Categories for Business Insurance

create an end of year checklist to close out the year strong!

End-Of-Year Checklist

Where has 2022 gone? If you are a business owner, this time of year can be doubly stressful between balancing holiday plans and end-of-year operations. That’s why we want to take a moment to focus on creating an end-of-year checklist—so you can focus on the important things! Do I Need an End-Of-Year Checklist? Yes, creating…
good records

Keeping Good Records is Good Business 

Maintaining good records is important to help meet your tax and legal obligations. The right record keeping system not only helps satisfy these obligations, but it may save you money and time. Here’s what to consider for your record-keeping system.  What Records Do You Need to Keep?  The first step is identifying the records you…
Most Common Business Insurance Claims

Most Common Business Insurance Claims 

Pop Quiz! What are the most common business insurance claims? Is your business prepared to address these claims when they occur?  If you are unsure of these answers—or want a refresher—we hope this article can help! Whether you run a fast-growing business or are just starting, these business insurance claims could appear on your doorstep,…

The Ultimate End of Year Checklist for Small Business Owners

We can all agree that keeping a business afloat in a competitive market is quite tricky. It’s even sad that more than 20 percent of new businesses don’t get to celebrate their first anniversary. You have to reevaluate your business goals every year for continued success. Make an end-of-year checklist that you can use to measure and…

Selective Insurance Announces COVID-19-Related Premium Credit For Personal And Business Auto Policies

In a press release on Monday, Selective Insurance announced premium credit for personal and business auto policies. See their press release below: BRANCHVILLE, N.J., April 13, 2020 /PRNewswire/ — Selective Insurance Company of America, the lead insurance company of Selective Insurance Group, Inc. (NASDAQ: SIGI), today announced that customers with personal and business auto insurance…
Cannabis Insurance

It’s legal. What coverages does the Cannabis industry need?

As of November 6, 2018, a midterm ballot proposal to make recreational marijuana legal in the state of Michigan passed. The Cannabis industry will be fueled for growth. According to Ballotpedia and Michigan State Law, ballot initiatives without specific start dates go into effect 10 days after the results are certified and that results are…

Product Recalls: What Businesses Need to Know

Does your business offer products to consumers? If so, do you currently have a recall management strategy in place in the event of a recall? According to Statista, the Consumer Product Safety Commission fined at least 130 companies between 2006 and 2017 with civil penalties for product issues. To help your business avoid liability claims,…
Hacker using laptop. Hacking the Internet.

What is Cyber Liability?

Cyber Liability can seem confusing and overwhelming, but in reality it boils down to a very simple concept: If you require customers to provide their personal information in the course of doing business, you then become liable to protect that information from anyone. It becomes easier once we break down two words from above: Information:…

What You Need to Know About Commercial Drone Usage

You have probably seen and heard of several companies using drones for their business. You may also think if everyone else is using it, there’s nothing to worry about. This simply is not the case. What Are Drones?  Drones are also known as unmanned aerial vehicles (UAVs). This means it is a pilotless aircraft controlled…