Tag: insurance risk

Wet floor sign next to red bucket on a tiled floor

5 Ways To Protect Your Business From Liability Insurance Claims

Accidents happen. That’s why you have liability insurance to protect your business from unfortunate incidents like a slip-and-fall accident. Nonetheless, the cost of deductibles and increased premiums that come with repeated liability insurance claims can take an unnecessary financial toll on a small business. You can prevent the most common types of liability claims before they happen by implementing a safety-first approach. The safety checklist below will help keep your customers and employees safe while keeping your claims costs low. 1. Maintain Proper Lighting Poor

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4 Red Flags That Could Make Your Business Hard to Insure

4 Red Flags That Could Make Your Business Hard to Insure

As a smart business owner, you’re always looking to minimize your risk. Likewise, insurance companies are doing the same when evaluating whether or not to insure your business. So, when they come across certain red flags, they may be inclined to decline coverage. 1. Property in Disrepair. If your business facility has broken steps, leaking pipes, or overstuffed inventory shelves that could tip over and cause a serious accident to you or your employees, you’ll want to address those issues to avoid paying higher insurance

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