How to Save Money on Workers’ Compensation Claims

According to the National Council on Compensation Insurance, restaurants are subjected to workers’ compensation claims averaging $45,600 per year. Most restaurants can’t afford an extra bill that big. Luckily, there are ways that restaurants can avoid being crushed by these costs and also recoup losses quickly. Prompt workers’ compensation claims reporting is key to receiving… Continue reading How to Save Money on Workers’ Compensation Claims

Liquor Liability: Limit Your Exposure

Businesses in the hospitality industry (bars, restaurants, hotels) provide a fun and relaxed atmosphere for clientele to briefly escape their everyday routines. While these establishments look for ways to distinguish themselves from the competition, they often share one common feature: a bar. Alcohol service, the commercial sale of alcohol, creates unique risks and exposures which… Continue reading Liquor Liability: Limit Your Exposure

Sign On the Dotted Line: The Importance of Understanding Service Provider Contracts

Picture this: An elderly couple wakes up on a cold morning in the middle of winter and they head out for breakfast. On their way, Lenny and Gertrude decide to swing by your business. They pull in and park their car. Lenny rushes out to open Gertrude’s door, as he has done thousands of times… Continue reading Sign On the Dotted Line: The Importance of Understanding Service Provider Contracts

Slip and Fall Claims from a Liability Perspective

Did you know the largest single claim type, in terms of frequency and overall claim cost to Society Insurance insureds, is the slip/trip and fall claim? In 2014 alone this type of loss was close to 50% for both liability claims received and liability payments. How do you tackle such a giant loss leader you… Continue reading Slip and Fall Claims from a Liability Perspective

Clearing Confusion with Snow Removal Contracts

Can we all agree that there is actually something comforting about looking out the window on a cold winter’s day and seeing a nice new blanket of snow on the ground?  Particularly if that snow is no longer on the sidewalks, parking lots, or road ways? If you are a business owner and you share… Continue reading Clearing Confusion with Snow Removal Contracts

Preventing Summer Slips, Trips and Falls

Everyone knows to be careful during the winter months when temperatures dip below freezing and there’s snow or ice on the ground. What people often neglect to consider is that hazards still exist in the summer months, both indoors and outdoors. In fact, it’s the element of surprise that can make summer slips, trips and… Continue reading Preventing Summer Slips, Trips and Falls

Top 3 Reasons Your Business Needs an Umbrella Policy

As a business owner, you never expect the worst. But you can plan for it. Umbrella liability coverage can protect your business against catastrophic losses. An umbrella policy provides an additional coverage over your primary businessowners, business auto, or employers’ liability coverage limits. Why should you consider an umbrella policy?

Four Insurance Questions to Ask Before Leasing Commercial Property

You’ve found the perfect rental space for your business: prime location, low utility costs and ample space, all for a rental price that’s right on the money. But have you considered what property insurance you need? To protect their property and shield themselves from liability, lessors can stipulate the types of insurance tenants must purchase.… Continue reading Four Insurance Questions to Ask Before Leasing Commercial Property