Double, double toil and trouble; fire burn and, wait—is this covered by business liability insurance? If you have to think twice about your liability insurance coverage, it might be time to call an agent. Halloween is often a time where business owners contemplate their coverage as many liability insurance claims are related to injuries and accidents. Don’t let the thought of financial risk and loss of assets scare you into shunning trick-or-treaters or party-goers from your property this Halloween.
Here are three frightening liability insurance claims to avoid: (more…)
For centuries, harvesting ice was the only means of refrigerating perishable food items. If you lived in the United States, chances are you’d be relying on ice harvesters throughout New England to intricately pack the ice and make ready for a long transport. As you can imagine, shipping ice all across the country can be arduous and costly (even before you consider the loss of product while in transit).
It wasn’t until 1835, when the first patent was granted for a Vapor-Compression Refrigeration Cycle. Over the years, technology has vastly improved and almost everyone can recall growing up with a refrigerator in their own homes. As with many items that have become commonplace, we sometimes take for granted the amount of thought which went into the design and may overlook the importance of regular maintenance on the equipment after it has been installed. (more…)
Your cooking equipment is probably the most important thing inside your restaurant. One unexpected failure could ruin a busy dinner service. Even worse, a kitchen fire could put you out of service for days, or even weeks.
To keep your equipment – and your business – operational, the following five points are often the most critical routine maintenance requirements in the kitchen. The best practices listed below are the requirements of Society Insurance and are based on our company’s loss history and expertise in the restaurant markets that we serve. These best practices closely reflect the National Fire Protection Association (NFPA) standards and may be more or less stringent than the NFPA standards. (more…)
When it comes to data security, a threat is any potential danger to information or systems. Threats could be an intruder network through a port on the firewall, a process accessing data in a way that violates the security policy, a tornado wiping out a facility, or an employee making an unintentional mistake that could expose confidential information or destroy a file’s integrity.
It’s critical for every business to understand their risk. An important step in data security is to identify potential threats, classify them by category, and evaluate the damage potential to the company. Use this checklist to understand common data threats and assess how they may affect your business: (more…)
Our risk management team is committed to identifying dangers that could result in financial loss or injury – and providing thoughtful solutions to keep your workplace safe and profitable. In 2017, Society’s risk control experts conducted webinars to share their insight and safety resources. (more…)
According to the U.S. Bureau of Labor Statistics, in 2014 there were 34,860 workplace slip and fall injuries involving ice, sleet or snow that required at least one day away from work to recuperate. At Society Insurance, the number one loss source for both workers compensation and liability claims are slips and falls.
There are important steps both employees and employers can take to mitigate the risks of walking on ice. (more…)
Is your business as well-protected as it should be? Do you really know what goes on when you’re not there to see it firsthand? As a business owner you want to ensure that your investment is protected against loss from the public or from your own employees.
Due to their early and late hours and sometimes short staffing, gas stations, convenience and liquor stores are often subject to more crime and violence, which is a growing concern among many of Society’s policyholders. Other businesses such as restaurants, taverns, and grocery stores experience increasing numbers of slips and falls. Having an effective video surveillance system will help deter shoplifting and employee theft, and it can also prove valuable when trying to document crimes and injury claims by customers or employees. Many of the newer digital systems allow you to review your footage from a smart phone, even if you are not onsite.
So, is video surveillance really necessary at your business? YES. Here’s why: (more…)
Slip and falls represent a huge liability for business owners. Outdoor surfaces, such as parking lots, sidewalks and walkways, are one of the leading areas for slip and fall accidents. These areas become increasingly more hazardous in the winter with the accumulation of snow and ice. Slip and falls are the number one source of loss for Society Insurance policyholders for both customer and employee injuries.
If you own your property you are responsible for the snow and ice removal. If you are a tenant who leases your space check your lease agreement to see who is responsible for snow and ice removal; it may be you! Whether it is in an effort to save time or money, some business owners opt out of using ice melt on slippery sidewalks and entryways. By doing nothing, business owners open themselves up to customer liability claims as well as employee injury. Business owners should have a winter snow removal and ice treatment plan to prevent customers and employees from slipping and falling. (more…)
Business owners can lower the chances of large property losses, production delays, material loss, or even a total loss of their business with preventive measures. One such tool to lower the risk factor is the installation of an alarm system. An alarm system alerts those individuals on-site and it can send a signal to a monitoring service company. Alarm systems help deter potential break-ins, keep customers and employees safe during emergency situations, and provides quick notification allowing for faster response times. (more…)
The National Floor Safety Institute is focused on providing the general public with an educated awareness to the problems of slip and fall injuries. There are many preventive measures that can help to avoid these terrible accidents. It only takes one fall to completely alter the life of a victim.
Slip and fall accidents happen every day and should be a significant cause of concern in both the summer and winter months. In 2009, the total costs of slip and fall accidents was $60 billion, but that number has continued to rise. Today, these accidents account for nearly $80 billion.
Injuries as a result of a slip, trip or fall are the leading cause of injury-related emergency room visits. Unfortunately, the general public is sometimes led to believe all slip, trip and fall injuries are scams. This is not true. There are preventive strategies that can help reduce the frequency of these types of accidents, in turn reducing the number of injuries. (more…)
The insurance tips and trends to help you make smart safety decisions for your business, plus an inside look at Society.