Category: Commercial Insurance

Liquor Liability Coverage: A New Year’s Resolution

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Liquor Liability Coverage

It is now November and many commercial businesses should take some time to review their commercial general liability insurance policy. For example, if your business is a resort, campground, restaurant, brewery, distillery or even an event venue, then you will want to make a New Year’s resolution to review your Liquor Liability coverage. According to the Insurance Information Institute (III) Liquor Liability insurance is: “Business coverage that protects your business…

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Understanding Bailee Coverage Protects Everyone

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Understanding Bailee Coverage

During an average week, consumers visit diverse businesses to complete various tasks. Perhaps you need to have your car serviced, maybe you are dropping off clothes for dry cleaning, or you could be in need of having a piece of jewelry repaired. When you are the customer, you become the “bailor,” while the company that temporarily takes control of your property becomes the “bailee.” Both parties have entered into an…

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Consider 5 Critical Items For Professional Liability Insurance

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Professional Liability Insurance

Protecting your business with the appropriate insurance is critical; therefore, please consider 5 critical items about Professional Liability Insurance (PLI). Sounds simple enough, right? But it might surprise you to know that when starting a new profession or company many business professionals place insurance at the bottom of their “to do” list. Often purchasing Professional Liability Insurance is an afterthought. Before we move to 5 critical items, let’s first define…

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Why Non-Profit Directors & Officers Liability Insurance Is A Must

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Non-Profit Directors & Officers Liability Insurance

It is not unusual for people of all ages to become involved with nonprofit organizations. It could be a local organization, regional, statewide or national non-profit. You might be surprised to learn that, according to the IRS, 29 different types of 501(c) non-profits. and it is important to understand that only five are absolutely able to accept tax deductible contributions. These include 501(c)1, 501(c)3, 501(c) 8, 501(c)10, and 501(c)13. To…

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Insuring Your Home-Based Business

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Resources Insuring Home-Based Business

It’s easy enough to announce you are starting your own business and will work from home, i.e., you will join the 38 million home-based business in the United States. It could be you possess a talent, an invention that you are now ready to market, or you can provide a needed service that you’ve determined will gain popularity. But have you researched and considered all the steps you will need…

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Resort Risk Management: 5 Tips for Keeping Guests Safe 

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Resort in the mountains

As a resort owner and operator, you know it’s important to keep your facilities up-to-date. Periodically remodeling bathrooms, installing new landscaping and optimizing your website are all par for the course in resort maintenance and management. But, have you considered upgrading your security measures too? Keeping your guests safe and secure while they are on your property represents one of the most important services that you can offer. And, it…

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5 Ways to Protect Your Revenue Stream from the Unexpected

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Small Business Owner

Owning and operating your own business is the definition of the American Dream for many. The perks? You control your schedule, define your roles and responsibilities and the sky is the limit in terms of the trajectory of your success. Along with the up-side of being an entrepreneur, there are considerable financial risks. Though, there are proven strategies you can implement to protect yourself (and your bottom line). Whether you’re…

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Danger After a Forest Fire

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Friends, as the Gatlinburg area rebuilds please be careful. I have dealt with claims and been around mudslides in the past, this can be a scary time. Below are a few things learned from these experiences: Pay attention to where you are as the rain falls and you are assessing damage. Be aware that a mudslide can happen at anytime after a fire, it could occur weeks, months, even years…

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A Secret to Keep Insurance Premiums Down

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Insurance Premium

Want to hear a secret way to keep your insurance premiums down? Pay your insurance premiums by the due date. Late payments cost the insurance carrier money, which is then passed on to the consumer in the form of higher insurance premiums. With the availability of sophisticated data analysis, companies can now identify their customers that are less profitable and charge only those clients higher premiums. Those with a history…

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Work Comp premiums for Non-Employees in TN

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Employees Sign

Interesting case came out of the Insurors of Tennessee newsletter last week. We have a feeling insurance companies will be jumping all over Workers Compensation audits after the Tennessee Supreme court declined to hear a case about insurance companies collecting Work Comp premium on payroll for Non-Employees. Not good news for many companies who hire independent contractors. The only thing we recommend at this time is that your independent contractors…

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