What Insurance Policies Do Religious Establishments Need?

A picture of the Putna monastery and its surrounding greenery including bushes and trees.With places of worship included in the first phase of Massachusetts’s reopening process, it brings to mind the types of coverage religious establishments need to stay protected. Religious organizations can often be the site of community events, weddings, solace, and celebration. Not only do these buildings invite an array of gatherings, but they also invite a level of liability exposure that exceeds other non-profits. To shield these sites from financial losses and protect them from unforeseen setbacks, it’s important to understand what insurance policies religious establishments need. [Read more…]

Employee Safety and Business Insurance While Working Remotely

Woman in pajamas working remotely on laptop at home with her dog. With the current pandemic leading to lockdowns and orders to stay at home, many are now working from home. Beyond reducing exposure to COVID-19, there are many notable benefits for employees, such as flexibility, comfort, and savings on commute. However, this convenience comes with some risks to your business, such as the exclusion of business property coverage from homeowners insurance and liability exposure to visiting business associates. To ensure you’re protected from the added risks, learn to teach employee safety and understand your business insurance coverage while working remotely. [Read more…]

Can Business Insurance Stave Off Losses from the COVID-19 Pandemic?

Closed sign in front of business due to COVID-19 pandemicThe recent outbreak of COVID-19 is wreaking havoc on the health and financial stability of the public. This pandemic is affecting small and large businesses alike, and it’s leading to a lot of uncertainty over the future of companies and their employees. With the number of policies businesses require, one may wonder if there is anything that can be done to stave off the financial losses from the COVID-19 pandemic. [Read more…]

Taking the First Steps to Turn Your Hobby into a Business

Man enjoying turning his hobby into a business and wrapping a flower bouquet in green paper In the words of Mark Twain, “Find a job you enjoy doing, and you will never have to work a day in your life.” What many would call a pipe dream has become a reality for millions around the globe. Turning your hobby into a business, whether it be gardening, baking, or painting, is attainable if you are willing to adopt a business mindset and the precautions necessary to guarantee financial stability. The preliminary steps are the easiest: identify your hobby, and make sure you are great at it. But where do you go from there?
[Read more…]

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.

[Read more…]

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.

[Read more…]