Workers’ compensation requirements vary between states, but most policies include a premium audit. The audit is required because premiums are typically paid up front based on estimated payroll dollars at the beginning of the policy period. The auditing process is designed to then verify these estimates at the end of the year and make adjustments […]

COVID-19 taught us the value of having a plan in place when life hits us with the unexpected. Whether or not that was the case for your business, now is the perfect time to reflect on what worked for your team throughout the pandemic, what didn’t, and how you can improve the next time you […]

As a restaurant owner, you are a passionate entrepreneur who invests your time, money and talent into managing your business. The process of insuring your restaurant, however, is probably not on your list of favorite things to do. While you are a successful at delivering exceptional food and service to your customers, the hospitality industry […]

The purpose of liquor liability insurance is to protect businesses against lawsuits and other financial liabilities levied against them related to liquor. These lawsuits and financial liabilities typically arise from an intoxicated person who was served alcohol at the establishment of the insured and who has suffered bodily injuries or property damage as a result. […]

Directors and officers are responsible for making the tough choices that can make—or break—a company’s fortunes. In doing so, they must consider the best interests of employees, customers, and shareholders while also keeping in mind corporate best practices. Limited or imperfect information and tight deadlines add to the overall complexity of the decision-making process and […]

Your workers’ compensation premium is determined by three things: Payroll Class code Experience modification factor Payroll dollars and your industry class code are concrete factors that you generally can’t change. The experience modification factor, however, is something you can actively work to reduce to achieve a better premium. How is the Experience Modification Factor Calculated? […]

Optimism is the fuel that drives the entrepreneurial spirit, so it isn’t surprising that most small business owners consider themselves optimists. Too much optimism, however, can get a small business owner into trouble. A business plan built solely on the “best case scenario” is like a house of cards, one gust of wind—or fire or […]

According to the U.S. Census Bureau, there are more than 240 million registered motor vehicles in the United States, and an estimated one-fourth of those are used for business in some way. If you have employees who use personal vehicles for business use, you could be exposing your business to a significant liability risk. Even […]

Each year, the Occupational Safety and Health Administration (OSHA) tracks and shares its most frequently cited OSHA standards. OSHA hopes that by releasing this enforcement data, businesses will take steps to identify and address potential safety issues.  For the 2019 fiscal year, the 10 most frequently cited standards from 2018 all remained on the list, although their order […]

We live in a world where modern technology has given us the opportunity to find anything we need with the click of a button. Whether you’re planning a trip to an exotic location, making a reservation for dinner with friends, or finding a parking spot, odds are you’re booking and paying for these things through […]