Insurance Design & Placement, Inc. Blog: small business
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Tuesday, October 20, 2015BY ABRAHAM ASFAW EDITED BY SEBRINA HILLARD For some states, Colorado I am talking to you, winter is just a few weeks away. As you head into this season keep don't be fooled by these insurance myths. FALSE: Your insurance rates won’t go up if road conditions are to blame for the accident READ MORE >>
Friday, July 31, 2015 Releases are great ways to transfer risk at no cost. Due to this they are essential to nonprofits and to business which sell products or services for which there is an increased, though obvious, risk of injury or damage. READ MORE >>
Friday, July 17, 2015 Many nonprofits believe its directors and officers (D&O) insurance covers the board members for all matters of wrong doing but, just like most other insurance policies, the key is to look at the exclusions. Just as in most policies, the excluded causes of loss are either outside the scope of the purpose of insurance or covered by other types of insurance. READ MORE >>
Friday, April 24, 2015 Sometimes insureds can feel out of control regarding the insurance liability pricing. Although there are some aspects that are out of an insured’s control, there are some matters which you can control and others that you can anticipate. 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 >>
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