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…)
A high level of knowledge and understanding regarding industry-specific safety issues and loss trends makes a big difference in reducing workers compensation losses.
In this video, Rhonda McCreedy of DeRosa Corporation, Wauwatosa, Wis., and Chris Halverson of M3 Insurance Solutions, Waukesha, Wis., discuss Society Insurance’s proactive approach to risk control and loss prevention in the restaurant and bar business. (more…)
Most businessowners policies protect outdoor property with a standard limit of $2,500 for five specific perils: fire, lightning, explosion, riot or civil commotion, and aircraft. While this offers some protection for your outdoor investments, how likely are these events to occur? And if they do, will $2,500 be enough to cover your loss(es) associated with outdoor fences, antennas, light poles, signs not attached to buildings, and tree and shrub damage, including debris removal?
Consider these common claims situations not covered by a typical policy: (more…)
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? (more…)
What are punitive damages? Simply stated, punitive damages are a monetary award given to a plaintiff for the sole purpose of punishing a defendant for wrongful acts. They are not awarded in every case; acting maliciously or having an intentional disregard for the rights of the plaintiff are reasons for such an award. Gross negligence is a factor.
Punitive damage awards are above and separate from normal compensatory damages a plaintiff receives such as medical bills, lost wages, pain and suffering, etc. (more…)
Business owners typically consider property, general liability and workers compensation as necessary insurance policies to protect their assets. With the incidence of employment practices liability (EPL) claims widespread and growing, EPL insurance should be an important consideration for every business owner.
Myth: Our employee handbook is clear, so we don’t have to worry about an EPL claim.
Society is unique in its understanding of the contamination exposures businesses face. That’s why we offer a variety of coverages that best protect the unique risks of each business.
Consider these scenarios: (more…)
Society Insurance participated in a restaurant forum panel discussion for culinary students at Moraine Park Technical College in Fond du Lac, Wis. This discussion included a segment on restaurant insurance.
The experienced panel included:
- Kevin Wondra, Society Insurance Director of Sales and Marketing
- Paul Cunningham, Schreiner’s Restaurant, Fond du Lac
- Ron Jordan, Wisconsin Restaurant Association
- Kyle Cherek, Wisconsin Foodie