3 Must-Have Insurance Policies for Retail Businesses

The interior of a retail store selling various decor, including vases, towels, and mirrors.Many people dream of one day owning a store, and for those who’ve succeeded in this endeavor, it’s become a way of life. With this new business venture, these store owners need to invest in ways to safeguard all they’ve accomplished. Investing in protections that can guard you against the devastating financial impacts of situations like injuries to employees or guests, property damage, lawsuits, or sudden loss of business income is vital to ensuring that your livelihood remains intact. Let’s look at some must-have insurance policies for retail businesses. [Read more…]

How to Be Protected From Breaches in Employment Contracts

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The importance of a contract in any situation that has legal requirements attached to it cannot be understated, like employment. Not only do you want a contract as an employer, but also as an employee. The absence of a strong contract allows for more breaches of the agreement that both parties agreed upon. That’s why it’s important to take the time to understand the elements of an employment contract and get the proper protection for it.

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The Cost of Not Having Employment Practices Liability (EPLI)

The Cost of Not Having Employment Practices Liability (EPLI)Today’s U.S. citizens are more inclined to sue first and ask questions later. Unfortunately, as an employer, there is a good chance that eventually a lawsuit will be brought against your business. The number of lawsuits filed by their employees against their employers has been rising over the years. Most suits are filed against large corporations, but that still does not leave any company immune. Smaller companies need this just as bad as larger corporations. Continue reading to see how this policy can protect you and prevent a costly mistake. [Read more…]

What Is Employment Practices Liability?

Employment Practices Liability - TJ WoodsEmployment Practices Liability is an issue when former employees make claims that their legal rights as employees have been violated. Traditionally most lawsuits have been filed against big corporations, but numbers have been on the rise, putting smaller companies at greater risk. Many insurance companies have begun including this coverage in their Businessowners Policy (BOP) or offer it separately. The purpose of this insurance is to protect the corporation, directors, officers and employees from alleged employment-related wrongful acts. [Read more…]