Loss run reports. What are they and how do I get one? Below we dive into common questions surrounding insurance loss run reports and the role they play when shopping for business insurance.
An insurance loss run is a document that records the history of claims made against a business insurance policy, much akin to an incident report. The report is a document you can provide to prospective insurers when shopping for new business insurance coverage. Loss runs allow underwriters to determine how risky your business will be to insure.
A certificate of insurance form is often needed when a business needs to provide evidence that certain general types of insurance coverage and limits have been purchased. In a nutshell, it summarizes your insurance coverage to a single document. This may be important if a claim occurs and the business is found liable while providing their service or engaged in their trade.
As of 2018, there are 30.2 million small businesses in the U.S. accounting for 58.9 million jobs in the country. It’s no secret that
small businesses are a crucial part of the U.S. economy and their success
should be important to us all.
Managing a small business comes with a unique set of challenges and opportunities. Often times, simply deciding which goals or tasks to prioritize can be a full-time job in itself. As a small business owner, you are probably under a lot of pressure with little room for mistakes. It’s easy to become quickly overwhelmed when managing the million different moving parts of a business but the good news is there are ways to make managing a small business easier. Here are five of our best small business management tips for juggling day-to-day operations.
Running a successful restaurant is hard-work, no doubt about it. It requires a significant investment of time, money, creativity, and passion. It’s also one of the most competitive, rewarding, and risky industries out there. But what does it really take to stand the test of time and become a foodie favorite? Below are 8 best practices that can lead to a profitable and lasting restaurant.
Starting employment at a new business can be extremely exciting yet intimidating and can stir up some nerves. When adding a new person to your staff, you’ll want to make a positive first impression and ensure they are comfortable at your company; these impressions will impact how the employee views the company from here on out. This all begins with a solid onboarding process for new employees. Whether your company is large or small, welcoming new employees is imperative to promoting a healthy and productive company culture. Afterall, happy and engaged employees result in increased productivity—boosting your bottom line.
The new year symbolizes a perfect time to restart, create a fresh beginning, and make a goal or two towards a “new you.” While many people set New Year’s resolutions for themselves, few reach their New Year’s goals by the end of the year.
80% of New Year’s resolutions fail by February, and by the end of the year, only 8% of people will have achieved their resolutions.
What goes into making the 8% successful in achieving their New Year’s goals? Is it about making meaningful connections or as easy as committing a plan to paper?
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.
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.