Protecting your business property is essential for ensuring its longevity and success. While you may be aware of obvious risks like fire or theft, there are hidden dangers that can pose significant threats to your business. Building insurance plays a critical role in safeguarding your investment by providing comprehensive coverage against these hidden risks. In this article, we will explore how building insurance protects your business from hidden dangers and the importance of having adequate coverage in place. Protecting Your Business Investment As a business owner, protecting your investment is…
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8 Best Practices for Small Businesses With Commercial Auto Insurance
Commercial auto insurance is a vital aspect of risk management for small businesses that rely on vehicles for their operations. Whether it’s a delivery service, a construction company, or a transportation business, having the right insurance coverage is crucial to protect your assets, employees, and reputation. Allied Market Research says that this insurance policy offers tailored coverage for damages and losses associated with commercial vehicles and their owners or drivers. It provides coverage for accidents, collisions, natural disasters, fires, and other relevant situations, specifically for businesses-owned vehicles. The global market…
Read MoreThe Effects that Cheap Business Insurance Can Have on Your Company
Every so often will be asked by startups and even established companies: “can you get me cheap business insurance?” At first I’m sort of offended that someone would ask me that, but then I remember that it’s not the customer’s fault for thinking that “cheap is good” – it’s actually the insurance industry’s fault. The insurance industry has been commoditizing insurance so much over the past ten years – especially auto insurance that it’s hard not to think that a priority of any type of insurance is that it has…
Read MoreSenate Health Committee passes SB 1431 with the praise of Insurance Commissioner Jones
Insurance Commissioner Dave Jones has announced the passage of a bill for the regulation of stop-loss coverage to small businesses. Jones has given his applause for this change to the California insurance industry, as the state Senate Health Committee passed SB 1431, which places a minimum number of aggregate and individual attachment points and which bans the exclusion of workers on the grounds of health status during the sale of stop-loss coverage for self-insured employers of 2-50 people. The bill passed by a 5 to 3 vote. It was authored…
Read MoreChubb Forms Alliance to Address CEOs’ Personal and Business Risk Needs
WARREN, NJ, February 16, 2012 – The Chubb Group of Insurance Companies has formed a strategic alliance with Vistage International to help private company CEOs address personal and commercial risk management needs. As part of the alliance, Chubb will provide Vistage members with risk management education and access to an array of products and services tailored to their needs. “A strong risk management program, supported by Chubb’s high-quality insurance products and loss control and claims services, can help protect our members and their businesses from the unexpected,” said Jeff Werderman,…
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