What types of insurance claims do small businesses file most often? Unexpected events occur much more frequently than many business owners assume they will. Having a strong business liability insurance program is a major aspect of risk management and reducing the impact of claims.
When you read about purchasing business insurance, it’s likely that the terms you will encounter most frequently are general liability insurance and professional liability insurance. The main difference between general liability versus professional liability insurance is the risks they cover.
Happy 2020! You and your business can begin the New Year on the right track with a few simple steps. You will want to make sure the business is equipped with the right tools to meet and maintain its financial and operational goals.
Commercial general liability insurance provides coverage to a business for bodily injury, personal injury, and property damage caused by the business’ operations, products, or injury that occurs on the business’ premises.
Professional liability insurance can protect your business if you are faced with a lawsuit over a mistake made on the job, negligence or failure to perform a service. Unfortunately, these work-related mistakes aren’t the only reason professionals could face a lawsuit.
Running a restaurant comes with many challenges and risks. Many scenarios could be financially devastating for restaurants or and even force them to close their doors for good. Accidents are bound to happen so be sure to secure liability insurance for restaurants and have a concrete risk management plan in place to address the following common sources of risk.
Professional liability insurance, also called errors and omissions insurance, protects service businesses from the cost of defending negligence lawsuits and other claims of service-related errors. Service professionals and business owners who provide expert advice should purchase professional liability coverage.
There is certain information that real estate brokers are legally required to disclose to buyers and sellers. Full disclosure provides parties with the information needed to properly negotiate the price and assess the property’s suitability for their needs.
Slick surfaces are potential hazards to your guests and employees. It just takes one quick slip. A greasy floor, a buckling mat or uneven flooring could send an employee or guest to the hospital and you could wind up in an expensive lawsuit.
Strong communication is a key component of any relationship and can have significant positive effects on all parts of professional and personal life. Without effective communication skills, a relationship may suffer.