Who is Responsible for Improvements on Leased Property?

Businesswoman reviews lease agreement in office.

From spiffing up a single-bedroom apartment to overhauling a leased retail space, an improvement made on leased property changes the value of the property overall. Unlike with possessions, many improvements (or betterments) made to the property cannot easily be taken with them, so who is responsible for cover the increased value when it comes to insurance: the lessee or the landlord? Today we’re going to look at how improvements on the leased property should be covered and whose responsibility they should be.

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Protecting Your Business from Cyber Breaches

Breaches are beginning to become more and more common like any other disaster, and the after-effects of a breach can be long-term. Last year, there were 1,579 data breaches, exposing nearly 179 million records. That represents a 44% increase in the number of cyber breaches and a 389% increase in records exposed. In this blog we’re looking at how your business needs to plan for these incidents like any other workplace safety issue, using plans, policies, and insurance to keep you and your bottom line safe. Let’s start with terminology.

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How to Plan and Move Your Business to a Temporary Location

business meeting business woman Explain analyze the company's sales plan to team leader and business owner by use computer laptop calculator stock maket chart on wood desk in conferance.A recent study conducted by the National Oceanic and Atmospheric Administration, natural disasters used $306 billion in damages worldwide in 2017. These damages often include harm to buildings that harbor businesses like yours. If you’ve been affected, then you’re likely in a situation that requires fast action to find a proper location and get your business back up and running. If you’re attempting to protect your business from a disaster before it strikes, check out our blog, Protect Your Business from Natural Disasters. [Read more…]

Getting Physical with Fitness Center Insurance

Getting Physical with Fitness Center Insurance When running a facility that deals with hefty machinery and members who strive to test their physical limits, it’s no shock that accidents occur. If exercise weights aren’t secure and end up falling on to a customer, your business might find the weight of accident liability falling onto their shoulders. When it comes to situations of liability, learn how fitness center insurance can help, from the smallest yoga studio to the biggest 24-hour gym. [Read more…]

Non-Owned Auto Coverage to Protect Your Employees

man in suit driving his carYour company has employees, and your employees have cars. When they use their cars on behalf of your business and get into an accident, who is liable for the accident? In our blog When Do You Need Commercial Car Insurance? we took a look at some examples where the line becomes blurred and insurance policies revoke their coverage. Today we’ll go over signs that your company needs to provide insurance for your employees, and how a non-owned auto coverage policy might be the right choice between no coverage and getting company cars with commercial vehicle insurance. [Read more…]

The Importance of Cyber Insurance

Computer security compromised.In 2011 Sony experienced a PlayStation hack breach with costs around $171 million. Sony only had general liability insurance. Sony’s policy only covered the physical property damage not any cyber damages. If Sony had invested in cyber insurance the company could have had that $171 million offset. Cyber insurance is relatively new but, it is a necessity in a world that is becoming increasingly dependent on technology. [Read more…]