Tag Archives: Business Insurance

Protect Your Business Assets with a Commercial Umbrella Policy

Protect Your Business Assets with a Commercial Umbrella Policy

You understand the importance of having a personal umbrella policy, but do you have an umbrella for your business? A commercial umbrella policy, also referred to as an excess policy, provides an added layer of protection in the event of a major loss. This is an important coverage for businesses of all sizes to have. You might […]

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How to Register Your New Business Vehicle in the Company’s Name

How to Register Your New Business Vehicle in the Company's Name

Are you registering and insuring a vehicle under your company name for the first time? Then, you’ll need to request Form 147c from the Internal Revenue Service (IRS) and follow the procedure for registering with the FID Department at the Registry of Motor Vehicles (RMV). Currently the IRS doesn’t have an online solution for Form 147c. […]

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Is Your Business Ready for the DOL’s Final Overtime Rule?

Is Your Business Ready for the DOL Final Overtime Rule

The Department of Labor’s (DOL) final overtime rule will go into effect on December 1, 2016. The DOL’s Wage and Hour Division (WHD) states that the rule “updates the salary level required for the executive, administrative, and professional (EAP) exemption to ensure that the Fair Labor Standards Act’s (FLSA) intended overtime protections are fully implemented, […]

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8 Steps to Maintain Your Fire Sprinkler Systems

8 Steps to Maintain Your Fire Sprinkler Systems

Despite your best prevention efforts, a fire can happen without warning, leaving a path of destruction for your business. Property damage from fires totaled an estimated $12 billion in 2012, according to the National Fire Protection Association (NFPA). Fire sprinklers are considered one of the most effective fire suppression systems available. According to the NFPA, […]

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How do I know if my Business is considered a Joint Employer?

How do I know if my Business is considered a Joint Employer

If your business is classified as being a joint employer, you could be liable for workers compensation claims for temporary employees. As the traditional workplace model continues to shift more and more towards the use of staffing models for the hiring process, joint employers must also be careful to ensure they comply with minimum wage […]

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How Premises Liability can Protect Your Business against Pokémon Go

How Premises Liability can Protect Your Business against Pokemon Go

Over the last few weeks, you’ve probably noticed more and more people walking around with their smartphone in hand. The reason? Pokémon GO. A newly released mobile app, the game allows users to virtually hunt for Pokémon in the real world. This means there could very well be a Pikachu hiding on your business property! But, are you covered […]

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3 Steps to Develop an Effective Recall Management Strategy

3 Steps to Develop an Effective Recall Management Strategy

A product recall is a significant threat to the well-being of manufacturers, importers, distributors, and retailers of consumer products. If not handled properly, a product recall can not only harm the reputation of a business, but in some cases, it can destroy the company itself. So, why aren’t more companies prepared to deal with a […]

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Here’s Why Your Business Needs Product Recall Insurance

Heres Why Your Business Needs Product Recall Insurance

There are thousands upon thousands of product recalls in a year, costing in excess of millions of dollars. Although establishing a product recall plan can aid your business in the process of effectively managing a recall, you may still need additional coverage. A commercial general liability (CGL) policy alone doesn’t provide protection against a product recall. […]

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General Liability Won’t Protect Your Business Against First Party Claims

General Liability Wont Protect Your Business Against First Party Claims

A commercial general liability (CGL) policy is standard coverage that protects your business from property damage claims, bodily injury claims, and/or personal and advertising claims that could put your business’s assets at risk. However, a common misconception about general liability is that it also covers your business for damages caused by you or your employees. In […]

Here’s Why Your Certificates of Insurance are Worthless

Heres Why Your Certificates of Insurance are Worthless

Worthless might be too strong of a word, but the point is that a certificate of insurance (COI) doesn’t hold as much meaning as you might think. Here’s why: a certificate is not an insurance policy and therefore cannot amend, extend or alter the coverage on your policy. A COI is strictly an informational document and […]

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