Depending on the type of business you own, you probably already have a collection of insurance policies to protect you in a variety of specific situations. While these are all important to have in place, you may also want to consider investing in an umbrella policy to supplement your existing coverage. Even if you didn’t…
As a business owner, you know that you need some type of business insurance to protect you against liability in case you’re sued over property damage, bodily injury, or other personal injury. Commercial General Liability (CGL) insurance is often the first type of coverage that business owners look at, but there are important commercial insurance…
The purpose of insurance is to mitigate against risk. No matter how carefully structured and managed your business is, there will be exposure to risk in many ways almost daily. That exposure necessitates insurance to protect against loss, but many businesses start and end their risk management practices with insurance policies. Simply buying more insurance…
Finding the information you need to make an informed decision about your workers’ compensation insurance isn’t always easy. Most are at the mercy of their broker, who may not check the rates of every carrier offering policies for your industry. How do you know if you’re getting the best possible rate from the best possible…
One of the most important but often overlooked forms of business insurance is Employment Practices Liability coverage. Designed to respond if your business is accused of wrongdoing by an employee, EPLI coverage is a standard part of most larger corporations’ coverage, but for small businesses, it’s often not included for a variety of reasons –…
One of the most important factors in reducing workers’ compensation claims and in turn policy rate is your hiring process. The people you hire, their background, and their contribution to risk in your business, are hugely important, and yet fewer employers than ever before are conducting the types of credit and criminal background checks that…
One of the most significant factors influencing the cost of workers’ compensation insurance in California is a business’s experience rating or ExMod. This number, applied to each business depending on a number of factors, modifies the base rate offered by the company’s insurance carrier and therefore directly impacts the total cost of insurance. The California Workers’…
The pressure of owning your own business is enough to keep you up all night determining ways to keep you and your employees safeguarded. For many small businesses today, the office is in reality wherever work takes you. This in turn often requires travel by car. Whether you or your employees drive your own vehicles,…
There are an increasing number of California small businesses, restaurants, and other public access buildings whose owners are being plagued by lawsuits based on supposed violations of the Americans with Disabilities Act (ADA), which requires that all disabled persons should have the same access to public buildings as other people. As with any issue, there are two…