Commercial Liability Insurance: Bodily Injury vs. Personal Injury

The inside of a store with a caution wet floor sign positioned next to a mop bucket.As a business owner, you likely don’t spend much time contemplating the legal difference between bodily injury and personal injury, but understanding these terms can help you better protect your business. Defining these technical terms can help you determine new safety policies and procedures and whether you require more in-depth liability coverage. Although commercial general liability insurance covers both bodily injury and personal injury claims, knowing the difference between the two helps you better prevent incidents and legal action. [Read more…]

Tips for Controlling Your Small Business Insurance Costs

A small business restaurant owner working on expenses on a tablet in front of a wall full of spices, glasses, and other ingredients.As a business owner, it’s not only your responsibility to ensure your company is generating income but also that you’re receiving the most in return for your spending. That’s why it’s important to review your business insurance to make sure you’re not overspending on excessive or minimal coverage. To determine whether you’re enrolled in the best policies for your needs, let’s review some tips for controlling your small business insurance costs. [Read more…]

Why Your Business Needs Liquor Liability Insurance

Three variations of beer sitting atop a wooden table in a restaurantRestaurants are no stranger to selling alcoholic beverages alongside their dishes. Even if a restaurant doesn’t sell alcohol, they may host periodic events where alcohol is permitted. On top of that, some stores, breweries, and bars make a living off of selling alcoholic beverages. Unfortunately, an increased risk of liability accompanies the serving of alcohol, as it’s famous for impairing motor skills and judgment if abused. Given the perils of excessive alcohol consumption – such as liability for assaults, property damage, and drunk driving – it’s important to know the necessity of liquor liability insurance. [Read more…]

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…]