Every organization’s business plan should include a section on risk management. If your business plan doesn’t address your risks, take a look at the following areas to start. Equipment: Equipment that needs to be repaired may interrupt your business; insurance or service plans may minimize your costs. For example, if your business is dependent on...
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Understanding Your Terrorism Coverage
When you renewed your commercial property or business package policy, your insurer might have included a notice regarding terrorism insurance coverage. What’s this all about? Your policy might contain two types of terrorism endorsements, or policy additions that provide extra coverage. One would exclude coverage for terrorism-related losses if the federal Terrorism Risk Insurance Program...
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9 Tips For Building a Company Social Media Policy
More than 70 percent of businesses surveyed reported having to discipline an employee for “social media misuse.” Considering the reach and persistence of social media, employers should ensure employees know the do’s and don’ts of social media at work. Establishing a company social media policy should be a priority. What exactly is “social media misuse”?...
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