Posted by cis-admin on December 21, 2011 – 9:27 am
Have you ever watched the television show The Office? This past week on The Office, they held a Holiday party and it was something to learn from! It depicted the pranks, drinking, and potential office romance problems that could happen if your company fails to plan in advance. Holiday parties are a great gesture for your employees and a way for everyone to bond while casually “letting loose” with their fellow co-workers.
With that being said, holiday parties can cause a great deal of stress for any company. An office party brings with it a host of liability issues, including the presence of alcohol, employee behavior and overall safety concerns.
But don’t cancel that party just yet! There are a few ideas to make your office Holiday party run smoother; allowing you to remain in control.
- No open bar- having an open bar may sound fun for the employees, but for you that means worrying about binge drinking and the potential for intoxicated driving. Avoid it without having that open bar and limiting the number of drinks each guest can consume.
- Have non-alcoholic options! Seasonal drinks are usually a party hit, such as, eggnog and cider!
- Think about including family and children. When people bring their significant others or children they tend to want to set a good example.
- Avoid religious ties. Don’t call it a “Christmas Party,” call it a Holiday Party. The reason for this is everyone might not feel comfortable when you label the party for one religion.
- Try something different! Instead of holding the office party in the office, rent a banquet hall, go to a restaurant, or try something completely different! Try a company outing, a volunteer opportunity, or a walk/run.
- Always provide transportation as an option.
Holiday parties tend to be something your employees look forward to so take the time to plan it right, allowing it to be both safe and memorable! And remember, the holidays bring with them enhanced risk and potential for loss, so be sure to review your commercial insurance coverage. Whether it’s a Florida commercial policy you have or a comprehensive Ohio business insurance package; use this time before the New Year to ensure your company is properly protected.
Happy Holidays!
Posted by cis-admin on September 16, 2011 – 12:07 pm
Although they are becoming less popular among investments, if you own bonds it is a good idea to consider purchasing a Massachusetts bond insurance policy.
What is a bond?
A bond is a loan in which the lender is a common customer and the borrower is the government, an agency, or a business. By purchasing bonds will allow the borrower to invest the principal with a promise to return it, typically with interest.
Bonds are classified depending on their maturity rating, tax status, financial rating of issuer, and whether or not they are secured or unsecured.
The amount of the bond is the principal with interest, which is usually fixed. So why purchase bond insurance? Doing so can protect you if the bond issuer is unable to follow through on their payments to you. Investing in an insurance premium will help you gain the security of knowing that your principal will be returned. Due to the unpredictable nature of our economy, this may save you a great deal of money in the long run.
Assure potential investors that their bonds are truly comfortable and secure with their bond purchase! Don’t wait until it is too late.
Posted by cis-admin on September 8, 2011 – 11:41 am
The truth is that it only takes one mistake to cause an individual or another business to file a lawsuit. A mistake made by you or any of your employees has to the potential to destroy your business financially.
Most general liability insurance does not specifically cover errors made by your employees. If you own your own business, it is extremely important to have Massachusetts Errors & Omissions coverage.
This type of insurance policy can be tailored to cover the risks and exposures that your business faces every day. Most insurance agents are in the business of offering professional opinion. In any profession where customers seek your advice, this type of policy is vital for your business surviving if an error is made.
By not choosing to purchase E&O coverage, your business is at serious financial risk. Even with top-notch employees and thorough risk management, humans are always capable of making errors because nobody is perfect.
Don’t wait too long to consider an E&O policy! The best time to purchase is before a risk is taken. Your customer’s will also feel a lot more secure knowing that if there is any occurrence of errors, they will be taken care of.
Posted by cis-admin on September 2, 2011 – 9:54 am
Owning a commercial space carries a great deal of responsibility. Could you imagine if it were ever vandalized, robbed, or damaged by fire or severe weather?
By purchasing a Massachusetts commercial insurance policy, this is will help business owners ensure their establishment is fully protected from risk and liability. When opening your new business, a comprehensive commercial insurance policy should be one of your top priorities.
This coverage will protect you, the business owner, from risk and liability if any of your property becomes lost, stolen or damaged. Premiums for commercial property insurance vary depending on whether they cover replacement cost or actual cash value.
Basic policies will cover the building’s contents including furniture, office equipment, inventory, and supplies that are inside. A policy that is tailored toward replacement-cost will ensure that your settlement is based on what you have to spend to replace any items at the current market prices. Actual cash value policies reimburse you for the depreciation value of your property.
The knowledgeable insurance agents at Morrill Insurance strive to pay close attention to their customers needs and will take the time to address any questions or concerns. As a business owner, you are going to have so many daily activities on your plate.
In order to run your business to the best of your ability, you deserve to have peace of mind in knowing your commercial space will be protected in the event of an emergency.
Posted by cis-admin on August 23, 2011 – 8:48 am
In the first part of this series revolving around “Myths Surrounding Commercial Van Insurance”, you learned a few of the real truths behind a few of the myths revolving around North Carolina commercial vehicle insurance.
While it is true that you need to consider all of the risks and ramifications if something unfortunate were to occur to one of your commercial vehicles, it is important to understand all of the facts so you can get the necessary protection for your business.
In other words, do not believe everything you hear or read about commercial insurance. This is because there are various misconceptions that exist about CV insurance. Here are more answers regarding the myths of the CV industry!
Myth #3 – All my employees covered in my policy when driving my CV’s.
This is not always the case. Before you let any of your employees get behind the wheel of your CV, double check your policy to make sure they are protected! This is because some insurers will only extend protection to those listed on the policy.
