The threat of school shootings has led many institutions to develop lockdown procedures that will increase the security of both students and staff during a potential incident. Given the differences in designs of buildings and the response protocols of local law enforcement, there is no standard lockdown procedure for schools to follow. The primary aim […]
While liability coverage is essential for a home-based business, it is highly desirable to head off legal difficulties beforehand. Adding legal shield insurance coverage can be a modestly-priced way for a home business owner to lower risk and free valuable time. What Legal Shield Insurance Can Do Depending on the provider, a legal shield plan […]
Operating a business on or near large bodies of water can create a few specific obstacles. In order for you to protect your slips and docks, it is important to take time to review how to best insure your establishment. Marinas and similar businesses must adhere to specific regulations that dictate how insurance works. For […]
An experience modification rate is a calculation insurance companies use to manage workers’ compensation costs. It assesses past claims of this type and determines the potential for additional lawsuits. How Experience Ratings Work Insurance carriers use the metric: actual claims/expected claims to compare your workers’ compensation claims to other businesses within your industry. The industry average is […]
Boaters need to be conscientious about the possibility of falling overboard while they’re on the water. They also need to keep an eye out for any guests on their vessel who are not experienced boaters and may be unaware of the danger. Here are some of the most common causes of falling overboard. Slippery Surfaces […]
Ensuring a business is far from a one-size-fits-all process. The nature of the type of work you do is going to heavily impact what kind of risks you face. This, in turn, dictates what kind of policy coverage makes the most sense for your business. Failing to properly assess risks in advance is a mistake […]
Commercial laundry operations face a certain number of risks. For example, complex and expensive laundry equipment might malfunction, stopping operations and possibly damaging clients’ clothing or linens as a result. Water can back up, causing flooding and property damage. A comprehensive risk management plan can help mitigate some of the risks associated with operating a […]
Owning a bar can be extremely rewarding and lucrative. Unfortunately, there are many potential risks that come along with running a bar. When you are an establishment that serves alcohol, the usual risks associated with providing people with food and drinks increase drastically. In order to properly protect your bar, it is vital that you […]
If you are new to keeping records for your company, it can be difficult to make sense of all the IRS forms you need to file. Here is a simple explanation of what information a 1099 contains and why some staffing agencies receive them while others do not. What Is a 1099? A 1099 is […]
Do you own a business that operates on or near a large body of water? Do your services include renting out or storing personal watercraft? If so, then you absolutely need to take extra time when determining the perfect insurance package for your company. Factoring in certain variables can make a huge difference when it […]