December 11, 2024
jdowdinsCommercial Auto Insurance Tips
Tips for Commercial Auto Insurance Buyers Examine your risk management practices relative to your fleet and drivers. Enhance your driver safety programs by implementing or modifying policies on safe driving. Design your driver training programs to fit your needs and your business’s exposures. Establish effective onboarding and educational initiatives for new drivers. Regularly retrain drivers […]
December 9, 2024
jdowdinsCommercial General Liability Insurance Tips
Tips for General Liability Insurance Buyers Work with risk management experts to educate yourself on key market changes affecting your rates and how to respond using loss control measures. Adopt proactive safety and risk management measures to minimize incidents that could lead to lawsuits, such as employee training and stringent safety protocols. Create an active […]
December 4, 2024
jdowdinsCommercial Property Insurance Tips
Tips for Commercial Property Insurance Buyers Conduct a thorough inspection of your commercial property and the surrounding area for specific risk management concerns. Implement additional mitigation measures as needed. Work with insurance professionals to begin the renewal process early. Many commercial property insurers are seeing an increased submission volume. Timely, complete and quality submissions are […]
November 7, 2024
jdowdinsHow To Protect Your Business From Lawsuits
Lawsuits can affect a small business’s finances and reputation, so business leaders need to be proactive to mitigate these risks. Small businesses in all industries face the potential of lawsuits. These disputes can require substantial money, time and effort, and they can damage a company’s reputation, regardless of the case’s merits or outcome. Considering these […]
October 29, 2024
jdowdinsDoes Your Business Have A Safe Parking Lot?
The Importance of Parking Lot Safety Maintaining a safe parking lot is a crucial but often overlooked part of a small business’s risk management plan. A well-maintained parking lot not only helps prevent injuries and minimize liabilities but also contributes to a positive customer experience, a strong reputation and improved employee morale. While safety efforts […]
October 21, 2024
jdowdinsSeven Commonly Overlooked Business Insurance Policies
Business insurance is essential for keeping a company financially resilient should disaster strike. While most employers know that they should purchase basic forms of insurance, such as a commercial general liability policy, they often overlook other important types of coverage that provide valuable financial protection and peace of mind. 7 Types Of Insurance Every Business […]
October 17, 2024
jdowdinsHow To Avoid Insurance Coverage Disputes
It is often beneficial for businesses to implement strategies to avoid coverage disputes altogether. Business leaders can take the following measures to help accomplish this goal: Proactively review insurance policies. Employers and business leaders should Ensure coverage aligns with current business risks, especially after growth or operational changes. It’s crucial to seek clarifications regarding any […]
October 16, 2024
jdowdinsHow To Resolve Insurance Coverage Disputes
Disagreements can arise between businesses and insurers over what a policy covers or how much an insurer should pay on a claim, potentially leading to financial strain and operational challenges. To mitigate these risks, business leaders must understand the steps to resolve them, including alternative dispute resolution (ADR) options and litigation. Alternative Dispute Resolution (ADR) […]
October 15, 2024
jdowdinsHow To Navigate Insurance Coverage Disputes
Coverage disputes can be expensive, time-consuming, stressful and confusing. The following measures can help businesses navigate these challenges effectively: Thoroughly review insurance policies. Business leaders should carefully review their insurance policies and ensure they understand key terms, exclusions, coverage periods, premium payment timelines and other obligations. Understanding the scope of coverage and any limitations can […]
October 14, 2024
jdowdinsCommon Causes of Insurance Coverage Disputes
Insurance plays a crucial role in a business’s risk management strategy, offering financial assistance after covered losses to ensure continuity in their operations and minimize disruptions. However, disagreements can arise between businesses and insurers over what a policy covers or how much an insurer should pay on a claim, potentially leading to financial strain and […]