Caterers and banquet facilities understand the details involved with planning exciting events and large celebrations. Society Insurance understands the unique exposures these businesses face on premise, as well as the risk involved when business is conducted away from the main operating location.
Protective Safeguards sounds like an endorsement you would want included in an insurance policy, right? Beware! This is actually an endorsement that can exclude coverage in certain scenarios. It’s important to know if this is attached to a businessowners’ insurance policy. (more…)
Did you know that insurance claims are generally resolved quicker and with lower out-of-pocket costs when they are reported promptly? Watch this video to learn more: (more…)
The hospitality business is all about patrons having a good time. Most business owners are vigilant about preventing verbal and physical altercations. But sometimes a situation may escalate leaving your business vulnerable to an Assault and Battery liability claim.
Assault is usually defined as “an act that threatens physical harm to a person.” Battery is generally defined as “the crime of unconsented physical contact with another person.”
For many in the hospitality industry, Assault and Battery is a concern – particularly if your establishment serves alcoholic beverages.
Did you know that many insurance carriers exclude this coverage for bars? (more…)
Recently we made a visit to Vern’s Cheese, a 3-generation family-owned business in Chilton, Wis. and had an opportunity to spend some time with Vern Knoepsel, President/Co-owner 1st generation; Edith Knoepsel, Co-owner 1st generation; and Kelly Knoepsel-Kress, Co-owner 2nd generation. We enjoyed learning more about their company history and why they have trusted Society Insurance to protect their business since the very beginning in 1964. Watch to learn more about the small details that have made a big difference for their business over the past 52 years. (more…)
It’s hard to pick up a magazine these days without reading about the importance of “going green.” We see it in public interest stories, government stimulus programs, and building requirements for the use of renewable products and energy-efficient equipment.
Many business owners are actively involved in green initiatives and practice sustainability in their operations. This may include upgrading to more energy-efficient equipment, stricter recycling programs, resource conservation, improving building efficiencies and more. In addition to the environmental impact, these efforts can increase bottom-line revenue and enhance employee morale and contribution.
The environmental and financial rewards of improving energy conservation and sustainability make it worth a business owner’s time to make sure (more…)
There are complicated issues and potential gaps in coverage when dealing with leases. Do you know that a lease may require the tenant to provide insurance for the landlord’s building, contents, betterments and improvements if necessary? Consider these examples where the lease requires the tenant to be responsible for the building items: (more…)
A common mistake an employer can make is to buy workers compensation insurance in one state while having employees working and/or living in another state. This creates a liability exposure in which the policy you purchased may not have coverage for claims generated by these employees.
One reason for this potential gap in coverage is that an employee is entitled to select the jurisdiction they wish to file their claims based on these three basic principles: (more…)
Artisan contractors are experts at what they do and expect to complete their projects without mistakes. But customers can be quick to allege negligence in a contractor’s work, and narrow margins expose contractors to costly errors. Contractors’ Errors & Omissions (E&O) is a specialized liability coverage to protect for potential exposures resulting from faulty workmanship claims. Consider these real-life scenarios: (more…)
Mistakes happen. But when it involves vehicles, mistakes can be costly! Consider these real-life scenarios: (more…)