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Tag: Business Insurance

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INSURANCE Choosing Business Coverage: The Goldilocks Method One bed was too small. One was too big. Goldilocks didn't rest until she found just the right size. It's important that you do the same for your commercial insurance coverage. A variety of policies are available, and yours should be customized to suit the needs of your business. These needs are different depending on whether your business...

Your Reputation Is Vital

Your Reputation Is Vital!  How can business owners best protect their companies? You may have heard the most common small business claim is theft. This is true, but it's not the most costly one. Reputational harm claims top this list. These claims include libel, slander, and violation of privacy. The average cost for these claims is $50,000. If the claim involves a lawsuit, the price...

What is Employment Practices Liability Insurance?

Is Employment Practices Liability Insurance a Must? Employment practices liability insurance (EPLI) is a form of errors and omission insurance and protects your business against employee claims of discrimination, which could be based on age, sex, disability, race, or other traits. EPLI also covers suits regarding harassment or wrongful termination. In fact, as its name implies, its key function is to provide coverage if your...

How to Lower Your Property Insurance Costs

How Much Business Auto Insurance Does My Company Need? You probably realize you need insurance on your business vehicles. What you may not know, however, is what commercial auto insurance covers, what vehicles need coverage, and how much insurance you're actually going to need. To help, here's a quick overview of commercial vehicle insurance: What it covers: A business auto policy provides coverage for physical...

Is Experience Marketing the Face of the Future?

Rolling the Dice: Business Insurance Gambles to Avoid You can afford to take risks on some things. But business insurance isn't one of them. Too many small business owners make mistakes when setting up their business insurance. Here are three of the most common mistakes you don't want to gamble on taking. Losing may cost too much. "Let it ride": Check with your agent to...