Hailstorms can be swift and destructive, damaging buildings, outdoor equipment and vehicles in a matter of minutes. For commercial property owners, such damage can result in destroyed property, costly repairs, business disruptions and lost revenue.
When it operates correctly, your commercial property’s sprinkler system can play a vital role in suppressing a fire. According toa recent report from the National Fire Protection Association (NFPA), in fire incidents substantial enough to require assistance from a sprinkler system, these systems activated 92% of the time.
In the event of a catastrophic commercial property loss, the process of getting your business back up and running can be overwhelming. Although infrequent, these types of claims can severely impact operations, earnings, team members and the company’s reputation. Responding to a loss can seem daunting in the moment, especially considering the first few hours following a loss are some of the most critical.
The Stowers Doctrine holds that a liability insurer that undertakes the defense of an insured has a duty to act in good faith in settling a liability claim. It is named for a seminal Texas case, G. A. Stowers Furniture Co. v. American Indem. Co., 15 S.W.2d 544 (Tex. Comm'n App. 1929).
The market for commercial property insurance continues to be challenging. Here are several factors contributing to premium increases for commercial property coverage.
As the one-year anniversary of OSHA launching its National Emphasis Program for Heat approaches, it is important to revisit some key takeaways.
When purchasing any product or service, it makes perfect sense to associate a better RATE with a better PRICE.
On November 22, 2022, the U.S. Department of Labor (DOL) introduced new regulations that allow retirement plans to factor in environmental, social, and governance (ESG) considerations when choosing investments and exercising shareholder rights.
As businesses across the country struggle to adjust their budgets during an uncertain economic climate, ensuring employee well-being has become increasingly difficult.
Many companies have implemented rewards programs to retain employees and keep them engaged, motivated, and committed. The idea is that employees will be more satisfied with their job if they are rewarded for their hard work and dedication.
