Why Products Liability Insurance Is Important To Manufactures
Posted: May 9, 2023
In today's consumer-driven world, manufacturers are responsible for producing products that are safe for their intended use. Unfortunately, not all products meet this standard, and some can cause harm to consumers. This is where products liability law comes in. Products liability is a legal theory that holds manufacturers, distributors, and sellers of products responsible for any harm that their product causes to a consumer. This...
Top Five Costly Workplace Injuries
Posted: March 16, 2023
If an employee is injured on the job, employers are legally liable to the employee. Workers’ compensation will even cover employees who are involved in auto accidents while away from the worksite, if the accident occurred while on the job. Workplace accidents happen every day and most could have been prevented. According to the U.S. Bureau of Labor Statistics (BLS) and the National Academy of...
Contractors Have Professional Liability Risks
Posted: March 9, 2023
According to the International Risk Management Institute, contractors, project owners, and project professionals have an increased risk of professional liability claims. Yet less than half of all contractors in need of the coverage are buying it. Insurance can play an important role in “on-time and on-budget” projects. If your contractors’ insurance coverage is not written properly, your business may not survive financially. Many contractors don’t...
Commercial Insurance Keeps Your Business Running
Posted: November 11, 2022
Small businesses account for 89 percent of all companies. A small business is one that employs fewer than 75 people. In reality, most small businesses have seven or fewer employees. When you own a small business, it doesn't take much to derail it and force you to close your doors. Having the right commercial insurance can provide you with the protection you require to survive. Trying to keep...
Keys To Training New Employees
Posted: June 9, 2022
In theory, you recruit certain employees for their qualifications and expertise and others for their labor and ability to learn as a small business owner. But there's no denying that both types of employees will involve some training, and both will benefit from clear objectives and direction. What might be covered It is your right as an employer to set expectations. When it comes to...