Tag Archives: Risk Management

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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12 Risk Management Tips to Protect Your Business from an E&O Lawsuit

12 Risk Management Tips to Protect Your Business from an E&O Lawsuit

Even the most diligent employee can make a mistake, resulting in a lawsuit. Now more than ever, businesses have a greater need for errors and omissions liability insurance, also known as professional liability. Without this coverage, your business is at risk of being sued for the alleged or actual mistakes of employees. Professional liability will cover the defense costs […]

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Best Practices to Reduce the Risk to Your Business Vehicles

Best Practices to Reduce the Risk to Your Business Vehicles

Whether you own or lease a single vehicle or have an entire fleet of vehicles, it’s important that your business has a commercial auto policy. Commercial auto insurance provides protection for any vehicle designated for business use, as well as your commercial drivers. But even with insurance protection, you will still need to take steps to […]

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7 Hurricane Preparation Tips for Your Business

7 Hurricane Preparation Tips for Your Business

Hurricane Joaquin made headlines earlier this week as the third storm of the Atlantic hurricane season. Although it’s unlikely that Joaquin will make landfall in the United States, the East Coast could still be impacted by the storm with coastal flooding and strong winds. As we enter peak hurricane season, now is the time to update […]

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4 Mitigation Measures to Prevent Ice Dam Claims

4 Mitigation Measures to Prevent Ice Dam Claims

Did you know that two or more claims of the same nature could be reason enough for your insurance company to non-renew your policy? Many companies are choosing to review the number of ice dam claims submitted by homeowners before the start of the winter season. If you’ve submitted multiple claims for damages from ice […]

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Protect Your Business & Personal Assets with Asset Protection Planning

Protect Your Business & Personal Assets with Asset Protection Planning

As a business owner, you need to consider asset protection planning as a way to protect your business and personal assets. You might be thinking, “Do I really need to worry about asset protection if I already have insurance?” The answer is yes. Insurance offers some protection, but in order to secure the future of […]

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4 Easy Steps to Develop a Risk Management Program

4 Easy Steps to Develop a Risk Management Program

Risk is inherent in business. Although there are those that are considered “acceptable,” meaning the cost to eliminate the risk would outweigh the benefits, there are those that need to be dealt with immediately, or else they could have a catastrophic impact on your business. Risk management is a mitigation process that factors in elements […]

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Managing Your Risks

Risk is defined as the possibility of a loss, and insurance revolves around risk. Insurance protects against specified risks, or losses, as long as a premium is paid by the insured to the carrier. The key to risk management is in knowing what can and can’t be insured. “Risk management starts with reviewing all the […]

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