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Experience Modifier: How to Reduce Workers’ Compensation Premiums
A well-organized safety program benefits not only your employees, but also helps reduce Workers’ Compensation premiums. One major frustration business owners face with commercial insurance is that increasing rates are often out of their control. Whether due to collective loss history, rising inflation, or other factors, premium hikes are predictable yet frustrating. However, one controllable
How to Navigate Commercial Property Insurance Coverage
Whether you’re a small business owner or managing a large enterprise, protecting your commercial property is crucial. But with various coverage options, it can be overwhelming to determine what you need. Here’s a quick guide to help you navigate the essentials: The right coverages are vital to ensuring your company’s risk is minimized. Consulting with
The WCIRB’s New Insurance Classifications for Food and Beverage Businesses
The Workers’ Compensation Insurance Rating Bureau (WCIRB) has announced significant changes that will impact businesses in the food and beverage industry. Starting September 1, 2024, new insurance classifications will come into effect, promising more precise coverage and potentially better rates for businesses. Here’s everything you need to know about these changes, how they affect your
Cyber Attacks and Cyber Trucks: A Cautionary Tale
Last month, CDK Global, whose software is used by auto dealerships worldwide, fell victim to a sophisticated ransomware attack that severely impacted its operations. The cybercriminals behind the attack successfully breached CDK Global’s systems, encrypting critical data and rendering many of its services inaccessible. The attack disrupted operations for approximately 15,000 dealerships relying on CDK
Creative Ways to Save Money on Commercial Auto Insurance
Commercial auto insurance is a critical investment for businesses that rely on vehicles for their operations. Recently, rising premiums can strain budgets and erode profitability. To alleviate this financial burden, companies must explore creative strategies to save money on their insurance coverage without compromising on protection. Let’s embark on a journey to discover innovative approaches
Hosting Events or Parties at Your Home
Everybody loves a great party, and everyone appreciates a great host. Special memories are made when we gather together. There are, however, risks associated with events occurring at your home. Below is a list of considerations we’ve compiled when hosting gatherings at your home. Vendors When using caterers, DJ’s, bartenders, decorators, valet services, security services,
