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…)
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…)
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…)
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…)
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…)
If you were a business owner somewhere between Minnesota and Maine this winter, there is a likelihood that your power was interrupted due to the massive ice storm that swept the Midwest and East Coast. If you were able to open, did large icicles hang perilously from your building putting your customers in harm’s way? Don’t forget about that slippery sidewalk and parking lot! What if an employee slips and falls while taking out the trash? What if a customer walks outside and gets hit in the head with an ice chunk or falls down and fractures their hip? Will they (or their lawyer) say that you didn’t properly clear the sidewalk, which caused them to fall? Most importantly, how will that affect your reputation as a business owner? Ice storms can wreak havoc this time of year! (more…)
Power outages, theft or property damage can strike businesses without warning, often in ways you can’t expect. While these situations are usually temporary, they can result in long-term consequences. Besides the initial loss, a business may be forced to close for days, weeks or months, cutting off revenue completely. The reputation of a business can also take a hit and lead customers to permanently switch to a competitor.