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…]

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…]

Why Your Business Needs Pollution and Environmental Liability

clean up Crude oil stainPollution related incidents are often considered limited to events such as the BP Oil Spill of 2010 and the Flint Water Crisis in Michigan this year, but these are not the only environmental accidents that occur. Many small businesses use chemicals that can endanger their customers in high dosages. Accidents are unavoidable for companies, and many of these offenses are accompanied by high costs. Pollution and environmental liability protects businesses from these consequences. [Read more…]

Protect Your Business from Natural Disasters

Suited man with umbrella behind a storm.According to Business Insider, one in four small businesses hit by a natural disaster never reopens its doors. Disasters such has floods and hurricanes are frightening for anyone touched by them, but only made worse for a business that support the local community. It is important to make sure that your business is protected when disaster strikes. By following these steps you can better prepare your business for the next disaster, whatever it is and whenever it decides to strike. [Read more…]

Founding a Business: Insurances You Need

Founding a Business, TJ Woods Insurance Agency, Worcester, MAStarting up a business is both an exhilarating and harrowing experience as you turn what has been months and years of preparation, saving, and dreaming into a reality. No one knows better than you how fragile a business is in its infancy, and soon you hope to discover the gaps that are created as your business expands. Founding a business takes a ton of time and effort from yourself and those who support you, make sure to protect your investment so it can become the business you dreamed of. [Read more…]