Tag Archives: business insurance

PCI DSS Compliance and Cyber Liability Insurance

This entry is part of 17 in the series Data Security

Did you know that businesses are required to implement a set of security standards to protect credit card data?

Did you also know that banks and credit card companies can impose fines and penalties on your business if you fail to maintain these requirements? (more…)

Cyber Liability Insurance – Privacy Breach Response Coverage (Video)

This entry is part 1 of 17 in the series Data Security

A privacy breach that exposes sensitive customer information can be high-impact for all businesses. But it can be especially devastating for a small business, causing significant financial strain and irreparable harm to your reputation. So, what are the odds of a breach happening at your business? (more…)

Insurance Cost: Understanding Premium Audits

This entry is part 4 of 4 in the series Premium Audit

There is a process involved in determining insurance cost. There is also a process after a policy period expires to ensure that the policy premium was accurate – this is a premium audit, which is designed to guarantee that business owners only pay the premium they truly owe rather than a premium based on the estimated figures provided when their insurance policy was issued. The following information will help to explain the importance of the premium audit process. (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…)

Beware of Protective Safeguards in Your Business Insurance Policy

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…)

Society Insurance & Vern’s Cheese: Working Together for Over 50 Years

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…)

Out of State Workers Compensation: Avoiding Liability Exposures Across State Lines

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…)

Contractors’ Errors and Omissions

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…)

Video: Power Outages and Business Income Protection

The sky is dark as a storm system moves through your community. Overhead power lines have been damaged by strong winds, causing a blackout at your business. You are suddenly without power and unable to conduct business. How will this affect your business income?

Watch this video and learn about Society Insurance coverage in this scenario: (more…)