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.

What Every Business Owner Should Know About Workplace Incident Reporting & Investigations

This entry is part of 7 in the series Claims Reporting

Workplace accidents happen. But knowing what to do in the immediate aftermath and planning out the appropriate procedures, including incident reporting and investigation, will minimize risks in the long-term and help reduce costs for your business in the short-term. Workplace incidents are almost always preventable – it’s just a matter of knowing how.

Why Should You Investigate Workplace Incidents?

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7 Tips to Prevent Frozen Pipes in an Arctic Blast

This entry is part 14 of 15 in the series Winter Defense

The National Weather Service is forecasting that a very dangerous arctic air mass will move into the Midwest, especially the Upper Midwest, Great Lakes and Ohio Valley regions during the next few days (1/28/19 to 1/31/19). This weather system will bring bitter cold and wind chills which are likely to hit record low temperatures. Are you prepared to prevent frozen pipes in your buildings and structures?

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How to Reduce Parking Lot Accidents

This entry is part 1 of 14 in the series Slips, Trips & Falls

Do you know what the largest claim type is for Society Insurance? If you guessed slips, trips and falls you’d be correct. In terms of frequency and overall claim cost to Society Insurance policyholders, slip, trip and fall claims account for approximately 44% of overall claims. That being said, there are a number of steps both employees and employers can take to mitigate the risks of parking lot accidents. Obviously, during the winter months it’s not uncommon for there to be snow and ice in parking lots, but there are many other factors contributing to slips and falls in parking lots—all of which business owners should plan for.

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Cyber Liability: Privacy Regulatory Defense & Penalties Coverage

This entry is part 25 of 27 in the series Data Security

The U.S. National Cyber Security Alliance reports that 60% of companies affected by a data breach will go out of business within six months. At a time when technology and the risks associated with it affect every person and business, Society Insurance provides leading-edge Cyber Liability insurance with comprehensive data security and privacy coverage.

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The Importance of Proper Restaurant Grease Removal for Kitchen Floors

This entry is part 2 of 14 in the series Slips, Trips & Falls

With 44% of Society Insurance claims related to slip and fall accidents, you can’t afford to bury your head in the sand. Even the best slip-resistant shoes may not completely eliminate the risks associated with a greasy restaurant kitchen floor. For this reason, it’s critical that every food serving establishment have an employee training program and written floor cleaning procedures for restaurant grease removal. Since greasy restaurant kitchen floors can have a significant impact on safety and cleanliness, be sure to stay current with, and abide by, manufacturer guidelines for the chemical cleaners your business utilizes. Removing grease from kitchen floors should be top priority when completing nightly cleaning procedures in any restaurant or food serving pub.

Ensuring your business has floor cleaning procedures in place is just the beginning. Here is what every restaurant manager should know about slip and falls and restaurant grease removal.

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How to Deep Fry Turkey Safely This Holiday Season

What is Deep Fryer Safety?

Deep fryer safety is essential when deep fat frying in order to prevent serious burn injuries and fires. Deep-frying involves cooking foods in grease at a very high temperature, 400 degrees or higher. Foods commonly deep-fried during the holidays include turkey, chicken, duck, crab cakes, latkes, empanadas and more. While deep-fried food can be quite tasty, it’s important to practice deep fryer safety every time you drop those scrumptious holiday delights into hot oil.

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Business Income Interruption Coverage – What You Should Know

Society Insurance understands that business downtime can have a huge financial impact on business owners. While some insurance companies say that your business must be shut down for at least 72 hours before they will reimburse you for loss of business income, we know that you start losing money at minute one. That’s why Society’s business income coverage kicks in immediately with no waiting period. When a covered cause of loss interrupts your “business as usual,” how long do you want to wait? (more…)

3 Spooky Liability Insurance Claims to Avoid This Halloween

Double, double toil and trouble; fire burn and, wait—is this covered by business liability insurance? If you have to think twice about your liability insurance coverage, it might be time to call an agent. Halloween is often a time where business owners contemplate their coverage as many liability insurance claims are related to injuries and accidents. Don’t let the thought of financial risk and loss of assets scare you into shunning trick-or-treaters or party-goers from your property this Halloween.

Here are three frightening liability insurance claims to avoid: (more…)

Cyber Terrorism: How Insurance Can Help Mitigate Damages

This entry is part 1 of 27 in the series Data Security

What is Cyber Terrorism?

Cyber terrorism is a politically-motivated attack against computers and data. These attacks are intended to be disruptive and advance the attackers’ political or religious stance. Acts of cyber terrorism result in a total or partial interruption of a computer system. Unlike cyber extortion, the hacker isn’t asking for any sort of ransom in cyber terrorism situations.

Examples of Cyber Terrorism

  • Sophisticated network attacks to gain access to sensitive data and high-value business information
  • Viruses and worms that are maliciously designed to disrupt, damage and attack an electronic infrastructure
  • Hacks to collect personally-identifiable information which can be used to steal identities

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