Author Archives: The Society Insurance Team

About The Society Insurance Team

Your business is your livelihood, and it’s our job to do all we can to help you protect it. By choosing Society, you’re not only getting one of the most comprehensive plans for your business, but a partner dedicated to your company’s continued success.

Turn Down the Risk of Occupational Hearing Loss

While heavy tools create a variety of physical risks for contractors, manufacturers and auto repair workers, one of the threats is harder to detect: hearing loss.

Though it may not seem serious, hearing loss is one of the most common workplace illnesses in the United States. The U.S. Centers for Disease Control estimates approximately 22 million American workers are exposed to dangerous noise levels at their job each year, and account for about 14% of reported occupational illnesses each year.

Exposure to high-volume environments comes at a price. Hearing loss jeopardizes communication and alertness in the workplace and can plague workers the rest of their lives. And the price tag? (more…)

Ordinance or Law Insurance Coverage

Standard property insurance provides coverage for returning a building to the condition it was in prior to a covered loss. What is not covered is the increased cost due to the enforcement of ordinances or laws regulating construction and repair of damaged buildings. Ordinance or law coverage was developed to fill this gap. (more…)

Civil Authority Insurance Coverage

Even if your business has been fortunate enough to avoid a loss, it may happen that disaster strikes near your business. Although this event doesn’t directly affect your ability to conduct business, action by a civil authority – like the police or fire department – may still prohibit access, resulting in a loss of business income and extra expense. Civil authority coverage comes into play in these situations, providing protection when there is damage to property other than your insured premises due to a covered cause of loss. (more…)

Hospitality Insurance: Do You Have This Unique Coverage?

Society is unique in its understanding of the hospitality business. Sometimes products of services that were ordered in advance become unavailable due to an unexpected loss or damage. That’s why we offer insurance coverage to reimburse your customers for additional expenses when prearranged products or services cannot be honored. (more…)

Using Contracts to Protect Your Business

This entry is part 5 of 5 in the series Business Contracts

A business should use written contracts with hold harmless and indemnification agreements to its advantage. The days of handshake agreements are disappearing; they may be gone entirely. When hiring a contractor or service provider, or renting or sharing space within a building, only do so based on a written agreement. The agreement should contain as much detail as necessary to define what work is to occur, what service is to be provided, and how or when it is to be done.

All agreements or contracts should be drafted with the help of legal counsel. While sample contracts are available online, there is often a disclaimer at the bottom — a disclaimer is another term used to deny liability — saying that the website and sample creator are not responsible for errors, omissions or damages of any kind if you use the sample. This doesn’t mean the sample can’t be used to create a draft, but the draft should always be reviewed by legal counsel before it is implemented.

When drafting a contract or agreement, use language, as well as hold harmless and indemnification agreements, designed to protect your business. (more…)

The Dangers of Hold Harmless and Indemnification Agreements

This entry is part 4 of 5 in the series Business Contracts

Hold harmless and indemnification agreements are becoming increasingly important in business contracts. They are elements or clauses within a contract or agreement that can work to your business’s advantage, or they can just as easily work against your business. Hold harmless and indemnification are terms that are used interchangeably, but do not necessarily mean the same thing. As with many things, the devil is in the details — or in this case, the wording. (more…)

Business Contracts: Certificates of Insurance and Liability Limits

This entry is part 3 of 5 in the series Business Contracts

To better manage your business, you may hire outside experts or contractors to help maintain your facility or provide a service to your customers. You will enter into agreements when hiring these contractors, and you may be advised to obtain certificates of insurance. These are legal documents designed to protect your business from liability and financial harm. Let’s take a closer look. (more…)

Don’t Be Afraid to Unplug

It’s Saturday evening and you’re sorting through work emails. Just ten minutes turns into just a half hour…or longer. What you’re really supposed to be doing is enjoying time with your family, spending the night with your friends, or just relaxing at home – but you still haven’t unplugged. (more…)

Video: Business Auto Insurance

Your vehicles drive your business, and Society has the safety tools to keep them going no matter the obstacle. Whether your fleet is for retail delivery, local service, repair or something else, we customize your business auto coverage around how your operation runs for a smooth ride.

Plus, Society’s auto extension endorsement provides several enhanced coverage protections. (more…)

Case Study: Workers Compensation and Subrogation – Recovering Money and Lowering Insurance Premiums

Handling workers compensation claims is no easy task. Some cases are very complicated, as well as very expensive. And every state’s laws regarding the payment of workers compensation claims is different. To add to that challenge, each state’s laws also differ somewhat as to how an insurance company may recoup some or all of the benefits paid. It is sometimes possible to recover money through the process of subrogation when the work-related injury was the fault of an independent responsible third party. (more…)