Insurance Loss Runs Explained
Claims history is one of the main factors that insurers evaluate to determine a business’s commercial insurance premiums. As such, it’s crucial for organizations to have a sufficient grasp on their past losses. Fortunately, that’s where insurance loss runs can help. A loss run is a report generated by an insurer that records the claims […]
Coverage, Safety, Service: What Contractors Need to Know
You know that insurance is essential for your construction business, but did you know that not all construction insurance brokers are the same? If you tend to compare policies based solely on price and coverage, then you are missing vital services that only select brokers can provide—services that will save you time and money. An […]
Your Liability When Responding to Cyberbullying
Among its many consequences, the diffusion of new forms of electronic communication has given bullies new means for ridicule, harassment and belittlement. Being cruel to others by sending or posting harmful material or engaging in other forms of social aggression online or using other technology, also known as cyberbullying, is a serious concern for school […]
Hotels: Common Exposures
Owning and operating a hotel can be a rewarding endeavor. However, hotel operators have to manage numerous exposures related to lodging, and many offer amenities—including pools, exercise facilities, bars and restaurants—that can dramatically increase the number of insurable risks. The list below provides an overview of these hotel risks and more, helping you identify potential […]
Hotels: Preventing Human Trafficking
Human trafficking is one of the fastest-growing criminal enterprises in the world and is estimated to be a $150 billion-a-year industry. This activity is common in the hospitality industry, largely due to the privacy hotels and motels offer criminal third parties. In fact, criminals can operate discreetly in these businesses, as they provide traffickers with […]
Manage Cost of Risk, Control Price
Every facet of your organization impacts your cost of risk. Regardless of the type of business you run, many find it difficult to quantify their true cost of risk because it includes both pure and speculative risk. The impact negative publicity would have on your revenue is much harder to calculate than insurance premiums or […]
Help Protect Your Intellectual Property
Some of the most important assets in your business may be your intellectual property. These are intangible assets, including patents, trademarks and trade secrets. The U.S. government created these protections to keep your intellectual property against infringement. Patents What is a patent? A patent is the legal protection granted by the federal government to an […]
