Insurance Design & Placement, Inc. Blog Page 5
View the latest blog posts from Insurance Design & Placement, Inc..
Friday, April 3, 2015 When purchasing a general liability policy for a start-up or new business one can expect to pay anywhere between $400-$600. This is primarily because the start-up has either low revenue or low occupied footage which are the two main rating factors for general liability. READ MORE >>
Friday, March 27, 2015 Lean start-up has a buzzword in the industry for the last couple of years. Although it primarily relates to minimizing the cost to build-out the actual product until you confirm the market, the strategy can sometimes be used with other costs such as human resources and risk management. READ MORE >>
Friday, February 20, 2015 Businesses that serve children have a special blessing and from and insurance perspective and additional risk. The law deals with children differently than adults and ask such the duty owed to them is higher and the ability for their own actions to negate their right to recovery is diminished. READ MORE >>
Friday, February 13, 2015 In January the Terrorism Risk Insurance Program Reauthorization Act of 2015 was signed into law. This law extended the previous Terrorism Risk Insurance Act (TRIA) through 2020. Although this caused a sigh of relief for many insurance carriers, many small businesses are still confused by TRIA. READ MORE >>
Friday, February 6, 2015 Many dance schools believe that they have sufficient coverage if the school has a strong release. While a strong release is a crucial part of the risk management program for a dance school it is not a complete risk management program. Insurance can be essential for those exposures which a release does not or cannot contemplate. READ MORE >>
Friday, January 9, 2015 Fast food franchises are a staple of most generations living today. The oldest fast food franchise was A&W Restaurant which started in 1919 so there is a long risk history with this particular industry. READ MORE >>
Friday, January 2, 2015 The business owners policy is a great policy for most small businesses because it provides general coverage for most of the risk exposures that would be faced by a small business. However, particular aspects of your business may raise new or greater exposures than those covered by your small business owner policy. READ MORE >>
Friday, December 19, 2014According to Hartford Insurance, 59% of all restaurant building fires are caused by cooking. The presence of deep fat fryers increases this likelihood by 9%. The best procedures to prevent or decrease the severity of such a fire is actually part of the underwriting information we provide to your insurance carrier in order to write your policy. READ MORE >>
Thursday, December 11, 2014 Electrical fires are one of the top five causes of commercial building fires. Causes of electrical fires are damaged wiring on equipment, damaged outlets, and overloaded outlets. CONDUCT ANNUAL INSPECTION- equipment and outlets should be inspected for frayed loose wires. READ MORE >>
Friday, December 5, 2014 In the insurance industry older buildings are generally seen as liabilities. However, for some business owners older buildings are an asset or, at least, a part of everyday life. Many trusts and estates inherit older buildings, some businesses choose to be located in older buildings for decreased costs of rent or for the added ambiance for their clientele. READ MORE >>
|
Blog Archive
2022
2021
2020
2019
2017
2016
2015
2014
 |
|