Insurance companies transfer individual and business risk for a price. They crunch numbers and calculate risk scenarios to develop pricing strategies that balance profits and payouts. Profits allow insurance companies to manage their cash so it’s available when their customers make claims. An insurance company’s ability to pay its debts and claims makes it stable. […]
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A sole proprietorship is an unincorporated business owned by one person. Anyone can set up a sole proprietorship, making it one of the easiest and fastest ways to form a company. In fact, the Small Business Administration says 87% of firms without employees are sole proprietorships. The advantages of being a sole proprietor are that […]
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There are plenty of reasons for an undo-and-destroy button when posting content online. An unfortunate post could get downloaded or screen captured within seconds, taking it out of your hands and leaving it for others to control forever. But what if: You didn’t update or authorize the content? The person purporting to be you isn’t […]
Read MoreA coinsurance clause in your commercial property insurance policy will penalize you following a loss if you haven’t purchased sufficient insurance. It is important to understand how this works. The below infographic gives you an overview:
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Preparing for an inspection by the Occupational Safety and Health Administration (OSHA) is like preparing for an emergency. You do not want to wait until the event occurs to figure out what to do. This is not to suggest you should initiate drills for an inspection, but you should plan for and periodically address OSHA […]
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Every year, Christmas trees start fires. While these fires aren’t common, they tend to be very serious, resulting in costly damage, property loss and even loss of life. According to the National Fire Protection Association, Christmas tree fires between 2013 and 2017 caused an annual average of three deaths, 15 injuries, and $10 million in […]
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During the transition from fall to winter, it might make more sense to use a supplemental heater than to turn on your primary home heating source just to cut the morning chill. Or if you live in an older or poorly insulated house, you may need to supplement your primary heating source just to keep […]
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Majestic old trees are beautiful, but they can also be dangerous. Falling trees and tree limbs cause millions of dollars in property damage each year when they land on buildings or vehicles. If a fallen tree is large enough, it can destroy an entire home. While some tree hazards are unavoidable – such as a […]
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It may come as a surprise to some, but hunting is actually one of the safest sports you can be a part of. Why is that? Because the people who participate have a healthy respect for the rules and regulations involved with hunting safety. Make sure you know how to keep hunting trips safe for […]
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Winter will be here before you can say “pumpkin spice,” so take the time to plan for a safe and cozy season. Prep your home for the snow, ice, and frigid temperatures around the corner. Get started now with these tips for winterizing your home. Clean your gutters. Wait until the last of the leaves […]
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