What is Business Insurance?

Business insurance encompasses all the different types of coverage available to protect business owners from losses.  Fires and other disasters happen whether you’re ready for them or not.  Car accidents can occur and people can fall, get sick, and even die.  Your business, regardless if it is a one-person operation or a multimillion-dollar corporation, needs to be able to protect …

Always Have an Umbrella (Policy) when it Rains

What is worse than finding out that there has been a mishap in your business? Finding out that the cost of the mishap exceeds your liability coverage. This exact problem is what umbrella policies are for, and they may be the tool that saves your business in many circumstances.Umbrella policies provide coverage to your business when you exhaust the limits …

Going Green is Going to Hurt if you are not Protected

As we become more entrenched in protecting our Earth, entities are paying even more attention to what others do (and don’t do) to join in and help change our wasteful ways. Bad press from harmful waste disposal is bad enough, so you don’t want to risk having to pay for cleanups and injuries as well. If your business doesn’t have …

It’s Time to Put an End to Employee Theft

It seems like every time you open up a newspaper, you see a story about a manager of a company who has finally been convicted after stealing money from their company for the last seven years. It’s time for businesses to protect themselves so they can reap the benefits of their hard work, and we can reap the benefits of …

Typical Ozarks Weather Throwing Your Business for a Loop?

photo provided by  http://www.hmsweather.com/    In January, we reached the low sixties in temperature, and a mere six days later the high for the day was 23 degrees. The saying goes “if you don’t like the weather in the Ozarks, wait five minutes,” but most business owners know that playing the waiting game can create havoc on their profits. Is this …

What about Earthquake Insurance?

Did you feel tremors from the November earthquakes in Oklahoma?  Many people in surrounding states say they felt the strange sensation of the tremor.  The Insurance Information Institute reports that 92 percent of the U.S. population lives in a seismically active area.  Earthquakes have occurred in 39 states and have caused damage in all 50 over the past 100 years.  …

Fall is Here — Are you ready for Winter?

Winter storms rank third in terms of the dollar value of damaage they cause, second only to hurricanes and tornadoes.  A January 2011 analysis by Minich Re, a leading reinsurer found that winter storms caused about $25 billion per year.  However, the winter of 2010 brought more winter storms to more populous areas of the Northeast and Midwest, causing about …

$300 Billion?

Estimates of insured property damage from the Japan earthquake ranged from $12 billion to $26 billion, despite the fact that only 14 to 17 percent of businesses and homeowners in Japan have earthquake coverage. Experts expect losses to commercial and industrial property to comprise approximately 35 percent of insured property losses. Total insured losses, including life insurance losses, could reach …

Cargo Theft: More Than Property Loss

In addition to the direct losses suffered, cargo theft can cause missed deliveries, lost sales and production downtime. Although  many thefts go unreported because victims do not want their insurance rates to rise, unreported cargo theft can cause liability exposures. For example, stolen food, beverages and pharmaceuticals can be re-sold. If the theft goes unreported and the goods have been …

Weight Discrimination

The majority of American adults are overweight or obese, yet studies have found that weight discrimination is increasing. This could prove to be a new frontier in employment law. How do we define “overweight” and “obese”? The U.S. Centers for Disease Control define overweight and obesity as “ranges of weight that are greater than what is generally considered healthy for …