Why Is Business Continuity Planning Worth Your Time & Effort?

How would your business respond after an emergency? We commonly plan for how to respond DURING an emergency, but put little thought into how we should respond AFTER a crisis has occurred. Business continuity planning can help to minimize business loss, improve continuity of operations, and protect the reputation you have worked hard to establish in your community. If your business becomes disrupted by a power outage, tornado, flooding or other disaster, it can cost you significant revenue and lost customers. (more…)

Insurance Premium Audit Checklist

Business owners are commonly contacted about completing a remium audit after an insurance policy expires or is canceled. The audit process is designed as a service to you that guarantees you only pay the premium that you owe.

What is a Premium Audit?

The primary purpose of a premium audit is to calculate your final insurance premium. When your policy was issued, the premium was an estimate of an exposure basis (usually payroll or sales) multiplied by a rate. The rate used is determined by how the exposure base is classified. The audit will examine your records to establish the actual exposure basis and make sure that the correct classification codes and rates are used in determining your final premium. Because the original premium was an estimate, the audit will mostly likely result in a change of premium and/or classifications for your business. (more…)

DIY Commercial Refrigeration Maintenance Tips

For centuries, harvesting ice was the only means of refrigerating perishable food items. If you lived in the United States, chances are you’d be relying on ice harvesters throughout New England to intricately pack the ice and make ready for a long transport. As you can imagine, shipping ice all across the country can be arduous and costly (even before you consider the loss of product while in transit).

It wasn’t until 1835, when the first patent was granted for a Vapor-Compression Refrigeration Cycle. Over the years, technology has vastly improved and almost everyone can recall growing up with a refrigerator in their own homes. As with many items that have become commonplace, we sometimes take for granted the amount of thought which went into the design and may overlook the importance of regular maintenance on the equipment after it has been installed. (more…)

The Risk is Real: Active Shooter Preparedness

Do you think an active shooter incident can’t happen at your business? Think again. Active shooter incidents in the workplace have continued to increase and are now five times more likely to happen than they were in 2000. These days, mitigating the loss of life through active shooter preparedness is essential for every business.

Would you know what to do during an active shooter situation? Ultimately, the goal of active shooter preparedness is to help build awareness of the issue and to provide helpful strategies that could potentially save your life and the lives of those around you. (more…)

Trash Talk 101

Taking out the trash can be dangerous. It sounds crazy, but it’s true. And the numbers prove it.               

Recent large losses among Society Insurance policyholders include the following claims:

  • Shoulder injury: $121,000
  • Shoulder injury (again): $117,628
  • Back injury: $62,550
  • Back strain: $17,347

What is especially interesting is that these claims have one thing in common. They all involve taking out the trash.

So, what can be done to reduce the danger and make trash removal safer? Start by controlling the hazards associated with these three simple areas: (more…)

Data Breach and Your Damaged Reputation

It is no secret that criminals are getting smarter at using technology to their advantage.  Unfortunately, that means your business could be the victim of a data breach left to face tremendous financial costs, lost customers and a damaged reputation. When word gets out that data was compromised at your business, it may take time to convince customers that it is safe to come back. (more…)

How to Use a Fire Extinguisher: An Easy 4-Step Process

Thankfully, most people haven’t had to contain a fire. But take a moment to think about how you would react during a fire emergency. Would you know what to do? Knowing how to operate a fire extinguisher could mean the difference between minor damage and a full-scale disaster at your business. (more…)