Coverage in Action: Crime Insurance

While you may think your business would never be the victim of theft, the harsh reality is that nearly every business can become a victim. In this day and age, thieves (including your employees) do not need direct access to cash to steal from you — merchandise, supplies, and securities are all fair game.

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Coverage in Action: Employment Practices Liability Insurance

From hiring workers to assigning duties, each of your decisions effects employees in a unique way. Although these actions are critical to running your business, they also create exposures that could lead to costly claims by employees or governmental regulators. Even if they are not warranted, claims for wrongful employment practices can disrupt operations, damage your business’s reputation, hurt employee morale, and negatively impact your bottom line.

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Common Exposures for Fitness Centers

Fitness centers are popular destinations for those looking to get in shape, and the owners and operators of these facilities are passionate about helping their members better their health. However, to best serve members, owners of fitness centers are forces to address the unique risks associated with their business. In this document, you’re read more about the common exposures faced by fitness centers.

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Coverage in Action: Contingent Business Interruption Insurance

Just one brief business interruption can be incredibly costly for an organization, often leading to serious reputational damages or long-term closures. Standard business interruption policies are vital in these instances, providing protection against a variety of common interruptions, including natural disasters, equipment damage, and vandalism.

But what happens when one of your suppliers or customers experiences an interruption that derails your operations? To help address this concern, contingent business interruption (CBI) insurance is crucial.

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Common Exposures for Auto Dealers

In addition to risks common to every industry, such as theft and natural disasters, auto dealers face unique risks due to test driving, vehicle repairs, loaning of vehicles to customers, and the presence of toxic and flammable chemicals. In this document, you’ll see an overview of these auto dealer industry risks and more — helping you identify potential blind spots in your risk management and insurance programs.

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Risk InsightsAmanda S
Coverage in Action: Business Interruption Insurance

Continuity is critical in business, and there are few things more important than continuous revenue and cash flow, particularly for small to medium-sized organizations. In fact, just one brief business interruption can be incredibly costly for an organization, often leading to serious reputational damages or long-term closures. In this coverage insight, you’ll find real world examples of business interruption insurance in action.

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IRS Allows Employers to Recover Mistaken HSA Contributions

The IRS recently released an information letter describing circumstances that would allow an employer to recover contributions mistakenly made to its employee’s HSAs. This is helpful guidance for employers that administer HSA contributions. Employers that recover mistaken HSA contributions should maintain documentation showing that a mistake occurred.

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Amanda S
Common Exposures for Retail Operations

Owning and operating a retail store can be a fulfilling experience. Years of hard work, risk-taking, and financial investments have allowed you to turn your dreams of opening a store of your own into a reality. However, many business owners don’t realize how many exposures they must address to keep their business operating smoothly. This document provides an overview of retail industry risks — helping you to identify potential blind spots in your risk management and insurance programs.

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Amanda S
Common Exposures for Hotels

Owning and operating a hotel can be a rewarding endeavor. However, hotel operators have to manage numerous exposures related to lodging, and many offer amenities — including pools, exercise facilities, bars, and restaurants — that can dramatically increase the number of insurable risks. This document provides an overview of these hotel risks and more, helping you identify potential blind spots in your risk management and insurance programs.

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Risk InsightsAmanda S
Layoff Cautions for Employers

Economic slumps may force many employers to layoff workers to save costs. Along with this attempt to save money comes the inherent risk of being sued by a terminated worker. In this risk insight, view some measures you can take as an employer to protect your organization against potential lawsuits brought on by terminated employees.

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Risk InsightsAmanda S