Cannabis Dispensary and Retailer Insurance
This article provides an overview of the unique coverages needed to fully protect marijuana dispensaries and retailers from liability.
New Flood Insurance Rating System
Even if your home or business isn’t near a flood zone, securing an adequate flood insurance policy could be a lifesaver when dealing with a natural disaster.
Five Strategies for Reducing Workers’ Compensation Costs
When a company experiences significant increases in workers’ compensation costs, it usually triggers internal activities aimed at reducing insurance costs and spending.
Are You Covered in Case of a Business Interruption?
Insurance experts estimate that Business Interruption Insurance is one of the most, if not the most, valuable coverage available, yet business owners often overlook it.
Prompt Reporting of Employment Practices Liability Claims
Allegations of harassment, discrimination, retaliation, and failure to adhere to minimum wage and overtime rules is a nightmare for any company. Lawsuits brought by employees represent one of the most common types of litigation faced by employers of all sizes.
Difference-in-Conditions Insurance
These days, floods, earthquakes and similar catastrophes are common threats to a business’s property. In fact, according to the Insurance Information Institute, natural disasters cause billions of dollars in property losses in the United States each year.
Disaster Response Plans for Manufacturing Businesses
Your business needs to be prepared for anything so that it can survive even the most unexpected disaster. Though terrorism may not seem likely, it is still a viable threat that you must consider, particularly if your manufacturing facility is in or near a large city. You also must consider more tangible, common risks, such as criminal activity or natural disasters. To protect your company against such threats that could strike at any time, it is important that you have effective security preparation and disaster response plans.
Six Steps to Minimize Business Interruptions
According to the Federal Emergency Management Agency, 40 percent of businesses never reopen after a disaster. Implementing steps to prepare for and respond to disasters can help to reduce loss. In order to protect your business from unavoidable interruptions, it is recommended that you have an emergency plan in place to protect your business.
Disaster Readiness Planning for Financial Institutions
In times of crisis, people need reassurance that their money is safe and easily accessible. As a financial institution, countless people and businesses rely on you every day for your services. Maintaining your daily operations is vital to your organization, which means that unexpected disaster can present a huge threat. To prepare for the unexpected, you should review your disaster readiness plans to help you minimize the impact of any potentially threatening situation.
Preparing Your Business for a Hurricane
Of all businesses that close down following a disaster, more than 25 percent never open their doors again. While there’s no way to lower the risk of a natural disaster from hurricanes, there are critical measures that can be taken to protect your company’s bottom line from nature’s fury. A disaster plan and adequate insurance are keys to recovery.