Insurance Archives - Supply Chain Game Changer™

How Does Workers’ Comp Insurance Protect Small Businesses and Their Employees?

The Importance of Workers Compensation When Building a Business!

Imagine you own a small construction company with 10 employees. One day, while working on a roof, one of your workers slips and falls, suffering serious injuries that require expensive medical care. Your small business could go bankrupt if you are personally responsible for covering such medical expenses without workers’ compensation insurance.

Workers’ comp insurance exists to protect both small businesses and their employees from the financial ruin that can result from work-related accidents.

Why is Life Insurance Important for the Self-Employed?

The Importance of Whole Life Insurance for Supply Chain Employees!

The purpose of life insurance is to provide financial security to a person’s dependents after the policyholder’s death. While this view is generally correct, it is of paramount importance to those who are self-employed.

Life insurance is a crucial part of financial planning for the self-employed because of the special risks and obligations that come with being your own boss.

For those who work for themselves, life insurance is a necessity that we shall discuss in this article from five different angles.

What is Professional Indemnity Insurance and Why Do You Need It?

How Business Insurance Can Protect You!

Running a business is no easy undertaking. You have to prepare yourself for all the risks and challenges that may come your way. But the question is, how prepared are you to face such predicaments?

If you’re running a business, there’s a chance of becoming liable for damages caused by your company. There’s also a chance of facing legal claims due to negligence in providing expert advice and services, which could cost thousands or even millions of dollars.

Mitigating Supply Chain Disruptions from Water Damage!

Protect Your Business From Flooding (and other Natural Disasters)!

When it comes to the topic of water damage, there’s a crucial need for knowledge sharing and personnel training. A big part of supply chain disruption mitigation is actually rooted in awareness.

To put it simply, you cannot resolve a problem you are not aware of or do not fully understand.

6 Things You Should Never Say to an Insurance Company After a Car Collision

What are the Most Common Mistakes While Driving a Car?

Insurance companies have the legal requirement that you notify them about any car accident that you will get into. Calling an attorney before making a car accident claim will help you know what to say and what not to do. Insurance companies might seem to have your best interests at heart, but their main motive is to make a profit.

Your lawyer understands that and will help you give a statement to the company. Reporting the accident allows the company to process claims, assess damages, and advise on the way forward.

As you give your statement, below are six things you should never say to an insurance company after a car collision.

Growing Your Insurance Agency in the Era of Frequent Supply Chain Crises!

Coronavirus Exposes Global Supply Chain Fragility!

Back in 2020, mankind had to deal with a threat it never saw coming. As COVID wreaked havoc across the globe, chaos and uncertainty shrouded over the business world.

According to the World Economic Forum, the pandemic resulted in one of the biggest supply chain crises the world has ever seen. Even today, almost three years after the pandemic started, its impact on the global supply chain is still evident.

Claims Management Solutions: How to Choose the Right Software for Your Business!

6 Proven Methods for Expanding Your Insurance Agency Reach!

In today’s rapidly evolving business landscape, effective claims management has become a paramount concern for companies across industries.

Amid process streamlining, customer experience enhancement, and resource optimization, claims management software has gained substantial importance for organizations.

Choosing tailored software is pivotal, shaping operational efficiency and customer satisfaction through solutions aligned with company requirements.

In this article, we will provide a step-by-step guide to choosing the right claims software for your business.

Smooth Voyages Ahead: The Importance of Boat Insurance!

6 Proven Methods for Expanding Your Insurance Agency Reach!

Owning a boat is a great way to enjoy the water and get some fresh air. The gentle waves, sailing excitement, and the thrill of exploration define the joy of boating. They make the boating experience special.

However, it is important to remember that boats are expensive to operate and maintain. Also, amidst these picturesque scenes lies an undercurrent of risk, a reality that cannot be ignored.

Accidents, natural disasters, theft, and unforeseen mishaps overshadow even the smoothest voyages. It is within this dynamic context that the significance of boat insurance comes to the forefront.

Exploring the Types and Benefits of Insurance for Law Enforcement Officers!

What is General Liability Insurance and Why Do Businesses Need it?

Law enforcement officers are the ones who protect us. But have you ever thought about who’s going to protect them? Think about the risks they face every day. They’re exposed to lots of threats because of the dynamic nature of their job.

According to a recent study conducted by the American College of Emergency Physicians, police officers are 54% more likely to commit suicide than civilians.

That’s where insurance coverage comes in.

Insurance Tips for Dealing with Vacant Property Risks!

5 Home Insurance Basics You Should Know!

Owning a vacant property comes with a unique set of challenges and risks. Whether the property is temporarily unoccupied or undergoing a transition, the absence of occupants can expose it to various hazards. These typically include vandalism, theft, and deterioration.

To safeguard your investment and mitigate potential losses, it’s crucial to have a solid understanding of vacant property risks. In this article, we’ll explore valuable insurance tips to help you effectively manage the risks associated with vacant properties.

6 Proven Methods for Expanding Your Insurance Agency Reach!

A Look at Various Types of Insurance Coverage for Supply Chain Management!

In the ever-evolving landscape of the insurance industry, expanding your reach is not just a matter of growth but one of survival. As the adage goes, “change is the only constant,” and this axiom holds particularly true in the world of insurance.

According to recent data from IBIS World, the insurance brokers and agencies industry is thriving. Its market size, measured by revenue, was $210.1 billion in 2022. The industry’s remarkable growth, averaging a 2.0% yearly increase between 2017 and 2022, surpasses the broader finance and insurance sector.

How Workers Comp Solutions Empower Staffing Agencies!

The Importance of Workers Compensation When Building a Business!

As for every other industry, the workers’ compensation solution is a straightforward answer to employee financial relief in the event of an injury.

However, things can seem a bit perplexing in the case of staffing agencies.

Selecting the Right Commercial Insurance for Your Florida Small Business!

How Business Insurance Can Protect You!

Commercial insurance holds immense significance in Florida. The employment of 3.6 million individuals by small business owners underlines its pivotal role. Notably, Florida frequently ranks among the top five states with the highest business lawsuit rates. In light of this, acquiring suitable commercial insurance becomes imperative for effective risk management.

Furthermore, small businesses constitute a vital component of Florida’s infrastructure. Contributing significantly to its position as the fourth-largest economy in the U.S. Remarkably, these enterprises employ almost half of the entire workforce.

What is General Liability Insurance and Why Do Businesses Need it?

How Business Insurance Can Protect You!

Running a business requires a lot of support and services from external companies. One of the most significant services every company requires is insurance.

There are many different types of business insurance out there, ranging from sector-specific options to insurance policies that every company needs to have.

Among the latter category is general liability insurance. As the term ‘general’ in the name might suggest, this is a generic form of insurance that covers a wide range of issues that almost any business might encounter.

If you’re unsure of what general liability insurance is and why your business needs it, then keep reading this handy guide to find out more.

The Importance of Whole Life Insurance for Supply Chain Employees!

How to Get a Life Insurance License!

In the dynamic sphere of supply chain management, employees play a pivotal role in ensuring the seamless movement of goods and services. In their complex roles, ensuring personal and family financial security becomes vital for supply chain professionals. It is where whole life insurance comes to the forefront.

Whole life insurance goes beyond the usual coverage, providing special advantages suited to supply chain employees’ unique circumstances. It offers tailored benefits that address the specific challenges in their demanding roles.

In this article, we examine why whole life insurance matters for supply chain workers. We explore how it helps them feel financially stable, manage uncertainties, and ensure lasting tranquility.