Business Insurance: Additional Insured vs. Loss Payee

A janitor cleaning a business' tiled floors with a floor-washing machine, meant to despite someone who is an additional insured.When you’re searching for a new policy for your small business, it can be difficult to wrap your head around all the insurance jargon and terminology. One common area of confusion arises from the terms “additional insured” vs. “loss payee.” At first glance, it can seem these two are the same because you can add both entities to your business insurance and grant them the right to benefits. However, beyond this broad similarity, they’re actually quite different. Let’s discuss the difference between additional insured vs. loss payee and their accompanying rights. [Read more…]

Protecting Your Construction Site from Theft

A residential construction sight featuring the frame of a house and a close up of a chiselWith warmer weather on the horizon, construction projects are underway once again. However, these job sites can quickly become targets for thieves, especially considering the current high price of construction materials. Anything that can be sold for cash – such as building materials, equipment, trailers, and construction vehicles – are at risk. Developing a site security plan can help your crew mitigate the risks of trespassing, theft, and vandalism of your job site. Let’s review some tips for protecting your construction site from theft. [Read more…]

What Does It Mean to Bundle Your Insurance Policies?

The inside of a tiled garage with a white minivan and black ATV parked inside, meant to represent the benefits of bundling your insurance policies.Insurance is a necessary expense for most households, but it doesn’t have to be an investment that breaks the bank. You want to be sure you’re getting the best coverage for your possessions while also utilizing possible discounts. If you’re the owner of both a home and a vehicle, there’s likely an opportunity to secure savings by bundling your policies. Beyond savings, you can also take advantage of the other benefits bundling has to offer. Let’s discuss what it means to bundle your insurance policies and all the perks that come with doing so. [Read more…]

What’s the Difference Between Libel vs. Slander?

A book on a desk with the title, "Defamation Law," with a pen on top and a gavel in the background meant to signify the repercussions for libel and slander.A common misconception is that all speech and communication is protected, but it’s important to realize that there can be financial repercussions for companies that make false claims heedlessly. Libel or slander lawsuits often arise due to a business owner not being properly informed about what these definitions entail or from lacking the appropriate protections. That’s why it’s crucial to know the difference between libel vs. slander and how being proactive can keep your business protected. [Read more…]

What are Ghost Kitchens and Their Insurance Requirements?

A line of cooking stations arranged in a ghost kitchenDining out is more about eating in as a result of the pandemic. In the past few years, restaurant owners and kitchen staff have been seeking opportunities to generate income in a restaurant industry devastated by COVID-19. Ghost kitchens are the latest trend to help aspiring restauranteurs – as well as established restaurants – participate in the market while minimizing the risk of contracting COVID. Let’s discuss the new phenomenon of ghost kitchens and the insurance requirements of those that use them. [Read more…]

How to Strengthen Your Fleet Safety Program

The nose of a white delivery truck on the left side of the picture, with a parking lot and a fleet of blue and green long-haul trucks in the background.If you’re a company that uses a fleet to conduct its business – whether it be for delivery or a service like waste management – you likely know how costly an accident or personal injury can be. If you don’t take the necessary precautions when it comes to your drivers and company vehicles, you’re putting your employees’ and business’s welfare at risk. That’s why it’s essential to foster a safe working environment by specifically designing a safety program for your fleet. Let’s review some must-have elements to strengthen your fleet safety program to protect yourself against liability from accidents. [Read more…]