distributors, wholesalers, and retailers are increasingly at risk when customers incorrectly use their products and become injured.
» Read more

 


+ Volume 14, No. 2 - March 2006


Protecting your business against theft
All businesses are susceptible to crime associated with theft of their computers, office equipment, or cash. Generally, insurance coverage for theft is only a marginal provision under business policies and should be obtained under separate endorsements.
» Read more
Workers compensation protects employer and employee
The idea of workers compensation has some strange roots. While you might think the concept has its origin in the industrial revolution of the late 18th and early 19th centuries, the notion actually dates to the 17th century and was born on the high seas.
» Read more
Examine the health and safety laws for working teens
Every industry has its unique occupational hazards. For instance, food service jobs may expose workers to slippery floors, hot cooking equipment, and sharp objects. Janitorial work may include contact with hazardous chemicals.
» Read more

 


+ Volume 14, No. 3 - May 2006


Reduce workplace stress‚??improve your company‚??s health
In today‚??s increasingly demanding work world, it is not surprising that workplace stress is on the rise. The National Institute for Occupational Safety and Health (NIOSH, 2005) reports that 40% of workers describe their jobs as ‚??very or extremely stressful‚?Ě and 25% of employees view their jobs as the most stressful area of their lives.
» Read more
Keep your business insurance current with regular reviews
With the varied tasks and responsibilities of a busi- ness owner, it is impossible to find time for everything. However, one thing you should not overlook is a regular business insurance review.
» Read more
Environmental liability: a concern for businesses
Environmental liability: a concern for businesses usinesses of all sizes and types can potentially face pollution liability, the effects of which could be devastating to a company‚??s finances and its ability to continue business operations. For many, obtaining environmental impairment liability insurance coverage‚??either through a separate policy or by obtaining a specific endorsement‚??is becoming a critical part of risk management.
» Read more

 


+ Volume 14, No. 4 - August 2006


Making your business more energy efficient
Low energy prices over much of the last two decades have permitted U.S. companies to put improving energy efficiency near the bottom of their lists of business priorities. Taking the steps necessary to ensure your facilities, equipment, and vehicles are energy efficient is certainly an investment, but it is one that can bring substantial dividends.
» Read more
Employee fraud: costly problem, low cost solution
Small to mid-sized businesses are often vulnerable to employee fraud because they tend to place more trust in employees who have access to company assets, and they generally have fewer financial and security controls in place. The most commonly targeted assets are cash, tangible assets, intellectual property, and time.
» Read more
Scrambling to stay awake on the job
If it seems that, nowadays, employees look like they have not had a good night‚??s sleep for some time, it is probably because they have not. Em-ployee fatigue appears to be a growing problem for many companies. As a result, pressure on employees, as well as employers, is building.
» Read more


+ Volume 14, No. 5 - September 2006


Protecting your company from disaster
Recent catastrophic events, ranging from natural disasters to terrorist attacks, have clearly demonstrated that the homes, businesses, and communities Americans have invested in over many years can be wiped out in a matter of hours. While there is little you can do to prevent a disaster from striking, there are steps you can take to protect your business from ruin should you be faced with an emergency
» Read more
E-commerce & communication: a few insurance tips
Business opportunities in the virtual world of electronic com- merce continue to grow, but this technology comes with exposure to risks and possible losses. In today’s Internet economy, business owners who operate in cyberspace may be subject to risks that are not necessarily covered under their insurance policies.
» Read more
Report claims immediately
We are constantly looking for new and better ways to help control your insurance costs and improve our service to you. You can help us achieve both of these goals by immediately reporting any claims you may have or incidents that could possibly result in claims. We can then offer suggestions on what steps to take next and promptly notify your insurance company of the details.
» Read more

 


+ Volume 14, No. 6 - November 2006


An environmental issue: something in the air?
Indoor air quality (IAQ) is a grow- ing concern for many companies. Whether you are a business owner or building owner, you should take potential IAQ problems seriously.
» Read more
Facts you should know about flood insurance
The Federal Emergency Management Agency (FEMA 2005) reports that flooding causes over $2 billion in property damages each year in the U.S. Considering its relatively low cost and attendant peace of mind, flood insurance may be a valuable addition to your business insurance program.
» Read more

 

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