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Tag: Commercial Insurance

Commercial Insurance Keeps Your Business Running

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...

5 Medical Malpractice Insurance Myths

If you are practicing medicine, malpractice insurance is a must. Myths and misunderstandings surrounding professional liability insurance for doctors make the subject more complicated than it is. Here are some common medical malpractice insurance myths, followed by the facts: You Cannot Be Sued for More Than Your Policy Limits This statement is false. You are the one being sued for malpractice. If a jury awards...

Is Your Small Business Recession Proof?

The time to recession-proof your business is before the economy starts to downturn. Later may be too late to turn the ship around. Careful planning and taking specific steps now can help you prepare your small business for future downturns and marketplace changes. Get a Handle on Your Cash Flow Many businesses fail because of problems with cash flow. It is important to know your...

Common Types of Surety Bonds & How They Work

A surety bond is a contract that ensures specific obligations are met. These bonds are often required for contractors working on government contracts. They are performance-based. A surety bond is a guarantee between three parties. The parties in a surety bond are: The Principal: The individual who is required to have a surety bond. The Obligee: The individual requesting the bond. The Surety Company: The...

4 Things to Know About Employment Practices Liability Insurance

Employment Practices Liability Insurance or “EPLI” is a form of business insurance specifically to protect against employment-related lawsuits. While the suit may not be accurate, once filed, you will need to defend against the case, which can prove to be very expensive without this type of insurance. The right Employment Practices Liability Insurance can help you get through challenging legal situations without sustaining severe financial...