Myth #4 – I have no money for insurance, therefore, my options are limited.
It is actually very surprising how many adjustment options are available for consumers to lower your insurance costs. A cost-effective insurance plan can be drawn up to protect your business if you take the time to review your policy. Contact your insurance agent to see what your options are as far as adjusting your policy. Additionally, your agent could double check to see if your business qualifies for any discounts.
Posted by cis-admin on August 19, 2011 – 12:24 pm
If you are considering enrolling in a Maryland commercial vehicle insurance plan, have you considered what the ramifications would be if something unfortunate were to happen to any of your commercial vehicles? For many business owners whose company is very dependent on transportation for their daily activities, this is a risk that they face every single day.
Since your vehicles are the backbone that keeps your business up and running, there should be no reason to have them kept them fully protected if they ever became damaged.
It is important to understand all of the facts so you can get the necessary protection for your business. Today, I will get to the bottom of some of the myths that are surrounding the commercial insurance industry.
Myth #1 - It’s cheaper to cancel your insurance if you have a seasonal business.
This is not always the case. If you cancel your insurance policy, your stored vehicles won’t be protected. A Comprehensive-only policy is ideal for vehicles that sit for long periods during off-season. This type of policy provides coverage for a business that doesn’t need liability coverage during certain months, but needs basic protection. In the long run, a Comprehensive-only policy could save you a lot of money.
Myth #2 – You have to pay all your premiums for commercial van insurance up front.
Again, this is not always true. It really depends on the particular insurer in which you are inquiring. Some insurance companies offer payment plans that allow your insurance premium to be paid in installments, with very little initial payment.
Stay tuned for part two of this series revolving around Myths Surrounding Commercial Van Insurance!
Posted by cis-admin on August 9, 2011 – 8:03 am
When it comes to protecting the future of your business, you cannot be too careful. After you have put in all of the time and effort to build your business, you need to make sure your assets are covered with Florida Commercial Property Insurance.
Commercial Property Insurance could be one of the most important insurance coverage plans you ever buy to protect your business. To truly enjoy the benefits of the coverage, you have to understand how it works.
Commercial property insurance helps businesses pay to repair or replace buildings, structures, and contents that are damaged or destroyed because of fires, storms, or other events summarized in your insurance policy. Depending on the type of policy, it could also replace stolen property.
All in all, it is better to be safe than sorry. Protecting the livelihood of your business is very important. Whether or not you own or are renting your current business’ establishment, it is better to have your building safe-guarded from all risk. For a commercial property insurance quote, contact an agent at Tim Shaw Insurance for the best rates in the area.
Posted by cis-admin on August 1, 2011 – 8:29 am
The California Workers Compensation Insurance Rating Bureau is moving in a direction to allow for more transparency for the workers compensation process and represent the underlying cost drivers more accurately. This change will alter the benchmarking system that the WCIRB uses to determine pure premium rates.
Under the old system, new proposed premium rates were based on previously approved rates, and raised and lowered accordingly. Now, rates will be set according to the average insurer-filed pure premium rates.
A pure premium rate is determined from calculations of actual or expected cost to an insurer of indemnity payments and allocated loss adjustment expenses. This move is an effort to provide greater understanding of California workers compensation insurance rates and how they are determined and set.
In the past, the WCIRB formulates recommendations for pure premium rates that were not based on current insurer-filed pure premium rates. The change is to help change the rate-setting process but many people are concerned that adjusting pure premium rates could have an adverse affect on the marketplace.
Posted by cis-admin on July 25, 2011 – 1:57 pm
Do you own a Florida small business or looking to go into business for yourself? Florida is a great place for business. Not only do you have the influx of tourists to the state of Florida, you also have the benefits and support of an extensive network of state, federal and non-profit resources ready to assist you in your efforts.
Florida is one of the most desirable states to own a business due to the advantageous business tax system, 14 foreign trade zones and large population of skilled human capital. Florida also has the advantage of 101 clear and sunny days every year.
The mild temperatures are conducive to conducting a business that will generate a high level of foot traffic. And with an abundance of office park real estate, finding an office building is easy. As far as protecting your Florida business, the Sunshine State also features close to 30,000 insurance businesses, so you should have no trouble locating a reliable Florida insurance agency.
If you are looking to own a business where it is sunny 70% of the time, features abundant resources and the advantage tourists, Florida is your business destination.
Posted by cis-admin on July 20, 2011 – 2:39 pm
Workers compensation allows workers who are injured while on the job to receive the appropriate medical attention, recovery time and ability to collect wages while they are unable to work. On the whole, workers compensation, or workers comp for short, allows workers to return to the workforce at a quicker rate.
Workers compensation allows workers to get back to the work force faster because they receive the proper medical attention. Workers comp is not only necessary for the safety of your employees, it is mandated by law.
But where did workers comp begin?
The date was September 1, 1911 in Wisconsin. Wisconsin workers compensation helped families where the breadwinner suffered a severe injury or illness because of where he worked. For many workers at the time, going to work was a dangerous duty.
Around the turn of the century, a worker may wake up for work in a factory and come home severely hurt or worse. The creation of new cities also saw the creation of many dangerous jobs building large buildings with very few safety regulations.
Government mandated workers compensation was pushed through due to the fact that Unions argued that a worker had more to gain from suing their employer. Some were against workers comp because they believed it could deter employers from making their workplace safer because they could transfer the risk and cost of injury to a third-party insurance agency.
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