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5 Ways Your Insurance Changes When Your Revenue Skyrockets
Is 2019 shaping up to be a more profitable year for your company? Congratulations! Reaching new revenue milestones, especially the $1 million mark, often brings shifts in how your business is insured. As your revenue grows, your business becomes a larger target for insurance claims, and it’s important to adjust
Four Assets That Need an Annual Insurance Review
As a business owner, it’s important to monitor your insurance policies to ensure you have adequate coverage in the event of a loss. This is especially true if you have large assets that are at risk during your business operations. The insurance design specialists at Swarts Manning & Associates can’t
Changing Commercial Insurance: Should I Shop for Other Options?
This is a common question for business owners who want the best value and protection. The commercial insurance market can be complex, making it difficult to know how to navigate the shopping process effectively. No One Enjoys Shopping for Insurance Unlike buying office supplies or internet services, soliciting insurance quotes
Cannabis Industry Employment is Budding: Attracting and Retaining High-Level Employees
The cannabis industry is expanding rapidly, with national employment growing by 690% between January 2017 and August 2018. With a projected growth rate of 220% in 2019, cannabis companies are at the forefront of an economic wave that demands attention. As employment opportunities rise, competition for skilled employees will intensify,
5 Ways to Minimize Risk at a Company “Christmas” Party
It’s the season for celebrations, and many businesses throw a Christmas party at the end of the year. These gatherings allow employees to enjoy food, drinks, and games as they unwind from a busy year. However, as a business owner, it’s essential to consider the potential risks associated with these
Background Screening Your Job Applicants
Background screening of prospective employees is an essential risk management tool that can reduce employee turnover, deter theft and embezzlement, and prevent litigation over hiring practices. Although background checks come with some costs, hiring without screening could lead to far greater financial losses, including the cost of recruiting, hiring, and
Job Site Cellphone Use: Safety Risks and Liability
Mobile technology can be a valuable tool for the construction industry, but on job sites, cellphones can pose significant safety risks. While they are useful for communication, cellphones distract workers from potential hazards and essential safety practices. Although OSHA does not have specific regulations on cellphone use, employers can still
Cryptocurrency for Businesses: Opportunities and Risks
While cryptocurrency can be exciting and potentially lucrative, understanding how it works—along with its benefits, drawbacks, and risks—is crucial for businesses. How Do Cryptocurrencies Work? Cryptocurrencies may seem complex, but they function similarly to traditional currencies, holding value and having exchange rates and limited supply. However, most cryptocurrencies are decentralized
Weathering the Storm: Why You Should Have Flood Insurance
As we round out 2019 and head towards the early part of 2020, we know the seasons are changing; it
Medical Malpractice: Protecting Yourself and Your Practice
Medical malpractice is something doctors don’t want to think about, but in the event that something goes wrong, they have
What’s the Omnibus Clause in Our Commercial Auto Policy?
Insurance policies are filled with legal jargon and complicated wording, but those details are often essential for understanding the ways
OxiClean Lawsuit Highlights Big Questions About Advertising Injury Coverage
Does the advertising injury coverage that’s often included in a commercial general liability policy protect policyholders from damages stemming from
Sitting on the Board: 6 Considerations Before Joining a Nonprofit Board
Serving on a nonprofit board is an honor, but did you know it could also expose you to personal liability?
4 Errors & Omissions Insurance Risks for Tech Companies and Consultants
As a technology company or consultant, you know there’s always the chance that a client will claim you’re at fault