Posts tagged General Commercial
Commercial Vehicle Accident Causes and Prevention

Motor vehicles accidents are the leading cause of work-related fatalities. Despite the endless safety strategies and recent gains in traffic safety, it’s still a risk when putting a large commercial vehicle on the road. In 2013, there were 30,057 fatal automobile crashes on the nations' highways, 12.7% of them (3,806) involved at least one large truck or bus. In addition, there were an estimate of 5,657,000 non-fatal crashes and 6.8% of them (385,000) involved a large truck or bus, according to data from the National Highway Traffic Administration.

Read More
Legal Spotlight: North Carolina’s Bathroom Debate

After a recent ordinance was passed in Charlotte, the North Carolina General Assembly called lawmakers back to Raleigh for a special session. This session was brought specifically to overturn this ordinance, which aimed to ban discrimination against LGBT individuals.  The most controversial provision allowed transgender individuals to use the bathroom that corresponds to the gender with which they identify.

Read More
Business Interruption Insurance: A Lifeline for Your Company

Most businesses have property insurance in place to protect themselves against severe losses from events like fires and explosions. However, the income lost during a shutdown after a loss can be even more devastating. Without business interruption insurance, the organization may suffer a blow from which it will be difficult to recover.

Read More
OSHA Penalties to Increase in 2016

On Nov. 2, 2015, President Obama signed the Bipartisan Budget Act of 2015 (Act), which is a two-year budget deal. One provision in the Act will allow OSHA to increase the maximum penalty amounts it imposes on employers that violate occupational safety and health standards. These increases will become effective Aug. 1, 2016.

Read More
Why it is Important to Review Business Insurance Annually

The majority of new business owners are mostly concerned about everything being favorable for the safety and success of their businesses, which means they must obtain the necessary business insurance. However, complacency can result from success and longevity. For example, if a person started a business 10 years ago with only a small workspace but has an office with multiple workers now, they may still have the same insurance policy they purchased when the business first started. If this is the case, it would be insufficient.

Read More
Investigative Steps to take after a Slip-And-Fall Accident

Slip-and-fall accidents may still happen with the best preventative techniques. While it is crucial to take steps to reduce the risk of these accidents, it is also important to know what to do after one happens. The investigation phase is very important. If there is a thorough investigation, it could limit the responsible company's liability, reduce the cost of claims and protect the business from even more losses.

Read More
Why Insurance Companies May Audit Your Insurance Policy

When your business gets a commercial insurance policy, in many cases the premium assigned isn't final. It's actually an estimate. Insurance carriers assign a premium from an informed estimate, based on prior years of business activities.

Read More
How Businesses Can Prepare for and Survive Disasters

The Insurance Information Institute (III) says that disasters such as floods, hurricanes and fires cause many businesses to shut down temporarily or close forever when they happen. In their recent research, the III found that 40 percent of businesses did not open their doors again after experiencing a devastating disaster. About 25 percent of businesses reopened but wound up closing again within a year.

Read More
Does a Homeowners Insurance Policy Cover a Home Business?

With the Internet and technology expanding every day, more and more people are building home businesses. However, a homeowners policy will not cover the risks of these businesses in most cases. The only hope homeowners have of receiving any compensation is if their policies have special endorsements.

Read More